Lactoferrin Market Size By Product (Apolactoferrin, Hololactoferrin), By Form (Capsules, Powder, Others), By Source (Rice Flour, Human Milk, Animal Milk {Bovine Milk, Porcine Milk, Caprine Milk, Ovine Milk}), By Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidants), By Application (Food & Beverage Products, Infant Formula, Sports & Functional Foods, Pharmaceuticals, Cosmetic & Personal Care Products, Animal Feed), By Distribution Channel (Supermarket/Hypermarket, Online, Drugstore, Nutrition & Health Food Store) Industry Analysis Report, Country Outlook Application Development, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Mar 2021  |  Report ID: GMI5014  |  Authors: Kunal Ahuja , Kritika Mamtani

Report Format: PDF   |   Pages: 365   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Lactoferrin Market size exceeded USD 195 million in 2020 and is estimated to grow at over 7.2% CAGR between 2021 and 2027. Increasing consumer attention towards the adoption of healthy dietary practices is likely to raise the demand for nutrient-rich ingredients such as lactoferrin in the coming years. Growing consumer awareness regarding the importance of animal health and proper nutrition should further boost the market growth.
 

Lactoferrin Market

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Lactoferrin is a part of the larger transferrin protein family and possesses excellent iron-binding properties. It performs the function of an antioxidant in different drug formulations used to cure bacterial and viral infections, it is also used to cure various disorders related to human digestive system. Lactoferrin can be obtained from different sources including rice flour, human milk and animal milk. The first human milk produced after the birth of a baby; Colostrum contains about seven times more lactoferrin than the milk produced afterwards.
 

However, high cost of lactoferrin increases the overall cost of the final product, which is likely to restrict its uses in various end use applications. Moreover, increasing efforts being undertaken by governments of different nations and organizations who work for the benefits of women and infants across the world to encourage breastfeeding may restrict the use of lactoferrin-based infant formula products to some extent throughout the assessment period. Furthermore, the perception among consumers that consumption of bovine lactoferrin may lead to the transmission of mad cow’s disease is likely to further restrict the use of lactoferrin products among consumers, thus hampering the lactoferrin market demand.
 

Lactoferrin Market Report Coverage
Report Coverage Details
Base Year:2020Historical Data for:2016 to 2019
Market Size in 2020:197.20 Million (USD)Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:7.2%No. of Pages:365
2027 Value Projection:315 Million (USD) Tables, Charts & Figures:509
Geographies covered (20):U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, UAE, South Africa, Saudi Arabia
Segments covered:Product, Form, Source, Function, Application, Distribution Channel
Growth Drivers:
  • North America: Rising product demand from pharmaceutical sector
  • Europe: Increasing instances of skin-related issues and dermatological problems
  • Asia Pacific:
    • Increasing consumption of infant formula products
    • Growing consumer awareness regarding animal health and nutrition
Pitfalls & Challenges:
  • High cost of lactoferrin
  • Increasing efforts by government and regional organizations to promote breastfeeding

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Excellent properties of apolactoferrin such as anti-microbial property and ability to prevent lipid peroxidation to promote the market forecasts

Global Lactoferrin Market Size, By Apolactoferrin Product

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Apolactoferrin is the most widely available form of lactoferrin and was valued at over USD 135 Million in 2020. Apolactoferrin is expected to continue its dominance over the forecast period owing to the excellent properties exhibited by it including anti-microbial property and ability to prevent lipid peroxidation. The abundant availability of apolactoferrin can be justified by the fact that apolactoferrin constitutes nearly 90% of the lactoferrin found in human milk. Ability of apolactoferrin to reduce the risk of delayed-onset septicaemia among new-born babies is expected to raise the product demand from infant formula products and boost the lactoferrin market outlook.
 

Increasing demand from different end use applications such as sports nutrition, physical fitness, and dietary supplementation to escalate the demand for lactoferrin capsules

Global Lactoferrin Market

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Ability of lactoferrin capsules to enhance power and endurance by transporting oxygen more efficiently to the body parts which need it by activating the iron in blood during intensive workouts is likely to favor its use on sports nutrition and physical fitness applications. In view of health and dietary benefits offered by lactoferrin such as iron transportation and providing digestive comfort and rising consumer demand for organic and vegan ingredients in sports nutrition products, key players such as Glanbia have shifted their focus towards incorporating lactoferrin as an essential ingredient in their products, thus driving lactoferrin market share.
 

Ease of processing coupled with abundant availability of rice is likely to raise the demand for rice flour lactoferrin

Global Lactoferrin Market

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Rice flour lactoferrin held a major share in the market and was valued at over USD 125 Million in 2020. The increasing use of rice flour for manufacturing lactoferrin can be attributed to its abundant availability in different regions across the globe. Rice is one of the most abundantly cultivated crops in several countries of the world. Moreover, the ease of manufacturing and processing lactoferrin from rice flour for use in nutritional supplements adds to its popularity among the different sources used to produce lactoferrin. Production of lactoferrin from rice flour also eliminates the step of purification before converting it into the desired final product, which is likely to make it an ideal source for production of lactoferrin during the assessment period.  
 

