According to the current analysis of Reports and Data, the global Lactoferrin Market was valued at USD 189.6 million in 2018 and is expected to reach USD 329.7 million by the year 2026, at a CAGR of 7.3%. Iron deficiency and diarrhea are two of the most significant issues for global health. Iron deficiency anemia is the most common nutritional deficiency in the world, affecting nearly 25% of the world population (UNICEF/WHO 1999).
This report on the Lactoferrin market delivers a cumulative synopsis of the speculations of this business, overall, along with an evaluation of its segmentations. It predicts the Lactoferrin market to advance as one of the most profitable verticals, generating massive revenue by the end of the forecast years, exhibiting a sizable growth rate over the calculated period.
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Some of the key market players for this market are Metagenics, Inc., Pharming Group NV, Westland Cooperative Dairy Co., Ltd, Synlait Milk Ltd., Ingredia SA, MP Biomedicals, Tatura Milk Industries Ltd, Glanbia PLC, APS BioGroup, and ProHealth.
Further key findings from the report suggest
- Bovine milk is by far the largest source from which lactoferrin is derived for human consumption. Other mammalian species from which lactoferrin is extracted include pigs, and rodents from the family Muridae.
- Transgenic rice is also being grown which expresses lactoferrin, and from which the ingredient could be easily extracted
- In 2019, Freedom Foods of Australia announced plans to start production of lactoferrin from its new plant based in Shepparton. The firm is active in the infant formulation production, functional foods and beverages sector
- Europe is dominating the market, with the highest market share of 30.% in 2018. Germany contributed the largest revenue share to the European Lactoferrin market. The Netherlands is also a significant contributor to this market due to the country’s large dairy sector
- Anti-oxidant and anti-microbial properties of the ingredient have helped lactoferrin to be an ingredient for choice in infant formulations and functional foods
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For this report, Reports and Data have segmented the Lactoferrin market based on the source, application, end-use and region:
Source (Revenue, USD Million; 2016–2026)
- Bovine milk
- Rice Flour
- Porcine milk
- Human milk
- Caprine milk
- Murine milk
- Others
Applications (Revenue, USD Million; 2016–2026)
- Iron Absorption
- Anti-Inflammatory
- Antibacterial
- Antioxidant
- Other
End user (Revenue, USD Million; 2016–2026)
- Food and Beverage
- Infant Nutrition
- Functional Supplements
- Pharmaceutical Industry
- Others
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Lactoferrin market.
- To provide insights about factors affecting the market growth. To analyze the Lactoferrin market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Lactoferrin market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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