Lactose free food Industry trends and forecast to 2023 published by Leading Key Players Review

Market Overview

Owing to growing consumer needs and their awareness about specialty food has grown in recent years. The growth has been driven by the increased acceptance of free-from food amongst the consumers.

There has been growing demand of lactose free foods across the world owing to rising incidence of lactose intolerance. According to Lactose Intolerance Global Network (LIGN), majority of the worldwide adult population suffers from lactase deficiency, except for the population of Northern and Central Europe. With growing consumer concern over animal welfare, human health and the environment has led to the rising trend of veganism which has become a mainstream now. Veganism is associated with variety of beneficial health effects such as better heart health, improved diabetes, and lower rates of obesity, among others. Israel, Sweden, Japan, Poland, U.S., Germany, and U.K. have the largest concentration of vegans. Vegans look for animal ingredients alternatives and replace it with vegan ingredients which drive the demand of lactose free food.

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Major Key Players

With manufacturers aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points from both supply and demand side. Industrial players are relying on strategic acquisition, new product launch, partnership & collaboration to capture the growth opportunity. New product launch & development has become the major strategy for key players from last few years which are contributing the maximum share of strategy. Expansion and acquisition are other two main factors which are contributing significantly to help the company to increase their production capacity to fulfill increasing demand for various food & beverage products. The key market players profiled in Lactose free food are Daiya Foods, Inc. and Lactaid, Silk, Hail Marry, Lucy’s, Go Max Go, Simply Protien, Enjoy Life, Katefarms, Dr. Praeger, Alpro,Amy’s Kitchen, Barry Callebaut, Cargill, Chr. Hansen, Crowley Foods, Doves Farm Food, Edlong Dairy Technologies, Emmi, Fonterra, Galaxy Nutritional Foods, General Mills, Green Valley Organics, HP Hood, Kerry Group, Murray Goulburn, Sweet William, TINE Laktosefri, WhiteWave Foods.

Market Segments

Global Lactose Free Food Market has been divided into type, source, and region.

On The Basis Of Type: Milk, Breads, Fats, Soups and Sauces, Desserts, and Others

On The Basis Of Source: Soy, Rice, Coconut, Almond, and Hemp milks

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

Global Lactose Free Food Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global Lactose free food market is highly dominated by Europe followed by North America. The U.S. registered for a higher consumption of lactose free food and it will be the major revenue contributor in the North American region. Furthermore, increasing demand for Lactose free food in convenience food category and rising awareness about the benefits of lactose-free products among consumers in developing countries such as India, China Japan, and Brazil are likely to boost the growth of the Lactose free food market during the forecast period.

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