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Lactose-Free Foods Market Forecast
2014-2024
Prospects for Companies in the ‘Free From’ Market
©notice
This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior
written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way
any of the material contained in this report. Each purchase and single copy is for personal use only.
www.visiongain.com
Contents
1. Report Overview
1.1 Global Lactose-Free Foods Market Overview
1.2 Global Lactose-Free Foods Market Segmentation
1.3 Market Definition
1.4 How This Report Delivers
1.5 Key Questions Answered by This Analytical Report Include
1.6 Why You Should Read This Report
1.7 Methodology
1.8 Frequently Asked Questions (FAQ)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2. Introduction to the Lactose-Free Foods Market
2.1 Definitions of Food Intolerance and Lactose Intolerance
2.1.1 Facts Behind the Lactose Intolerance
2.1.2 Difference in Degrees of Lactose Intolerance Globally
2.1.3 How Do Companies React to Growing Rates in Lactose Intolerance?
2.2 Lactose-Free Foods Market Technologies
2.2.1 Acid Hydrolysis
2.2.2 Membrane Reactor
2.2.3 Chromatographic Separation
2.3 Standards of Definition of Dairy-Free and Lactose-Free in the EU
3. Global Lactose-Free Foods Market 2014-2024
3.1 Global Lactose-Free Foods Market Forecast 2014-2024
3.2 Global Lactose-Free Foods Market Drivers & Restraints
3.2.1 Soy-based Options are the Strongest Categories Within the Lactose-Free Foods
4. Lactose-Free Foods Submarkets 2014-2024
4.1 Dairy Lactose-Free Foods Market Forecast 2014-2024
4.1.1 Dairy Lactose-Free Foods Market Analysis
4.1.2 Find out About Current Dairy Industry Trends in Western Europe
4.1.3 Fluid Milk Consumption Decline in North America Prompting Manufacturers to Seek
Alternatives
www.visiongain.com
Contents
4.1.4 Competition Remains the Key in Driving the Lactose-Free Dairy Market
4.2 Bakery Lactose-Free Foods Market Forecast 2014-2024
4.2.1 Bakery Lactose-Free Foods Market Analysis
4.2.2 Lactose-Free Baked Goods Represent Mostly Innovative Solutions in Western Regions
4.2.3 Biscuits and Cakes are the Main Categories Within this Submarket
4.3 Ice Cream Lactose-Free Foods Market Forecast 2014-2024
4.3.1 Ice Cream Lactose-Free Foods Market Analysis
4.3.2 What are the Major Trends Within the Ice Cream Lactose-Free Foods Market?
4.4 Ready Meals Lactose-Free Foods Market Forecast 2014-2024
4.4.1 Ready Meals Lactose-Free Foods Market Analysis
4.5 Desserts Lactose-Free Foods Market Forecast 2014-2024
4.5.1 Desserts Lactose-Free Foods Market Analyses
4.6 Sauces Lactose-Free Foods Market Forecast 2014-2024
4.6.1 Sauces Lactose-Free Foods Market Forecast 2014-2024
4.7 Other Lactose-Free Foods Market Forecast 2014-2024
4.7.1 Other Lactose-Free Foods Market Analyses
5. Regional Lactose-Free Foods Market Forecasts 2014-2024
5.1 Regional Lactose-Free Foods Markets Share Forecast 2014-2024
5.2 North American Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.2.1 North American Lactose-Free Foods Market & Submarket Analysis
5.3 Latin American Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.3.1 Latin American Lactose-Free Foods Market & Submarket Analysis
5.3.2 What is Currently Driving the Latin American Lactose-Free Foods Market?
5.3.3 What is Limiting the Lactose-Free Foods Market’s Performance in the Region?
5.3.4 What is the Largest Lactose-Free Foods Submarket in Latin America?
5.4 Western European Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.4.1 Western European Lactose-Free Foods Market & Submarket Analysis
5.4.2 How Does the Traditional Dairy Industry Perform in Western Europe?
5.4.3 How Do Celebrities’ Messages Affect the Local Lactose-Free Foods Market?
5.4.4 Private Label Lactose-Free Foods are Becoming Popular
5.4.5 Find out About the Technological Challenges in the Western European Lactose-Free
Foods Market
5.5 Eastern European Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.5.1 Eastern European Lactose-Free Foods Market & Submarket Analysis
