Pune, India, February 05, 2019 -- /360iResearch/ -- The report "Global Lactose-Reduced & Lactose-Free Dairy Products Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 16,493.42 million in 2017 and is projected to reach USD 29,971.76 million by 2024, growing at a CAGR of 8.91% from 2017 to 2024.
The major forces driving the growth of the lactose-reduced & lactose-free dairy products market include the increasing consumption of dairy products and increase in self-diagnosed cases of lactose intolerance in the us and europe. Moreover, introduction of low-cost lactose-free dairy products for the health-conscious population is also one of the factors that is driving the market growth. However alternative dairy products are not much popular among consumers, and inability to match the taste of milk rich dairy products may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing demand from emerging markets in china, argentina, mexico, saudi arabia and hungary, and increasing demand for lactose-free baby food due to premium positioning as special infant formula. The possible challenges for the market growth is inadequate food labeling misleading consumers. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on form, the global lactose-reduced & lactose-free dairy products market is studied across Liquid, Powder, and Semi-Solid. Based on product, the global lactose-reduced & lactose-free dairy products market is studied across Butter & Cheese, Dietary Supplements, Flavoured Milk, Ice-cream, Infant Formula, Milk, and Yogurt. Based on source, the global lactose-reduced & lactose-free dairy products market is studied across Conventional, and Organic. Based on distribution channel, the global lactose-reduced & lactose-free dairy products market is studied across Offline Mode, and Online Mode. Based on geography, the global lactose-reduced & lactose-free dairy products market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the lactose-reduced & lactose-free dairy products market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Arctic Zero, Arla Foods, Dairy Management Inc., Dean Foods, Fairlife L.L.C., Green Valley Creamery, Lifeway Foods Inc., McNeil Nutritionals, LLC, Murray Goulburn Co-Operative, Nestle S.A., Shamrock Foods Company, The Danone Company Inc., and Valio International.
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