A recent report published by
Infinium Global Research on lactoferrin market provides in-depth analysis of
segments and sub-segments in the global as well as regional lactoferrin market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional lactoferrin market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast, and dollar values of global lactoferrin market. According to the
report, the global lactoferrin market is projected to grow at a CAGR of 7.8%
over the forecast period of 2021-2027.
The global lactoferrin market size was estimated at USD 249.72 million in
2021 and is expected to expand to USD 392.37 million
in 2027 at a compound annual growth rate (CAGR) of 7.82% from 2021 to 2027. Lactoferrin is most commonly used for low iron levels in women who
are pregnant and for preventing blood infection (sepsis) in premature infants.
In agriculture, lactoferrin is used to kill bacteria during meat processing. It has a strong affinity for iron,
helping it to act as a bacteriostatic agent. Over the past decade, lactoferrin has
been reported to affect various immunological functions playing an important
role in host defense against infection and appearing as a key element in the
mammalian immune system.
The increasing prevalence of skin-related health conditions is driving
the growth of the lactoferrin Market. In addition, the rising health and diet
awareness mainly among the youth population provides a growing demand for
the market. It is used in infant
nutrition and food supplements. It has
also been introduced in the health and beauty sectors. It can be found in a
number of beauty products. For instance, its antibacterial properties are a
highly sought-after ingredient in cleansers. Lactoferrin also stimulates skin
metabolism and has an anti-aging effect. Furthermore, increasing demand for performance nutrition is also driving
the market. Again, increasing consumer awareness towards the adoption of
healthy dietary practices is driving the demand for lactoferrin in the upcoming
years. Moreover, rising awareness about animal health and nutrition promotes
market growth. However, overconsumption led to health illnesses and concerns
related to the side effects expected to affect the market growth.
region dominates in the global lactoferrin market. The regional market is led
by India, China, and Japan. The growing population and rising spending capacity
of the consumers are driving the growth of the market in this region.
Furthermore, rising consumer awareness regarding infant nutrition, personal care,
and pharmaceutical products is expected to drive market growth. North America
was the second-largest regional market. Since lactoferrin is naturally found in
the milk of all mammals, infant formulas fortified with bovine lactoferrin are
well tolerated by babies, several working mothers in the US use it for infants.
The report on the global
lactoferrin market covers segments such as form, and application. On the basis
of form, the sub-markets include powder, and capsules. On the basis of
application, the sub-markets include pharmaceutical products, personal care products,
infant formula, food and beverages, and others.
The report provides profiles of
the companies in the market such as Hilmar Cheese Company, Pharming Group NV,
Royal FrieslandCampina N.V., Synlait Milk Ltd., Ingredia SA, MP Biomedicals,
Tatura Milk Industries Ltd, Glanbia plc, APS BioGroup, LLC, and Fonterra
Cooperative Group Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the lactoferrin market. Moreover, the study highlights current
market trends and provides a forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.