5.6 MEA Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.6.1 MEA Lactose-Free Foods Market & Submarket Analysis
www.visiongain.com
Contents
5.6.2 Why Bakery is in the Lead Within the MEA Lactose-Free Foods Market?
5.6.3 What Category Will Drive Growth Within the MEA Lactose-Free Bakery Submarket?
5.7 Asia Pacific Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.7.1 Asia Pacific Lactose-Free Foods Market & Submarket Analysis
5.7.2 Lactose Intolerance Problem in the Asia Pacific Region
5.8 Oceania Lactose-Free Foods Market & Submarket Forecasts 2014-2024
5.8.1 Oceania Lactose-Free Foods Market & Submarket Analysis
6. SWOT Analysis of the Lactose-Free Foods Market 2014-2024
7. Key Trends in the Lactose-Free Foods Market
7.1 Health Fad is the Driving Factor Behind the Market Growth in the Western Regions
7.2 Negative Sensory Attributes of Lactose-Free Dairy Still a Concern
8. Leading Lactose-Free Foods Companies
8.1 Agropur
8.1.1 Agropur Revenue Forecast 2014-2024
8.1.2 Agropur Analysis
8.2 Alpro
8.2.1 Alpro Analysis
8.3 Arla Foods
8.3.1 Arla Foods Revenue Forecast 2014-2024
8.3.2 Arla Foods Analysis
8.4 Barry Callebaut
8.4.1 Barry Callebaut Revenue Forecast 2014-2024
8.4.2 Barry Callebaut Analysis
8.5 Cargill Inc
8.5.1 Cargill Inc Revenue Forecast 2014-2024
8.5.2 Cargill Inc Analysis
8.6 Chr. Hansen
8.6.1 Chr. Hansen Revenue Forecast 2014-2024
8.6.2 Chr. Hansen Analysis
8.7 Crowley Foods LLC
8.7.1 Crowley Foods LLC Analysis
8.8 Daiya Foods Inc.
www.visiongain.com
Contents
8.8.1 Daiya Foods Inc. Analysis
8.9 Edlong Dairy Technologies Overview
8.9.1 Edlong Dairy Technologies Analysis
8.10 Green Valley Organics Overview
8.10.1 Green Valley Organics Analysis
8.11 Kerry Group plc
8.11.1 Kerry Group plc Revenue Forecast 2014-2024
8.11.2 Kerry Group plc Analysis
8.12 McNeil Nutritionals, LLC
8.12.1 McNeil Nutritionals, LLC Analysis
8.13 Murray Goulburn
8.13.1 Murray Goulburn Revenue Forecast 2014-2024
8.13.2 Murray Goulburn Analysis
8.14 Sweet William
8.14.1 Sweet William Analysis
8.15 Other Leading Companies in the Lactose-Free Foods Market
9. Conclusions & Recommendations
9.1 Lactose-Free Foods Market Outlook
9.1.1 More and More Consumers See Health Benefits of Lactose-Free Foods
9.1.2 Lactose-Free Foods Market Performance Around the World
9.1.3 What Products Might Drive the Lactose-Free Foods Market?
Page 36www.visiongain.com
Lactose Free-Foods Market Forecast 2014-2024:
Prospects for Companies in the ‘Free From’ Market
4.2 Bakery Lactose-Free Foods Market Forecast 2014-2024
Table 4.3 Bakery Lactose-Free Foods Market Forecast by Regional Market 2014-2024
($bn, AGR %, CAGR %)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
NorthAmerica 0.28 0.29 0.30 0.31 0.32 0.34 0.35 0.37 0.38 0.40 0.41 0.43
AGR(%) 3.4 3.7 3.8 3.9 4.1 4.3 4.4 4.3 4.2 4.0 3.9
LatinAmerica 0.03 0.03 0.03 0.04 0.04 0.04 0.05 0.05 0.05 0.06 0.06 0.07
AGR(%) 7.0 7.3 7.5 7.6 7.7 7.8 7.9 8.0 8.0 8.1 8.3
WesternEurope 0.16 0.17 0.17 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.22
AGR(%) 3.5 3.3 3.2 3.1 3.0 2.9 2.7 2.5 2.5 2.2 2.1
EasternEurope 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09
AGR(%) 3.5 3.4 3.3 3.2 3.1 2.9 2.5 2.5 2.2 2.1 2.0
MEA 0.05 0.05 0.06 0.06 0.06 0.07 0.07 0.08 0.08 0.08 0.09 0.10
AGR(%) 5.6 5.7 6.1 6.3 6.3 6.5 6.2 6.1 5.9 5.8 5.7
AsiaPacific 0.05 0.05 0.06 0.06 0.07 0.07 0.08 0.09 0.09 0.10 0.11 0.12
AGR(%) 7.9 8.0 8.0 8.1 8.3 8.4 8.2 8.1 7.9 7.7 7.7
Oceania 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06
AGR(%) 3.5 3.9 4.1 4.5 4.3 4.1 3.7 3.5 3.3 3.2 3.1
Total 0.68 0.71 0.74 0.77 0.80 0.84 0.88 0.92 0.96 1.00 1.04 1.08
