The global Lactoferrin market is projected to grow at a CAGR of 6.8% during the forecast period (2020-2026). The major factors that drive the growth of the market include a wide range of applications of lactoferrin used in various end-use industries. Increased awareness amongst the people regarding diet and health along with the increased cases of skin-related health disorders is expected to upsurge the demand for proper treatment and medications. Hence, this drives the growth of the global lactoferrin market over the forecast period.
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Lactoferrin possesses antibacterial, anti-parasitic, antiviral, catalytic, and anti-allergic properties and functions which are highly demanded from pharmaceutical and personal care industries. It is used as an effective treatment measure for treating stomach and intestinal ulcers, diarrhea, and hepatitis C. Besides, it is also widely accepted as an effective treatment for acne. As per the American Academy of Dermatology, in the US, acne is among the most prevalent skin condition. It affects nearly 40-50 million people in the US annually. Hence, for the treatment of such skin condition, lactoferrin has been proven effective, as owing to its anti-inflammatory properties, it eliminates the main food source for pathogens by neutralizing its contributors. Thus, this further contributes to the growth of the global lactoferrin market over the forecast period.
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Global Lactoferrin Market Segmentation
By Function
- Antioxidant
- Anti-Inflammatory
- Antibacterial
- Iron Absorption
- Intestine Flora Protection
- Immune Cell Stimulation
By End-Use
- Infant Formula
- Food Products
- Pharmaceuticals
- Personal Care Products
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Competitive Landscape
- BioQuad Lifesciences
- Bega Cheese Ltd.
- Farbest Brands
- Ferrin-Tech LLC
- Fonterra Cooperative Group Ltd.
- Freedom Foods Group Ltd.
- Glanbia PLC
- Hoogwegt Group B.V.
- Ingredia SA
- InVitria
- Merck KGaA
- Metagenics, Inc.
- Milligans Food Group
- Morinaga Milk Industry Co. Ltd.
- ND Pharma & Biotech Ltd.
- Royal FrieslandCampina
- Synlait Milk Ltd.
- The Tatua Co-Operative Dairy Co. Ltd.
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