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Lactoferrin Market Report by Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant, and Others), Application (Food and Beverages, Infant Formula, Sports and Functional Foods, Pharmaceuticals, Personal Care Products, and Others), and Region 2024-2032
Market Report I 2024-08-10 I 138 Pages I IMARC Group
The global lactoferrin market size reached US$ 289.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 514.1 Million by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Lactoferrin is a multi-functional glycoprotein commonly found in human and bovine milk, saliva, tears, bile and mucus. It binds with iron ions present in the blood and transports it through the body. It is a rich source of antioxidants and aids in improving immunity and preventing bacterial and viral infections. It is also commercially sourced from genetically modified rice and is used as a protein supplement in pharmaceutical medicines to treat stomach and intestinal ulcers, diarrhea and hepatitis C. Lactoferrin also aids in preventing tissue damage and cancer, regulating iron metabolism and minimizing damage caused by aging. As a result, it finds extensive applications across various industries, including pharmaceuticals, food and beverages, nutraceuticals and personal care products.
The increasing prevalence of bacterial and viral infections across the globe represents one of the key factors driving the growth of the market. Lactoferrin accelerates bone and joints healing and prevents bone loss caused by various medical ailments. Furthermore, rising health consciousness among the masses, along with the increasing demand for lactoferrin-based nutritional supplements, is also driving the market growth. In line with this, lactoferrin is also widely used in the manufacturing of various cosmetics and personal care products due to its beneficial acne-treating, anti-allergic and anti-aging properties. It stimulates connective tissue and epidermal cells that aid in healing skin lesions. Additionally, various product innovations, such as the launch of infant formula fortified with lactoferrin, are acting as other growth-inducing factors. It is also used for the production of various sports nutrition products and functional supplements. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global lactoferrin market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on function and application.
Breakup by Function:
- Iron Absorption
- Anti-Inflammatory
- Intestinal Flora Protection
- Antibacterial
- Immune Cell Stimulation
- Antioxidant
- Others
Breakup by Application:
- Food and Beverages
- Infant Formula
- Sports and Functional Foods
- Pharmaceuticals
- Personal Care Products
- Others
Breakup by Region:
- North America
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bega Cheese Limited, Farbest Brands, Ferrin-Tech LLC, Fonterra Cooperative Group Ltd., Glanbia PLC, Hoogwegt Group B.V., Ingredia SA, Metagenics Inc. (Alticor Inc.), MILEI GmbH (Morinaga Milk Industry Co. Ltd.), Mp Biomedicals LLC (Valiant Co. Ltd.), Saputo Inc., Synlait Milk Limited, Tatura Milk Industries Ltd. and Westland Milk Products.
Key Questions Answered in This Report:
- How has the global lactoferrin market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global lactoferrin market?
- What are the key regional markets?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global lactoferrin market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Lactoferrin Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Function
6.1 Iron Absorption
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Anti-Inflammatory
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Intestinal Flora Protection
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Antibacterial
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Immune Cell Stimulation
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Antioxidant
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Application
7.1 Food and Beverages
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Infant Formula
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Sports and Functional Foods
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Pharmaceuticals
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Personal Care Products
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Bega Cheese Limited
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Farbest Brands
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Ferrin-Tech LLC
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Fonterra Cooperative Group Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Glanbia PLC
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Hoogwegt Group B.V.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Ingredia SA
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Metagenics Inc. (Alticor Inc.)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 MILEI GmbH (Morinaga Milk Industry Co. Ltd.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.10 Mp Biomedicals LLC (Valiant Co. Ltd.)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Saputo Inc.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Synlait Milk Limited
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.13 Tatura Milk Industries Ltd.
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.14 Westland Milk Products
13.3.14.1 Company Overview
13.3.14.2 Product Portfolio
Figure 1: Global: Lactoferrin Market: Major Drivers and Challenges
Figure 2: Global: Lactoferrin Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Lactoferrin Market: Breakup by Function (in %), 2023
Figure 5: Global: Lactoferrin Market: Breakup by Application (in %), 2023
Figure 6: Global: Lactoferrin Market: Breakup by Region (in %), 2023
Figure 7: Global: Lactoferrin (Iron Absorption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Lactoferrin (Iron Absorption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Lactoferrin (Anti-Inflammatory) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Lactoferrin (Anti-Inflammatory) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Lactoferrin (Intestinal Flora Protection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Lactoferrin (Intestinal Flora Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Lactoferrin (Antibacterial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Lactoferrin (Antibacterial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Lactoferrin (Immune Cell Stimulation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Lactoferrin (Immune Cell Stimulation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Lactoferrin (Antioxidant) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Lactoferrin (Antioxidant) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Lactoferrin (Other Functions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Lactoferrin (Other Functions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Lactoferrin (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Lactoferrin (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Lactoferrin (Infant Formula) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Lactoferrin (Infant Formula) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Lactoferrin (Sports and Functional Foods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Lactoferrin (Sports and Functional Foods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Lactoferrin (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Lactoferrin (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Lactoferrin (Personal Care Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Lactoferrin (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Lactoferrin (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Lactoferrin (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia-Pacific: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia-Pacific: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Lactoferrin Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Lactoferrin Market: Breakup by Country (in %), 2023
Figure 81: Middle East and Africa: Lactoferrin Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Global: Lactoferrin Industry: SWOT Analysis
Figure 83: Global: Lactoferrin Industry: Value Chain Analysis
Figure 84: Global: Lactoferrin Industry: Porter's Five Forces Analysis
Table 1: Global: Lactoferrin Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Lactoferrin Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 3: Global: Lactoferrin Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Lactoferrin Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Lactoferrin Market: Competitive Structure
Table 6: Global: Lactoferrin Market: Key Players
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