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:
Market Segmentation
Table of Contents
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