MarkNtel Advisors has just released a comprehensive research report on the Middle East Lactose-Free Food Market. Tailored to provide valuable insights and assistance to clients navigating this dynamic market, our report addresses the key objectives of predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners. By adopting a meticulous approach, we aim to empower our clients with the information needed to make informed decisions, enabling them to thrive in the ever-evolving landscape of the Middle East Lactose-Free Food industry.
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The Middle East Lactose-Free Food Market is projected to grow at a CAGR of around 6.76% during the forecast period, i.e., 2023-28. Numerous factors backing the market growth have been comprehensively analyzed in the research report, making it feasible for clients to put their best leg forward and ensure they get an edge over competitors. We understand how important data is in this modern world, which is why we have meticulously curated data sheets for each segment of the market.
The Middle East Lactose-Free Food market is highly robust and fragmented. Citing this, we have segregated the market into numerous segments, such as
By Type
-Milk
-Bread
-Soups and Sauces
-Desserts
-Others (Yoghurts, Cheese, Non-Dairy Products, etc.)
By Source
-Soy
-Rice
-Coconut
-Almond
-Hemp Milk
-Oat Milk
-Others (Hazelnut milk, Cashew milk, etc.)
By Nature
-Organic
-Inorganic
By Distribution Channel
-Retail Offline
-Grocery Retailers
-Convenience Stores
-Supermarkets
-Hypermarkets
-Non-Grocery Retailers
-Retail E-Commerce
By Country
-The UAE
-Saudi Arabia
-Qatar
-Egypt
-Turkey
-Rest of Middle East.
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These segments are further subdivided into various sub-segments. It is done to identify the sub-segment that is more promising and has the highest market share in order to leverage the maximum profit. Knowing beforehand the lucrative segment of the market would make the client stand out in terms of revenue and sales.
Considering the significance of mergers and partnerships for Middle East Lactose-Free Food businesses, our analysts have effectively identified and evaluated potential business partners in the Middle East Lactose-Free Food market report. As per the report, the key players in the market are
-Nestlé Middle East FZE
-The Danone Company Inc.
-Arla Foods
-Dean’s Food
-Shamrock Foods
-Kolita Foods
-McNeil Nutrionals
-Valio
-OMIRA Oberland-Milchverwertung (OMIRA)
-Parmalat
-Alpro
-Cabot Creamery
-Others (Galaxy Nutritional Foods, Green Valley Organics, etc.).
Our report delves deeper in an attempt to offer actionable insights into prospective partners’ reputability, reliability, and capabilities. Clients can make informed decisions regarding partnerships, ensuring their vision is in line with the partnering entities and fostering business objectives within the Middle East Lactose-Free Food market.
Taking into account the historical trends, market growth graph, consumer preferences, and other factors, the ascension of the Middle East Lactose-Free Food market is inevitable. The market for Middle East Lactose-Free Food seems opportunistic during the forecast years of 2023-28, backed by favorable regulations, making the market players thrive in the next five years.
Growth Opportunity: Expansion of Food Manufacturing Companies in the Middle East
The evolving consumer need based on the health & wellness trend has propelled food manufacturing companies to set up their manufacturing unit in regional countries. The majority of the countries adhere to the zero taxation policy, which seems to be a lucrative offer, hence the food manufacturing units are being set up in the region.
Similarly, in 2022, the Change Foods Company unveiled its plans to open an animal-free dairy manufacturing plant in the UAE under the NextGen FDI initiative laid by the government of the UAE. These units would primarily upscale the production and thereby reduce the prices of these products. Owing to this, lactose-free food would become more accessible to the lower- & middle-class populations across the region. Hence, the expansion of the dairy manufacturing units would result in more consumer penetration, further amplifying the growth of the market in the forthcoming years.
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