The Europe Lactoferrin Market is expected to witness market growth of 8.34% CAGR during the forecast period (2021-2027).
Lactoferrin acts as the main solution for anemia, its high degree of bioavailability combined with the ability to boost serum ferritin levels by five times enables effective absorption of iron in comparison to other iron sources. As per the WHO, there are above 1.62 people affected by individuals around the world, with the maximum rate witnessed among pre-school-going children. Lactoferrin is a modern solution for anemia and is broadly known to be a part of the transferrin family, which has the capability of controlling the levels of free iron in body fluid combined with boosting the hemoglobin percentage by improving the ability to bind iron.
The surge in the occurrence of viral and bacterial infections around the world is one of the major trends of the European lactoferrin market in the last couple of years. Moreover, the governments of various countries of this region are undertaking different types of initiatives to promote breastfeeding, thereby hampering the growth of the regional lactoferrin market. Moreover, the regional market is also fuelled by the rising consumer awareness regarding the benefits of lactoferrin-based products, hence propelling the demand of the regional market.
Lactoferrin is widely used in decreasing dermal immune response and healing wounds by stimulating connective tissue with epidermal cells by recreating the skin. Its calming effect on inflammations eliminates the possibility of the formation of larger zits and cysts. The majority of the clinical trials have displayed that lactoferrin can also be efficiently utilized in the treatment and prevention of gastrointestinal inflammatory cases. Growing consumer awareness about gut health along with the surging product demand to eliminate the chances of bloating and irritable bowel movement and to decrease intestinal inflammation is expected to augment the development of the lactoferrin market during the forecast period.
The Germany market dominated the Europe Personal Care Products Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $2,580.8 Thousands by 2027. The UK market is exhibiting a CAGR of 7.7% during (2021 - 2027). Additionally, The Spain market is anticipated to witness a CAGR of 9.5% during (2021 - 2027).
Based on Function, the market is segmented into Iron absorption, Intestinal flora protection, Immune cell stimulation, Antioxidant, Antibacterial and Anti-inflammatory. Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Personal Care Products, Infant Formula, Sports & Functional Foods and Animal Feed. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Royal FrieslandCampina N.V., Glanbia PLC, Fonterra Co-operative Group Limited, Moringa Milk Industry Co., Ltd., Ventria Bioscience, Inc. (InVitria), Farbest Brands, Bega Cheese Ltd (Tatura Milk Industries Ltd.), MP Biomedicals LLC (Valiant Co., Ltd.), Synlait Milk Limited, and Pharming Group NV.
Scope of the Study
Market Segments Covered in the Report:
By Function
- Iron absorption
- Intestinal flora protection
- Immune cell stimulation
- Antioxidant
- Antibacterial
- Anti-inflammatory
By Application
- Pharmaceuticals
- Food & Beverages
- Personal Care Products
- Infant Formula
- Sports & Functional Foods
- Animal Feed
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Royal FrieslandCampina N.V.
- Glanbia PLC
- Fonterra Co-operative Group Limited
- Moringa Milk Industry Co., Ltd.
- Ventria Bioscience, Inc. (InVitria)
- Farbest Brands
- Bega Cheese Ltd (Tatura Milk Industries Ltd.)
- MP Biomedicals LLC (Valiant Co., Ltd.)
- Synlait Milk Limited
- Pharming Group NV
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Royal FrieslandCampina N.V.
- Glanbia PLC
- Fonterra Co-operative Group Limited
- Moringa Milk Industry Co., Ltd.
- Ventria Bioscience, Inc. (InVitria)
- Farbest Brands
- Bega Cheese Ltd (Tatura Milk Industries Ltd.)
- MP Biomedicals LLC (Valiant Co., Ltd.)
- Synlait Milk Limited
- Pharming Group NV
Methodology
LOADING...
