Lactose Intolerance Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Lactose Intolerance Market is segmented By Product Type (Lactose-free Dairy Products, Lactase Supplements, Non-dairy Alternatives), By End User (Adult....
Lactose Intolerance Market Size
Market Size in USD
CAGR6.24%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.24% |
| Market Concentration | High |
| Major Players | Labcorp, Quest Diagnostics, Abbott Laboratories, Thermo Fisher Scientific Inc., Alfa Scientific Designs, Inc. |
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Lactose Intolerance Market Analysis
The Global Lactose Intolerance Market is estimated to be valued at USD 10.83 Bn in 2024 and is expected to reach USD 16.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.24% from 2024 to 2031.
The market is expected to witness significant growth during the forecast period. The rising awareness regarding lactose intolerance and increasing consumption of lactose-free food products are major factors expected to drive the growth of this market. According to recent studies, about 75% of the global population has a reduced ability to digest lactose after infancy. Also, due to growing health concerns and changing dietary preferences, the demand for dairy and bakery alternatives are gaining widespread popularity globally. Most of the leading food companies have launched new lactose-free products catering to this large consumer base which is further supplementing the market growth. However, high prices of premium lactose-free products compared to regular food items may hamper the market expansion to some extent over the forecast period.