Global Lactoferrin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global lactoferrin market in its upcoming report titled, “Global Lactoferrin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global lactoferrin market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lactoferrin market report has been segmented on the basis of function, application, and region.

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Lactoferrin also known as lactotransferrin, is a naturally occurring glycoprotein found in various secretory fluids such as milk, saliva, tears, and nasal secretions. It is a member of a transferrin family, which includes protein capable of binding and transferring iron (Fe3+) ions in the body. Colostrum is the first milk produced after baby is born, and contains high level of lactoferrin, which is over seven times the amount found in milk produced post processing.

Increasing demand for lactoferrin in production of infant formula, which helps in iron absorption/transport and acts as an antimicrobial agent is a key factor driving growth of the global lactoferrin market. High demand for lactoferrin in pharmaceuticals industry for formulating medicines to boost functions of immune system, preventing inflammations, fights against cancer cells, promote bone health, treatment of allergies and asthma, and high presence of antioxidants is another factor further expected to boost growth of the global lactoferrin market over the forecast period.

Lactoferrin has other wide applications including: in cosmetics industry for treatment of acne and damaged skin, in animal feed to support growth of poultry, and other animals, and in sports and functional foods, owing to its anti-bacterial, anti-fungal, and anti-viral properties for boosting immune system are other important factors expected to contribute growth of target market.

However, several side effects associated with excessive consumption of lactoferrin include diarrhea, constipation, abdominal pain, and other skin allergies, which are major factors expected to hamper growth of the global lactoferrin market over the forecast period.

The market in Asia Pacific is expected to dominate the global lactoferrin market and account for major share in terms of revenue, increased demand for infant formula from countries such as China and India, owing to high birth rate in countries in the region. The market in Europe is expected to account for second-highest revenue contribution in the global lactoferrin market, owing to high demand for functional foods in counties in the region. The market in Europe, is followed by markets in North America, Latin America, and Middle East & Africa.

Global Lactoferrin market segmentation:

Segmentation by function:

• Iron absorption
• Anti-inflammatory
• Intestinal flora protection
• Antibacterial
• Immune cell stimulation
• Antioxidant

Segmentation by application:

• Food & beverages
• Infant formula
• Sports & functional food
• Animal feed
• Pharmaceuticals
• Personal care products

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Fonterra Co-Operative Group Ltd.
• Glanbia Nutritionals
• Synlait Milk Ltd.
• Vitalus Nutrition Inc.
• Metagenics, Inc.
• Ingredia SA
• Agennix Inc.
• Morinaga Milk Industry Co. Ltd.
• Taradon Laboratory S.P.R.L
• Ventria Bioscience Inc.