[FURL=https://www.industryarc.com/Report/19633/lactose-free-dairy-products-market.html?utm_source=BriefingWire.com&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Lactose Free Dairy Products Market[/FURL] size is estimated to be $12.1 billion in 2020, growing at a CAGR of 8.1% during the forecast period 2021-2026. Lactose is a sugar that is present in milk and dairy products that is made from milk and milk derivatives. Lactose intolerance is a problem in which people are unable to fully digest milk leading to diarrhea, gas and bloating. Moreover, the percentage of people with impaired ability to digest lactose varies widely per country and per continent from 98-100% of adults in Southeast Asia to just 1% in the Netherland. Growing elderly population along with large number of people suffering from lactose-intolerance and the adoption of lactose-free dairy products is a vital factor contributing to its market growth. In addition, the consumption of dairy-free products including ice-cream, yoghurt and other in place of sugar products is also another vital factor contributing to its market growth. Moreover, lactose-free dairy is used to provide the essential nutrients present in regular dairy products such as calcium and vitamins. Hence, increasing awareness among consumers regarding the benefits associated with the consumption of lactose-free dairy products is a vital factor contributing to its market growth.Key Takeaways
Yoghurt segment held the largest market share in the year 2020 owing to the increasing health benefits associated with its consumption.
No-added Sugar segment held the largest market share in the year 2020 owing to the increasing health conscious population coupled with large number of people suffering from diabetes and obesity.
North America contributed to the largest market share of 44% in 2020 owing to the growing elderly population suffering from lactose intolerance in that region along with the increasing health conscious population.
Large pool of people of people suffering from lactose intolerance is a significant factor driving the Lactose Free Dairy Products Market during the forecast period 2021-2026.
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Lactose Free Dairy Products Market Drivers
Large Pool of People Suffering from Lactose Intolerance
Large pool of people suffering from lactose intolerance is a significant factor driving the Lactose Free Dairy Products Market during the forecast period 2021-2026.
Increasing Demand of No-Added Sugar Products
Increasing demand of no-added-sugar products owing to large number of people suffering from diabetes and obesity is a major driving the Lactose Free Dairy Products Market during the forecast period 2021-2026.
Lactose Free Dairy Products Market top 10 are Green Valley Creamery, McNeil Nutritional, Valio International, Alpro, Arla Foods amba, Cabot Creamery Cooperative, Saputo Dairy Products, The Danone Company Inc., Dean Foods and Smith Dairy Products.
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