The Global Lactose Intolerance TreatmentMarket report analyze developments which are competitive in nature considering all factors the market for lactose intolerance treatment is expected to reach $ 9.4 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 7.2 % during 2017-2023.
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The lactose intolerance treatment market is chiefly driven by rise in awareness and greater screening rates in the world and especially in the developed regions of North America and Europe. The exact number of people with lactose intolerance is unknown but it is estimated that about 65% of the global population suffers from lactate intolerance. It is also estimated that lactate intolerance rates vary from less than 10% in Northern Europe to as high as 95% in parts of Asia and Africa. Lactose intolerance can also be managed by consuming live yogurt cultures containing lactobacilli and other milk fermentation products which explains why many people, though genetically lactose intolerant, are able to tolerate large quantities of milk. Plant-based milks such as soy milk, rice milk, coconut milk, oat milk, etc. are inherently lactose-free. Low-lactose or lactose-free versions of foods supplements are used for those patients who have high lactose intolerance. Patients with little or no lactase enzyme can be supplemented by artificially produced from microbes of genus Aspergillus. The enzyme, β-galactosidase, is used and is available over the counter in many countries.
Key Players for Global Lactose Intolerance Treatment Market: Key players profiled in the report are Johnson & Johnson Inc., National Enzyme Company, Vetbiochem India Private Limited, Scimera Partners, Ganeden Biotech, Daiya Foods Inc., Arla Foods, McNeil Nutritionals, Oberland-Milchverwertung (OMIRA), Parmalat, Valio and others.
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Lactose intolerance treatment Market” Research Report – Forecast to 2023.
Lactose Intolerance Treatment Market Regional Analysis: US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest region because of large unmet needs and is led by China and India. The Middle East and Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.
Major TOC for Lactose Intolerance Treatment Market:
Market factor analysis
Global Lactose Intolerance Treatment market, by type
Global Lactose Intolerance Treatment market, by treatment
Global Lactose Intolerance Treatment market, by end user
Global Lactose Intolerance Treatment market, by region
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The food supplements dominate the segment for treatment and are led by products such as Lactose free dairy products. Rising awareness and increasing health expenditures is a strong driver for the market for lactose intolerance treatment. Breast milk substitutes are another products which are used if breast feeding is not possible in infants with severe lactose intolerance. The breast milk substitutes products are fortified with dietary nutrients such as iron, vitamins etc. Vegetable products such as soy-based or rice-based infant milks are also available which is strengthening the market for lactose intolerance treatment.
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