Global Lactoferrin Market, By Product (Apolactoferrin and Hololactoferrin), Source (Rice Flour, Human Milk and Animal Milk), Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation and Antioxidant), Application (Food and Beverages, Infant Formula, Sports and Functional Food, Animal Feed, Pharmaceuticals, Personal Care Products and Others), Type (Freeze Dried Lactoferrin and Spray Dried Lactoferrin), Product Form (Powder, Capsule and Others), Distribution Channel (Supermarket/Hypermarket, Online, Drugstore, Nutrition and Health Food Store and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Lactoferrin Market
Data Bridge Market Research analyses that the global lactoferrin market will project a CAGR of 7.50% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, increasing demand and consumption of infant formula globally and increasing personal disposable income are the major factors attributable to the growth of the lactoferrin market.
Lactoferrin is a kind of protein that possesses excellent iron-binding properties. It is used to cure many viral and bacterial infections and disorders related to human digestive system.
Rising personal disposable income, shifting tastes and preferences for a healthy lifestyle and increasing awareness about the health benefits of lactoferrin are the major factors fostering the growth of lactoferrin market. Rise in the application of lactoferrin by pharmaceutical industries is another important factor acting as lactoferrin market growth determinant. Increasing application of lactoferrin in cosmetic products globally will further create lucrative growth opportunities for the lactoferrin market. Increasing cases of skin-related and digestion related health problems will induce growth in the lactoferrin market value.
However, side effects related to the consumption of lactoferrin such as diarrhea will pose a major challenge to the growth of the lactoferrin market. High costs associated with lactoferrin will further derail the market growth rate. Increased initiatives by the government to promote breastfeeding will also hamper the lactoferrin market growth rate.
This lactoferrin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lactoferrin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lactoferrin Market Scope and Market Size
The lactoferrin market is segmented on the basis of product, source, function, application, type, product form and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the lactoferrin market is segmented into apolactoferrin and hololactoferrin.
- On the basis of source, the lactoferrin market is segmented into rich flour, human milk and animal milk. Animal milk segment is sub segmented into bovine milk, porcine milk, caprine milk and ovine milk.
- On the basis of function, the lactoferrin market is segmented into iron absorption, anti-inflammatory, intestinal flora protection, antibacterial, immune cell stimulation and antioxidant.
- On the basis of application, the lactoferrin market is segmented into food and beverages, infant formula, sports and functional food, animal feed, pharmaceuticals, personal care products and others.
- On the basis of type, the lactoferrin market is segmented into freeze dried lactoferrin and spray dried lactoferrin.
- On the basis of product form, the lactoferrin market is segmented into powder, capsule and others.
- On the basis of distribution channel, the lactoferrin market is segmented into supermarket/hypermarket, online, drugstore, nutrition and health food store and others.
Global Lactoferrin Market Country Level Analysis
Global lactoferrin market is analysed and market size, volume information is provided by country, product, source, function, application, type, product form and distribution channel as referenced above.
The countries covered in the lactoferrin market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America spearheads the lactoferrin market and will continue to flourish its trend of dominance during the forecast period. The U.S. has emerged to become the major contributor from this region owing to the increased consumption of infant formula in the country. Asia-Pacific is also set to project the highest growth rate during the forecast period. This means that the region will score the highest compound annual growth rate for the forecast period. This is because of the growing awareness about the health benefits of lactoferrin, adoption of a healthy lifestyle and personal disposable income.
The country section of the lactoferrin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lactoferrin Market Share Analysis
The lactoferrin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global lactoferrin market.
The major players covered in the lactoferrin market report are Metagenics (Aust) Pty Ltd, Synlait Ltd, INGREDIA SA, Tatura Milk Industries Pty. Ltd., Glanbia PLC, ProHealth, Inc., Fonterra Co-operative Group Limited, Farbest Brands, MILEI GmbH, Tatua, Bega Bionutrients, Parchem fine & specialty chemicals, BioVendor, Saputo Inc., Warrnambool Cheese and Butter Factory Company Holdings Limited, Ferrin-Tech, Westland Milk Products, Jarrow Formulas, Inc, Nirva Trading Limited Company and Hoogwegt among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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