Dublin, July 05, 2023 (GLOBE NEWSWIRE) -- The "Lactose-Free Infant Formula Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global lactose-free infant formula market experienced robust growth from $14.91 billion in 2022 to $16.66 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%, is projected to expand further and reach $25.45 billion by 2027, growing at a CAGR of 11.2%.
Key Players and Market Coverage:
The lactose-free infant formula market features prominent players, including:
- 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
- Nurture Inc.
Reasons to Purchase:
- Gain a comprehensive global perspective with an in-depth report covering 50+ geographies.
- Understand the impact of COVID-19 on the market and its response as the virus's effects diminish.
- Assess the direct and indirect effects of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and the market.
- Measure the influence of high global inflation on market growth.
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- Identify lucrative growth segments for investment opportunities.
- Gain a competitive advantage using forecast data, market drivers, and emerging trends.
- Stay updated on customer preferences with the latest market shares.
- Benchmark performance against key competitors.
- Utilize reliable, high-quality data and analysis to support internal and external presentations.
The lactose-free infant formula market primarily consists of sales of skimmed milk and plant-based soy protein. These formulas are designed for infants with lactose intolerance, providing a suitable alternative for babies experiencing difficulty digesting lactose naturally present in breast and cow's milk.
Lactose intolerance can lead to health problems such as gas, stomach rumbling, cramping, bloating, and diarrhea. Lactose-free infant formula addresses these concerns and fulfills the nutritional requirements of lactose-intolerant infants.
Geographically, Western Europe dominated the lactose-free infant formula market in 2022. The market report encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Market Segments:
- Milk infant formula: Made from cow's milk, resembling breast milk.
- Non-milk infant formula: Plant-based soy protein formula.
- Indications segment: Includes starting formula, specialized formula, and follow-on formula based on the baby's age.
- Application types: Premature infants, babies with galactosemia, infants with cow's milk protein allergies, and other specific applications.
- Distribution channels: Supermarkets or hypermarkets, specialty stores, online retail stores, and other distribution channels.
The market's growth is propelled by the increasing prevalence of lactose intolerance. Inability to fully digest lactose in milk can lead to health issues such as bloating, gas, and diarrhea, necessitating the use of lactose-free infant formula for proper nutrition.
Furthermore, product innovation plays a crucial role in the lactose-free infant formula market. Companies are continually introducing new and improved versions of their products, driving market growth and meeting evolving consumer demands.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $16.66 billion |
| Forecasted Market Value (USD) by 2027 | $25.45 billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Lactose-Free Infant Formula Market Characteristics
3. Lactose-Free Infant Formula Market Trends And Strategies
4. Lactose-Free Infant Formula Market - Macro Economic Scenario
4.1 COVID-19 Impact On Lactose-Free Infant Formula Market
4.2 Ukraine-Russia War Impact On Lactose-Free Infant Formula Market
4.3 Impact Of High Inflation On Lactose-Free Infant Formula Market
5. Lactose-Free Infant Formula Market Size And Growth
5.1. Global Lactose-Free Infant Formula Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Lactose-Free Infant Formula Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Lactose-Free Infant Formula Market Segmentation
6.1. Global Lactose-Free Infant Formula Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Milk Infant Formula
- Non-Milk Infant Formula
6.2. Global Lactose-Free Infant Formula Market, Segmentation By Indications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Starting Formula
- Specialized Formula
- Follow-On Formula
6.3. Global Lactose-Free Infant Formula Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Premature
- Babies With galactosemia
- Infants With Cows Milk Protein Allergies
- Other Applications
6.4. Global Lactose-Free Infant Formula Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Supermarkets/Hypermarkets
- Specialist Stores
- Online Retail Stores
- Other Distribution Channels
7. Lactose-Free Infant Formula Market Regional And Country Analysis
7.1. Global Lactose-Free Infant Formula Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Lactose-Free Infant Formula Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/6iwn23
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