Lactose-Free Dairy Products Market to Raise Income Levels to USD 21.5 Billion By 2030 Global lactose-free dairy products market is growing continually. Market growth attributes to the rising prevalence of lactose intolerance disorder worldwide. The lack of lactase triggers the inability to absorb lactose or lactose malabsorption, leading to symptoms of lactose intolerance, including diarrhea and bloating. Besides, the rising popularity of plant-based dairy worldwide drives market growth. Moreover, the growing consumption of lactose-free dairy products in food and beverage industries accelerates market growth. Market Research Future (MRFR), in its recent COVID-19 analysis, asserts that the global lactose-free dairy products market is estimated to reach USD 21.59 BN by 2030. While assessing COVID-19 impact on various industries, MRFR mentions that the global lactose-free dairy products market would register around 6.17% CAGR during the forecast period (2023 -2030). Pervasively rising lactose intolerance disorder among people boosts the growth of the market predominantly. The lactose-free dairy products market size continues to grow as consumers seek dairy alternatives that cater to lactose intolerance and dietary preferences. Additionally, increasing health-conscious populaces and rising consumer inclination towards vegan diets creates enormous market demand. Furthermore, advances in manufacturing technologies are anticipated to foster the growth of the market. Increased shelf life of alternative dairy products compared to traditional dairy products is a crucial factor in increasing consumer preferences. Besides, substantial R&D investments drive market growth exponentially. Availability of convenient packaging and the expansion of distribution channels such as eCommerce platforms drive market sales further. Increasing consumption of frozen desserts like lactose-free yogurts and ice creams fuels the growth of the market. On the other hand, the availability of various counterfeited, low-cost products is a key factor projected to impede the market growth. Nevertheless, increasing consumer inclination towards vegan diets would support the growth of the market throughout the review period, creating enormous market demand. Also, increasing consumption of lactose-free dairy in the burgeoning food industry, including bakery and confectionaries, provides impetus to the growth of the market. Global Lactose-Free Dairy Products Market - Segments The report is segmented into four dynamics; By Product Type : Milk, Yogurt, Ice Cream, and others. By Category : Organic and Conventional. By Distribution Channel : Store Based, Supermarket & Hypermarket, Convenience Stores, Non-Store Based, and others. By Regions : Americas, Europe, Asia Pacific, and Rest of the World. Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6434 Global Lactose-Free Dairy Products Market - Geographical Analysis North America dominates the global lactose-free dairy products market. The largest market share attributes to the increasing lactose intolerance occurrences among demographics. Besides, the presence of a large number of industry players and availability of innovative lactose-free dairy product lines in the region drive market growth. Moreover, increasing consumer inclination for a vegan diet and the rising popularity of plant-based milk is propelling the growth of the regional market. Europe stands second in the global lactose-free dairy products market. The region witnesses a rise in dairy alternative products consumers. Market growth is majorly driven by augmented demand for health drinks made with plant-based dairy products and increased exports of lesser calories drinks. Besides, advances in derivation technologies and the rising prevalence of lactose intolerance among demographics are estimated to increase the size of the regional market. The lactose-free dairy products market in Asia Pacific is growing rapidly. Lactose malabsorption that leads to lactose intolerance symptoms such as diarrhea and bloating is widespread in Asia. Furthermore, increasing consumption of lactose-free dairy and plant-based dairy products and changing consumer preference, drive the regional market growth. Global Lactose-Free Dairy Products Market - Competitive Analysis Highly competitive, the lactose-free dairy products market appears fragmented due to the presence of several well-established players. To gain a larger competitive lactose-free dairy products market share, industry players initiate strategies such as mergers & acquisitions, expansions, and innovations/ product launch. They make substantial R&D investments to drive product development activities and improve their existing portfolio. Investments assigned for expansion plans are used to acquire or form partnerships with promising companies from emerging markets. To expand footprint, they are also looking to E-commerce, where they can not only sell their products but can also create awareness among consumers. Major Players Players leading the global lactose-free dairy products market include McNeil Nutritionals, LLC (US), Green Valley Creamery (US), Valio International (Finland), Arla Foods a.m.b.a (Denmark), Alpro (Belgium), Cabot Creamery Cooperative (US), The Danone Company Inc. (France), Saputo Dairy Products (Canda), Dean Foods (US), Granarolo Group (Italy), Smith Dairy Products Co.