Lactoferrin Market Size to Reach USD 395.75 Million by 2030

North America region is expected to witness the highest growth owing to rising incidence of bacteria-related diseases and disorders from 2022 to 2028, where the market is driven by increasing demand for lactoferrin in developing countries and emerging.

Dallas, 02 Feb. 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global lactoferrin market is expected to grow from USD 142.47 million in 2020 to USD 395.75 million by 2030, at a CAGR of 9.20 % over the forecast period 2021-2030.

Lactoferrin has antibacterial, antifungal, iron binding/transfer, antiviral, anti-carcinogenic and anti-inflammatory properties. These functional capacities of lactoferrin depend on the structure of the multifunctional protein. Lactoferrin is usually extracted from cow’s milk and therefore added and mixed into various commercial food products, for example in cosmetics, infant formula, toothpaste and nutritional supplements. This multifunctional protein is sensitive to denaturation caused by certain physico-chemical stresses and temperature. Therefore, the lactoferrin extraction process coupled with the processing parameters of food products containing lactoferrin must be improved and optimized in order to avoid denaturation. Lactoferrin is one of the important components of the immune system. The antibacterial and antifungal characteristics of the protein mainly act as a defense mechanism in the body. For this reason, lactoferrin offers antibacterial and antifungal capacity to human infants.

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Lactoferrin (formerly known as lactotransferrin) is a glycoprotein and is classified in the transferrin family. Lactoferrin has the ability to transfer and bind ferric ions (Fe3+). This multifunctional protein has many health benefits regarding antibacterial, antiparasitic, antifungal, antiviral and antitumor characteristics. Lactoferrin helps in bone growth, stimulates the recovery of immune system functions and protects the intestinal epithelium in the body. This multifunctional protein also helps to optimize the health and mental state of patients with Alzheimer’s disease. Thus, the increasing adoption of lactoferrin in developing countries has dominated the growth and development of the market. The increasing incidence of bacterial infections is the major factor driving the growth and development of the market. Many human infections are caused by viruses or bacteria. The increase in cases of dominated acne increases the demand for lactoferrin. Acne, also known as acne vulgaris, is a long-term skin condition that occurs when oil from dead skin follicles blocks hair follicles. Acne is caused by bacteria called P.acnes. Thus, lactoferrin is used to treat diseases related to bacteria.

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Key Players Operating in the Global Lactoferrin Market Tatua Co-Operative Dairy Company Ltd, Synlait Milk Ltd, Royal FrieslandCampina, Merck KGaA, Ingredia SA, Glanbia PLC, Freedom Foods Group Ltd, Fonterra Co-operative Group Limited, Farbest Brands, Bega Cheese Limited among others. To strengthen their position in the global lactoferrin market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

• In May 2018, Bega Bionutrients announced the launch of Inferrin which is a type of microencapsulated lactoferrin. Microencapsulation has the ability to deliver the benefits of lactoferrin so they can protect it from breakdown in the stomach. This new Inferrin is designed to increase the applications of food and dietary supplements related to lactoferrin.

• In March 2016, Mead Johnson Nutrition Company announced the launch of its new Afinitas product line to improve the diets of children around the world. To provide children with the functional and structural benefits they derive from breast milk, Finallyitas is comprised of lactoferrin and milk fat globule membrane. This launch will help the company strengthen its position in the market.

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The breast milk segment is the market with around 62% in 2020.

Source segment is divided into breast milk and cow milk. The breast milk segment has dominated to dominate the market with around 62% in 2020. The segmental growth is attributed to the fact that a large amount of lactoferrin is found in the breast milk, just after the baby is born, known as of colostrum. Colostrum contains high levels of lactoferrin, about seven times the amount found in breast milk that is produced on time.
The iron absorption segment dominated the market with a market share of around 28% in 2020

The functional segment includes iron absorption, antioxidants, antibacterials, anti-inflammatories, stimulation of immune cells and protection of intestinal flora. The iron absorption segment dominated the market with a market share of around 28% in 2020. The growth of the segment is attributed to the fact that lactoferrin is generally used to treat anemia disorders. Anemia occurs due to iron deficiency in hemoglobin. Anemia affects approximately 30% of the world’s population. Thus, this primary factor stimulated segmental growth.

Segment dominated by infant formula recorded the highest growth during the forecast period

By application, the market is segmented into infant formula, food and beverage, pet food, personal care products, pharmaceuticals, and sports and functional foods. The segment dominated by infant formula recorded the highest growth during the forecast period. The growth of the segment is mainly attributed to the binding property of ferric ions associated with lactoferrin. Also, lactoferrin has antibacterial and antifungal properties that act as an important agent of immunity in babies and infants.

Regional Segment Analysis of the Lactoferrin Market

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)

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Asia-Pacific region has emerged as the largest market for lactoferrin market with around 32% market revenue share in 2020. The regional growth is attributed owing to increasing demand for lactoferrin in developing countries. developing and emerging in the current scenario. The major organizations engaged in the production and manufacturing of lactoferrin are gradually expanding their base in the Asia-Pacific region due to the presence of a large consumer base coupled with the growing popularity of health consciousness among the people in and across the region. North America is expected to grow at the highest CAGR over the forecast period owing to the rising incidence of bacteria-related diseases and disorders.

About the report:

The global lactoferrin market is analyzed on the basis of value (USD million). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.

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