(EMAILWIRE.COM, September 17, 2018 ) In the year 2018, Global Lactoferrin Market was valued at USD 96.29 Billion. By the year 2023, it is expected to reach USD 143.46 Million at pace of 8.3% CAGR.

Lactoferrin is also known as multifunctional protein which is referred from the transferrin family. The derivative of the transferrin family is present in large amounts in various parts of the human body, including nasal secretions, tears, saliva, and milk. It has various properties such as anti-inflammatory, antimicrobial and immune cell stimulation. Lactoferrin is used in a variety of applications, including the preparation of yoghurt, nutritional powders, breath fresheners and infant formula.

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Underlying Causes

The growth for Lactoferrin market is driven due to factors like lactoferrin protein offers numerous health benefits in adults and infants, rising demand for lactoferrin products, increasing prevalence of bacterial and viral infections, growing health awareness among global population, rising aging population. In addition, favorable government policies, advancement of technologies, increasing R&D activities, introduction of new infant products which is expected to drive the market growth. However, high cost of products, and lack of awareness about lactoferrin products in the developing countries is expected to hinder the growth rate for Global Lactoferrin Market during the forecast period.

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Geographic Segmentation:

Based on geography the Lactoferrin market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific holds the largest market share in the global Lactoferrin Market due to rising birth rate infant, and increasing demand for infant formula is the driving factors in this region. Europe is expected to be the fastest growing market due to the favorable regulations regarding the use of lactoferrin in several products.

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Key Players:

Leading companies for Global Lactoferrin market are Glanbia Nutritionals, Westland Co-Operative Dairy Co. Ltd. Fonterra Co-Operative Group Ltd., MP Biomedicals, Synlait Milk Ltd., Ingredia SA, Vitalus Nutrition Inc., ProHealth, and Metagenics.

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Market Data Forecast.
Abhishek Shukla
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