Pune, India -- (SBWIRE) -- 12/05/2018 -- Market scenario:

Lactose intolerance is caused by a deficiency of lactase enzymes in the body, and the issue is often accompanied by undesirable symptoms such as abdominal cramps, bloating, diarrhea, gas, and others. Lactose is a sugar which is commonly available in dairy; lactose intolerant consumers often have to resort to treatments to manage lactose intolerance. The condition is incurable and can only be managed. As a result, the lactose intolerance treatment market is likely to witness significant growth as patients need ongoing treatment. Market Research Future's meticulous study on the global lactose intolerance treatment market includes several crucial market findings including growth rate and market values. The global lactose intolerance treatment market is on track to witness growth at a CAGR of 7.2% during the assessment period from 2017 to 2023 which will result in a market value of USD 9.8 Bn by the end of the review period.

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Lactose intolerance can be caused by a natural reduction in lactase production in the body, or as a side effect of other gastrointestinal conditions. The condition can also be hereditary. Several F&B companies have been tapping into the treatment market by creating dairy-free alternatives. These companies cater to both vegan consumer bases and lactose intolerance consumer bases. The nutritional value associated with consumption of dairy substitutes and the growing demand for the same as lactose intolerance prevails has resulted in the launch of several creative non-dairy products. Ranging from non-dairy cheese to non-dairy yogurt and milk, lactose intolerant consumers have many options with which to treat lactose intolerance. The increasing affordability of lactose-free food and increasing sales are expected to provide the market with a considerable boost.

Symptoms of lactose intolerance are non-serious and are often viewed as an inconvenience. As a result, many people simply ignore the symptoms, thus restraining market growth. Rising awareness regarding lactose intolerance and an increasing focus on health is expected to mitigate this to some extent and result in opportunities for growth.

Market Segmentation

MRFR's analysis of the market structure of the global lactose intolerance treatment market has been done via segmentation on the basis of type, treatment, end-users, and region. Types of lactose intolerance include primary, secondary, developmental, and congenital.

Treatments of lactose intolerance that are available include enzymatic lactase supplements, food supplements, and others. Food supplements are further divided to include dairy substitutes, cereals, bread, fats, and others. Dairy substitutes have been sub-segmented into soy, rice, coconut, almond, and others.

End-users of lactose intolerance remedies and management include hospitals & clinics, home use, and others.

Key geographies analyzed in MRFR's report include Middle East & Africa, Asia Pacific, Europe, and North America.

Regional Analysis

North America leads market growth and is the most dominant share in the global lactose intolerance market. The region has favorable reimbursement policies, and there is a high awareness regarding lactose intolerance in the region. The presence of leading market players who are putting out innovative lactose-free products is also driving market growth. The Asia Pacific market has been observed to have a high potential for growth during the upcoming review period. Rising awareness regarding lactose intolerance and a high demand for treatment of the same is expected to drive the region's growth.

Key Players

Profiles and growth strategies of leading market participants have been included in MRFR's competitive analysis. Market players include Scimera Partners, Parmalat, National Enzyme Company, Vetbiochem India Private Limited, Arla Foods, Valio, Daiya Foods Inc., Oberland-Milchverwertung (OMIRA), Johnson & Johnson Inc., McNeil Nutritionals, Ganeden Biotech and others.

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Detailed Table of Contents:

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions & Limitations

1.2.2.1 Assumptions

1.2.2.2 Limitations

1.3 Market Structure:

2 Research Methodology

2.1 Research Process:

2.2 Primary Research

2.3 Secondary Research:

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porters Five Forces Model

4.2 Bargaining Power Of Suppliers

4.3 Bargaining Power Of Buyers

4.4 Threat Of New Entrants

4.5 Threat Of Substitutes

4.6 Intensity Of Rivalry

5 Global Lactose Intolerance Treatment Market, By Type

5.1 Primary

5.2 Secondary

5.3 Developmental

5.4 Congenital

...Continued

Latest Industry News

Start-up Perfect Day is collaborating with Archer Daniels Midland to crease lactose-free whey which is plant-based.
 

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