Lactose-Free Products Market Shows Remarkable Growth Amidst Rising Demand for Dairy Alternatives
Bengaluru, July – The global lactose-free products market is expected to experience significant growth in the coming years, according to a new market research report published by IHR Insights. The report, titled “Lactose-Free Products Market By Type (Milk, Plain, Flavored, Yogurt, Set, Other Milk Types, Drinking/ Ambient, Regular, Other Yogurt Types, Probiotic, Cheese, Hard, Cheddar, Cottage, Soft, Other Cheese Types, Confectionery Products, Ice Cream And Other Types), Form (Lactose-Free, No Added Sugar Products/ Reduced Sugar Claims And Reduced Lactose Products), Category (Organic And Inorganic) And Geography (North America, Europe, APAC And RoW)-Forecast Up To 2028,” highlights the key factors driving the growth of the market and provides insights into the current market trends.
One of the major factors driving the growth of the lactose-free products market is the increasing prevalence of lactose intolerance. According to the National Institutes of Health, approximately 65% of the world’s population has a reduced ability to digest lactose after infancy. This has led to a growing demand for lactose-free products among consumers who are unable to consume regular dairy products.
Moreover, the rising awareness about the health benefits of lactose-free products is also fueling market growth. Lactose-free products are known to be easier to digest, promote gut health, and reduce symptoms such as bloating and abdominal pain in individuals with lactose intolerance. This has resulted in an increased adoption of lactose-free products among health-conscious consumers.
The report also highlights the growing trend of veganism and plant-based diets, which is expected to drive the demand for lactose-free alternatives to dairy products. With the increasing number of individuals opting for a vegan lifestyle, there is a growing demand for dairy-free products, including lactose-free milk, cheese, and yogurt.
Furthermore, the availability of a wide range of lactose-free products in different categories such as milk, cheese, yogurt, ice cream, and others is also contributing to market growth. Manufacturers are constantly launching new and innovative lactose-free products to cater to the diverse needs and preferences of consumers.
However, the high cost of lactose-free products compared to regular dairy products may hinder market growth to some extent. Additionally, the lack of awareness about lactose intolerance and the availability of alternative products may also pose a challenge for market growth.
Nevertheless, the increasing investments in research and development activities by key players in the market are expected to create lucrative opportunities for market growth. The development of new and advanced lactose-free products with improved taste and texture is expected to further boost market growth.
In terms of regional analysis, North America is expected to dominate the lactose-free products market owing to the high prevalence of lactose intolerance in the region. The Asia Pacific region is also expected to witness significant growth in the coming years due to the growing awareness about lactose intolerance and the increasing adoption of lactose-free products in countries like China and India.
Some of the key players operating in the global lactose-free products market include BASF SE, AshlandLLC, Dow Corning Corporation, Wacker Chemie AG, Air Product and Chemicals Inc., Kemira OYJ, HiMedia Laboratories Pvt. Ltd., Ecolab Onc., Evonik Industries Ag, and Elementis Plc.., among others.
Overall, the lactose-free products market is expected to witness steady growth in the coming years, driven by factors such as increasing prevalence of lactose intolerance, rising health consciousness among consumers, and growing demand for plant-based alternatives to dairy products.
Read More from our Global Lactose-Free Products Market report.
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