The lactose free food market has witnessed significant growth in the recent past owing to increasing prevalence of lactose intolerance among the global population. Lactose free food products such as milk, yogurt, cheese and baby food are specially processed or formulated to be easily digestible for people with lactose intolerance. The global lactose intolerance population suffers from abdominal pain, bloating and diarrhea upon consumption of milk and other dairy products. Lactose free foods help address their daily nutritional needs while avoiding digestive discomfort.
The Global Lactose Free Food Market is estimated to be valued at US$ 29.2 billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the lactose free food market are Valio Oy, The Danone Company
Inc., MORINAGA MILK INDUSTRY CO., LTD, Arla Foods amba, Johnson & Johnson
Services, Nestle, General Mills Inc.
The increasing awareness of lactose intolerance and the health benefits of lactose-free foods is driving the growth of the Lactose Free Food Market size research, around 65% of the global population suffers from lactose intolerance after infancy due to lower production of lactase enzyme. This has increased the demand for specially formulated lactose free dairy and packaged food products.
Manufacturers are focused on the global expansion plans to tap the market opportunities in emerging countries with rising lactose intolerant demographics such as Asia Pacific and Latin America. Favorable regulatory framework for lactose free foods and increasing product launches catering to regional taste preferences will further accelerate the global market expansion over the coming years.
Market Key Trends
One of the key trends gaining traction in the lactose free food market is the launch of innovative dairy-alternative products. Various plant-based milk alternatives made from soy, almonds, coconut, oats and rice are witnessing high popularity. These non-dairy and lactose free products are a healthier option for vegan and vegetarian consumers with lactose intolerance. Moreover, to cater to evolving consumer preferences, lactose free products are being fortified with several nutrients such ascalcium, vitamins and prebiotics. This is expected to support the growing demand for functional lactose free foods over the forecast period.
Porter’s Analysis
Threat of new entrants: High capital cost and brand recognition act as a barrier for new companies.
Bargaining power of buyers: Large retail chains have higher bargaining power over manufacturers due to private label brands.
Bargaining power of suppliers: Suppliers of raw materials have low bargaining power due to availability of substitute ingredients.
Threat of new substitutes: Plant-based milk alternatives pose a threat, but lack in taste compared to dairy milk.
Competitive rivalry: Intense competition exist among established players to cater to niche consumer segments and offer innovative products.
Geographical Regions
The North America region accounts for the largest share in the Lactose Free Food Market Regions Analysis in terms of value.Factors such as increasing lactose intolerance among population and rising health awareness are driving the market growth in the region.
Asia Pacific is expected to witness the fastest growth during the forecast period. Improving standards of living and changing dietary patterns are augmenting the demand for specialty food products in countries like India and China. Rapid urbanization coupled with growing health consciousness among consumers presents lucrative opportunities for market expansion.
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