Lactose-free Infant Formula - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Lactose-free Infant Formula Market is accounted for $13.39 billion in 2019 and is expected to reach $34.62 billion by 2027 growing at a CAGR of 12.6% during the forecast period. Increasing technological developments in the domain and growing disposable income of consumers are the major factors propelling the market growth. However, lack of awareness in the developing economies is hampering the market growth.
Lactose-Free Infant Formula is a milk powder with lactose removed, which is appropriate for feeding during children's diarrhea. Lactose-free infant formula is manufactured for those infants who cannot naturally create an enzyme which helps in the digestion of lactose. It frequently leads to abdominal bloating, cramps, and diarrhea amongst infants.
Based on the distribution channels, the supermarkets and hypermarkets segment is going to have a lucrative growth during the forecast period due to the accessibility of an extensive range of options as well as the ability to scan the product details before any purchase. The layout of the supermarket and promotional campaigns by leading brands has also improved the sales volume in the supermarkets and hypermarkets segment.
By geography, Europe is going to have a lucrative growth during the forecast period due to the existence of a large lactose intolerant population in the region. About 80% of the base powder for infant formula in Europe is made in Ireland. The milk marketed as ‘lactose-free’ in the region has the lactose substituted by glucose syrups and milk for particular medical purposes which should be used under medical supervision.
Some of the key players profiled in the Lactose-free Infant Formula Market include Abbott Laboratories Co, Bristol-Myers Squibb, Dana Dairy Group, Danone SA, Earth's Best, Gerber, Hero Group, HIPP, Mead Johnson, Nestle SA, Nurture Inc, Perrigo Nutritionals, Reckitt Benckiser Group PLC, and Vermont Organics.
• Non-milk Infant Formula
• Milk Infant Formula
• Lactose-Free Infant Formula
• Starting Formula
• Specialized Formula
• Follow-on Formula
Distribution Channels Covered:
• Traditional Grocery
• Supermarkets & Hypermarkets
• Specialty Stores
• Modern Trade
• Indirect (B2C)
• Direct (B2B)
• Convenience Stores
• Infants with Cow's Milk Protein Allergies
• Babies with Galactosemia
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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