Lactoferrin Market Is Likely To Up Demand At A USD 411.8 Million By 2028


 San Francisco, 2 Feb 2024: The Report Lactoferrin Market Size, Share & Trends Analysis Report By Function (Iron Absorption, Intestinal Flora Protection), By Application (Personal Care Products, Infant Formula), By Region (North America, APAC, Europe), And Segment Forecasts, 2021 - 2028

The global lactoferrin market is expected to reach USD 411.8 million by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2021 to 2028. Increasing incorporation of lactoferrin in various products ranges including infant food, food supplements, dietetic foods, alcoholic beverages, sports nutrition, and personal care and cosmetics should bolster the lactoferrin market in the forecast timeframe, ascribed to strong health benefits.

Lactoferrin offers stimulating effects on the immune system, prevents cell damage caused by aging, promotes the culture of beneficial bacterial in the intestinal tract, and regulates viruses, bacteria, and fungi along with being regulators to iron metabolism. Lactoferrin is found effective for the treatment of hepatitis C infection by inhibiting replication of the virus at the intracellular level. Hence, the strong applicability of lactoferrin in the nutraceutical, pharmaceutical, and personal care industries is anticipated to drive demand during the forecast period.

Human colostrum has the highest lactoferrin concentration, followed by human milk and then by bovine milk. It is also readily found in human body secretions including the nose, eyes, intestine, and respiratory tract. Lactoferrin can be used as a conjuncture of specific strains of friendly bacteria, together they are proven to boost the immune function of the body, alert the white blood cells of the harmful microbes, and stabilize colonies of gut-friendly bacteria. Commercially, lactoferrin is commonly integrated with probiotics to achieve this.

Asia Pacific is expected to expand at a CAGR of over 7.5% during the forecast period. The lactoferrin market is projected to witness a strong rise in demand, as the key market players continue adopting strategies to expand their presence in untapped economies of South East Asia. Countries including China, Japan, and Australia have experienced high awareness regarding the health benefits of lactoferrin, which is expected to bolster regional growth over the forecast period. 

Access Research Report of Lactoferrin Market @ https://www.grandviewresearch.com/industry-analysis/lactoferrin-market

Lactoferrin Market Report Highlights

  • In terms of functions offered by lactoferrin, iron absorption segment accounted for the largest market share of over 29.0% in terms of revenue in 2019. This growth is expected to be supported by the growing incidences of iron deficiency and related disorders like anemia
  • Lactoferrin helps in restricting the growth of acne due to its antioxidant properties. It helps combat free radicals formed due to the natural process of oxidation. These free radicals can damage the cells and tissues promoting inflammation and acne. Such factors are expected to drive the product demand in personal care and cosmetics
  • Increasing investment in research, new product development, expansion of operation in developing nations, partnerships and collaboration with local players, and acquisition of small and medium-sized players are among the major operational strategies taken up by key participants to strengthen and sustain their market positions

Lactoferrin Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 235.9 million

Revenue forecast in 2028

USD 411.8 million

Growth Rate

CAGR of 8.2% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

List of Key Players of Lactoferrin Market

  • Hilmar Cheese Company
  • Pharming Group NV
  • FrieslandCampina
  • Synlait Milk Ltd.
  • Ingredia SA
  • MP Biomedicals
  • Tatura Milk Industries Ltd.
  • Glanbia plc
  • APS BioGroup
  • ProHealth
  • Fonterra Cooperative Group Ltd.
  • Farbest Brands
  • InVitria
  • Milei GmbH
  • Ferrin-tech LLC

Access Press Release of Lactoferrin Market @ https://www.grandviewresearch.com/press-release/global-lactoferrin-market

 

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