Global Lactose-Free Products Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Vikas Kumar
- December 18, 2021
- CONSUMER GOODS, NEWS
- Lactose-Free Products Market, Lactose-Free Products Market Growth, Lactose-Free Products Market news, Lactose-Free Products Market Report, Lactose-Free Products Market Share, Lactose-Free Products Market Size, Lactose-Free Products Market Trend
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The global Lactose-Free Products market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 9% during the forecast period (2021-2027).
Lactose is a milk sugar that is broken down by the enzyme lactase, which is found in the small intestine. Lactose intolerance is the reduced ability to digest milk sugars, due to insufficient amounts of the gut enzyme called lactase. Lactose intolerance is generally harmless, but its symptoms can cause extreme discomfort. Symptoms of lactose intolerance appear after consuming lactose or dairy and include Bloating, Abdominal cramps, Diarrhea, and Gas. As per The Centers for Disease Control and Prevention, Diarrhea kills 2,195 children every day, more than AIDS, malaria, and measles combined. Also, diarrheal diseases account for 1 in 9 child deaths worldwide, making diarrhea the second leading cause of death among children under the age of 5.
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As per the U.S. National Library of Medicine, approximately 65% of the human population has a reduced ability to digest lactose after infancy. Lactose intolerance in adulthood is most prevalent in people of East Asian descent, with 70 to 100% of people affected in these communities. Lactose intolerance is also very common in people of West African, Arab, Jewish, Greek, and Italian descent.
Also, as per Intermountain Healthcare, Estimates for lactose intolerance vary by ethnicity. African American and Asian ethnicities see a 75% – 95% lactose intolerance rate, while northern Europeans have a lower rate at 18% – 26% lactose intolerance.
Also, the COVID-19 pandemic accelerated the global Lactose-Free Products market. In 2020, Retailers have witnessed a sudden jump in consumer demand compared to 2019. Lactose-Free Products had gained acceptance much before the pandemic took over, but the demand skyrocketed globally after the lockdowns.
Based on the Type, the market is fragmented into Milk, Yogurt, Ice-cream, Confectionery Products, and Others. The milk segment grabbed the major market share and dominated the market. Moreover, the market of this segment would proliferate in the forthcoming year owing to the rise in milk consumption coupled with the surging lactose intolerance among consumers.
Based on the Distribution channel, the market is fragmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. The Supermarket/ hypermarket segment grabbed the leading market share and dominated the market. As per a report by Nielsen, On a value basis, supermarkets and hypermarkets account for just over half (51%) of global sales. The total number of supermarkets in the United States increased from 38,015 in 2015 to 38,307 in 2018
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Additionally, the report provides detailed initiatives that are being taken in the field of lactose-free products. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of the rising disposable income coupled with the promulgating awareness about the daily nutrition among end-users.
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Global Lactose-Free Products Market Segmentation
Market Insight, by Type
- Confectionery products
Market Insight, by Form
- No added sugar/ Reduced sugar claims
- Reduced lactose
Market Insight, by Category
Market Insight, by Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Johnson & Johnson
- The Coca-Cola Company
- Danone Company S.A.
- Gujarat Cooperative Milk Marketing Federation (Gcmmf)
- Valio Ltd
- General Mills, Inc.
- Lifeway Foods, Inc.
- Lala U.S., Inc.
- Smithfoods, Inc.