Increasing demand for lactoferrin for treatment of anaemia to boost product demand as iron absorbing ingredient

The iron-binding property of lactoferrin imparts it a bacteriostatic effect, which facilitates its use in treatment of anaemia and other disorders caused due to iron deficiency. Moreover, its ability to boost the function of immune system cells helps in reducing the inflammation reaction in human body, thus encouraging usage of the product and bolstering market growth. Global lactoferrin market from iron absorbing function is expected to reach over USD 115 Million by 2027 growing at a CAGR of 7.4% from 2021 to 2027. Rising instances of nutritional deficiency among the global population and increasing instances of post-operative anaemia among hospitalized patients should further promote the market trends.
 

Global Lactoferrin Market

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Increasing working women population and growing concerns regarding infant nutrition to boost product demand from infant formula application

Global Lactoferrin Market

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Lactoferrin is being increasingly used in infant formula products owing to its ability to strengthen the new-born immune system by enhancing anti-infective and anti-inflammatory activities and increasing iron absorption in the infant’s gut. Rising consumer awareness regarding the importance of infant health and nutrition coupled with the increasing participation of women in work force is likely to drive product demand from infant formula products. Increasing new product innovations by infant formula manufacturers to improve the taste profile of infant formula products without compromising on its nutritive value should further augment the market statistics. Global lactoferrin market from infant formula application is likely to reach over USD 110 Million by 2027.
 

Availability of a wide range of products under a single roof to promote distribution of lactoferrin products through hypermarkets/supermarkets

Global Lactoferrin Market

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Consumers are increasingly preferring hypermarkets/supermarkets as a convenient medium for the purchase of lactoferrin products in the recent years owing to a wide variety of product categories available under a single roof. Effective branding and marketing initiatives undertaken by hypermarkets/supermarkets such as increasing the popularity of their products through informative leaflets and circulars coupled with employment of health executives and lactation product experts by hypermarkets and supermarkets to promote the sales of lactoferrin products should further increase the popularity of hypermarkets/supermarkets distribution channel in the market between 2021 and 2027.
 

Rising birth rates & increasing consumer awareness regarding the importance of child health & nutrition to drive the Asia Pacific Lactoferrin Market demand

Asia Pacific Lactoferrin Market

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Asia Pacific emerged as a dominant region with a market value of over USD 80 Million in 2020 and is expected to register a CAGR of 7.7% between 2021 and 2027. This is mainly attributed to the high birth rate among the population, increasing spending capacity of people and increasing awareness regarding infant health and nutrition since past few years. Moreover, increasing consumer awareness regarding the importance of maintaining a healthy glowing skin is likely to further raise the product demand from the cosmetics & personal care sector, thus positively contributing to regional lactoferrin market outlook.
 

Increasing investment in R&D and product innovations by industry participants to accelerate market competitiveness

Key players operating in the Lactoferrin market are Pharming Group NV, Synlait Milk Ltd., Metagenics, Inc., MP Biomedicals, Westland Cooperative Dairy Co., Ltd., APS BioGroup, Glanbia plc, Farbest Brands, Milei GmbH, Fonterra Cooperative Group Ltd., InVitria, Hoogwegt Group B.V., Bega Cheese Limited, Ferrin-Tech LLC, Warrnambool Cheese and Butter Company, FrieslandCampina and ND Pharma & Biotech Ltd.
 

The Global Lactoferrin market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2016 to 2027 for the following segments:

By Product

  • Apolactoferrin
  • Hololactoferrin

By Form

  • Capsules
  • Powder
  • Others

By Source

  • Rice Flour
  • Human Milk
  • Animal Milk
    • Bovine Milk
    • Porcine Milk
    • Caprine Milk
    • Ovine Milk
    • Others

By Function

  • Iron absorption
  • Anti-Inflammatory
  • Intestinal Flora Protection
  • Antibacterial
  • Immune Cell Stimulation
  • Antioxidant

By Application

  • Food & Beverage products
  • Infant Formula
  • Sports & Functional Foods
  • Pharmaceuticals
  • Cosmetics
  • Animal Feed
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Online
  • Drugstore
  • Nutrition & Health Food Store
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Australia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The global market for lactoferrin products was over USD 195 million in 2020 and is anticipated to expand at more than 7.2% CAGR across the forecast period 2021-2027.
The market or rice flour sourced lactoferrin had reached USD 125 million in value during 2020 and will grow due to the abundant availability of the raw material worldwide.
The industry share from iron absorbing function segment is projected to witness around 7.4% CAGR up to 2027 with increasing global prevalence of nutritional deficiency.
APAC lactoferrin industry size is expected to register around 7.7% CAGR over 2021-2027 owing to higher awareness regarding the health and nutrition of infants, as well as improved cosmetics demand.

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Premium Report Details

  • Published Date: Mar 2021
  • Pages: 365
  • Tables: 491
  • Charts / Figures: 18
  • Companies covered: 17
  • Countries covered: 20

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