Press release
Global Lactoferrin Market is anticipated to exceed USD 1,456.93 Million by 2028, By SkyQuest Technology | Adoption of Innovation and Investments Are Anticipated for the Market Growth
Lactoferrin will continue its dominance over the infant formula sector throughout the forecast period owing to its excellent properties including anti-microbial properties and the ability to prevent lipid peroxidation. The iron-binding property of the product imparts a bacteriostatic effect, which facilitates its use in the treatment of anemia and other disorders caused due to iron deficiency.
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The ability of lactoferrin to reduce the risk of delayed-onset septicemia among newborn babies is expected to raise the product demand for infant formula products and boost the lactoferrin market outlook. In view of the health and dietary benefits offered by lactoferrin such as iron transportation and providing digestive comfort and rising consumer demand for organic and vegan ingredients in sports nutrition products, key players such as Glanbia have shifted their focus toward incorporating lactoferrin as an essential ingredient in their products, thus driving lactoferrin market share. Lactoferrin is being increasingly used in infant formula products owing to its ability to strengthen the newborn immune system.
Read the market research report, " Lactoferrin Market segmented By Function (Iron Absorption and Intestinal Flora Protection), By Application (Personal Care Products and Infant Formula) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
Asia Pacific is expected to register the highest CAGR between 2022 and 2028. Increasing consumer awareness regarding the importance of maintaining healthy glowing skin is likely to raise product demand from the cosmetics & personal care sector. Lactoferrin is being increasingly used in infant formula products owing to its ability to strengthen the newborn immune system by enhancing anti-infective and anti-inflammatory activities and increasing iron absorption in the infant's gut.
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In 2021, North America was the second-biggest lactoferrin market. The US is the largest market globally. More people buy this product as digestive issues become more common. Brand owners' use of incentive-based marketing tactics to boost sales is also expected to boost the lactoferrin industry. Key market participants in the region employ branding and other marketing tactics to expand.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
Lactoferrin Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country specific Lactoferrin Market Trends
Comprehensive Mapping of Lactoferrin Industry Parameters
Attractive Investment Proposition in the Global Lactoferrin Industry
Competitive Strategies Adopted by Lactoferrin Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Lactoferrin Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Lactoferrin market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Lactoferrin Market Sales
Parent market analysis
Product portfolio benchmarking
Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/lactoferrin-market
SkyQuest has segmented the Global Lactoferrin Market based on Function, Application, and Region:
Global Lactoferrin Market by Function (Revenue, USD Million, 2021 - 2028)
Iron Absorption
Intestinal Flora Protection
Global Lactoferrin Market by Application (Revenue, USD Million, 2021 - 2028)
Personal Care Products
Infant Formula
Global Lactoferrin Market By Region (Revenue, USD Million, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA
Key Players in the Global Lactoferrin Market
Hilmar Cheese Company (US)
Pharming Group NV (Netherlands)
FrieslandCamina NV (Netherlands)
Synlait Milk Ltd. (New Zealand)
Ingredia SA (France)
MP Biomedicals (US)
Tatura Milk Industries Ltd. (Australia)
Glanbia plc (Ireland)
APS BioGroup (US)
Fonterra Cooperative Group Ltd. (New Zealand)
Farbest Brands (US)
InVitria (US)
Milei GmbH (Germany)
Ferrin-tech LLC (US)
Hydrosol (Germany)
Nexira (France)
Sotexpro (France)
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
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