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Lactoferrin Market size to exceed $315mn by 2027

  • Published Date: March 25, 2021

Lactoferrin market size is set to surpass USD 315 million by 2027, according to a new research report by Global Market Insights, Inc

Growing consumer inclination towards the adoption of a healthy dietary lifestyle is driving consumer attention towards nutrient-rich ingredients in food products, which is likely to raise the demand for lactoferrin in the coming years. Moreover, growing consumer preference for the use of organic and vegan ingredients in food products should further propel growth of the lactoferrin industry in the coming years.

Highly efficient iron-binding ability to boost the demand for hololactoferrin from pharmaceutical sector

The ability of hololactoferrin to bind iron more effectively than apolactoferrin facilitates its use in manufacturing different drug formulations in the pharmaceutical sector. Increasing instances of nutrient deficiency owing to increasing food scarcity demands an increased consumption of drugs and pharmaceutical formulations for treating anemia and iron deficiencies. Besides, the ability of hololactoferrin to improve the chemotherapeutic effects of tamoxifen used in the treatment of breast cancers is expected to further raise product demand from the healthcare sector. Hololactoferrin segment of lactoferrin market is expected to exceed USD 85 Million by 2027.

Browse key industry insights spread across 365 pages with 490 market data tables and 25 figures & charts from the report, “Lactoferrin Market Forecasts By Product (Apolactoferrin, Hololactoferrin), Form (Capsules, Powder, Others), Source (Rice Flour, Human Milk, Animal Milk {Bovine Milk, Porcine Milk, Caprine Milk, Ovine Milk}), Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidants), Application (Food & Beverage Products, Infant Formula, Sports & Functional Foods, Pharmaceuticals, Cosmetic & Personal Care Products, Animal Feed), Distribution Channel (Supermarket/Hypermarket, Online, Drugstore, Nutrition & Health Food Store), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

Ease of usage coupled with increasing consumption of infant formula products to boost the demand for powdered based lactoferrin

Powdered lactoferrin market was valued at over USD 85 Million in 2020 and is expected register more than 7.7% CAGR between 2021 and 2027. This is mainly ascribed by its easy miscibility in any fluid medium. Moreover, nutritional supplements in the liquid form such as shakes and drinks require ingredients in the powder form for their use, which is likely to raise the product demand from the sports industry. Growing concerns regarding child nutrition especially by working women population should escalate product demand from the infant formula application.

Excellent properties of bovine lactoferrin such as anti-infective, anti-cancer, and anti-inflammatory coupled with increased cattle breeding activities to raise the demand for bovine lactoferrin

Bovine lactoferrin market was valued at over USD 25 Million in 2020 and is expected to grow at over 6.3% CAGR over the forecast period. Bovine lactoferrin exhibits remarkable properties such as anti-infective, anti-cancer, and anti-inflammatory which facilitates its use in treating various digestive and non-digestive tract issues in humans. Rising demand for bovine lactoferrin for treatment of Helicobacter pylori infection, chronic hepatitis C, tinea pedis disorders is expected to further foster the market share.

Rising prevalence of infection transmission diseases coupled with excellent antiviral properties of lactoferrin to raise product demand as immune cell stimulant

Use of lactoferrin for immune cell stimulation is expected to grow at a CAGR of 8.1% in the coming years owing to the rapid spread of infectious diseases across the globe. Lactoferrin directly interacts with cell structure components by binding cell surface targets which aids in improving the overall immune response of the body. Rapid transmission of infectious diseases such as COVID-19 have driven consumer focus towards improving their immunity and resistance power to various diseases, which is likely to increase the acceptance of lactoferrin among consumers in the years to come.

Growing instances of dermal issues owing to the adverse effects of harsh environmental conditions to escalate lactoferrin demand from cosmetic and personal care application

Global lactoferrin market from cosmetic and personal care applications is expected to surpass USD 25 Million by 2027. This high growth rate of lactoferrin in cosmetic and personal care sectors is mainly attributed to increasing instances of skin related issues including acne and pimples confronting the global population. Anti-bacterial, anti-inflammatory, and anti-parasitic properties of lactoferrin are likely to promote its use in various personal care products.

Rapid growth of ecommerce industry coupled with interesting product purchase offers to trigger growth of online distribution channel

Online purchase of lactoferrin products is expected to witness a spike in the coming years owing to the ease of payment, direct delivery of the product to the doorstep and customer centric approach adopted by ecommerce companies. Moreover, interesting purchase offers in the form of special offers and discounts associated with online purchase of lactoferrin products should further augment lactoferrin market statistics.

Increasing health-conscious population and increasing consumption of sports nutrition products to drive growth of the North America Lactoferrin Industry

North America Lactoferrin Market is expected to reach over USD 90 Million by 2027 owing to an increase in consumer awareness regarding the importance of physical fitness and hygiene. Increasing sports activities and an increase in the number of physical fitness centers and gyms opening up in the region is likely to further raise product demand from sports nutrition application, boosting the regional market demand.

Industry 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.

Authors: Kunal Ahuja, Kritika Mamtani