Lactose Free Food Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players

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The Lactose Free Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Lactose Free Food Market:
https://www.thebusinessresearchcompany.com/report/lactose-free-food-global-market-report

According to The Business Research Company’s Lactose Free Food Global Market Report 2024, The lactose free food market size has grown rapidly in recent years. It will grow from $16.51 billion in 2023 to $18.71 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rising lactose intolerance awareness, growing health consciousness, increasing prevalence of lactose intolerance, diverse product offerings, globalization of dietary preferences.

The lactose free food market size is expected to see rapid growth in the next few years. It will grow to $29.11 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to continued health and wellness trends, innovation in product formulations, rising demand for plant-based alternatives, e-commerce expansion, customized nutrition solutions, collaborations and partnerships. Major trends in the forecast period include development of diagnostic technologies, expanding product offerings in the snack and convenience sector, technological advancements in lactase production, innovation in dairy-free product formulations, health and wellness trends driving market growth.

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. According to the National Library of Medicine, approximately 65% to 90% of adults are affected by lactose intolerance. Moreover, in Europe, 5% to 15% of the population is lactose intolerant. Therefore, an increasing number of people with lactose intolerance is anticipated to drive the demand for lactose-free food over the forecast period.

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The lactose free food market covered in this report is segmented –

1) By Type: Lactose-Free Products, Lactose-Reduced Products
2) By Technology: Chromatographic Separation, Acid Hydrolysis, Membrane Reactor
3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Other Distribution Channels
4) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Diary Products, Other Applications

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:

1. Executive Summary
2. Lactose Free Food Market Characteristics
3. Lactose Free Food Market Trends And Strategies
4. Lactose Free Food Market – Macro Economic Scenario
5. Global Lactose Free Food Market Size and Growth
……………
32. Global Lactose Free Food Market Competitive Benchmarking
33. Global Lactose Free Food Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lactose Free Food Market
35. Lactose Free Food Market Future Outlook and Potential Analysis
36. Appendix

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