AGR(%) 4.1 4.2 4.3 4.4 4.5 4.6 4.5 4.4 4.3 4.2 4.1
2019-2024CAGR(%)2014-2019 4.4 4.3
CAGR(%)2014-2024 4.3
Source: Visiongain 2014
Page 92www.visiongain.com
Lactose Free-Foods Market Forecast 2014-2024:
Prospects for Companies in the ‘Free From’ Market
8.4 Barry Callebaut
Total company revenue $bn,
2013
$5.5bn
Headquarters Zurich, Switzerland
IR Contact investorrelations@barry-callebaut.com
Website www.Barry-Callebaut.com
8.4.1Barry Callebaut Revenue Forecast 2014-2024
Table 8.7 Barry Callebaut Revenue Forecast 2014-2024 ($bn, AGR %, CAGR %)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Sales $bn 5.5 5.8 6.1 6.4 6.7 7.0 7.3 7.6 7.9 8.1 8.5 8.9
AGR(%) 5.5 5.2 4.9 4.7 4.5 4.3 4.1 3.9 2.5 4.9 4.7
CAGR(%) 2014-19 2019-24
CAGR(%) 2014-24
4.7 4.0
4.4
Figure 8.3 Barry Callebaut Revenue Forecast 2014-2024 ($bn, AGR%)
0
1
2
3
4
5
6
0
1
2
3
4
5
6
7
8
9
10
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
AGR%
Sales$bn
Year Sales $bn AGR (%)
Source: Barry Callebaut 2013, Visiongain 2014
Table 8.6 Barry Callebaut Overview 2014 (Total Revenue, HQ, IR Contact, Website)
Source: Visiongain 2014
Source: Visiongain 2014
Page 97www.visiongain.com
Lactose Free-Foods Market Forecast 2014-2024:
Prospects for Companies in the ‘Free From’ Market
8.6.2 Chr. Hansen Analysis
Chr Hansen Holding A/S is a Denmark-based bioscience company that develops natural ingredient
solutions for the food, nutritional, pharmaceutical and agricultural industries. The Company’s
business is divided into three divisions, such as:
• Cultures & Enzymes
• Health & Nutrition
• Natural Colours
The Cultures & Enzymes division develops and produces cultures, enzymes and probiotics for the
food industry in general and the dairy industry in particular. The Health & Nutrition division
develops, produces and sells products for the dietary supplement, infant formula and animal feed
industries.
The Natural Colours division develops and supplies natural colour solutions to the food and
beverage industry, in particular the confectionery, ice cream, dairy and fruit preparation segments.
The Company was founded in 1874 and now operates in more than 30 countries in Europe, North
and South America, as well as Asia Pacific, Middle East and Africa, with 2.500 employees
worldwide.
Cultures and Enzymes division offers a strong portfolio with a wide selection of dairy enzymes for
milk coagulation, lactose degradation and bio protection, as well as enzymes targeting yield,
flavour enhancement and increased whey value.
One of the strongest offerings includes a product called HA-LACTASE™ that is used to treat dairy
produce, where afterwards the treated products may be consumed by people suffering from
lactose intolerance. Ha-Lactase™ products are Kosher, Halal and Vegetarian certified.
An additional advantage of HA-LACTASE™ is that it increases sweetness without the addition of
sugar or artificial sweeteners. The reduced lactose content and increased sweetness help dairies
produce healthier milk-based products for a wider consumer base worldwide.
In 2013, Chr Hansen achieved revenue sales of $1.0bn and visiongain predicts these will exhibit a
CAGR of 6.7% over 2014-2024. In 2019, the sales are expected to be worth $1.6bn and there will
be a CAGR of 7.8% from 2014-2019. There will then be a CAGR of 5.6% from 2019-2024 and this
will culminate in value sales of $2.1bn in 2024. The forecasts are mainly supported by company’s
strong market positions in the fields of product innovation and applications, production processes,
long-term customer relationships and intellectual property.

