Market Size of Lactose Free Milk Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.41 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lactose Free Milk Market Analysis
The lactose free milk market is projected to register a CAGR of 9.41% during the forecast period, 2022-2027.
The increasing prevalence of lactose intolerant population and growing demand for reduced added sugar or no added sugar products are expected to boost the sales of lactose-free milk across the globe. There's a strong demand for lactose free milk from developed countries as customers are shifting from conventional dairy to lactose-free dairy and other plant-based milk alternatives as a result of increased health concerns. According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactose intolerance. This, in turn, has increased the demand for lactose free milk across the globe.
On account of the growing prevalence of chronic and lifestyle diseases, consumers are becoming aware of the effects of the consumption of synthetic ingredients. As a result, there has been an increase in the demand for organic dairy products, which is, in turn, augmenting the growth of organic lactose-free milk globally.
