Overview and Scope
Lactose-free infant Formulaare used for infants with lactose intolerance. Lactose-free infant Formulais designed for babies having difficulty digesting lactose that naturally occurs in breast and cow’s milk. Infants with lactose intolerance may not completely digest the lactose in milk which can cause them health problems like gas, stomach rumbling, cramping, bloating, and diarrhea.
Sizing and Forecast
The lactose-free infant Formulamarket size has grown rapidly in recent years. It will grow from $16.59 billion in 2023 to $18.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to medical recommendations and prescriptions, rise in cases of cow’s milk protein allergy (cmpa), increased incidence of lactose intolerance in infants, parental concerns for digestive health, improved formulations and taste, demand for alternative dietary solutions.
The lactose-free infant Formulamarket size is expected to see rapid growth in the next few years. It will grow to $28.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growing global awareness of lactose intolerance, market expansion in emerging economies, rising adoption of specialty formulas, research advancements in infant nutrition, increasing healthcare accessibility. Major trends in the forecast period include development of hydrolyzed protein formulas, integration of probiotics for gut health, formulation of plant-based and non-dairy options, emphasis on organic and clean label formulas, supplementation with dha and ara for development.
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Segmentation & Regional Insights
The lactose-free infant Formulamarket covered in this report is segmented –
1) By Type: Milk Infant Formula, Non-Milk Infant Formula
2) By Indications: Starting Formula, Specialized Formula, Follow-On Formula
3) By Application: Premature, Babies With galactosemia, Infants With Cows Milk Protein Allergies, Other Applications
4) By Distribution Channel: Supermarkets/Hypermarkets, Specialist Stores, Online Retail Stores, Other Distribution Channels
Western Europe was the largest region in the lactose-free infant Formulamarket in 2023. The regions covered in the lactose-free infant Formulamarket report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising incidences of lactose intolerance are expected to propel the growth of the lactose-free infant Formulamarket. Lactose intolerance occurs when people cannot fully digest the lactose present in the milk leading to various health problems such as bloating, gas, and diarrhea. Lactose intolerant infants are required to take lactose-free infant Formulato fulfill their nutrition requirements. For instance, in July 2022, according to reports from Encyclopædia Britannica Inc., a UK-based publishing company, lactose intolerance affected approximately 65% of the adult human population in 2022. Therefore, the rising incidence of lactose intolerance among infants is driving the lactose-free infant Formulamarket.
Key Industry Players
Major companies operating in the lactose-free infant Formulamarket include Nestle S.A, Valio Ltd., Danone S.A, Abbott Laboratories, Silverson Machines Holdings Ltd., Gimme the Good Stuff, Mead Johnson & Company LLC, Gerber Product Co., HiPP International, Vermont Organics LLC, Perrigo Company plc, Earth’s Best Inc., Nutricia Ltd., Dana Dairy Group, Nurture Inc., Kraft Heinz Company, Hain Celestial Group Inc., Honest Company Inc., Nature’s One Inc., Ausnutria Dairy Corporation Ltd., Synutra International Inc., Beingmate Baby & Child Food Co. Ltd., Yili Industrial Group Company Limited, Feihe International Inc., Biostime International Holdings Limited, Wissun International Group Co. Ltd., Otsuka Holdings Co. Ltd., Morinaga Milk Industry Co. Ltd., Yakult Honsha Co. Ltd., FrieslandCampina NV
The lactose-free infant Formula market report table of contents includes:
1. Executive Summary
2. Lactose-Free Infant FormulaMarket Characteristics
3. Lactose-Free Infant FormulaMarket Trends And Strategies
4. Lactose-Free Infant FormulaMarket – Macro Economic Scenario
5. Global Lactose-Free Infant FormulaMarket Size and Growth
…..
31. Global Lactose-Free Infant FormulaMarket Competitive Benchmarking
32. Global Lactose-Free Infant FormulaMarket Competitive Dashboard
33. Key Mergers And Acquisitions In The Lactose-Free Infant FormulaMarket
34. Lactose-Free Infant FormulaMarket Future Outlook and Potential Analysis
35. Appendix
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