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Lactose Free Foods Market Forecast 2014-2024

  • 1. Lactose-Free Foods Market Forecast 2014-2024 Prospects for Companies in the ‘Free From’ Market ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
  • 2. www.visiongain.com Contents 1. Report Overview 1.1 Global Lactose-Free Foods Market Overview 1.2 Global Lactose-Free Foods Market Segmentation 1.3 Market Definition 1.4 How This Report Delivers 1.5 Key Questions Answered by This Analytical Report Include 1.6 Why You Should Read This Report 1.7 Methodology 1.8 Frequently Asked Questions (FAQ) 1.9 Associated Visiongain Reports 1.10 About Visiongain 2. Introduction to the Lactose-Free Foods Market 2.1 Definitions of Food Intolerance and Lactose Intolerance 2.1.1 Facts Behind the Lactose Intolerance 2.1.2 Difference in Degrees of Lactose Intolerance Globally 2.1.3 How Do Companies React to Growing Rates in Lactose Intolerance? 2.2 Lactose-Free Foods Market Technologies 2.2.1 Acid Hydrolysis 2.2.2 Membrane Reactor 2.2.3 Chromatographic Separation 2.3 Standards of Definition of Dairy-Free and Lactose-Free in the EU 3. Global Lactose-Free Foods Market 2014-2024 3.1 Global Lactose-Free Foods Market Forecast 2014-2024 3.2 Global Lactose-Free Foods Market Drivers & Restraints 3.2.1 Soy-based Options are the Strongest Categories Within the Lactose-Free Foods 4. Lactose-Free Foods Submarkets 2014-2024 4.1 Dairy Lactose-Free Foods Market Forecast 2014-2024 4.1.1 Dairy Lactose-Free Foods Market Analysis 4.1.2 Find out About Current Dairy Industry Trends in Western Europe 4.1.3 Fluid Milk Consumption Decline in North America Prompting Manufacturers to Seek Alternatives
  • 3. www.visiongain.com Contents 4.1.4 Competition Remains the Key in Driving the Lactose-Free Dairy Market 4.2 Bakery Lactose-Free Foods Market Forecast 2014-2024 4.2.1 Bakery Lactose-Free Foods Market Analysis 4.2.2 Lactose-Free Baked Goods Represent Mostly Innovative Solutions in Western Regions 4.2.3 Biscuits and Cakes are the Main Categories Within this Submarket 4.3 Ice Cream Lactose-Free Foods Market Forecast 2014-2024 4.3.1 Ice Cream Lactose-Free Foods Market Analysis 4.3.2 What are the Major Trends Within the Ice Cream Lactose-Free Foods Market? 4.4 Ready Meals Lactose-Free Foods Market Forecast 2014-2024 4.4.1 Ready Meals Lactose-Free Foods Market Analysis 4.5 Desserts Lactose-Free Foods Market Forecast 2014-2024 4.5.1 Desserts Lactose-Free Foods Market Analyses 4.6 Sauces Lactose-Free Foods Market Forecast 2014-2024 4.6.1 Sauces Lactose-Free Foods Market Forecast 2014-2024 4.7 Other Lactose-Free Foods Market Forecast 2014-2024 4.7.1 Other Lactose-Free Foods Market Analyses 5. Regional Lactose-Free Foods Market Forecasts 2014-2024 5.1 Regional Lactose-Free Foods Markets Share Forecast 2014-2024 5.2 North American Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.2.1 North American Lactose-Free Foods Market & Submarket Analysis 5.3 Latin American Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.3.1 Latin American Lactose-Free Foods Market & Submarket Analysis 5.3.2 What is Currently Driving the Latin American Lactose-Free Foods Market? 5.3.3 What is Limiting the Lactose-Free Foods Market’s Performance in the Region? 5.3.4 What is the Largest Lactose-Free Foods Submarket in Latin America? 5.4 Western European Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.4.1 Western European Lactose-Free Foods Market & Submarket Analysis 5.4.2 How Does the Traditional Dairy Industry Perform in Western Europe? 5.4.3 How Do Celebrities’ Messages Affect the Local Lactose-Free Foods Market? 5.4.4 Private Label Lactose-Free Foods are Becoming Popular 5.4.5 Find out About the Technological Challenges in the Western European Lactose-Free Foods Market 5.5 Eastern European Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.5.1 Eastern European Lactose-Free Foods Market & Submarket Analysis 5.6 MEA Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.6.1 MEA Lactose-Free Foods Market & Submarket Analysis
