23-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for Lactose Free Dairy Products market was valued at approximately USD 11.5 Billion in 2019 and is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026. Health consciousness along with a rise in the purchasing power of the customer has maintained the growth of global lactose free dairy products market. The market has been augmenting steadily and estimates show that it will sustain its development in the period 2019–2025. Lactose is a disaccharide sugar that is obtained naturally only in milk. It is detected in dairy products produced from milk and milk derivates. The lactose intolerance is a biological problem and is chiefly resulted due to the inability to assimilate lactose. The symptoms of lactose intolerance are abdominal cramps, diarrhea, and bloating. The increasing lactose-intolerant population is basically impelling the augmentation of the global lactose-free dairy products market.
Some of the key players in the market are McNeil Nutritionals, LLC, Green Valley Creamery, Alpro, Valio International, Cabot Creamery Cooperative, Arla Foods amba, The Danone Company Inc., Saputo Dairy Products, Smith Dairy Products Co., Dean Foods, Hiland Dairy, Granarolo Group, General Mills Inc., Nestle SA, and Mondelez International.
Increasing Lactose Intolerant Population To Spur Global Lactose Free Dairy Products Market
The surge in the intake of organic food and beverages is a key driver of the worldwide lactose free dairy products market. This can be accredited to the augmenting consciousness regarding the adverse impacts of synthetic and unethical ingredients utilized in non-organic foods. Several economically developed countries have executed severe laws to make sure high-quality manufacturing of organic milk. This has developed faith in the minds of customers concerning lactose free dairy products. The rising fascination among customers for lactose free dairy products has induced in a range of the product line. The customers anticipate variety in their dairy products like flavored milk, yogurt, cheese, and sugar-free products. The persistently increasing lactose intolerant population is a chief driver for the global lactose free dairy products market.
The global lactose free dairy products market is bifurcated on the basis of product type, category, distribution channel, and regional analysis. Based on the product type, the market is divided into yogurt, milk, ice cream, and others. Based on the category, the market is divided into conventional and organic. Based on the distribution channel, the market is divided into supermarket & hypermarket, store-based, non-store-based, convenience stores, and others.
Europe Region To Witness The Major Market Share Of The Global Lactose-Free Dairy Products Market
Based on the geographical analysis, the global lactose free dairy products market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Europe is anticipated to hold the largest share of the global market. The milk production across this region is very high. North America is expected to record stable growth. The demand for yogurt and cream-based products across this region will drive the demand.
Browse the full “Lactose Free Dairy Products Market (Form (Powder, Liquid, and Semi-Solid), Product Type(Processed Milk Products, Infant Formula, Butter/Cheese, Desserts, Ice Cream, Yogurt, Milk Powder, Condensed Milk, and Milk), Nature(Conventional and Organic), and Distribution Channel(Convenience Stores, Hypermarket/Supermarket, E-Retailers, and Specialty Stores)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/lactose-free-dairy-products-market
The global lactose free dairy products market is segmented as follows:
By product type:
By distribution channel:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651