Lactose-free Infant Formula Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Lactose-free Infant Formula Market by region.
Global Lactose-free Infant Formula Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029.
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Lactose-free Infant Formula is a baby food meant for infants which is usually made from milk that has been restrained to remove lactose and replace it with another form of sugar or plant-based product. The Lactose-free Infant Formula market is expanding because of factors such as the growing population of lactose-intolerant newborns. This market is dominated by Nestle SA, Abbott Laboratories Co., Danone SA, and Reckitt Benckiser Group plc.
The growing population of lactose-intolerant infants has encouraged plant-based infant formula. Infants who are lactose intolerant may not be able to fully digest the lactose in milk, which can lead to health problems such as bloating, stomach rumbling, cramps, gas, and diarrhoea. A study by the American College of Gastroenterology concluded that 85% of adult African Americans in the United States. People are becoming more lactose intolerant and inheriting the gene that causes this problem inability to digest the lactose content. Intolerance can be inherited by birth due to the gene of the either parent. It can be due to both parents are lactose tolerant. For this reason babies require special formulas containing different types of digestible sugars, such as sucrose (found in table sugar). As well as According to an article published by The Times of India, an Indian daily newspaper and digital news media, as of May 2020, 60% of Indians suffer from dairy intolerance which is expected to propel the growth of this market. Therefore, the increasing incidence of lactose intolerance in young children is driving the lactose-free infant formula market. In addition, the growing need for a substitute of this product may create further opportunity for this market in the forthcoming year. However, the problem in digestion and formula contamination causing health problem stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Lactose-free Infant Formula Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing lactose intolerant people. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising in lactose intolerant infants and the active support of government and nonprofit organizations in the market space to promote lactose-free infant formula. For instance, according to the National Library of Medicine in the United States, about 65.0% of the population is lactose intolerant. The condition is most common in Finland, where it affects one of the newborns in an estimated 60,000 people, and that number is increasing at a substantial rate.
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Major market players included in this report are:
- Reckitt Benckiser Group PLC
- Abbott Laboratories Co.
- GIMME THE GOOD STUFF
- Silverson Inc
- Nestle SA
- Apta Advice
- Danone SA
- Nutricia
- Valio Oy Ltd
- Nurture, Inc.
Recent Developments in the Market:
In October 2022, Else Nutrition Holdings Inc. recently released an innovative plant-based, soy-free formula that provides a clean alternative solution to dairy-based formulas in China. An international expansion-stage food and nutrition company focused on developing innovative, clean, plant-based food and nutrition products for people.
In July 2022, Danone launches a newly developed dairy and plant blend weaning formula for parents seeking feeding options suitable for a vegetarian, flexible, plant-based diet while meeting their baby’s specific nutritional needs.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Organic
Conventional
By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Lactose-free Infant Formula Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Lactose-free Infant Formula market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Lactose-free Infant Formula market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Lactose-free Infant Formula market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Lactose-free Infant Formula Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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