Lactoferrin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Lactoferrin Market Analysis
Global lactoferrin market is projected to grow at a CAGR of 7.2% during the forecast period.
- 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 helpsin 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.
Lactoferrin Market Trends
This section covers the major market trends shaping the Lactoferrin Market according to our research experts:
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.
Europe Holds the Major Share
Owing to the robust performance in Germany and the United Kingdom, Europe generated a significant revenue share during the review period. Germany's most innovative food and industry sectors include the dairy industry with approximate milk production volume for 313 million metric ton in 2017. This, in turn, has provided a great opportunity to the lactoferrin manufacturers with increased application in different dairy products, such as organic yogurts. The increasing demand for performance nutrition is also driving the market. Consumers have started to opt for healthier beverages rather than carbonated drinks and soft drinks
Lactoferrin Industry Overview
The lactoferrin market is highly concentrated, with the presence of various regional and global players. The major players of the market have 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.
Lactoferrin Market Leaders
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Glanbia
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Royal FrieslandCampina
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Synlait
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Merck KGaA
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Fonterra
*Disclaimer: Major Players sorted in no particular order
Lactoferrin Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By End-user Application
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5.1.1 Food and Beverage
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5.1.2 Infant Nutrition
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5.1.3 Sports and Functional Supplements
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5.1.4 Pharmaceutical Industry
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5.1.5 Animal Feed
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5.1.6 Personal Care and Cosmetics
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 France
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5.2.2.4 Italy
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5.2.2.5 Russia
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5.2.2.6 Spain
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5.2.2.7 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Glanbia PLC
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6.3.2 Royal FrieslandCampina
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6.3.3 Synlait Milk Ltd
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6.3.4 Merck KGaA
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6.3.5 Fonterra Co-operative Group Limited
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6.3.6 Bega Cheese Limited
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6.3.7 Freedom Foods Group Ltd
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6.3.8 The Tatua Co-Operative Dairy Company Ltd
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6.3.9 Ingredia SA
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6.3.10 Farbest Brands
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Lactoferrin Industry Segmentation
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 | |||||||||
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Lactoferrin Market Research FAQs
What is the current Lactoferrin Market size?
The Lactoferrin Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Lactoferrin Market?
Glanbia, Royal FrieslandCampina, Synlait, Merck KGaA and Fonterra are the major companies operating in the Lactoferrin Market.
Which is the fastest growing region in Lactoferrin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Lactoferrin Market?
In 2024, the Europe accounts for the largest market share in Lactoferrin Market.
What years does this Lactoferrin Market cover?
The report covers the Lactoferrin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lactoferrin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Lactoferrin Industry Report
Statistics for the 2023 Lactoferrin market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Lactoferrin analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Lactoferrin Market Report Snapshots
