According to the
current analysis of Reports and Data, the global Lactoferrin
Market was valued at USD 189.6 million in 2018 and is expected to
reach USD 329.7 million by the year 2026, at a CAGR of 7.3%. Iron deficiency
and diarrhea are two of the most significant issues for global health. Iron
deficiency anemia is the most common nutritional deficiency in the world,
affecting nearly 25% of the world population (UNICEF/WHO 1999).
Statistical
data indicating product consumption across all these topographies have been
cited in the report. These particulars additionally consist of a basic summary
of the corporations, company profile, and the product portfolio of the company
in focus. The report analyses the gathered information relating to the profits
accrued, sales, gross margins, price patterns, revenue and updates on the
activities of the company.
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Key Players:
Some of the key market players
for this market are Metagenics, Inc., Pharming Group NV, Westland Cooperative
Dairy Co., Ltd, Synlait Milk Ltd., Ingredia SA, MP Biomedicals, Tatura Milk
Industries Ltd, Glanbia PLC, APS BioGroup, and ProHealth.
Further
key findings from the report suggest:
- Bovine milk is by far the largest
source from which lactoferrin is derived for human consumption. Other
mammalian species from which lactoferrin is extracted include pigs, and
rodents from the family Muridae.
- Transgenic rice is also being grown
which expresses lactoferrin, and from which the ingredient could be easily
extracted
- In 2019, Freedom Foods of Australia
announced plans to start production of lactoferrin from its new plant
based in Shepparton. The firm is active in the infant formulation production,
functional foods and beverages sector
- Europe is dominating the market,
with the highest market share of 30.% in 2018. Germany contributed the
largest revenue share to the European Lactoferrin market. The Netherlands
is also a significant contributor to this market due to the country’s
large dairy sector
- Anti-oxidant and anti-microbial
properties of the ingredient have helped lactoferrin to be an ingredient
for choice in infant formulations and functional foods
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Market
Segmentation:
Source (Revenue, USD
Million; 2016–2026)
- Bovine milk
- Rice Flour
- Porcine milk
- Human milk
- Caprine milk
- Murine milk
- Others
Applications (Revenue,
USD Million; 2016–2026)
- Iron Absorption
- Anti-Inflammatory
- Antibacterial
- Antioxidant
- Other
End user (Revenue, USD
Million; 2016–2026)
- Food and Beverage
- Infant Nutrition
- Functional Supplements
- Pharmaceutical Industry
- Others
Regional Outlook
(Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Lactoferrin market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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