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.
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
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