Market Size of Global Lactose-free Infant Formula Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.80 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lactose Free Infant Formula Market Analysis
The global lactose-free infant formula market is projected to record a CAGR of 7.8% during the forecast period (2020-2025).
- The market is driven by the growing population of lactose intolerant newborns due to the newborn babies' inability to digest sugar elements is increasing over the years. The major end-user of these formulas also include premature babies with galactosemia, infants with cows milk protein allergies, and others. Thus, the growing need for a substitute product to meet the nutrition demand of the population is compelling companies to enter this market. These formulas are mostly made from cow's milk with the lactose removed. For fussy babies that suffer from colic and possibly a mild lactose intolerance, there are several brands of lactose-free formulas that have had all the milk sugar removed and replaced with a vegetable sugar (such as corn syrup).
- In terms of distribution channel, the supermarkets and hypermarkets category dominated the lactose-free infant formula market, accounting for the largest share of the global revenue, owing to the consumers prefer this category to purchase their products due to the availability of a wide range of options as well as the facility of scanning the product details before any purchase. Also the layout of the supermarket and promotional campaigns by leading brands have also increased the sales volume in the supermarkets and hypermarkets segment.
- Companies are expanding their product line with innovative products to meet the consumer demand. For instance, Abbott brand Isomil offers a soy based lactose free infant formula with high nutritional benefits as the product consists of enhanced with EyeQ Plus, with higher lutein and DHA to help with the brain and eye development.
Lactose Free Infant Formula Industry Segmentation
The global lactose-free infant formula market is segmented by type into organic & conventional; and by distribution channels into supermarkets & hypermarkets, convenience stores, online stores, and others. Also, the study provides an analysis of the lactose-free infant formula market in the emerging and established markets across the globe, including North America, Europe, South America, Asia Pacific, and the Middle East and Africa.
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| Organic | |
| Conventional |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Stores | |
| Others |
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Global Lactose-free Infant Formula Market Size Summary
The global lactose-free infant formula market is experiencing significant growth, driven by an increasing number of lactose intolerant newborns and the need for suitable nutritional substitutes. This market caters to various segments, including premature babies with galactosemia and infants with cow's milk protein allergies. The formulas are primarily derived from cow's milk with lactose removed, and alternatives with vegetable sugars are available for infants with mild lactose intolerance. Supermarkets and hypermarkets dominate the distribution channels, offering a wide range of options and convenient shopping experiences, which contribute to their substantial market share. Companies are innovating their product lines to meet consumer demands, with brands like Abbott offering soy-based formulas enriched with nutrients for brain and eye development.
Europe is anticipated to witness robust growth in the lactose-free infant formula market, largely due to its significant lactose intolerant population. The region's market is supported by local production, particularly in Ireland, and the availability of specialized medical milk products. Prominent players in Europe include Dana Dairy Group, Johnson & Johnson Consumer Inc., Danone Nutricia Early Life Nutrition, and Nestle. The market is characterized by fragmentation, with numerous regional and domestic players. Companies are focusing on strategic mergers, expansions, acquisitions, and partnerships to enhance their market presence. Key players such as Nestle SA, Abbott Laboratories Co., and Danone SA are leading the market, leveraging these strategies to maintain their competitive edge.
Global Lactose-free Infant Formula Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Organic
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2.1.2 Conventional
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Stores
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2.2.4 Others
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 Russia
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2.3.2.4 France
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2.3.2.5 Spain
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 Australia
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2.3.3.4 India
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2.3.3.5 Rest of Asia Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Global Lactose-free Infant Formula Market Size FAQs
What is the current Global Lactose-free Infant Formula Market size?
The Global Lactose-free Infant Formula Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in Global Lactose-free Infant Formula Market?
Nestle SA, Abbott Laboratories Co. , Dana Dairy Group, Danone SA and Reckitt Benckiser Group PLC are the major companies operating in the Global Lactose-free Infant Formula Market.
