Lactoferrin Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Lactoferrin market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Lactoferrin Market report is anticipated to register a CAGR of 4.9% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Lactoferrin Market are –
- Bega Bionutrients
- Farbest Brands
- Fonterra Co-operative Group
- Glanbia plc
- Ingredia Nutritional
- Kerry Inc.
- MP Biomedicals
- Synlait Milk Ltd.
- Tatura Milk Industries Ltd.
Lactoferrin Market Insights
The global lactoferrin market is expected to grow with a value CAGR of 4.9% over the forecast period (2020-2023).
Lactoferrin is an iron binding protein which is majorly found in milk. Lactoferrin is derived from the transferrin family and is a multifunctional protein. In the current market picture, lactoferrin is being used in wide variety of uses. Transferrin are glycoproteins and are known to have the ability to control the free iron content in the human body including tears, nasal secretions, milk and saliva. The multifunctional protein helps to separate the iron which is free in the body and eliminate any content which is responsible for stimulating bacterial activity. This family of protein also helps in inhibiting the bacterial growth by binding the lipopolysaccharides with bacterial cell walls and thus forming peroxides. This makes lactoferrin popular in healthcare sector exclusively responsible for prevention and curing of infectious diseases. This factor is expected to rocket the global lactoferrin market over the forecast period (2020-2023).
Increasing Usage of Lactoferrin in Infant Formula to Drive Growth
Lactoferrin is one of the most valued additive in the infant milk formulae which is a major driver for global lactoferrin market over the forecast period. Bovine version of lactoferrin has been authorized for the inclusion in infant formulae all across the world and is being broadly used in the nutritional product preparations for infants. This is expected to drive the global lactoferrin market over the forecast period. Lactoferrin is one of the most prominent protein in breast milk and it has been extensively accepted that breastfeeding is the best food for newborns.
According to the recent researches, lactoferrin from human milk has been found to be responsible for the resistance of newborns to infections and other activities which are responsible for maintaining the adequate infant health. Rising number of working women across the globe has led to a decrease in infant health which is becoming one of the major factors encouraging the designing of infant formulae on the composition of human milk. The manufacturers of lactoferrin are making strategic efforts towards manufacturing infant formulas which are not only perceived as nutritional compounds but also similar functional effects than human milk.
Infant Formulae- The Fastest Growing Segment in Lactoferrin Market
With the demand of lactoferrin increasing from the infant formula industry, the infant formula is expected to be the largest segment over the forecast period (2020-2023). The multifunctional protein is the key component of human milk required for infants as they help in iron absorption and its transportation. Cow milk contains the multifunctional protein in minute quantities of 0.1 mg/mL, whereas infants require it in the quantities of 2-3 mg/mL. Commercially produced infant formula with lactoferrin content has high iron absorption, antibacterial, and antioxidation properties. This factor is projected to thrust the revenues of infant formula segment growth over coming years.
APAC to Register Significant Growth Rate over the Forecast Period in Lactoferrin Market
The awareness in the developing regions like Asia-Pacific is growing with a rising concern of maintaining their child health. This has led to an increased demand for infant formulae formulated using lactoferrin. The increasing number of nuclear families in the region has been constantly rising. There is also a considerable increase in the number of dual income families which has largely shifted the parents concerns to food which can assist in a healthy development of their children. The region is expected to register a highest CAGR over the forecast period (2020-2023).
Lactoferrin Market Key Developments
June 2016 – Fonterra officially opened its USD 11 million upgrade to its lactoferrin plant at its processing site at Hautapu, near Cambridge.
February 2016 – NutriScience Innovations rolled out its new spray dried lactoferrin to provide greater dissolvability for certain applications.
Lactoferrin Market Competitive landscape
The major players - Bega Bionutrients, Farbest Brands, Ferrin-Tech, LLC, Fonterra Co-operative Group, Glanbia plc, Ingredia Nutritional, InVitria, Kerry Inc., MP Biomedicals, LLC., Synlait Milk Ltd., Tatua and Tatura Milk Industries Ltd., among others.
Reasons to Purchase the Lactoferrin Market Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Scope of the Report:
The report analyses Lactoferrin market, which includes –
- Analysis of the growth of Lactoferrin market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Lactoferrin market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Lactoferrin market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Lactoferrin market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Lactoferrin Market Report:
- Varying dynamics of the Lactoferrin industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Lactoferrin market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Lactoferrin market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Lactoferrin Market Report:
- The report analyses how stringent emission control norms will drive the global Lactoferrin market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Lactoferrin market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Lactoferrin:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
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