Lactose-free to increase globally
According to a recently published report by Future Market Insights, “Lactose-Free Dairy Products Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the global lactose-free dairy products market is estimated to be valued at US$10.6 billion (€8.6bn) by 2017 end and is forecast to be valued at US$17.8 billion (€14.5bn) by 2027 end.
Sales revenue is expected to increase at a CAGR of 5.3% during the forecast period 2017-2027. The rise in organic food and beverage consumption is driving the lactose-free dairy products market, and improving global economics is also triggering preference for premium products such as lactose-free dairy products.
An increasing global urban population is expected to drive the lactose-free milk and other lactose free dairy products market forward, and a high lactose intolerant population in certain regions is also expected to create good potential for lactose-free dairy products.