The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

As per The Business Research Company’s Food Intolerance Products Global Market Report 2024, the food intolerance products market is expected to show significant growth in the forecast period.

 

 

Current Expansion

• The food intolerance products market has exhibited substantial growth, escalating from $17.64 billion in 2023 to $19.05 billion in 2024.
• Significant CAGR of 8.0% in the existing period.
• Growth attributed to increased prevalence of food intolerances, heightened awareness, and diagnosis of food allergies, and the burgeoning demand for specialized and free-from food products.

 

 

Future Projections

• Anticipated robust growth to $25.56 billion in 2028.
• Expected CAGR of 7.6% in the forecast period.
• Growth driven by the adoption of plant-based and alternative protein sources, emphasis on clean label and minimal ingredient foods, and expanding market reach.

 

 

The Rising Prevalence of Food Allergies Fuels Market Growth

Increasing Food Allergies

• The surge in food allergies is expected to drive the growth of the food intolerance products market.
• Food intolerance products are designed to be free from allergens, gluten, lactose, and other ingredients causing food intolerances.
• Prevalence data from the Centers for Disease Control and Prevention reveals a significant impact, with nearly 6% of U.S. adults and children reporting a food allergy.

 

 

Market Impact

• The market response is evident in the increased demand for products addressing food allergies.
• Companies are focusing on providing allergen-free solutions, responding to the growing need for specialized dietary choices.

 

 

Key Market Players

• Major companies in the food intolerance products market include:
  • Nestle SA
  • General Mills Inc.
  • Kraft Heinz Company
  • Danone SA
  • Beyond Meat Inc.
  • And more.

 

 

Innovative Lactose-Free Solutions Drive Growth

Focus on Lactose-Free Products

• Key players are concentrating on developing innovative solutions, such as lactose-free products, to stay competitive.
• Lactose-free products cater to individuals intolerant to lactose, found in dairy foods like milk, cheese, and yogurt.

 

 

Noteworthy Innovation

• Bharat Skyr & Doodh Products Private Limited launched Lactose-Free Greek Yogurt under the brand Skyrrup.
• The product, made from A2 cow milk, offers a delightful dairy experience, appealing particularly to those with lactose intolerance.

 

 

Strategic Acquisitions

• ADM’s acquisition of Deerland Probiotics & Enzymes in November 2021 strengthens its functional foods and dietary supplements portfolio.
• Deerland Probiotics & Enzymes, now part of ADM, contributes innovative products designed to address various food intolerances.

 

 

Market Segmentation and Growth Drivers

• The food intolerance products market is segmented based on:
  1. Product Type: Diabetic Food, Gluten-free Food, Lactose-free Food
  2. Type: Bakery Products, Confectionery Products, Dairy and Dairy Alternatives, Meat and Seafood Products, Other Types
  3. Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online Channels, Other Distribution Channels
• In 2023, North America emerged as the largest region in the food intolerance market, with Asia-Pacific expected to be the fastest-growing region in the forecast period.

 

 

View More On The Food Intolerance Products Market Report 2024 – https://www.thebusinessresearchcompany.com/report/food-intolerance-products-global-market-report

 

 

Request A Sample Of The Global Food Intolerance Products Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=6075&type=smp

 

 

The Food Intolerance Products Global Market Report 2024 provides an in-depth analysis on the food intolerance products market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the food intolerance products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

 

View More Related Reports –

Food Antioxidants Global Market Report 2024

Food And Beverage Industry Pumps Global Market Report 2024

Food Acidulants Global Market Report 2024

 

 

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