Lactose intolerance is a problem in adults unable to digest foods consisting of lactose. Lactose free foods contain dairy alternatives such as almond milk and others which can be found at supermarkets. High sales of these foods are an indicator of its bright potential. The global lactose free food Industry report by Market Research Future (MRFR) comprises drivers, trends, and opportunities for the period of 2018 to 2027 (forecast period).
Market Scope
The global lactose free food Industry is expected to display a stellar growth rate during the forecast period owing to a rise in lactose intolerance cases. Awareness of these foods and its consumption due to lifestyle changes can drive market growth. Availability of these products at neighborhood stores and retail chain outlets is an indicator of the reach of the market. Social media campaigns are also likely to influence consumers due to the consumption of news from smartphones and portable devices.
Introduction of lactose free ice creams and infant food are trends which can encourage market growth. The large birth rates globally can influence market demand greatly. For instance, Brayers has introduced two new flavors of ice-cream, namely vanilla-free icecream and chocolate-free icecream.
The market can face a challenge in the form of these products being expensive to customers in developing economies.
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Competitive Outlook
Barry Callebaut, General Mills Inc., Dean Foods, Daiya Foods, Arla Foods, Galaxy Nutritional Foods Inc., WhiteWave Foods, Amy's Kitchen, Fonterra Co-operative Group Limited, and Land O'Lakes, Inc. are major players of the global lactose free food Industry. Rapid technological changes and product differentiation are two strategies being implemented by players to stay ahead of the competition.
Segmentation
The global lactose free foods market is segmented into type and source.
By type, it is segmented into desserts, fats, milk, bread, soups & sauces, and others. The milk segment is expected to capture a major share of the global lactose free foods market during the forecast period. However, the bread segment can expand at a high pace in the near future.
By source, the market is segmented into almond, soy, coconut, rice, and hemp milk. The soy segment is anticipated to hold a large market share in the global lactose free foods market. This can be credited to soy which is protein-rich and calcium. Low price of soy milk compared to its counterparts can drive its growth in the coming years. However, the almond milk segment is projected to expand at a high pace during the forecast period.
Regional Analysis
The global lactose free foods market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe accounted for 50% share of the global lactose free foods market in 2018. It can dominate the global market till the end of the forecast period owing to cases of lactose intolerance among consumers. Rise of veganism among the public and demand of dairy-free foods can influence the market presence greatly in the region. Germany is one of the biggest contributors of the region.
North America accounted for 30% market share in 2018. Concerns over animals and environments are likely to spike the production of lactose-free foods in the region. Clean labeling trends and high demand for organic foods can bode well for the market. The market can see growth due to establishment of vegan cafes and restaurants. On the other hand, APAC is deemed to exhibit the highest growth rate during the forecast period. Easy digestibility of these foods as well as the large vegetarian populace is attractive factors which can lead to investments from leading market players.
The latest trending report Global Lactose-free Food Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Lactose-free Food market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.1% in the forecast period of 2020 to 2025 and will expected to reach USD 10410 million by 2025, from USD 8849 million in 2019.The Lactose-free Food market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/32988-lactose-free-food-market-analysis-reportThe major players covered in Lactose-free Food are: Arla Foods Barry Callebaut Parmalat McNeil Nutritionals Amy’s Kitchen OMIRA Chr.
Hansen Alpro Valio Cargill Fonterra Green Valley Organics Daiya Foods Land O Lakes Galaxy Nutritional Foods Emmi Dean Foods HP Hood General Mills Edlong Dairy Technologies Murray Goulburn TINE Laktosefri WhiteWave FoodsBy Type, Lactose-free Food market has been segmented into lactose-free dairy lactose-free baby food other lactose-free foodBy Application, Lactose-free Food has been segmented into: Children Adults Senior CitizensThe report offers in-depth assessment of the growth and other aspects of the Lactose-free Food market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Lactose-free Food Market @ https://www.decisiondatabases.com/contact/download-sample-32988The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Lactose-free Food product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Lactose-free Food, with price, sales, revenue and global market share of Lactose-free Food in 2018 and 2019.Chapter 3, the Lactose-free Food competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Lactose-free Food breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Lactose-free Food market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Lactose-free Food sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Lactose-free Food Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-32988All Food Related Reports by DecisionDatabases.com @ https://goo.gl/mGGNh7About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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