Lactoferrin - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Lactoferrin Market is accounted for $178.31 million in 2018 and is expected to reach $448.78 million by 2027 growing at a CAGR of 10.8% during the forecast period. Rising geriatric population and several enhancements in medical science are the major factors driving the market growth. However, a cheap substitute in the form of generics is restraining market growth.
Lactoferrin is a multifunctional protein of the transferrin family. Lactoferrin is a globular glycoprotein with a molecular mass of about 80 kDa that is widely represented in various secretory fluids, such as milk, saliva, tears, and nasal secretions. Lactoferrin is also present in secondary granules of PMNs and is secreted by some acinar cells. Lactoferrin can be purified from milk or produced recombinantly.
Based on the application, the sports & functional foods segment is likely to have a huge demand due to increasing participation and the awareness given for sports in addition, to the ageing population of the developed countries. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing awareness with a rising concern of maintaining their child health and increasing number of nuclear families in the region.
Some of the key players profiled in the Lactoferrin Market include Tatua Co-Operative Dairy Company Ltd, Synlait Milk Ltd, Royal FrieslandCampina, Merck KGaA, Ingredia SA, Glanbia PLC, Freedom Foods Group Ltd, Fonterra Co-operative Group Limited, Farbest Brands, and Bega Cheese Limited.
• Infant Formula
• Animal Feed
• Food & Beverages
• Sports & Functional Foods
• Personal Care Products
• Iron Absorption
• Intestinal Flora Protection
• Immune Cell Stimulation
• Mammal Milk
• Human Milk
• Iron-Free Apolactoferrin
• Iron-Rich Hololactoferrin
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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