  • 4. www.visiongain.com Contents 5.6.2 Why Bakery is in the Lead Within the MEA Lactose-Free Foods Market? 5.6.3 What Category Will Drive Growth Within the MEA Lactose-Free Bakery Submarket? 5.7 Asia Pacific Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.7.1 Asia Pacific Lactose-Free Foods Market & Submarket Analysis 5.7.2 Lactose Intolerance Problem in the Asia Pacific Region 5.8 Oceania Lactose-Free Foods Market & Submarket Forecasts 2014-2024 5.8.1 Oceania Lactose-Free Foods Market & Submarket Analysis 6. SWOT Analysis of the Lactose-Free Foods Market 2014-2024 7. Key Trends in the Lactose-Free Foods Market 7.1 Health Fad is the Driving Factor Behind the Market Growth in the Western Regions 7.2 Negative Sensory Attributes of Lactose-Free Dairy Still a Concern 8. Leading Lactose-Free Foods Companies 8.1 Agropur 8.1.1 Agropur Revenue Forecast 2014-2024 8.1.2 Agropur Analysis 8.2 Alpro 8.2.1 Alpro Analysis 8.3 Arla Foods 8.3.1 Arla Foods Revenue Forecast 2014-2024 8.3.2 Arla Foods Analysis 8.4 Barry Callebaut 8.4.1 Barry Callebaut Revenue Forecast 2014-2024 8.4.2 Barry Callebaut Analysis 8.5 Cargill Inc 8.5.1 Cargill Inc Revenue Forecast 2014-2024 8.5.2 Cargill Inc Analysis 8.6 Chr. Hansen 8.6.1 Chr. Hansen Revenue Forecast 2014-2024 8.6.2 Chr. Hansen Analysis 8.7 Crowley Foods LLC 8.7.1 Crowley Foods LLC Analysis 8.8 Daiya Foods Inc.
  • 5. www.visiongain.com Contents 8.8.1 Daiya Foods Inc. Analysis 8.9 Edlong Dairy Technologies Overview 8.9.1 Edlong Dairy Technologies Analysis 8.10 Green Valley Organics Overview 8.10.1 Green Valley Organics Analysis 8.11 Kerry Group plc 8.11.1 Kerry Group plc Revenue Forecast 2014-2024 8.11.2 Kerry Group plc Analysis 8.12 McNeil Nutritionals, LLC 8.12.1 McNeil Nutritionals, LLC Analysis 8.13 Murray Goulburn 8.13.1 Murray Goulburn Revenue Forecast 2014-2024 8.13.2 Murray Goulburn Analysis 8.14 Sweet William 8.14.1 Sweet William Analysis 8.15 Other Leading Companies in the Lactose-Free Foods Market 9. Conclusions & Recommendations 9.1 Lactose-Free Foods Market Outlook 9.1.1 More and More Consumers See Health Benefits of Lactose-Free Foods 9.1.2 Lactose-Free Foods Market Performance Around the World 9.1.3 What Products Might Drive the Lactose-Free Foods Market?
  • 6. Page 36www.visiongain.com Lactose Free-Foods Market Forecast 2014-2024: Prospects for Companies in the ‘Free From’ Market 4.2 Bakery Lactose-Free Foods Market Forecast 2014-2024 Table 4.3 Bakery Lactose-Free Foods Market Forecast by Regional Market 2014-2024 ($bn, AGR %, CAGR %) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 NorthAmerica 0.28 0.29 0.30 0.31 0.32 0.34 0.35 0.37 0.38 0.40 0.41 0.43 AGR(%) 3.4 3.7 3.8 3.9 4.1 4.3 4.4 4.3 4.2 4.0 3.9 LatinAmerica 0.03 0.03 0.03 0.04 0.04 0.04 0.05 0.05 0.05 0.06 0.06 0.07 AGR(%) 7.0 7.3 7.5 7.6 7.7 7.8 7.9 8.0 8.0 8.1 8.3 WesternEurope 0.16 0.17 0.17 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.22 AGR(%) 3.5 3.3 3.2 3.1 3.0 2.9 2.7 2.5 2.5 2.2 2.1 EasternEurope 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09 AGR(%) 3.5 3.4 3.3 3.2 3.1 2.9 2.5 2.5 2.2 2.1 2.0 MEA 0.05 0.05 0.06 0.06 0.06 0.07 0.07 0.08 0.08 0.08 0.09 0.10 AGR(%) 5.6 5.7 6.1 6.3 6.3 6.5 6.2 6.1 5.9 5.8 5.7 AsiaPacific 0.05 0.05 0.06 0.06 0.07 0.07 0.08 0.09 0.09 0.10 0.11 0.12 AGR(%) 7.9 8.0 8.0 8.1 8.3 8.4 8.2 8.1 7.9 7.7 7.7 Oceania 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 AGR(%) 3.5 3.9 4.1 4.5 4.3 4.1 3.7 3.5 3.3 3.2 3.1 Total 0.68 0.71 0.74 0.77 0.80 0.84 0.88 0.92 0.96 1.00 1.04 1.08 AGR(%) 4.1 4.2 4.3 4.4 4.5 4.6 4.5 4.4 4.3 4.2 4.1 2019-2024CAGR(%)2014-2019 4.4 4.3 CAGR(%)2014-2024 4.3 Source: Visiongain 2014
