The global Lactoferrin Market size is projected to reach USD 315.1 million by 2025, expanding at a CAGR of 8.8%, according to a new report by Grand View Research, Inc. Rising demand for the product in infant nutrition, sports supplements, and personal care formulations, owing to their high nutrient content and superior health benefits, is expected to drive the market growth during the forecast period.

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Although breast milk is the optimal and natural infant food, the length and rate of breastfeeding has been changing drastically, especially in the developing economies. This can be attributed to the rise in the number of working women, along with the insufficient milk production. This is anticipated to create opportunities for lactoferrin manufacturers, as women have started looking for alternatives of breast milk.
Consumers across the globe are experiencing deficiency in iron with the WHO stating that iron is the number one micronutrient deficiency worldwide. According to the medical practitioners 87% of consumers have a problem with iron supplements as it usually causes internal discomfort and stomach aches.
Iron supplements typically have an absorption rate of 20% leaving the remaining 80% nourishment for bacteria, which creates stomach aches. This offers the lactoferrin market with immense growth opportunities for the coming years, as iron absorption is among the major functions of the product.
Asia Pacific is expected to grow at the highest CAGR of over 9% during the forecast period. The market is anticipated to witness increasing demand for lactoferrin over the forecast period as key participants adopted strategies such as the introduction of their brands in untapped economies of South East Asian countries. Countries such as Japan and Australia have experienced heightened awareness regarding the health benefits of lactoferrin over the years, which is expected to strengthen regional growth over the forecast period.

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Further key findings from the report suggest:
• Among functions, the iron absorption segment accounted for the largest share of over 29% of the overall market revenues in 2018. The growth of this segment is expected to be supported by the growing incidence of iron deficiency and related disorders in consumers
• Lactoferrin helps in restricting a wide range of pathogenic bacteria and other microbes as they need a supply of free iron to multiply and lactoferrin’s ability to bind iron makes it difficult for the microbes to grow. This is expected to drive the product demand for antibacterial functions, during the forecast period.
• The infant formula application segment dominated the market in 2018, in terms of revenues, and is expected to grow at a CAGR of nearly 9% during the forecast period
• The rising population of working women and increasing prevalence of iron deficiency among infants are expected to drive the product demand in infant nutrition applications over the coming years
• New product development, expansion of operation facilities, partnerships, collaborations, and acquisitions are among the major strategies adopted by key players to strengthen and sustain their competitive positions in the market
Grand View Research has segmented the global lactoferrin market on the basis of function, application, and region.
Lactoferrin Function Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Iron Absorption
• Anti-inflammatory
• Intestinal Flora Protection
• Antibacterial
• Immune Cell Stimulation
• Antioxidant
Lactoferrin Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
• Food & Beverages
• Infant Formula
• Sports & Functional Foods
• Pharmaceuticals
• Personal Care Products
• Animal Feed
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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