Press release
Lactose-Free Infant Formula Market Growth, Trends, Size, Share And Forecast 2033
Lactose-Free Infant Formula Market
The lactose-free infant formula market size is expected to see rapid growth in the next few years. It will grow to $28.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to growing global awareness of lactose intolerance, market expansion in emerging economies, rising adoption of specialty formulas, research advancements in infant nutrition, increasing healthcare accessibility. Major trends in the forecast period include development of hydrolyzed protein formulas, integration of probiotics for gut health, formulation of plant-based and non-dairy options, emphasis on organic and clean label formulas, supplementation with dha and ara for development.
Market Overview -
Lactose-free infant formula 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.
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Rising Incidence Of Lactose Intolerance Fuels Growth In 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, in July 2022, according to reports from Encyclopædia Britannica Inc., a UK-based publishing company, lactose intolerance affected approximately 65% of the adult human population in 2022. Therefore, the rising incidence of lactose intolerance among infants is driving the lactose-free infant formula market.
Competitive Landscape -
Major companies operating in the lactose-free infant formula market include Nestle S.A, Valio Ltd., Danone S.A, Abbott Laboratories, Silverson Machines Holdings Ltd., Gimme the Good Stuff, Mead Johnson & Company LLC, Gerber Product Co., HiPP International, Vermont Organics LLC, Perrigo Company plc, Earth's Best Inc., Nutricia Ltd., Dana Dairy Group, Nurture Inc., Kraft Heinz Company, Hain Celestial Group Inc., Honest Company Inc., Nature's One Inc., Ausnutria Dairy Corporation Ltd., Synutra International Inc., Beingmate Baby & Child Food Co. Ltd., Yili Industrial Group Company Limited, Feihe International Inc., Biostime International Holdings Limited, Wissun International Group Co. Ltd., Otsuka Holdings Co. Ltd., Morinaga Milk Industry Co. Ltd., Yakult Honsha Co. Ltd., FrieslandCampina NV
Danone Introduces Innovative Dairy & Plants Blend Formula To Meet Parental Preferences For Plant-Based Infant Nutrition
Major companies operating in the lactose-free infant formula market are focusing on innovative products, such as plant-based infant formula to meet parents' desire for more plant-based foods for their babies. Plant-based infant formula is a type of baby formula that is made from non-animal sources, such as plants, grains, and seeds. For instance, in July 2022, Danone S.A., a France-based food company, launched a new baby formula called Dairy & Plants Blend, which is a mix of dairy and plant-based ingredients. It offers parents a plant-based option that is also nutritionally complete and easy to digest. This gives parents more choice in how they feed their babies. Moreover, it is easy to digest, contains 60% plant protein and 40% dairy protein, and is available in two stages.
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Key Segments -
The lactose-free infant formula market covered in this report is segmented -
1) By Type: Milk Infant Formula, Non-Milk Infant Formula
2) By Indications: Starting Formula, Specialized Formula, Follow-On Formula
3) By Application: Premature, Babies With galactosemia, Infants With Cows Milk Protein Allergies, Other Applications
4) By Distribution Channel: Supermarkets/Hypermarkets, Specialist Stores, Online Retail Stores, Other Distribution Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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