The lactose intolerance treatment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lactose Intolerance Treatment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lactose intolerance treatment market size has grown strongly in recent years. It will grow from $30.52 billion in 2023 to $32.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased awareness, changing dietary patterns, global rise in lactose intolerance cases, growing healthcare infrastructure, consumer preferences for natural and alternative products, government investments.
The lactose intolerance treatment market size is expected to see strong growth in the next few years. It will grow to $43.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to continued research and development, increasing incidence rates, personalized medicine approaches, rising healthcare expenditure, globalization of dietary habits, patient-centric healthcare. Major trends in the forecast period include rising demand for dairy alternatives, technological advancements in diagnostic tools, development of enzyme supplements, nutraceuticals and functional foods, global awareness and education initiatives, expansion in emerging markets.
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Scope Of Lactose Intolerance Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lactose Intolerance Treatment Market Overview
Market Drivers –
The increasing incidences of small intestine diseases are expected to propel the growth of the lactose intolerance treatment market going forward. The small intestine disease affects the body’s digestive system and results in two conditions that are characterized by persistent gastrointestinal tract inflammation. Small intestine disorders are treated with lactose intolerance treatment. It contains lactose, which is broken down by the enzyme lactase into the simpler sugar glucose and galactose in the small intestine. For instance, in October 2022, according to a report by the United European Gastroenterology (UEG), an Austria-based non-profit organization, throughout Europe, more than 300 million people suffer from digestive illnesses. The cost of digestive diseases as a percentage of GDP was 0.12%, which translates to a potential cost of $20 billion in Europe in 2021, and the estimated cost of preventing productivity losses in 2019 was $11.4 billion. In the future, this will increase to $34.2 billion for 75% reductions. Therefore, increasing incidences of small intestine diseases are driving the growth of the lactose intolerance treatment market.
Market Trends –
Technological advancement is a key trend gaining popularity in the lactose intolerance treatment market. Major companies operating in lactose intolerance treatment market are focused on developing techological solutions to strengthen their position in the market. For instance, in July 2023, Nestlé, a Swiss multinational food and drink processing conglomerate corporation, has introduced a versatile and cost-effective sugar reduction technology that can be applied across different product categories, with benefits beyond sugar reduction. It can also be used to produce low lactose and skimmed milk-based products, while reducing total sugars.
The lactose intolerance treatment market covered in this report is segmented –
1) By Treatment: Food Supplements, Enzyme Lactase Supplements, Probiotics, Other Treatments
2) By Intolerance Type: Primary Lactose Intolerance, Secondary Lactose Intolerance, Congenital Lactose Intolerance, Developmental Lactose Intolerance
3) By Route of Administration: Oral, Injectable
4) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
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Regional Insights –
North America was the largest region in the lactose intolerance treatment market in 2023. The regions covered in the lactose intolerance treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the lactose intolerance treatment market report are Johnson & Johnson Services Inc., Abbott Laboratories Inc., Macleods Pharmaceuticals Limited, Nature’s Way Brands LLC, Profarma, Ganeden Inc., Deerland Probiotics & Enzymes Inc., Novozymes A/S, Cargill Incorporated, Dean Foods Company, Lupin Pharmaceuticals Inc., Nestlé S.A., Alembic Pharmaceuticals Limited, Glenmark Pharmaceuticals Limited, Intas Pharmaceuticals Ltd., Jubilant Life Sciences Limited, Wockhardt Ltd., Alkem Laboratories Limited, Teva Pharmaceutical Industries Ltd., Mylan N.V., Dr. Reddy’s Laboratories Ltd., Torrent Pharmaceuticals Ltd., Amgen Inc., DuPont Nutrition & Biosciences Inc., Kerry Group plc, Koninklijke DSM N.V., Solvay S.A., Chr. Hansen Holding A/S, Bio-Cat Inc., Solgar Inc. .
Table of Contents
1. Executive Summary
2. Lactose Intolerance Treatment Market Report Structure
3. Lactose Intolerance Treatment Market Trends And Strategies
4. Lactose Intolerance Treatment Market – Macro Economic Scenario
5. Lactose Intolerance Treatment Market Size And Growth
…..
27. Lactose Intolerance Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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