Lactose-free Cheese Market to Grow at CAGR of around 7% to 8% during the forecast period 2022-2032
The United States'' lactose-free cheese brands specifically target allergy sufferers. Twenty years ago, Americans with allergies or intolerances, such as lactose intolerance, were the primary target market for American businesses. Expectations were low and the flavour of plant-based dairy substitutes was distinctive. NEWARK, DE | ACCESSWIRE | September 29, 2022 | According to FMI, the global lactose-free cheese market size is expected to reach a valuation of US$ 676.3 Mn by the end of 2022. The market is set to accelerate at a CAGR of 8.4% during 2022-2032. It is anticipated to be valued at US$ 1,515.1 Mn in 2032. FMI further states that around 35% of the global population was lactose intolerant, and 28% had dairy sensitivity or allergy in 2020. These figures are expected to grow at a fast pace in the evaluation period. It is further projected to result in consumers opting for lactose-free, dairy-free, and plant-based food products, including plant-based protein. This has boosted the demand and consumption of lactose-free cheese around the globe.
Lactose-free Cheese Market to Grow at CAGR of around 7% to 8% during the forecast period 2022-2032
The United States'' lactose-free cheese brands specifically target allergy sufferers. Twenty years ago, Americans with allergies or intolerances, such as lactose intolerance, were the primary target market for American businesses. Expectations were low and the flavour of plant-based dairy substitutes was distinctive. NEWARK, DE | ACCESSWIRE | September 29, 2022 | According to FMI, the global lactose-free cheese market size is expected to reach a valuation of US$ 676.3 Mn by the end of 2022. The market is set to accelerate at a CAGR of 8.4% during 2022-2032. It is anticipated to be valued at US$ 1,515.1 Mn in 2032. FMI further states that around 35% of the global population was lactose intolerant, and 28% had dairy sensitivity or allergy in 2020. These figures are expected to grow at a fast pace in the evaluation period. It is further projected to result in consumers opting for lactose-free, dairy-free, and plant-based food products, including plant-based protein. This has boosted the demand and consumption of lactose-free cheese around the globe.