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. Market Research
Future, a firm which specializes in market reports related to the Foods,
Beverages & Nutrition sector among others, recently forecasted in its
report “Global Lactose Free Foods Market Research Report- Forecast to 2023”
that the market will demonstrate an exceptional CAGR % while achieving good
growth rapidly in the forecast period.
Lactose
Free Food Market Share
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 drives the demand of
lactose free food.
Lactose free foods demand will grow at a progressive rate in
the developing nations as the emerging economies such as India, China and
Brazil have a lot of room for growth. There has been less of structural
rigidities and high rates of economic and demographic growth which has
indirectly contributed to the growth of lactose free food market.
Global Lactose-free Foods Market - Competitive
Analysis:
Lactose free food market offers huge growth opportunities for the industrial
players. The market is fragmented and marked by the presence of several large
and small-scale vendors. Market players are pouring in million dollars for
product innovation. Innovative premium products and strengthening product
portfolio remain the central focus of the companies. Companies extensively
invest on marketing activities including celebrity endorsement to leverage on
current market trends. Most of the industrial players are diversifying and augmenting
their capacities based on strategic product positioning and target audience.
Global Lactose-free Foods Market – Segments:
The 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.
Complete Report Details @ https://www.marketresearchfuture.com/reports/lactose-free-food-market-1602
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
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