Lactose Free Food Product Market to Witness Increasing Demand due to Rising Incidence of Lactose Intolerance

Soaring health concerns have spurred the demand for healthy foods, subsequently boosting the global lactose free food products market. In the coming years, Transparency Market Research (TMR) foresees promising growth for the market driven by the rising prevalence of lactose intolerance. TMR presents a detailed overview of the market, sighting key threats and potential opportunities in a report, titled “Lactose Free Food Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” It offers a comprehensive overview of the global lactose free food products market, besides covering growth drivers and restraints chalking its expansion. The report also includes insights into key strategies adopted by the market players and how they have influenced the overall growth trajectory between 2017 and 2025.

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Besides lactose intolerance, the market is expected to gain from the increasing incidence of food allergies triggered by food that are not lactose free. Lactose free food products are highly digestible and are hence preferred by those who suffer from lactose intolerance. Moreover, their consumption among health conscious people has risen. This, coupled with the availability of lactose free food products in various flavors, will create lucrative growth opportunities. According to TMR, the global lactose free food products market will significantly gain from the launch of lactose-free foods such as ice-creams and fast foods. To gain traction various companies have started producing lactose free food products. Such initiatives by market players are likely to positively influence the global lactose free food products market, thus, aiding its expansion worldwide.

The lactose free food products market can be segmented based on various parameters such as distribution channel, products, and region. In terms of type, the market can be classified as lactose-free dairy, lactose-free milk formula, and lactose-free ice cream. Of these, the lactose-free dairy segment covers a huge assortment of products, which keep it at the running of the market’s top slot. Furthermore, TMR expects the demand for lactose-free ice creams to rise considerably in the coming years. Based on distribution channel, the global lactose free food products market can be segmented into convenience store, pharmacies/drugstores, supermarket/hypermarket, and online channels. Of these, the market is likely to witness considerable opportunities in convenience store and pharmacies/drugstore.

Regionally, the global lactose free food products market can be segmented into North America, the Middle East and Africa, Asia Pacific, Europe, and Latin America. Among these regions, the demand from North America is forecast to increase at a rapid pace. The rising awareness about the benefits of lactose free food products in comparison to their non-lactose free counterparts will fuel the demand for the former in North America.

Some of the leading companies operating in the global lactose free food products market are OMIRA Oberland Milchverwertung Ravensburg, Valio, Crowley Foods, and Agropur Cooperative (Natrel).