Global lactoferrin market is projected to grow at a CAGR of 7.2% during the forecast period.
The lactoferrin market is highly driven by the increasing usage of lactoferrin in various applications, such as infant formula, food supplements, sports nutrition, dietetic food, non-alcoholic beverages, bakery, etc. It helps in developing resistance in newborns toward various infections and also has many biological activities that are essential for maintaining infant health.
Key Market Trends
Strong Growth Potential in the Developing Countries
The consumer’s preference for cosmeceutical products that combine cosmetic and pharmaceutical features, such as acne treatment and anti-aging, is increasingly becoming popular and is estimated to witness growth at 10% - 20% per annum in the Asia-Pacific region. Personal care is a major market in China, Australia, and India. Hence, lactoferrin is expected to record a surging demand for its applications in acne care products, as lactoferrin combined with vitamin A and zinc acts as a key ingredient for mild to moderate acne. Dairy proteins are considered the most important sources of bioactive peptide. There has been an increase in the usage of these peptides in various sports nutrition and nutraceuticals, owing to the rise in awareness on various health issues, along with growing population and increasing disposable income.
Europe Holds the Major Share
Owing to the robust performance in Germany and the United Kingdom, Europe generated a significant revenue share during the review period. Germany's most innovative food and industry sectors include the dairy industry with approximate milk production volume for 313 million metric ton in 2017. This, in turn, has provided a great opportunity to the lactoferrin manufacturers with increased application in different dairy products, such as organic yogurts. The increasing demand for performance nutrition is also driving the market. Consumers have started to opt for healthier beverages rather than carbonated drinks and soft drinks
Competitive Landscape
The lactoferrin market is highly concentrated, with the presence of various regional and global players. The major players of the market have its presence all across the world. The companies try to have a competitive advantage by expanding their product range, differentiation, functional benefits, etc. The market is dominated by players, like Synlait Milk, Fonterra, Bega Cheese Ltd, FrienslandCampina, etc.
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The lactoferrin market is highly driven by the increasing usage of lactoferrin in various applications, such as infant formula, food supplements, sports nutrition, dietetic food, non-alcoholic beverages, bakery, etc. It helps in developing resistance in newborns toward various infections and also has many biological activities that are essential for maintaining infant health.
- The European Food Safety Authority (EFSA) categorized lactoferrin as a safe milk protein to be used in various applications. The lactoferrin market was dominated by Europe, followed by North America and Asia-Pacific. With the growing demand and wide range of applications in Asia-Pacific, the market for lactoferrin has high growth potential in the developing countries.
Key Market Trends
Strong Growth Potential in the Developing Countries
The consumer’s preference for cosmeceutical products that combine cosmetic and pharmaceutical features, such as acne treatment and anti-aging, is increasingly becoming popular and is estimated to witness growth at 10% - 20% per annum in the Asia-Pacific region. Personal care is a major market in China, Australia, and India. Hence, lactoferrin is expected to record a surging demand for its applications in acne care products, as lactoferrin combined with vitamin A and zinc acts as a key ingredient for mild to moderate acne. Dairy proteins are considered the most important sources of bioactive peptide. There has been an increase in the usage of these peptides in various sports nutrition and nutraceuticals, owing to the rise in awareness on various health issues, along with growing population and increasing disposable income.
Europe Holds the Major Share
Owing to the robust performance in Germany and the United Kingdom, Europe generated a significant revenue share during the review period. Germany's most innovative food and industry sectors include the dairy industry with approximate milk production volume for 313 million metric ton in 2017. This, in turn, has provided a great opportunity to the lactoferrin manufacturers with increased application in different dairy products, such as organic yogurts. The increasing demand for performance nutrition is also driving the market. Consumers have started to opt for healthier beverages rather than carbonated drinks and soft drinks
Competitive Landscape
The lactoferrin market is highly concentrated, with the presence of various regional and global players. The major players of the market have its presence all across the world. The companies try to have a competitive advantage by expanding their product range, differentiation, functional benefits, etc. The market is dominated by players, like Synlait Milk, Fonterra, Bega Cheese Ltd, FrienslandCampina, etc.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Glanbia PLC
- Royal FrieslandCampina
- Synlait Milk Ltd
- Merck KGaA
- Fonterra Co-operative Group Limited
- Bega Cheese Limited
- Freedom Foods Group Ltd
- The Tatua Co-Operative Dairy Company Ltd
- Ingredia SA
- Farbest Brands
Methodology
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