PUBLISHER: Value Market Research | PRODUCT CODE: 1547472
PUBLISHER: Value Market Research | PRODUCT CODE: 1547472
The global demand for Lactoferrin Market is presumed to reach the market size of nearly USD 689.65 Million by 2032 from USD 323.63 Million in 2023 with a CAGR of 8.77% under the study period 2024-2032.
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.
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 research 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.
This section of the Lactoferrin market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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.
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 Hilmar Cheese Company, Pharming Group NV, FrieslandCamina, Synlait Milk Ltd., Ingredia SA, MP Biomedicals, Tatura Milk Industries Ltd., Glanbia Plc, APS BioGroup, ProHealth, Fonterra Cooperative Group Ltd., Farbest Brands, InVitria, Milei GmbH, Ferrin-Tech LLC. 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.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.