  • 7. Page 92www.visiongain.com Lactose Free-Foods Market Forecast 2014-2024: Prospects for Companies in the ‘Free From’ Market 8.4 Barry Callebaut Total company revenue $bn, 2013 $5.5bn Headquarters Zurich, Switzerland IR Contact investorrelations@barry-callebaut.com Website www.Barry-Callebaut.com 8.4.1Barry Callebaut Revenue Forecast 2014-2024 Table 8.7 Barry Callebaut Revenue Forecast 2014-2024 ($bn, AGR %, CAGR %) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Sales $bn 5.5 5.8 6.1 6.4 6.7 7.0 7.3 7.6 7.9 8.1 8.5 8.9 AGR(%) 5.5 5.2 4.9 4.7 4.5 4.3 4.1 3.9 2.5 4.9 4.7 CAGR(%) 2014-19 2019-24 CAGR(%) 2014-24 4.7 4.0 4.4 Figure 8.3 Barry Callebaut Revenue Forecast 2014-2024 ($bn, AGR%) 0 1 2 3 4 5 6 0 1 2 3 4 5 6 7 8 9 10 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR% Sales$bn Year Sales $bn AGR (%) Source: Barry Callebaut 2013, Visiongain 2014 Table 8.6 Barry Callebaut Overview 2014 (Total Revenue, HQ, IR Contact, Website) Source: Visiongain 2014 Source: Visiongain 2014
  • 8. Page 97www.visiongain.com Lactose Free-Foods Market Forecast 2014-2024: Prospects for Companies in the ‘Free From’ Market 8.6.2 Chr. Hansen Analysis Chr Hansen Holding A/S is a Denmark-based bioscience company that develops natural ingredient solutions for the food, nutritional, pharmaceutical and agricultural industries. The Company’s business is divided into three divisions, such as: • Cultures & Enzymes • Health & Nutrition • Natural Colours The Cultures & Enzymes division develops and produces cultures, enzymes and probiotics for the food industry in general and the dairy industry in particular. The Health & Nutrition division develops, produces and sells products for the dietary supplement, infant formula and animal feed industries. The Natural Colours division develops and supplies natural colour solutions to the food and beverage industry, in particular the confectionery, ice cream, dairy and fruit preparation segments. The Company was founded in 1874 and now operates in more than 30 countries in Europe, North and South America, as well as Asia Pacific, Middle East and Africa, with 2.500 employees worldwide. Cultures and Enzymes division offers a strong portfolio with a wide selection of dairy enzymes for milk coagulation, lactose degradation and bio protection, as well as enzymes targeting yield, flavour enhancement and increased whey value. One of the strongest offerings includes a product called HA-LACTASE™ that is used to treat dairy produce, where afterwards the treated products may be consumed by people suffering from lactose intolerance. Ha-Lactase™ products are Kosher, Halal and Vegetarian certified. An additional advantage of HA-LACTASE™ is that it increases sweetness without the addition of sugar or artificial sweeteners. The reduced lactose content and increased sweetness help dairies produce healthier milk-based products for a wider consumer base worldwide. In 2013, Chr Hansen achieved revenue sales of $1.0bn and visiongain predicts these will exhibit a CAGR of 6.7% over 2014-2024. In 2019, the sales are expected to be worth $1.6bn and there will be a CAGR of 7.8% from 2014-2019. There will then be a CAGR of 5.6% from 2019-2024 and this will culminate in value sales of $2.1bn in 2024. The forecasts are mainly supported by company’s strong market positions in the fields of product innovation and applications, production processes, long-term customer relationships and intellectual property.