(US), Hiland Dairy (US), General Mills Inc. (US), Nestle SA (Switzerland), and Mondelez International (US), among others. Industry/ Innovation/ Related News: June 17, 2020 ---- Koita Foods (UAE), announced its plans to enter Asian markets with its lactose-free and plant-based dairy products. The company targets Asia’s large lactose intolerant population with its range of lactose-free and plant-based dairy products. Koita Foods will enter in South Korea and Singapore through e-commerce first, followed by retail. In August 2020 would launch its lactose-free (dairy) products alongside its organic cow’s milk (dairy) and plant-based (non-dairy) products. The company is also planning to enter US markets soon. In addition to new market expansion, Koita Foods has recently launched new products, including an organic coconut beverage and lactose-free whole fat milk. An almond and oat blend beverage is also in the pipeline. Browse related reports: Vitamin and Mineral Supplements Market Research Report Information By Type (Vitamin, Mineral, and Blends), By End-User (Men, Women, and Unisex), By Distribution Channel (Non-Store-Based And Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032 Immunity Boosting Food Products Market Research Report Information By Product Type (Herbs & Spices, Nuts & Seeds, Fruits & Vegetables, Dairy-Based Products, Probiotics & Prebiotics), By Distribution Channel (Store-Based, Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030 NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. 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Vitamins & Minerals Supplements Market anticipated to grow at CAGR of 6.57% by 2030 Vitamins & Minerals Supplement Market Size was valued at USD 51.36 billion in 2022. The Vitamins & Minerals Supplement Market Industry is projected to grow from USD 54.39 billion in 2023 to USD 84.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.57 % during the forecast period (2023 - 2030) Vitamin & Mineral Supplements Market Outlook Malnutrition, from the perspective of the World Health Organization, is one of the major problems facing world health. The system of young infants must be continuously infused with vital nutrients and vitamins to tackle this issue. This served as the foundation for the market for nutritional and vitamin supplements, according to the industry expert Dietary supplements are crucial in the modern world to fight malnutrition that is a problem that fat and overweight people also experience because of their poor eating habits. Vitamin and nutritional supplements can be acquired over the counter without a prescription and are widely available. As a result, people are ordering items to meet their nutritional objectives, which are propelling the market for nutrition and vitamin supplements. However, one major factor restricting the expansion of the Vitamin mineral supplements market research is interruptions in supply chains for the manufacture of supplements. The COVID-19 outbreak resulted in resource restrictions, an increase in remote work and personal distance, the shutdown of companies, and other economic activity. From production to global trade, the entire chain of supply was impacted. Vitamin & Mineral Supplements Market Share is anticipated to reach USD 84.90 Billion by 2030, registering a CAGR of 6.57% during 2023-2030. Market segmentation The global Vitamin mineral supplements market is divided into three categories based on application: medicines, food & beverages, and others. The pharmaceutical sector consumes more mineral supplements than food and drink. In the end-user segments, adult women will continue to exceed adult men, senior persons, and other groups. Numerous middle-aged women's health and weight-related issues are to blame for the segment's increase among adult women. Regional classification The global Vitamin mineral supplements market report is divided into four major geographic regions based on geographic analysis: North America, Asia Pacific, Europe, and the rest of the world. While it is anticipated that North America will continue to have the biggest market for mineral supplements, Asia-Pacific is expected to have the quickest rate of growth. Even though the Asia-Pacific market is price-sensitive and unstable, manufacturers of mineral supplements are rapidly taking advantage of the region's many undiscovered prospects. During the projection period, Europe will be a significant market for nutritional supplements and mineral supplements alike. Prominent Key Vitamin mineral supplements Market players in the vitamin & mineral supplements market research include Bayer AG (Germany), Glanbia Plc (Ireland), Abbott (US), Pfizer, Inc (US), Amway Corp (US), GSK Plc. (UK), Herbalife International of America, Inc. (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Nature's Way Brands (US), Nature's Bounty (US), Global Calcium PVT LTD (India), Lehmann&Voss&Co. (Germany), ZINPRO CORP. (US), Novotech Nutraceuticals, Inc. (US), America Alimentos SA de CV (Mexico), and Jost Chemical Co. (US) Industry news The Asociacion Mexicana de Bancos de Alimentos ("BAMX"), a nonprofit organization committed to addressing the requirements of individuals who are experiencing food shortages in Mexico through community-based food distribution, and Herbalife Nutrition and The Herbalife Nutrition Foundation have entered into a new partnership as of May 2021. Abbott declared in October 2021 that it has signed a contract to become the Real Madrid Football Club's Health Sciences and Nutrition Partner and Global Partner of the Real Madrid Foundation, a group established by the club to spread the ideals associated with the sport to kids all over the world. To create a global consumer firm, Pfizer and GlaxoSmithKline (UK) entered into a joint venture in December 2018. The combined business would offer respiratory, digestive, skin, and dental health medications as well as other vitamin and mineral supplements. Read More : https://www.marketresearchfuture.com/reports/vitamin-mineral-supplements-market-8816 Contact Us: Market Research Future (Wantstats Research 및 Media Private Limited), 99 Hudson Street,5Th Floor, New York, NY 10013, United States +1 646 845 9312 Email: Sales@marketresearchfuture.com Browse Related Reports: Hydrolyzed Vegetable Protein Market Research Report Information By Form (Dry Powder, Liquid, and Paste), By Application (Food & Beverages, Personal Care Products, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032 Isoglucose Market Research Report Information By Type (HFCS-42, HFCS-55), By Distribution Channel (Online and Offline), By Application (Food and Beverages), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2030

