Lactoferrin Market Potential growth, attractive valuation make it is a long-term investment | Know the COVID19 Impact |Westland Cooperative Dairy Co., Ltd, Morinaga Milk Industry Co., Ltd

Report Ocean releases its latest report on the global Lactoferrin Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Lactoferrin Market.

Global Lactoferrin Market Overview:

Lactoferrin is a natural iron-binding milk glycoprotein found in human milk and bovine milk. Bovine is a term used to refer to domestic animals of the species Bos Taurus (cattle) or Bubalusbubalis (water buffalo), and also includes hybrids like Beefalo. The concentration of lactoferrin is highest in human colostrum. Colostrum is the term used for the first form of milk produced from the mammary glands of mammals.

The concentration of lactoferrin in the human colostrum can be as high as six times of bovine colostrum. Human colostrum contains 6-8 gm of lactoferrin per liter of milk, while bovine colostrum contains only 1 gm of lactoferrin per liter of milk. Scientific studies show that lactoferrin boosts the human immune system as it possesses antimicrobial, antioxidant, and anti-carcinogenic properties, which provide numerous health benefits.

The global lactoferrin market has reached USD 225.22 million in 2020. It is further projected to reach USD 393.12million by 2027, at a CAGR of 7.9% during the forecast period (2021-2027). 

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 Growth Drivers 

 Rising awareness amongst consumers regarding health and diet

With time, people are getting more and more aware of the pros and cons of what they are consuming. Cow milk is believed to cause anemia in babies and toddlers, despite being one of the healthiest diets. Moreover, excessive consumption of cow milk can even cause anemia in adults. According to WHO, 42% of children less than 5 years of age and 40% of pregnant women worldwide are anemic.

Lactoferrin is a new generation solution against anemia. It's been recognized as a member of the transferrin family for a long time and is important for regulating the body's iron levels. It enhances the iron-binding properties of fluids in the body, increases the number of red blood cells, hemoglobin levels, serum ferritin, and total iron levels. All these properties of lactoferrin are contributing to the increasing popularity of lactoferrin, which in turn, are expected to drive the global lactoferrin market during the forecast period.

Increasing prevalence of skin diseases

Skin diseases are one of the most common diseases in the world, and their prevalence is on the rise. According to the American Academy of Dermatology Association, about 50 million Americans are affected by acne each year, with 85% of those aged 12 to 24 suffering from mild acne. Acne is typically triggered during puberty or a woman's menstrual cycle, or by excess oil production by the sebaceous glands. It is usually related to a hormonal imbalance in the body. According to WHO, acne is the 8th most prevalent disease in the world.

Lactoferrin is widely used for treating acne due to its antibacterial and antiviral properties. Moreover, Lactoferrin, combined with Vitamin E and Zinc, improves acne in 30 days. With the market of personal hygiene and beauty products growing, the application of lactoferrin is also increasing. This increasing use of lactoferrin is expected to affect the global lactoferrin market positively and contribute to the growth of the market during the forecast period.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Lactoferrin Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Lactoferrin Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Lactoferrin Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Lactoferrin Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Lactoferrin Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Lactoferrin Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Lactoferrin Market provides insight into the factors influencing its growth. This market study breaks down the Lactoferrin Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Lactoferrin Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Lactoferrin Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Lactoferrin Market are:

Metagenics, Inc., Westland Cooperative Dairy Co., Ltd, Morinaga Milk Industry Co., Ltd, Synlait Milk Ltd., Ingredia SA, Bega Bionutrients, MP Biomedicals, Tatura Milk Industries Ltd, Glanbia PLC, APS BioGroup, and other prominent players.

Scope of the Report

The global Lactoferrin Market segmentation focuses on:

By Function (Value, USD Million: 2017-2027)

Ø  Iron Absorption

Ø  Anti-inflammatory

Ø  Intestinal Flora Protection

Ø  Antibacterial

Ø  Immune Cell Stimulation

Ø  Antioxidant

By Application (Value, USD Million: 2017-2027)

Ø  Food & Beverages

Ø  Infant Formula

Ø  Sports & Functional Foods

Ø  Pharmaceuticals

Ø  Personal Care Products

Ø  Other applications

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