Newly released data from lactoferrin market analysis by Future Market Insights shows that global consumption of lactoferrin enjoyed year-on-year (YoY) growth of 5.0% in 2021 to total sales of US$ 192.8 Mn in the year. The overall demand for lactoferrin captivates 33% of the global milk ingredients market and is poised to witness a prominent growth at 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.
Surging demand for lactoferrin can be traced back to increasing consumer awareness about iron deficiencies and diseases such as anemia of inflammation. The global medical community contributes to this surge by investigating its nutritional properties and benefits in treating a variety of symptoms. Food & beverage product manufacturers are increasingly adopting lactoferrin as an ingredient in manufacturing alcoholic beverages, bakery items, and infant formulas.
For more Insights into the Market, Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11070
Medical applications of Lactoferrin thrust global lactoferrin market to grow at a healthy CAGR of more than 5.9% between 2019 and 2029. Traction from medical community can be attributed to the increase in number of skin diseases, iron & inflammatory homeostasis issues, and anemia of inflammation in the world. This cationic glycoprotein (Lactoferrin) is a nutritional ingredient in food & beverage products such as infant formula, food supplements, sports nutrition, non-alcoholic beverages, and bakeries.
Dietary supplements will lead demand generation by supplement type. Lactoferrin has found numerous applications amid confirmation of its benefits from the medical community. Consumers are increasingly looking for lactoferrin dietary supplements that help in managing gut health.
“Surging demand for lactoferrin from baby-foods, and dietary supplements will drive market growth. Market players are focusing on research and development of new lactoferrin products with applications in untapped industries.” -FMI Analyst
Key Takeaways of Lactoferrin Market Study
Competitive Landscape
The global lactoferrin market is locally concentrated amid strong presence of various regional and global players. Market players shaping the global lactoferrin market are Glanbia plc, Fonterra Co-operative Group Ltd., Vitalus Nutrition Inc., NutriSciences, Milei GmbH, Pharming Group NV, Nestle SA., Bega Cheese Group, Farbest Brands, and InVitria. Companies aim to establish a competitive advantage by research & development of innovative products that differentiate their product offerings based on functional benefits.
Market Segmentation
The global lactoferrin market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Form
Table Of Content
1. Global Lactoferrin Market – Executive Summary
1.1. Global Market Outlook
1.2. Industry Roadmap
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Demand Analysis by Form
3.2.1. Cow’s Milk
3.2.2. Human Milk
3.2.3. Genetically Modified Rice
3.3. Product Innovation / Development Trends
3.3.1. Cultural Customization to Target Specific Population and Ethnic Group
3.3.2. Creating New Delivery Mechanisms
3.3.3. Indication Specific / Targeted Supplement Formulation
3.3.4. Shift Toward Natural Ingredients
3.3.5. Preferential Inclination towards Non-Modified Functional Ingredients
3.3.6. Transformed Packaging to Suit Customer Orientation
3.3.7. Brand Differentiation through Packaging
4. Key Success Factors
4.1. Product Usage Analysis
4.2. Product USPs / Features
5. Market Background
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Surging demand for lactoferrin can be traced back to increasing consumer awareness about iron deficiencies and diseases such as anemia of inflammation. The global medical community contributes to this surge by investigating its nutritional properties and benefits in treating a variety of symptoms. Food & beverage product manufacturers are increasingly adopting lactoferrin as an ingredient in manufacturing alcoholic beverages, bakery items, and infant formulas.
For more Insights into the Market, Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11070
Medical applications of Lactoferrin thrust global lactoferrin market to grow at a healthy CAGR of more than 5.9% between 2019 and 2029. Traction from medical community can be attributed to the increase in number of skin diseases, iron & inflammatory homeostasis issues, and anemia of inflammation in the world. This cationic glycoprotein (Lactoferrin) is a nutritional ingredient in food & beverage products such as infant formula, food supplements, sports nutrition, non-alcoholic beverages, and bakeries.
Dietary supplements will lead demand generation by supplement type. Lactoferrin has found numerous applications amid confirmation of its benefits from the medical community. Consumers are increasingly looking for lactoferrin dietary supplements that help in managing gut health.
“Surging demand for lactoferrin from baby-foods, and dietary supplements will drive market growth. Market players are focusing on research and development of new lactoferrin products with applications in untapped industries.” -FMI Analyst
Key Takeaways of Lactoferrin Market Study
- Clinical nutrition exhibits share-wide and growth-wise majority in the global lactoferrin market between 2019 and 2029.
- North America and Latin America collectively account for more than 35% of the lactoferrin market.
- East Asia offer the most lucrative growth opportunities with a dexterous growth rate of more than 7%.
- Dietary supplements are expected maintain share-wide and growth-wise supplement type leadership with 33% of market share.
- Drugstores lead the market sales channels owing to established consumer behavior of buying medicinal products off the shelf.
Competitive Landscape
The global lactoferrin market is locally concentrated amid strong presence of various regional and global players. Market players shaping the global lactoferrin market are Glanbia plc, Fonterra Co-operative Group Ltd., Vitalus Nutrition Inc., NutriSciences, Milei GmbH, Pharming Group NV, Nestle SA., Bega Cheese Group, Farbest Brands, and InVitria. Companies aim to establish a competitive advantage by research & development of innovative products that differentiate their product offerings based on functional benefits.
Market Segmentation
The global lactoferrin market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Form
- Powder
- Liquid
- Pellets
- Baby Foods
- Shielding
- Dietary Supplements
- Veterinary Supplements
- Sports Nutrition
- Infant Formulas
- Clinical Nutrition
- Veterinary Nutrition
- Specialty Stores
- Drugstores
- Modern Trade Channel
- Third Party Online Channels
- Direct-to-Customer Channels
Table Of Content
1. Global Lactoferrin Market – Executive Summary
1.1. Global Market Outlook
1.2. Industry Roadmap
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Demand Analysis by Form
3.2.1. Cow’s Milk
3.2.2. Human Milk
3.2.3. Genetically Modified Rice
3.3. Product Innovation / Development Trends
3.3.1. Cultural Customization to Target Specific Population and Ethnic Group
3.3.2. Creating New Delivery Mechanisms
3.3.3. Indication Specific / Targeted Supplement Formulation
3.3.4. Shift Toward Natural Ingredients
3.3.5. Preferential Inclination towards Non-Modified Functional Ingredients
3.3.6. Transformed Packaging to Suit Customer Orientation
3.3.7. Brand Differentiation through Packaging
4. Key Success Factors
4.1. Product Usage Analysis
4.2. Product USPs / Features
5. Market Background
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
