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Lactoferrin Market - Growth, Trends, and Forecast (2019 - 2024)

Global Lactoferrin Market is segmented by End-user Application (Food and Beverage, Infant Nutrition, Sports and Functional Supplements, Pharmaceutical Industry, Animal Feed, and Personal Care and Cosmetics) and Geography.

Market Snapshot

Snapshot
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR%(2019-2024):

7.26%

Key Players:

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Market Overview

The global lactoferrin market is forecasted to reach USD 221.8 million by 2024, registering a CAGR of 7.26% over the forecast period (2019 – 2024).

  • The lactoferrin market is highly driven by the increasing usage of lactoferrin in various applications, such as infant formula, food supplements, sports nutrition, dietetic food, non-alcoholic beverages, bakery, etc. It helps in developing resistance in newborns toward various infections and also has many biological activities that are essential for maintaining infant health.
  •  The European Food Safety Authority (EFSA) categorized lactoferrin as a safe milk protein to be used in various applications. The lactoferrin market was dominated by Europe, followed by North America and Asia-Pacific. With the growing demand and wide range of applications in Asia-Pacific, the market for lactoferrin has high growth potential in the developing countries. 

 

Scope of the Report

The lactoferrin market is segmented by end-user application into food and beverage, infant nutrition, sports and functional supplements, pharmaceutical industry, animal feed, and personal care and cosmetics. The geographical analysis of the market has also been included in the market.

By End-user Application
Food and Beverage
Infant Nutrition
Sports and Functional Supplements
Pharmaceutical Industry
Animal Feed
Personal Care and Cosmetics
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Strong Growth Potential in the Developing Countries

The consumer’s preference for cosmeceutical products that combine cosmetic and pharmaceutical features, such as acne treatment and anti-aging, is increasingly becoming popular and is estimated to witness growth at 10% - 20% per annum in the Asia-Pacific region. Personal care is a major market in China, Australia, and India. Hence, lactoferrin is expected to record a surging demand for its applications in acne care products, as lactoferrin combined with vitamin A and zinc acts as a key ingredient for mild to moderate acne. Dairy proteins are considered the most important sources of bioactive peptide. There has been an increase in the usage of these peptides in various sports nutrition and nutraceuticals, owing to the rise in awareness on various health issues, along with growing population and increasing disposable income.

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The Sports and Functional Supplements Segment Holds the Major Share

Sports and functional supplements are the major application of lactoferrin. The increasing participation and the awareness given for sports, in addition with the ageing population of the developed countries, are the key factors driving the demand for the supplements market. The protein necessity of the fitness world and advantages associated with lactoferrin-based supplements, especially its iron binding property, are boosting the market. Manufacturers are conducting research to incorporate lactoferrin in supplement formulation and expand their product portfolio. Incorporating lactoferrin has many advantages, such as accelerates bone and joints healing and prevents bone loss induced by ovariectomy.  

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Competitive Landscape

The lactoferrin market is highly concentrated, with the presence of various regional and global players. The major players of the market has its presence all across the world. The companies try to have a competitive advantage by expanding their product range, differentiation, functional benefits, etc. The market is dominated by players, like Synlait Milk, Fonterra, Bega Cheese Ltd, FrienslandCampina, etc.

Major Players

  1. Glanbia
  2. Royal FrieslandCampina
  3. Synlait
  4. Merck KGaA
  5. Fonterra

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By End-user Application

      1. 5.1.1 Food and Beverage

      2. 5.1.2 Infant Nutrition

      3. 5.1.3 Sports and Functional Supplements

      4. 5.1.4 Pharmaceutical Industry

      5. 5.1.5 Animal Feed

      6. 5.1.6 Personal Care and Cosmetics

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Russia

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Glanbia PLC

      2. 6.3.2 Royal FrieslandCampina

      3. 6.3.3 Synlait Milk Ltd

      4. 6.3.4 Merck KGaA

      5. 6.3.5 Fonterra Co-operative Group Limited

      6. 6.3.6 Bega Cheese Limited

      7. 6.3.7 Freedom Foods Group Ltd

      8. 6.3.8 The Tatua Co-Operative Dairy Company Ltd

      9. 6.3.9 Ingredia SA

      10. 6.3.10 Farbest Brands

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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