What is Lactose Free Food Market?
The growing awareness about health and fitness around the world will help to boost the global Lactose-Free Food market in the forecasted period. Lactose-free food products are meant for people with lactose intolerance. Lactose intolerance is a condition where the body is unable to digest lactose, a sugar present in milk. the increasing population of consumers suffering lactose intolerance in various regions of the world, the introduction of Lactose-free milk formula, the growing marketing and promotional strategies is expected to drive the global market.
The market study is being classified by Type (Milk, Bread, Fats, Soups and Sauces, Desserts and Others), by Application (Non Dairy Products, Dairy Products and Other Applications) and major geographies with country level break-up.
Kerry Group (Ireland), Johnson & Johnson (McNeil Nutritionals) (United States), Cargill Inc. (United States), Parmalat S.p.A. (Italy), Valio Ltd (Finland), Galaxy Nutritional Foods, Inc. (GO veggie) (Canada), WhiteWave Foods (United States), Arla Foods amba (Denmark), Barry Callebaut (Switzerland) and Daiya Foods Inc. (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are General Mills, Inc. (United States), Fonterra Co-operative Group Limited (New Zealand), Dean Foods (United States), OMIRA Oberland-Milchverwertung (OMIRA) (Germany) and Agropur Cooperative (Canada).
Research Analyst at AMA predicts that North American Vendors will contribute to the maximum growth of Global Lactose Free Food market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Lactose Free Food market by Type, Application and Region.
On the basis of geography, the market of Lactose Free Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurging Instances of lactose Intolerance Across the East Asian Descents
- Rising Health Awareness across the Global Populations Led to Increased Consumption
Market Trend
- Growing Adoption of Variety of Lactose-Free Products with Differential Flavour and Taste
- Increasing Product Endorsements and Inauguration of Several Inventive Merchandises
Restraints
- Lack of Demand from the Rural or Economically Underdeveloped Areas
- Availability of Alternative Dairy Substitutes to the Lactose-Free Products
Opportunities
- Highly Escalating Obese Population across the Globe
- Introduction to Virtual Retail Stores or E-Commerce has Ultimately Assisted in Geographic Expansion
Challenges
- Complexities in Retaining Contemporary Dairy Consumers
- Increasing Distribution overheads and Raw Material Prices
On 24 June 2019, the global food & beverage industry leader "Kerry Group" has established a new 20 million euros production facility in India. The new production plant 40,585 square meter facility located near Bangalore. The company will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, with Kerry Taste and Beverage systems for the fast-growing retail and Foodservice markets.
Key Target Audience
Lactose-Free Food Manufacturers, Lactose-Free Food Suppliers and DIstributors, Lactose-Free Food International Traders, Food and Beverage Industry, Research and Development Institutes, Upstream and Downstream Buyers, Government Agencies and Others