The rising health awareness among the population and other major driving factors is expected to favor the rise in the global lactoferrin market
Reports and Insights has published a new report titled, “Lactoferrin Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Lactoferrin Market, By Product (Apolactoferrin, Holo Lactoferrin), By Source (Rich Flour, Human Milk, Animal Milk (Bovine Milk, Porcine Milk, Caprine Milk, Ovine Milk)), By Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant), By Application (Food & Beverages, Infant Formula, Sports And Functional Food, Animal Feed, Pharmaceuticals, Personal Care Products, Others), By Type (Freeze Dried Lactoferrin, Spray Dried Lactoferrin), By Product Form (Powder, Capsule, Others), By Distribution Channel (Supermarket/Hypermarket, Online, Drugstore, Nutrition And Health Food Store, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global lactoferrin market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Lactoferrin can be perceived as a nutrient typically found in mammalian milk. It tethers iron and is transmitted through a range of receptors between and into cells, bile, serum, and cerebrospinal fluid. It has significant immunological attributes, and is both antiviral and antibacterial. Lactoferrin (LF) or lactotransferrin, in recent times, has come in the public eye, specifically with respect to the new coronavirus pandemic that began in the year 2019 (COVID-19).
Diet and supplements sustain an active and high-functioning immune system, positively impacting the body's potential to combat infection. Despite the fact that lactoferrin (LF) is developed by the body itself, as a emission by exocrine glands (such as tears or maternal milk) and secondary granules of human neutrophils, it can also be acquired as a supplement, where it further acts as functional food or nutraceutical.
The growing awareness among consumers with regards to health and diet, together with the growing incidence of skin-related health problems, is estimated to propel the lactoferrin market growth over the coming years.
By the same token, development and expansion of the food and beverages industry, in recent years, as well as rising demand and consumption of infant formula all across the world and growing personal disposable income are some of the other major factors which are contributing to the growth of the global lactoferrin market in the forthcoming years.
Moreover, Lactoferrin is reputed to have antibacterial, antiviral, catalytic, antiparasitic, and anti-allergic properties and functions, which is further estimated to boost the product demand from the personal care and pharmaceutical industries. Attributing to which, the global lactoferrin market is projected to witness significant growth in the following years. Having said that, some of the factors such as heavy costs of lactoferrin and rising efforts by government as well as local organizations to encourage breastfeeding are likely to hold back the growth of the global lactoferrin market in the coming years.
Reports and Insights Study identifies some of the key participating players in the lactoferrin market globally are Metagenics (Aust) Pty Ltd, Synlait Ltd, INGREDIA SA, Tatura Milk Industries Pty. Ltd., Glanbia PLC, ProHealth, Inc., Fonterra Co-operative Group Limited, Farbest Brands, MILEI GmbH, Tatua, Bega Bionutrients, Parchem fine & specialty chemicals, BioVendor, Saputo Inc., Warrnambool Cheese and Butter Factory Company Holdings Limited, Ferrin-Tech, Westland Milk Products, Jarrow Formulas, Inc, Nirva Trading Limited Company and Hoogwegt, among others.
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