Lactoferrin Market
Global Lactoferrin Market Size, Share & Trends Analysis Report by Function (Antioxidant, Anti-Inflammatory, Antibacterial, Iron Absorption, Intestine Flora Protection, and Immune Cell Stimulation), and by End-Use (Infant Formula, Food Products, Pharmaceuticals, Personal Care Products, and Others), and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global Lactoferrin market is projected to grow at a CAGR of 6.8% during the forecast period (2020-2026). The major factors that drive the growth of the market include a wide range of applications of lactoferrin used in various end-use industries. Increased awareness amongst the people regarding diet and health along with the increased cases of skin-related health disorders is expected to upsurge the demand for proper treatment and medications. Hence, this drives the growth of the global lactoferrin market over the forecast period.
Lactoferrin possesses antibacterial, anti-parasitic, antiviral, catalytic, and anti-allergic properties and functions which are highly demanded from pharmaceutical and personal care industries. It is used as an effective treatment measure for treating stomach and intestinal ulcers, diarrhea, and hepatitis C. Besides, it is also widely accepted as an effective treatment for acne. As per the American Academy of Dermatology, in the US, acne is among the most prevalent skin condition. It affects nearly 40-50 million people in the US annually. Hence, for the treatment of such skin condition, lactoferrin has been proven effective, as owing to its anti-inflammatory properties, it eliminates the main food source for pathogens by neutralizing its contributors. Thus, this further contributes to the growth of the global lactoferrin market over the forecast period.
Segmental Outlook
The global lactoferrin market is segmented on the basis of function and end-use. Based on the function, the market is segmented into antioxidant, anti-inflammatory, antibacterial, iron absorption, intestine flora protection, and immune cell stimulation. Based on the end-user, the market is segmented into infant formula, food products, pharmaceuticals, personal care products, and others.
Global Lactoferrin Market, by Function 2019 (%)
Iron Absorption Segment to Hold a Significant Market Share
Based on the function of lactoferrin, the iron absorption segment is projected to hold a lucrative share in the market. The segmental growth of the market is attributed to the rising cases of anemia across the globe. According to the World Health Organization, anemia has affected more than 1.6 billion people across the globe. Growing health concerns across the globe is a major factor driving the segmental growth of the market, as lactoferrin aids in regulating iron levels and metabolism in the body. Lactoferrin consumption is also considered as safe and effective solutions for curing anemia as it regulates iron absorption and enhances metabolism. Hence, this is likely to enhance the segmental growth of the global lactoferrin market over the forecast period.
Regional Outlook
The global lactoferrin market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a significant market share. The regional growth of the market is attributed to the presence of a well-established pharmaceutical industry in the region. Changing lifestyles, rising health awareness, and rising disposable incomes are some other factors that contribute to the regional growth of the market over the forecast period.
Global Lactoferrin Market by Region, 2019 (%)
Moreover, the Asia-Pacific is also expected to witness substantial market growth. The growth is attributed to the increased inclination of the people towards improving appearance, along with the health consciousness are some of the prominent factors anticipated to flourish the lactoferrin market growth in the Asia-Pacific region over the forecast period.
Market Players Outlook
Some of the players covered in the global lactoferrin market report include BioQuad Lifesciences, Ferrin-Tech LLC, Fonterra Cooperative Group Ltd., Ingredia SA, Milligans Food Group, Metagenics Inc., and Synlait Milk Ltd. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Lactoferrin market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. Global Lactoferrin Market by Function
4.1.1. Antioxidant
4.1.2. Anti-Inflammatory
4.1.3. Antibacterial
4.1.4. Iron Absorption
4.1.5. Intestine Flora Protection
4.1.6. Immune Cell Stimulation
4.2. Global Lactoferrin Market by End-Use
4.2.1. Infant Formula
4.2.2. Food Products
4.2.3. Pharmaceuticals
4.2.4. Personal Care Products
4.2.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Competitive Landscape
6.1. BioQuad Lifesciences
6.2. Bega Cheese Ltd.
6.3. Farbest Brands
6.4. Ferrin-Tech LLC
6.5. Fonterra Cooperative Group Ltd.
6.6. Freedom Foods Group Ltd.
6.7. Glanbia PLC
6.8. Hoogwegt Group B.V.
6.9. Ingredia SA
6.10. InVitria
6.11. Merck KGaA
6.12. Metagenics, Inc.
6.13. Milligans Food Group
6.14. Morinaga Milk Industry Co. Ltd.
6.15. ND Pharma & Biotech Ltd.
6.16. Royal FrieslandCampina
6.17. Synlait Milk Ltd.
6.18. The Tatua Co-Operative Dairy Co. Ltd.
1. GLOBAL LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2019-2026 ($ MILLION)
2. GLOBAL ANTIOXIDANT LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL ANTI-INFLAMMATORY LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL ANTIBACTERIAL LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL IRON ABSORPTION LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL INTESTINE FLORA PROTECTION LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL IMMUNE CELL STIMULATION LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY END-USE, 2019-2026 ($ MILLION)
9. GLOBAL LACTOFERRIN FOR INFANT FORMULA MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL LACTOFERRIN FOR FOOD PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL LACTOFERRIN FOR PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL LACTOFERRIN FOR PERSONAL CARE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL LACTOFERRIN FOR OTHER END-USE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2019-2026 ($ MILLION)
17. NORTH AMERICAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY END-USE, 2019-2026 ($ MILLION)
18. EUROPEAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2019-2026 ($ MILLION)
20. EUROPEAN LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY END-USE, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY END-USE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY FUNCTION, 2019-2026 ($ MILLION)
25. REST OF THE WORLD LACTOFERRIN MARKET RESEARCH AND ANALYSIS BY END-USE, 2019-2026 ($ MILLION)
1. GLOBAL LACTOFERRIN MARKET SHARE BY FUNCTION, 2019 VS 2026 (%)
2. GLOBAL LACTOFERRIN MARKET SHARE BY END-USE, 2019 VS 2026 (%)
3. GLOBAL LACTOFERRIN MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
6. UK LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD LACTOFERRIN MARKET SIZE, 2019-2026 ($ MILLION)
