Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Lactoferrin Market Share, Size, Trends, Industry Analysis Report, By Application (Food & Beverages, Infant Formula, Sports & Functional Food, Pharmaceuticals, Personal Care Products); By Function; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global lactoferrin market size is expected to reach Usd 403.0 million by 2028, according to a new study. The report "Lactoferrin Market Share, Size, Trends, Industry Analysis Report, By Application (Food & Beverages, Infant Formula, Sports & Functional Food, Pharmaceuticals, Personal Care Products); By Function; By Region; Segment Forecast, 2021 - 2028" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing application of lactoferrin in infant formulations, food supplements, non-alcoholic beverages, and dietetic food is expected to be the major force behind the growth of the global industry during the forecast period. The rise in skin problems such as acne, increasing consumption of cosmetics products, and the awareness about the medicinal benefits of such products are expected to further drive the growth of the global industry over the coming years.
Lactoferrin is extensively helpful in infant formulation. Globally breastfeeding has decreased for infants after six months of age. In the US, only half of the infants (approximately 55%) are receiving breastfeeding and this will cause a significant nutritional deficiency in infants. Hence there is enormous demand for healthy infant formulations.
Acne is one of the major skin problems that affect nearly 50 million people annually in the United States alone. The use of lactoferrin in cosmetic products will improve the condition due to its anti-inflammatory and anti-microbial properties. All these factors augment the growth of this industry.
Asia Pacific is a major shareholder of the global industry in 2020, and the region is expected to have high growth during the projected timeframe. The increasing knowledge among the consumers for nutritional food supplements and cosmetic products in key emerging economies such as India, China, and Japan has led to the growth of the market. In addition, surging awareness for infant nutrition due to increasing new births will further fuel the market growth.
The emergence of COVID-19 is expected to have a positive effect on the growth of the global industry. The nasal, oral, and topical use of lactoferrin improves airflow into the lungs in COVID-19 patients. The Consumption of cosmetic products has not decreased during the pandemic due to the undisturbed supply of such products through e-commerce platforms.
Industry participants such as APS BioGroup, Bega Cheese Limited, Farbest Brands, Ferrin-Tech LLC, Fonterra Cooperative Group Ltd., FrieslandCampina, Glanbia PLC, Hilmar Cheese Company, Hoogwegt Group B.V., Ingredia SA, InVitria, Metagenics, Inc., Milei GmbH, MP Biomedicals, ND Pharma & Biotech Ltd., Pharming Group NV, ProHealth, Synlait Milk Ltd, Tatura Milk Industries Ltd, Warrnambool Cheese and Butter Company, and Westland Cooperative Dairy Co., Ltd. are some of the key players operating in the global market.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Lactoferrin Market Insights
4.1. Lactoferrin - Industry snapshot
4.2. Lactoferrin Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. The decline in breastfeeding rates
4.2.1.2. Awareness among consumers
4.2.2. Restraints and Challenges
4.2.2.1. Adulteration
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Lactoferrin Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Lactoferrin Market, by Function
5.1. Key Findings
5.2. Introduction
5.2.1. Global Lactoferrin Market, by Function, 2016 - 2028 (Tons) (USD Million)
5.3. Iron Absorption
5.3.1. Iron Absorption Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
5.4. Anti-Inflammatory
5.4.1. Anti-Inflammatory Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
5.5. Intestine Flora Protection
5.5.1. Intestine Flora Protection Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
5.6. Antibacterial
5.6.1. Antibacterial Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
5.7. Immune Cell Stimulation
5.7.1. Immune Cell Stimulation Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
5.8. Antioxidant
5.8.1. Antioxidant Function Market, by Region, 2016 - 2028 (Tons) (USD Million)
6. Lactoferrin Market Assessment by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Lactoferrin Market, by Application, 2016 - 2028 (Tons) (USD Million)
6.3. Food & Beverages
6.3.1. Lactoferrin Market for Food & Beverages Application, by Region, 2016 - 2028 (Tons) (USD Million)
6.4. Infant Formula
6.4.1. Lactoferrin Market for Infant Formula, by Region, 2016 - 2028 (Tons) (USD Million)
6.5. Sports & Functional Food
6.5.1. Lactoferrin Market for Sports & Functional Food, by Region, 2016 - 2028 (Tons) (USD Million)
6.6. Pharmaceuticals
6.6.1. Lactoferrin Market for Pharmaceuticals, by Region, 2016 - 2028 (Tons) (USD Million)
6.7. Personal Care Products
6.7.1. Lactoferrin Market for Personal Care Products, by Region, 2016 - 2028 (Tons) (USD Million)
6.8. Others
6.8.1. Lactoferrin Market for Other applications, by Region, 2016 - 2028 (Tons) (USD Million)
7. Lactoferrin Market Assessment by Geography
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. APS BioGroup
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Bega Cheese Limited
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Farbest Brands
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Ferrin-Tech LLC
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Fonterra Cooperative Group Ltd.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. FrieslandCampina
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Glanbia PLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Hilmar Cheese Company
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Hoogwegt Group B.V.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Ingredia SA
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. InVitria
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Metagenics, Inc.
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Milei GmbH
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. MP Biomedicals
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. ND Pharma & Biotech Ltd.
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Pharming Group NV
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. ProHealth
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.18. Synlait Milk Ltd
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Development
9.19. Tatura Milk Industries Ltd
9.19.1. Company Overview
9.19.2. Financial Performance
9.19.3. Product Benchmarking
9.19.4. Recent Development
9.20. Warrnambool Cheese and Butter Company
9.20.1. Company Overview
9.20.2. Financial Performance
9.20.3. Product Benchmarking
9.20.4. Recent Development
9.21. Westland Cooperative Dairy Co., Ltd.
9.21.1. Company Overview
9.21.2. Financial Performance
9.21.3. Product Benchmarking
9.21.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/j0o2zo
