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.

Market Insight

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.

Asia Pacific 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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.