Delvens published a new research publication on "Lactoferrins Market Insights, to 2028" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Lactoferrins market was mainly driven by the increasing R&D spending across the world.
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The global Lactoferrins market size is projected to reach USD 290 million by 2026 at a CAGR of 8.4% from USD 222 million in 2021 during the forecast period 2021-2028.
Lactoferrin is a milk-based protein found in the milk of both human and cow. The colostrum which is the first produced by the mother after delivery contains higher amounts of lactoferrin as compared to the following milk production. It is believed to be an immunity booster.
Increased use in the field of dermatology and acne treatment is the factors that have supported long-term expansion for Lactoferrins Market.
Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. The increase literacy and awareness amongst the people along with the expanding population and raised spending capacity of people has led to the expansion of market in the region.
Key Players of Lactoferrins Market
· Hilmar Cheese Company
· Pharming Group NV
· FrieslandCampina
· Synlait Milk Ltd.
· Ingredia SA
· MP Biomedicals
· Tatura Milk Industries Ltd.
· Glanbia plc
· APS BioGroup
· ProHealth
· Fonterra Cooperative Group Ltd.
· Farbest Brands
· InVitria
· Milei GmbH
· Ferrin-tech LLC and More
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Recent Developments
In March 2019, Hong Kong Jin Gang Trade Holding Limited announced the complete acquisition of of Westland Co-operative Dairy Company Limited in order to strengthen its market position in New Zealand.
Lactoferrins Market is segmented into function, application and geography.
On the basis of Function
· Iron Absorption
· Anti-inflammatory
· Intestinal Flora Protection
· Antibacterial
· Immune Cell Stimulation
· Antioxidant
On the basis of Application
· Food & Beverages
· Infant Formula
· Sports & Functional Foods
· Pharmaceuticals
· Personal Care Products
· Animal Feed
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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