Overview and Scope
Lactose intolerance treatment is a treatment for a condition that causes symptoms in the digestive system. It is a digestive disorder in which enough lactase is not produced. This condition can cause abdominal pain, flatulence, bloating, cramps, acidity, and diarrhea. A natural enzyme (lactase) produced by the body is substituted in the treatment of lactose intolerance.
Sizing and Forecast
The lactose intolerance treatment market size has grown strongly in recent years. It will grow from $30.52 billion in 2023 to $32.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased awareness, changing dietary patterns, global rise in lactose intolerance cases, growing healthcare infrastructure, consumer preferences for natural and alternative products, government investments.
The lactose intolerance treatment market size is expected to see strong growth in the next few years. It will grow to $43.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to continued research and development, increasing incidence rates, personalized medicine approaches, rising healthcare expenditure, globalization of dietary habits, patient-centric healthcare. Major trends in the forecast period include rising demand for dairy alternatives, technological advancements in diagnostic tools, development of enzyme supplements, nutraceuticals and functional foods, global awareness and education initiatives, expansion in emerging markets.
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Segmentation & Regional Insights
The lactose intolerance treatment market covered in this report is segmented –
1) By Treatment: Food Supplements, Enzyme Lactase Supplements, Probiotics, Other Treatments
2) By Intolerance Type: Primary Lactose Intolerance, Secondary Lactose Intolerance, Congenital Lactose Intolerance, Developmental Lactose Intolerance
3) By Route of Administration: Oral, Injectable
4) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
North America was the largest region in the lactose intolerance treatment market in 2023. The regions covered in the lactose intolerance treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing incidences of small intestine diseases are expected to propel the growth of the lactose intolerance treatment market going forward. The small intestine disease affects the body’s digestive system and results in two conditions that are characterized by persistent gastrointestinal tract inflammation. Small intestine disorders are treated with lactose intolerance treatment. It contains lactose, which is broken down by the enzyme lactase into the simpler sugar glucose and galactose in the small intestine. For instance, in October 2022, according to a report by the United European Gastroenterology (UEG), an Austria-based non-profit organization, throughout Europe, more than 300 million people suffer from digestive illnesses. The cost of digestive diseases as a percentage of GDP was 0.12%, which translates to a potential cost of $20 billion in Europe in 2021, and the estimated cost of preventing productivity losses in 2019 was $11.4 billion. In the future, this will increase to $34.2 billion for 75% reductions. Therefore, increasing incidences of small intestine diseases are driving the growth of the lactose intolerance treatment market.
Key Industry Players
Major companies in the lactose intolerance treatment market are introducing innovative products, such as animal-free creams, to sustain their position in the market. Animal-free cream cheese is a dairy-free alternative made from plant-based ingredients, catering to individuals with lactose intolerance by providing a non-dairy option for those seeking a substitute for traditional cream cheese derived from animal milk. For instance, in February 2022, Modern Kitchen, a US-based animal-free products company, launched the world’s first animal-free cream cheese. It is made from precision fermentation technology in which DNA sequences of real dairy are encoded into microorganisms that produce proteins similar to real milk. The product is made from real dairy and is lactose-free, hormone-free, and cholesterol-free.
The lactose intolerance treatment market report table of contents includes:
- Executive Summary
- Lactose Intolerance Treatment Market Characteristics
- Lactose Intolerance Treatment Market Trends And Strategies
- Lactose Intolerance Treatment Market – Macro Economic Scenario
- Global Lactose Intolerance Treatment Market Size and Growth
- Lactose Intolerance Treatment Market Segmentation
- Lactose Intolerance Treatment Market Regional And Country Analysis
………..
- Key Mergers And Acquisitions In The Lactose Intolerance Treatment Market
- Lactose Intolerance Treatment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lactose Intolerance Treatment Market, Segmentation By Treatment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lactose Intolerance Treatment Market, Segmentation By Intolerance Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lactose Intolerance Treatment Market, Segmentation By Route of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 75: Johnson & Johnson Services Inc. Financial Performance
Table 76: Abbott Laboratories Inc. Financial Performance
Table 77: Macleods Pharmaceuticals Limited Financial Performance
Table 78: Nature’s Way Brands LLC Financial Performance
Table 79: Profarma Financial Performance
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