LACTOSE FREE FOOD MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The lactose free food market is estimated to be valued at USD 18.73 Bn in 2024, growing at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031. The global lactose free food market has been witnessing steady growth over the past few years due to the rising prevalence of lactose intolerance. Lactose intolerance refers to a condition where the body is unable to digest lactose, the natural sugar present in milk and milk products, due to the deficiency of the lactase enzyme. Some of the prominent symptoms associated with lactose intolerance include abdominal pain, bloating, gas, and diarrhea. With more people becoming aware about this digestive issue, the demand for lactose-free alternatives to regular dairy products has surged exponentially. Food manufacturers are responding to this demand by introducing an extensive range of lactose-free milk, yogurt, cheese, and baked goods. The market is expected to further grow at an accelerated pace going forward as the intolerance to lactose becomes more common.

 Market Dynamics:

The global lactose free food market is driven by the rising incidence of lactose intolerance worldwide coupled with increasing consumer awareness about digestive health issues. As per statistics, around 65% of the world's population suffers from lactose intolerance. Growing health consciousness among people and preference for foods that ease digestion are providing a fillip to the sales of lactose-free variants. However, the high production costs associated with these specialty food items compared to regular dairy is a major challenge for wide acceptance. On the positive side, growing vegan trends and demand for dairy alternatives open lucrative opportunities for lactose-free food manufacturers. Moreover, technological advancements enabling new product development widen the scope for market expansion.

 Key Features of the Study:

• This report provides an in-depth analysis of the global lactose free food market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global lactose free food market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Cargill, Inc., Galaxy Nutritional Foods, Inc., Green Valley Organics, Edlong Dairy Technologies, Parmalat SpA, Valio Ltd., Alpro, OMIRA Oberland-Milchverwertung, Crowley Foods, Arla Foods., Danone SA, General Mills Inc., Fonterra Co-operative Group Limited, Kerry Group PLC, Emmi AG, WhiteWave Foods, Barry Callebaut AG, HP Hood LLC, Valio Ltd, and Daiya Foods Inc
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global lactose free food market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lactose free food market

Market Segmentation

• Source:
• • Coconut
  • Soy
  • Almond
  • Others (Oats, Hemp)
• Product Type:
• • Lactose-free Dairy
  • Lactose-free Bakery
  • Lactose-free Confectionery
  • Lactose-free Infant Formula
• Distribution Channel:
• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retail
• Regional:
• • North Americas
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Cargill, Inc.
  • Galaxy Nutritional Foods, Inc.
  • Green Valley Organics
  • Edlong Dairy Technologies
  • Parmalat SpA
  • Valio Ltd.
  • Alpro
  • OMIRA Oberland-Milchverwertung
  • Crowley Foods
  • Arla Foods.
  • Danone SA
  • General Mills Inc.
  • Fonterra Co-operative Group Limited
  • Kerry Group PLC
  •  Emmi AG
  • WhiteWave Foods
  • Barry Callebaut AG
  • HP Hood LLC
  • Valio Ltd
  • Daiya Foods Inc