Market Analysis and Insights: Global Lactoferrin Market
lactoferrin market is expected to rise to an estimated value of USD 179.19 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Rising health awareness and growing demand for infant formula are the major factor for the market growth.
Lactoferrin is a kind of proteins which usually have iron binding and bactericidal and are present in cow and human milk. Usually, there is high level of lactoferrin is present in the first milk after the baby is born. These lactoferrin is also used as an antioxidant so that they can protect from viral and other bacterial infections by stopping the growth of protein by destroying their cell walls. Iron absorption, antibacterial, antioxidant, immune cell stimulation and other are some of the common function of the lactoferrin. These lactoferrin are used in industries such as infant formula, food and beverages, animal feed, sports food and others.
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Competitive Analysis:
Global lactoferrin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lactoferrin market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
• Increasing cases of bacterial infection among population will drive the market
• Growing popularity of lactoferrin based nutrition will also propel growth
• Rising usage of lactoferrin in cosmetic product is accelerating the market
• Availability of different f lactoferrin-induced products is also contributing as a factor for the market
• Rising disposable income is driving market
Market Restraints:
• Lactoferrin ability to cause diarrhoea is restraining the market
• Increasing dosage intake can create problem such as skin rash, loss of appetite, chills and other which is also restricting the growth.
Segmentation: Global Lactoferrin Market
By Function
o Iron Absorption
o Anti-Inflammatory
o Intestinal Flora Protection
o Antibacterial
o Immune Cell Stimulation
o Antioxidant
By Application
o Food & Beverages
o Infant Formula
o Sports & Functional Food
o Animal Feed
o Pharmaceuticals
o Personal Care Products
By Type
o Freeze Dried Lactoferrin
o Spay Dried Lactoferrin
By Product Type
o Powder
o Capsule
o Other
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Key Developments in the Market:
• In May 2018, Bega Bionutrients announced the launch of the Inferrin which is a type of a microencapsulated lactoferrin. The microencapsulation has the ability to provide the benefits of lactoferrin so that they can protect it from degradation in stomach. This new Inferrin is designed so that they increase the applications of lactoferrin related food and dietary supplements
• In March 2016, Mead Johnson Nutrition Company announced the launch of their new product line Enfinitas so that they can enhance the nourishment in the children worldwide. To provide the children with functional and structural benefits they get from breast milk, Enfinitas consist of Lactoferrin and Milk Fat Globule Membrane. This launch will help the company to strengthen their position in the market
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Key Market Competitors:
Few of the major competitors currently working in the global lactoferrin market are Metagenics (Aust) Pty Ltd, Synlait Ltd, INGREDIA SA, Tatura Milk Industries Pty. Ltd., Glanbia plc, ProHealth, Inc., Fonterra Co-operative Group, Farbest Brands, MILEI GmbH, The Tatua Co-operative Dairy Company Limited, Bega Bionutrients, Ferrin-Tech, Parchem fine & specialty chemicals, BioVendor, Warrnambool Cheese and Butter Factory Company Holdings Limited, Saputo Inc., Westland Milk Products, Jarrow Formulas, Inc., CEDARLANE., Eriefoods.com, Nirva Trading Limited Company, Hoogwegt and others.
Research Methodology: Global Lactoferrin Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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