PUBLISHER: IMARC | PRODUCT CODE: 1541200
PUBLISHER: IMARC | PRODUCT CODE: 1541200
Lactoferrin Market Report by Function, Application, and Region 2024-2032
The global lactoferrin market size reached US$ 289.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 514.1 Million by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Lactoferrin is a multi-functional glycoprotein commonly found in human and bovine milk, saliva, tears, bile and mucus. It binds with iron ions present in the blood and transports it through the body. It is a rich source of antioxidants and aids in improving immunity and preventing bacterial and viral infections. It is also commercially sourced from genetically modified rice and is used as a protein supplement in pharmaceutical medicines to treat stomach and intestinal ulcers, diarrhea and hepatitis C. Lactoferrin also aids in preventing tissue damage and cancer, regulating iron metabolism and minimizing damage caused by aging. As a result, it finds extensive applications across various industries, including pharmaceuticals, food and beverages, nutraceuticals and personal care products.
The increasing prevalence of bacterial and viral infections across the globe represents one of the key factors driving the growth of the market. Lactoferrin accelerates bone and joints healing and prevents bone loss caused by various medical ailments. Furthermore, rising health consciousness among the masses, along with the increasing demand for lactoferrin-based nutritional supplements, is also driving the market growth. In line with this, lactoferrin is also widely used in the manufacturing of various cosmetics and personal care products due to its beneficial acne-treating, anti-allergic and anti-aging properties. It stimulates connective tissue and epidermal cells that aid in healing skin lesions. Additionally, various product innovations, such as the launch of infant formula fortified with lactoferrin, are acting as other growth-inducing factors. It is also used for the production of various sports nutrition products and functional supplements. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global lactoferrin market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on function and application.
Breakup by Function:
Iron Absorption
Anti-Inflammatory
Intestinal Flora Protection
Antibacterial
Immune Cell Stimulation
Antioxidant
Others
Breakup by Application:
Food and Beverages
Infant Formula
Sports and Functional Foods
Pharmaceuticals
Personal Care Products
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bega Cheese Limited, Farbest Brands, Ferrin-Tech LLC, Fonterra Cooperative Group Ltd., Glanbia PLC, Hoogwegt Group B.V., Ingredia SA, Metagenics Inc. (Alticor Inc.), MILEI GmbH (Morinaga Milk Industry Co. Ltd.), Mp Biomedicals LLC (Valiant Co. Ltd.), Saputo Inc., Synlait Milk Limited, Tatura Milk Industries Ltd. and Westland Milk Products.
Key Questions Answered in This Report:
- How has the global lactoferrin market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global lactoferrin market?
- What are the key regional markets?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global lactoferrin market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lactoferrin Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Function
- 6.1 Iron Absorption
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Anti-Inflammatory
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Intestinal Flora Protection
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Antibacterial
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Immune Cell Stimulation
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Antioxidant
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Application
- 7.1 Food and Beverages
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Infant Formula
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Sports and Functional Foods
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Pharmaceuticals
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Personal Care Products
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Bega Cheese Limited
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.2 Farbest Brands
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Ferrin-Tech LLC
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Fonterra Cooperative Group Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Glanbia PLC
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 Hoogwegt Group B.V.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Ingredia SA
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Metagenics Inc. (Alticor Inc.)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.9 MILEI GmbH (Morinaga Milk Industry Co. Ltd.)
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Mp Biomedicals LLC (Valiant Co. Ltd.)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Saputo Inc.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 Synlait Milk Limited
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.13 Tatura Milk Industries Ltd.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14 Westland Milk Products
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.1 Bega Cheese Limited
List of Figures
- Figure 1: Global: Lactoferrin Market: Major Drivers and Challenges
- Figure 2: Global: Lactoferrin Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Lactoferrin Market: Breakup by Function (in %), 2023
- Figure 5: Global: Lactoferrin Market: Breakup by Application (in %), 2023
- Figure 6: Global: Lactoferrin Market: Breakup by Region (in %), 2023
- Figure 7: Global: Lactoferrin (Iron Absorption) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Lactoferrin (Iron Absorption) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Lactoferrin (Anti-Inflammatory) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Lactoferrin (Anti-Inflammatory) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Lactoferrin (Intestinal Flora Protection) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Lactoferrin (Intestinal Flora Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Lactoferrin (Antibacterial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Lactoferrin (Antibacterial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Lactoferrin (Immune Cell Stimulation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Lactoferrin (Immune Cell Stimulation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Lactoferrin (Antioxidant) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Lactoferrin (Antioxidant) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Lactoferrin (Other Functions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Lactoferrin (Other Functions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Lactoferrin (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Lactoferrin (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Lactoferrin (Infant Formula) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Lactoferrin (Infant Formula) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Lactoferrin (Sports and Functional Foods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Lactoferrin (Sports and Functional Foods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Lactoferrin (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Lactoferrin (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Lactoferrin (Personal Care Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Lactoferrin (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Lactoferrin (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Lactoferrin (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: North America: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: North America: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: United States: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: United States: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Canada: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Canada: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Asia-Pacific: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Asia-Pacific: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: China: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: China: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Japan: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Japan: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: India: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: India: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: South Korea: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: South Korea: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Australia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Australia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Indonesia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Indonesia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Europe: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Europe: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Germany: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Germany: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: France: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: France: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: United Kingdom: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: United Kingdom: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Italy: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Italy: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Spain: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Spain: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Russia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Russia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Latin America: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Latin America: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Brazil: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Brazil: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Mexico: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Mexico: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Middle East and Africa: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Middle East and Africa: Lactoferrin Market: Breakup by Country (in %), 2023
- Figure 81: Middle East and Africa: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Global: Lactoferrin Industry: SWOT Analysis
- Figure 83: Global: Lactoferrin Industry: Value Chain Analysis
- Figure 84: Global: Lactoferrin Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Lactoferrin Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Lactoferrin Market Forecast: Breakup by Function (in Million US$), 2024-2032
- Table 3: Global: Lactoferrin Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Lactoferrin Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Lactoferrin Market: Competitive Structure
- Table 6: Global: Lactoferrin Market: Key Players
