Lactose intolerance is a problem in adults unable to digest foods consisting of lactose. Lactose free foods contain dairy alternatives such as almond milk and others which can be found at supermarkets. High sales of these foods are an indicator of its bright potential. The global lactose free food market report by Market Research Future (MRFR) comprises drivers, trends, and opportunities for the period of 2022 to 2030 (forecast period).
How big is Lactose Free Food Market?
Lactose Free Food Market Size is anticipated to reach USD 15.09 Billion by 2030, registering a CAGR of 7.5% during 2022-2030
Market Scope
The global lactose free food market is expected to display a stellar growth rate during the forecast period owing to a rise in lactose intolerance cases. Awareness of these foods and its consumption due to lifestyle changes can drive market growth. Availability of these products at neighbourhood stores and retail chain outlets is an indicator of the reach of the market. Social media campaigns are also likely to influence consumers due to the consumption of news from smartphones and portable devices.
Introduction of lactose free ice creams and infant food are trends which can encourage market growth. The large birth rates globally can influence market demand greatly. For instance, Brayers has introduced two new flavours of ice-cream, namely vanilla-free ice cream and chocolate-free ice cream.
The market can face a challenge in the form of these products being expensive to customers in developing economies.
Competitive Outlook
Barry Callebaut, General Mills Inc., Dean Foods, Daiya Foods, Arla Foods, Galaxy Nutritional Foods Inc., WhiteWave Foods, Amy's Kitchen, Fonterra Co-operative Group Limited, and Land O'Lakes, Inc. are major players of the global lactose free food market. Rapid technological changes and product differentiation are two strategies being implemented by players to stay ahead of the competition.
Segmentation
The global lactose free foods market is segmented into type and source.
By type, it is segmented into desserts, fats, milk, bread, soups & sauces, and others. The milk segment is expected to capture a major share of the global lactose free foods market during the forecast period. However, the bread segment can expand at a high pace in the near future.
By source, the market is segmented into almond, soy, coconut, rice, and hemp milk. The soy segment is anticipated to hold a large global lactose free foods market share. This can be credited to soy which is protein-rich and calcium. Low price of soy milk compared to its counterparts can drive its growth in the coming years. However, the almond milk segment is projected to expand at a high pace during the forecast period.
Regional Analysis
The global lactose free foods market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe accounted for 50% share of the global lactose free foods market in 2018. It can dominate the global market till the end of the forecast period owing to cases of lactose intolerance among consumers. Rise of veganism among the public and demand of dairy-free foods can influence the market presence greatly in the region. Germany is one of the biggest contributors of the region.
North America accounted for 30% market share in 2018. Concerns over animals and environments are likely to spike the production of lactose-free foods in the region. Clean labeling trends and high demand for organic foods can bode well for the market. The market can see growth due to establishment of vegan cafes and restaurants. On the other hand, APAC is deemed to exhibit the highest growth rate during the forecast period. Easy digestibility of these foods as well as the large vegetarian populace is attractive factors which can lead to investments from leading market players.
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