Lactoferrin Market Trade Analysis and Statistical Forecast (2024-2031) | MILEI GmbH, Farbest Brands, Synlait Ltd., Glanbia Plc., Bega Bionutrients

Lactoferrin Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Lactoferrin market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Lactoferrin market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Lactoferrin Market reached USD 362.3 million in 2022 and is projected to witness lucrative growth by reaching up to USD 641.3 million by 2031. The market is growing at a CAGR of 7.4% during the forecast period 2024-2031.

What is Lactoferrin Market?

Lactoferrin is a multifunctional glycoprotein found in various secretory fluids, including milk, saliva, tears, and nasal secretions. It belongs to the transferrin family of proteins and has a high affinity for iron, which allows it to bind and transport this essential nutrient. Lactoferrin plays a crucial role in the immune system by exhibiting antimicrobial, antiviral, and anti-inflammatory properties, thereby helping to protect against infections. In addition to its immune functions, lactoferrin is involved in regulating iron homeostasis and promoting gut health. It is often utilized in dietary supplements, infant formula, and functional foods due to its beneficial health effects.

Growth Driver

The increasing demand for infant formula is driving growth in the lactoferrin market, as this protein is naturally found in breast milk and plays a crucial role in infant nutrition. Lactoferrin offers several benefits for infants, including immune modulation, antimicrobial properties, and support for intestinal health. According to the CDC, nearly one in five babies is fed formula within their first two days of life. As more infants rely on formula instead of breast milk, there is a growing need to enhance the nutritional quality of infant formulas. Consequently, lactoferrin is recognized as an essential ingredient in developing high-quality infant formula to deliver these vital health benefits.

Key Players:

Profiles of some of the major players in the global Lactoferrin market, which include:

MILEI GmbH, Farbest Brands, Synlait Ltd., Glanbia Plc., Bega Bionutrients, Saputa Dairy Australia Pty Ltd., Forterra Co-Operative Group, Armor Proteins, Hilmar Cheese Company, Inc., Conagen, Inc.

Industry Development:

In May 2023, Westland Milk Products, a producer and distributor of dairy products, announced the commencement of construction on a new lactoferrin plant in New Zealand.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Lactoferrin market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Source: bovine milk, Engineered Rice, Porcine milk, Human milk, Murine milk, Others

By Application: immune health, Oral Hygiene, Gut Health, Skin care, Others

By End Use: Functional Foods & Drinks, Dietary Supplements, Infant Formula, Cosmetics, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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