January 27, 2021
According to the research report titled ‘Global Lactose Free Dairy Ingredients Market Analysis, 2020’ available with Market Study Report, global lactose free dairy ingredients market is reckoned to expand with a stellar compound annual growth rate of 8% during the analysis timeframe of 2021-2026.
As cited by seasoned experts, growing awareness regarding digestive wellness, rising disposable income, and shifting consumer preference for organic food and beverages are positively swaying the global lactose free dairy ingredients market dynamics.
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For the record, lactose is a form of sugar which is typically found in milk and milk products. Lactose free ingredients refer to those products that do not have any lactose content in them.
The report states that increasing per capita spending on lactose-free dairy products, growing efforts of industry partakers towards introducing dairy-free products such as yogurt, milk, and ice-cream, and escalating demand for low added sugar as well as no added sugar products are further stimulating the overall market outlook.
With regards to distribution channel, the business is divided into retail channels, and direct sales, among which the former segment is predicted to record the highest yearly growth rate over the forecast period. Introduction of new products via retail channel and the availability of a wide range of items are emerging as lucrative opportunities for the growth of the segment.
Based on product terrain, global lactose free dairy ingredients market sphere is bifurcated into ice cream, cheese, yogurt, and milk among others.
From a regional frame of reference, the overall market is fragmented into Asia-Pacific, Europe, Middle East & Africa, South America, and North America.
Established organizations that influence the worldwide lactose free dairy ingredients industry trends include Alpura, Nestle SA, Prairie Farms Dairy, Grupo Lala, Saputo Inc., Danone SA, Dairy Farmers of America Inc., Lactalis Group, Parmalat S.p.A., Groupe Sodiaal SA, and Organic Valley.