The global demand for Lactoferrin Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Lactoferrin (LF), also identified as lactotransferrin, is a kind of multifunctional protein belonging to the transferring family. It is an iron-binding glycoprotein having a molecular mass of approximately 80 kDa. It is present in the milk of cows and human beings. The first milk that is produced after a baby's birth, known as colostrum, has seven times extra lactoferrin. It is also present in other bodily fluids like tears, saliva, secretion from the nose etc. Lactoferrin is both an antibacterial and antiviral and has immunological and anti-inflammatory properties. It improves iron deficiency, skin health, and immunity. Lactoferrin is used as a supplement and medicine.
Market Dynamics
The key factor driving the lactoferrin market is the increasing utilization of lactoferrin in a variety of applications. It is widely being used in infant formula, sports nutrition, food supplements, dietetic food, bakery items, non-alcoholic beverages etc. It helps to maintain infant health by building resistance power against infections in newborns. Increasing incidence of skin problems and increasing awareness about health and diet among the young generation will boost the market significantly. Furthermore, rising demand for lactoferrin from the Asia Pacific region will create significant growth opportunities for the lactoferrin market. However, lactoferrin may show some side effects if consumed in high doses, and this may hamper the growth of the lactoferrin market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lactoferrin. The growth and trends of Lactoferrin Industry provide a holistic approach to this study.
Market Segmentation
This section of the lactoferrin market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Spray Dried Powder
- Freeze-dried Powder
By Application
- Sports & Functional Supplements
- Personal Care Products
- Food & Beverages
- Infant Nutritional Products
By Sales Channel
- Direct Sales Channel
- Indirect Sales Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Lactoferrin market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Lactoferrin Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lactoferrin market include Jarrow Formulas, Life Extension, Metagenics Inc., Naturade, Morinaga Milk Industry Co. Ltd., Saputo Inc., NutriScience Innovations LLC., The Tatua Co-operative Dairy Company Limited, Ferrin-Tech, Bega Cheese Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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