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%.
What is the Global Lactose-Free Infant Formula Market?
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. Lactose-free infant formula is designed for babies having difficulty digesting lactose that naturally occurs in breast and cow’s milk. Infants with lactose intolerance may not completely digest the lactose in milk which can cause them health problems like gas, stomach rumbling, cramping, bloating, and diarrhea.
Get a Sample of the global lactose-free infant formula market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=6268&&type=smp
What drives the Global Lactose-Free Infant Formula Market?
The rising incidences of lactose intolerance are expected to propel the growth of the lactose-free infant formula market. 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.
Get the full global lactose-free infant formula industry report here
https://www.thebusinessresearchcompany.com/report/lactose-free-infant-formula-global-market-report
Global Lactose-Free Infant Formula Market Segments
The global lactose-free infant formula market is segmented:
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 Cows Milk Protein Allergies, Others
By Distribution Channel: Supermarkets/Hypermarkets, Specialist Stores, Online Retail Stores, Others
By Geography: The regions covered in the lactose-free infant formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Lactose-Free Infant Formula Global Market Report 2022provides market size and growth forecasts for the global lactose-free infant formula market, global lactose-free infant formula market share, lactose-free infant formula market segments and geographies, lactose-free infant formula market competitive landscape including leading competitors’ revenues, profiles and market shares. The lactose-free infant formula market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Lactose-Free Infant Formula Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
