Market Analysis: Global Lactoferrin Market
Global Lactoferrin Market is expected to rise to an estimated value of USD 179.19 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Rising health awareness and growing demand for infant formula are the major factor for the market growth.
Lactoferrin is a kind of proteins which usually have iron binding and bactericidal and are present in cow and human milk. Usually, there is high level of lactoferrin is present in the first milk after the baby is born. These lactoferrin is also used as an antioxidant so that they can protect from viral and other bacterial infections by stopping the growth of protein by destroying their cell walls. Iron absorption, antibacterial, antioxidant, immune cell stimulation and other are some of the common function of the lactoferrin. These lactoferrin are used in industries such as infant formula, food and beverages, animal feed, sports food and others.
Lactoferrin Industry is a protein found in cow milk and human milk. Colostrum, the first milk produced after a baby is born, contains high levels of lactoferrin, about seven times the amount found in milk produced later on. Lactoferrin is also found in fluids in the eye, nose, respiratory tract, intestine, and elsewhere. People use lactoferrin as medicine
Key Market Competitors/ Top Players
Metagenics (Aust) Pty Ltd, Synlait Ltd, INGREDIA SA, Tatura Milk Industries Pty. Ltd., Glanbia plc, ProHealth, Inc., Fonterra Co-operative Group, Farbest Brands, MILEI GmbH, The Tatua Co-operative Dairy Company Limited, Bega Bionutrients, Ferrin-Tech, Parchem fine & specialty chemicals, BioVendor, Warrnambool Cheese and Butter Factory Company Holdings Limited, Saputo Inc., Westland Milk Products, Jarrow Formulas, Inc., CEDARLANE., Eriefoods.com, Nirva Trading Limited Company, Hoogwegt and others.
Market Drivers: Global Lactoferrin Market
- Increasing cases of bacterial infection among population will drive the market
- Growing popularity of lactoferrin based nutrition will also propel growth
- Rising usage of lactoferrin in cosmetic product is accelerating the market
- Availability of different f lactoferrin-induced products is also contributing as a factor for the market
- Rising disposable income is driving market
Market Restraints: Global Lactoferrin Market
- Lactoferrin ability to cause diarrhoea is restraining the market
- Increasing dosage intake can create problem such as skin rash, loss of appetite, chills and other which is also restricting the growth.
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Competitive Analysis: Global Lactoferrin Market
Global lactoferrin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lactoferrin market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Lactoferrin Market
Global Lactoferrin Market By Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant), Application (Food & Beverages, Infant Formula, Sports & Functional Food, Animal Feed, Pharmaceuticals, Personal Care Products), Type (Freeze Dried Lactoferrin, Spay Dried Lactoferrin), Product Type (Powder, Capsule, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Key Developments in the Market: Global Lactoferrin Market
- In May 2018, Bega Bionutrients announced the launch of the Inferrin which is a type of a microencapsulated lactoferrin. The microencapsulation has the ability to provide the benefits of lactoferrin so that they can protect it from degradation in stomach. This new Inferrin is designed so that they increase the applications of lactoferrin related food and dietary supplements
- In March 2016, Mead Johnson Nutrition Company announced the launch of their new product line Enfinitas so that they can enhance the nourishment in the children worldwide. To provide the children with functional and structural benefits they get from breast milk, Enfinitas consist of Lactoferrin and Milk Fat Globule Membrane. This launch will help the company to strengthen their position in the market
Key Insights in the report: Global Lactoferrin Market
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
Table of Content:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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Key points for analysis: Global Lactoferrin Market
- To describe and forecast the Sorbitol Market, in terms of value, by process, product type, and industry.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Company profiling with comprehensive approaches and methodologies, financials, and latest technological developments
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Lactoferrin Market growth
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