Lactoferrin Market Size Is Estimated To Reach $411.8 Million By 2028 With CAGR of 8.2% | Grand View Research, Inc.

Lactoferrin Market Size Is Estimated To Reach $411.8 Million By 2028 With CAGR of 8.2% | Grand View Research, Inc.
Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, the rising awareness amongst consumers regarding health and diet, along with the rising prevalence of skin-related health conditions, is expected to boost the demand.

The global lactoferrin market is expected to reach USD 411.8 million by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2021 to 2028. Increasing incorporation of lactoferrin in various products ranges including infant food, food supplements, dietetic foods, alcoholic beverages, sports nutrition, and personal care and cosmetics should bolster the lactoferrin market in the forecast timeframe, ascribed to strong health benefits.

Lactoferrin offers stimulating effects on the immune system, prevents cell damage caused by aging, promotes the culture of beneficial bacterial in the intestinal tract, and regulates viruses, bacteria, and fungi along with being regulators to iron metabolism. Lactoferrin is found effective for the treatment of hepatitis C infection by inhibiting replication of the virus at the intracellular level. Hence, the strong applicability of lactoferrin in the nutraceutical, pharmaceutical, and personal care industries is anticipated to drive demand during the forecast period.

Human colostrum has the highest lactoferrin concentration, followed by human milk and then by bovine milk. It is also readily found in human body secretions including the nose, eyes, intestine, and respiratory tract. Lactoferrin can be used as a conjuncture of specific strains of friendly bacteria, together they are proven to boost the immune function of the body, alert the white blood cells of the harmful microbes, and stabilize colonies of gut-friendly bacteria. Commercially, lactoferrin is commonly integrated with probiotics to achieve this.

Asia Pacific is expected to expand at a CAGR of over 7.5% during the forecast period. The lactoferrin market is projected to witness a strong rise in demand, as the key market players continue adopting strategies to expand their presence in untapped economies of South East Asia. Countries including China, Japan, and Australia have experienced high awareness regarding the health benefits of lactoferrin, which is expected to bolster regional growth over the forecast period.

 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/lactoferrin-market

 

Lactoferrin Market Report Highlights

  • In terms of functions offered by lactoferrin, iron absorption segment accounted for the largest market share of over 29.0% in terms of revenue in 2019. This growth is expected to be supported by the growing incidences of iron deficiency and related disorders like anemia
  • Lactoferrin helps in restricting the growth of acne due to its antioxidant properties. It helps combat free radicals formed due to the natural process of oxidation. These free radicals can damage the cells and tissues promoting inflammation and acne. Such factors are expected to drive the product demand in personal care and cosmetics
  • Increasing investment in research, new product development, expansion of operation in developing nations, partnerships and collaboration with local players, and acquisition of small and medium-sized players are among the major operational strategies taken up by key participants to strengthen and sustain their market positions

 

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Lactoferrin Market Segmentation

Grand View Research has segmented the global lactoferrin market on the basis of function, application, and region:

Lactoferrin Function Outlook (Volume, Tons; Revenue, USD Thousand, 2017 – 2028)

  • Iron Absorption
  • Anti-inflammatory
  • Intestinal Flora Protection
  • Antibacterial
  • Immune Cell Stimulation
  • Antioxidant

 

Lactoferrin Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 – 2028)

  • Food & Beverages
  • Infant Formula
  • Sports & Functional Foods
  • Pharmaceuticals
  • Personal Care Products
  • Animal Feed

 

Lactoferrin Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 – 2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • UAE

 

List of Key Players of Lactoferrin Market

  • Hilmar Cheese Company
  • Pharming Group NV
  • FrieslandCampina
  • 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

 

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/1651/ibb

 

Browse More Related Report:

Dietary Supplements Market Size, Share & Trends Analysis Report By Ingredient (Vitamins, Proteins & Amino Acids), By Form, By Application, By End User, By Distribution Channel, And Segment Forecasts, 2021 – 2028

 

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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