The Lactose Free Food Global Market Report 2023 by The Business Research Company, provides lactose free food market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Lactose Free Food Global Market Report 2023, the market size will grow from $12.33 billion in 2022 to $14.07 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global lactose free food market size is expected to grow from $22.69 billion in 2027 at a CAGR of 12.7%.
An increasing number of people with lactose intolerance are expected to contribute to the higher demand for lactose-free food products. Lactose intolerance is a digestive syndrome caused by the inability to digest lactose, a carbohydrate found in dairy products.
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The lactose free food market is segmented:
1) By Type: Lactose-Free Products, Lactose-Reduced Products
2) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Diary Products, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Other Distribution Channels
4) By Source: Rice, Almond, Soy, Hemp Milks, Coconut
5) By Technology: Chromatographic Separation, Acid Hydrolysis, Membrane Reactor
The launch of new lactose-free products is a leading trend contributing to the market’s expansion. In June 2022, Provilac, an India-based premium milk home delivery company, announced the launch of free-cow milk for those with a sensitive digestive system. Provilac’s lactose-free milk is produced by adding “Lactase”, a catalytic enzyme that breakdown lactose into glucose without jeopardizing the integrity of the milk. This scenario of new product developments is likely to surge the revenues for lactose-free food market over the forecast period.
The lactose free food market report table of contents includes:
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