Lactose is the sugar, which is the normal part of milk products. The enzyme lactase present in the lining of small intestine helps split lactose into two sugars that can be absorbed by body and can be used for nourishment. Lactose free diet help to reduce symptoms such as cramping, diarrhea and bloating.
Apropos a Future Market Insights’ recent report, the global lactose free dairy products market is estimated to reach value of nearly US$ 17,900 Mn by the end of 2027, up from US$ 10,580 Mn in 2017. The market is anticipated to expand at moderate single-digit CAGR throughout the forecast period (2017-2027). The global market for lactose free dairy products is primarily characterized by existence of large amount of multinational and regional companies.
What are the key factors influencing growth of the global lactose free dairy products market?
Increase in beverage and organic food consumption is the key driving factor for the growth of global market for lactose free dairy products. Growing awareness among consumers related to benefits of lactose free dairy products as well as mature market is projected to fuel the growth of the market. Prevalence of lactose intolerance in Latino population is forcing customers towards lactose free solutions in dairy products. High lactose intolerant population in definite regions is anticipated to generate good potential to fuel demand for lactose free dairy products. Further, rising urban population globally is projected to fuel demand for lactose free dairy products and milk.
Why conventional nature lactose free dairy products are dominant?
Conventional segment among natures of lactose free dairy products is anticipated to retain its dominance in the market due to its competitive price over the forecast period. However, organic segment is projected to register highest value CAGR throughout the forecast period owing to growing demand for organic products throughout the world.
During the forecast period, the speciality segment is estimated to reflect relatively lower CAGR, in terms of volume throughout the forecast period. Owing to increasing online shopping as well as rising penetration of internet globally, the e-retailers segment is anticipated to showcase high CAGR over the assessment period. Further, the liquid segment among all the forms of dairy products is likely to retain its dominance in the market, registering 5.5% CAGR over the assessment period. Among the product types, milk is slated to witness relatively high growth due to risen demand throughout the assessment period.
What is the performance of lactose free dairy products market in Eastern Europe?
In most of the developing as well as developed economies, growing per capita expenditure on dairy products is anticipated to fuel growth of lactates and associated ingredients. Eastern Europe is presently self-sufficient in terms of lactose free dairy product manufacturing. This region alone manufactures more than 60 Mn MT of lactose free dairy products per annum. Some companies in this region are focusing on introduction of low cost lactose free dairy products to supply the demand from health conscious consumers in this region.
What are the prominent players operating in the global lactose free dairy products market?
The report comprises of several leading players operating in the market which include, Murray Goulburn Co-Operative, Valio International, Arla Foods, Shamrock Foods Company, The Danone Company Inc., Nestle S.A. and Dean Foods. The report also providers key strategies of these players to remain at the pole position.
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