The Lactose Free Foods Market will Reach US$5.85bn in 2014, According to a New Study on ASDReports

Thursday 21 August 2014, Amsterdam

A new report, now available on ASDReports, predicts that the world market for lactose-free foods will reach $5.85bn in 2014. This market assessment and others forecasts appear in Lactose-Free Foods Market Forecast 2014-2024: Prospects for Leading Companies in the ‘Free From’ Market.

The world market for the Lactose-Free Foods will reach $5.85bn in 2014. There are a number of reasons why the lactose-free foods market has exploded in North America and Western Europe, but a major driving force has been the increased media coverage and public awareness of lactose and dairy intolerances and various allergies. The lactose-free sector has also been recently pushed into the mainstream market by popular books, television shows, and celebrity endorsements.

Elena Rigney, Food Industry Analyst observes: “The global Lactose-Free Foods market is quite unique in that for core consumers, these foods are not an optional "lifestyle" choice, like purchasing organic or low-fat foods, for example, but are a virtual necessity in order to prevent adverse reactions that occur with varying levels of severity.”

According to industry experts, lactose intolerance affects around 75% of the global population. More specifically, recent studies by the World Health Organization (WHO) indicate a higher-than-expected international prevalence of lactose intolerance among the population. The growing incidences of such particular food intolerance around the world are a major indicator of lactose free foods market's long-term sustainability.

Analysts have looked at the Lactose-Free Foods market and identified the main driving forces, as well as focused on barriers in development and implementation of new innovative and patented lactose removal techniques and methods, alongside other  various improvements taking place within the Lactose-Free Foods market.

Also, the performance of Lactose-Free Foods submarkets by main food types are discussed, as well as examined from different perspectives, such as: economic, legal, technological and social.

The new report identified many opportunities and strengths within the current Lactose-Free Foods market, such as the fact that this market remains open to new technological advances, is defined by the legislative framework that dictates the strict rules and regulations when it comes to food safety, especially in the developed world.

The 117 page report contains 76 tables, charts and graphs that add visual analysis in order to explain developing trends within the Lactose-Free Foods market. The new report provides forecasts for the period 2014-2024 in terms of value sales (US$). Analysts describe the Global Lactose-Free Foods Market by the global value sales of its final, end food produce. In addition, 7 regional Lactose-Free Foods markets are forecast and analysed over the period 2014-2024 which are further subdivided into 7 submarkets providing 49 discrete market spaces to exploit. Submarket forecasts from 2014-2024 are divided into – Dairy, Bakery, Ice Cream, Ready Meals, Desserts, Sauces and Other. These submarkets are further subdivided into 7 submarkets providing 49 discrete market areas to analyse. The report also provides profiles of 14 companies operating within the Lactose-Free Foods market.

The Lactose-Free Foods Market Forecast 2014-2024: Prospects for Companies in the ‘Free From’ Market report will be of value to current and future potential investors into the global Lactose-Free Foods, “Free-From” and other food processing industries, as well as companies and research centres who wish to broaden their knowledge of the Lactose-Free Foods market.