The Business Research Company's lactose-free infant formula market research report expands on key drivers, trends, and growth opportunities in the market.
LONDON, July 5, 2022 /PRNewswire/ -- Western Europe was the largest region in the lactose-free infant formula market in 2021. The regions covered in the global lactose-free infant formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global lactose-free infant formula market size is expected to grow from $13.34 billion in 2021 to $14.79 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global lactose-free infant formula market size is expected to grow to $22.34 billion in 2026 at a CAGR of 10.9%.
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Lactose-Free Infant Formula Market Segmentation
The lactose-free infant formula market consists of sales of lactose-free infant formula products by entities (organizations, sole traders, and partnerships) that are used for infants with lactose intolerance. This report covers the market:
- By Type: Milk Infant Formula, Non-Milk Infant Formula
- By Indication: Starting Formula, Specialized Formula, Follow-On Formula
- By Application: Premature, Babies with Galactosemia, Infants with Cow Milk Protein Allergies, Others
- By Distribution Channel: Supermarkets/Hypermarkets, Specialist Stores, Online Retail Stores, Others
Lactose-Free Infant Formula Industry Drivers
The rising incidences of lactose intolerance are expected to propel lactose-free infant formula market growth. Lactose intolerance occurs when people cannot fully digest the lactose present in the milk leading to various health problems such as bloating, gas, and diarrhea. Lactose intolerant infants are required to take lactose-free infant formula to fulfill their nutrition requirements. For instance, 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 were suffering from milk intolerance. Therefore, the rising incidence of lactose intolerance among infants is driving the lactose-free infant formula market.
Lactose-Free Infant Formula Competitive Landscape
Major players in the lactose-free infant formula market are Nestle S.A, Valio Ltd, Danone S.A, Abbott, Silverson, Gimme the Good Stuff, Mead Johnson & Company LLC, Gerber, HiPP International, Vermont Organics, Perrigo Company plc, Earth's Best, Nutricia, Dana Dairy Group, and Nurture Inc.
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