Vitamin & Mineral Supplements Market Size is anticipated to reach USD 84.90 Billion by 2030, registering a CAGR of 6.57% during 2023-2030. Vitamin & Mineral Supplements Market Outlook The Vitamins & Minerals Supplement Market Size was valued at USD 51.36 billion in 2022. The Vitamins & Minerals Supplement Market Industry is projected to grow from USD 54.39 billion in 2023 to USD 84.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.57 % during the forecast period (2023 - 2030) Increased demand for vitamins in daily diets and an increase in the number of health-conscious customers are predicted to drive the market. The market is expected to grow in acceptance of mineral supplements to manage chronic ailments due to the high prevalence of chronic diseases such as cancer, osteoporosis, anaemia, and osteoporosis among the population. Key market participants are concentrating on creating innovative products and studying exotic ingredients in addition to the growing awareness of the advantages of mineral supplements. According to forecasts, the vitamin & mineral supplements size will grow to approximately USD 84.90 Billion by 2030. Click Here to Get Sample Premium Report: @ https://www.marketresearchfuture.com/sample_request/8816 Regional classification The global Vitamin mineral supplements market report is divided into four major geographic regions based on geographic analysis: North America, Asia Pacific, Europe, and the rest of the world. While it is anticipated that North America will continue to have the biggest market for mineral supplements, Asia-Pacific is expected to have the quickest rate of growth. Even though the Asia-Pacific market is price-sensitive and unstable, manufacturers of mineral supplements are rapidly taking advantage of the region's many undiscovered prospects. During the projection period, Europe will be a significant market for nutritional supplements and mineral supplements alike. Prominent Key Vitamin mineral supplements Market players in the Bayer AG (Germany), Glanbia Plc (Ireland), Abbott (US), Pfizer, Inc (US), Amway Corp (US), GSK Plc. (UK), Herbalife International of America, Inc. (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Nature's Way Brands (US), Nature's Bounty (US), Global Calcium PVT LTD (India), Lehmann&Voss&Co. (Germany), ZINPRO CORP. (US), Novotech Nutraceuticals, Inc. (US), America Alimentos SA de CV (Mexico), and Jost Chemical Co. (US) Market segmentation The global Vitamin mineral supplements market overviews is divided into three categories based on application: medicines, food & beverages, and others. The pharmaceutical sector consumes more mineral supplements than food and drink. In the end-user segments, adult women will continue to exceed adult men, senior persons, and other groups. Numerous middle-aged women's health and weight-related issues are to blame for the segment's increase among adult women. Industry news The Asociacion Mexicana de Bancos de Alimentos ("BAMX"), a nonprofit organization committed to addressing the requirements of individuals who are experiencing food shortages in Mexico through community-based food distribution, and Herbalife Nutrition and The Herbalife Nutrition Foundation have entered into a new partnership as of May 2021. Abbott declared in October 2021 that it has signed a contract to become the Real Madrid Football Club's Health Sciences and Nutrition Partner and Global Partner of the Real Madrid Foundation, a group established by the club to spread the ideals associated with the sport to kids all over the world. To create a global consumer firm, Pfizer, and GlaxoSmithKline (UK) entered into a joint venture in December 2018. The combined business would offer respiratory, digestive, skin, and dental health medications as well as other vitamin and mineral supplements. Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Report : https://www.marketresearchfuture.com/reports/vitamin-mineral-supplements-market-8816 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact us: Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK) Website: https://www.wantstats.com Email: Sales@marketresearchfuture.com Browse Related Reports: Dairy-Free Cream Cheese Market Research Report Information By Flavor Type (Flavored and Plain/Unflavored), Ingredients (Soy, Almond, Coconut, and Others), By Nature (Organic and Conventional), Demographic (Gen X, Gen Z, Millennials, and Baby Boomers), End User (Food Processing, Food Service, and Food Retail), Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Convenience Stores, and Online) And By Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast Till 2032 Food Spreads Market Research Report Information Product Type (Honey, Chocolate-based Spreads, Nut- and Seed-based Spreads, Fruit-based Spreads and Other Product Types), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores and Other Distribution Channels) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032