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Global Lactoferrin Market by Application (Infant Formula, Personal Care Products), by Function (Intestinal Flora Protection, Iron Absorption) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: DN-72618
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 63
  • No. Of Pages: 203
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global lactoferrin markets were valued at USD 219.2 millions in 2020. This market is forecast to grow at an 8.2% compound annual growth rate (CAGR). Consumer awareness about diet and health, as well as the increasing prevalence of skin-related conditions, will drive demand. The antiviral, antibacterial and antiparasitic properties and properties of lactoferrin are expected to increase the demand for products from the pharmaceutical and personal-care industries. The American Academy of Dermatology states that acne is the most common skin condition in America, with over 40 million to 50 million Americans suffering from it each year. Also, the market for acne treatment is expected to grow during this forecast period.

Numerous clinical studies show that lactoferrin can effectively treat acne and other skin conditions. Lactoferrin is an anti-inflammatory agent that neutralizes the major food source of pathogens. The World Health Organization (WHO) reports that 50% of women and 42% of men have experienced acne in their twenties. 35% of women and 20% of men had acne in their thirties. 26% and 12% respectively reported having acne in their forties. 15% and 7% reported having acne in their fifties. Proven testimonials and research findings on lactoferrin-induced skin treatment will drive product manufacturers to grow over the forecast period.

Global personal care is a multibillion dollar industry. There is an increasing shift from brick-and mortar stores to specialty and internet stores. All age groups of women prefer cross-channel purchasing. They can visit online portals to learn more about the product and then purchase from an offline retailer. Brand owners' product marketing efforts will increase consumer awareness and encourage organic products that are more efficient, with fewer side effects.

Lactoferrin can be used to reduce dermal immune responses and heal wounds. It stimulates connective tissue with epidermal cell by regenerating skin. Because of its soothing effects on inflammations, it prevents the development of cysts and larger zits. Clinical trials have shown that lactoferrin is also effective in treating and preventing gastrointestinal inflammation. The market is expected to grow due to increased consumer awareness about gut health and the growing demand for products to prevent irritable stool movement and bloating, as well as the rising demand for products to reduce intestinal inflammation.

To meet the changing demands of consumers, manufacturers are focusing on understanding their buying habits. Companies are investing in packaging and ingredients up-gradation depending on whether they are purchasing from a club warehouse, specialty store or online portal. Organic products with a smaller carbon footprint are more popular among consumers. Experiments and research further reinforce the benefits of lactoferrin in a variety of applications, which will drive its demand over the coming years.

Lactoferrin has anti-inflammatory properties that may be important in the pathophysiology for cases regarding COVID-19. The inability to find a cure or vaccine for the disease prompted a demand for immune boosters. The popularity of preventive measures against COVID 19 has increased around the globe, which resulted in a higher demand for lactoferrin products in 2020.

After the outbreak of COVID-19, there was a huge demand for infant formulas made from lactoferrin. These products are widely accepted due to their antiviral properties. This drove this demand. Jatenergy Ltd., an Australian firm, announced a rise in sales of dairy-based infant nutrition products that contain lactoferrin. In March, the company had a record monthly sales of USD 5.4 millions. However, sales declined in the second quarter, but they were still high compared to previous years.

Function Insights

Iron absorption segment had the largest revenue share at more than 29% in 2020. It is expected to continue its lead position for the next forecast period. Anemia is a condition that results from iron deficiency. It affects around 30% of the world's population. Anemia can be treated with lactoferrin. Its high bioavailability and ability to increase serum iron levels five times makes it a great option.

The WHO estimates that anemia affects more than 1.62 billion people worldwide. 47.4% of those affected are pre-schoolers. Lactoferrin, a novel treatment for anemia, is well-known to be part the transferrin family. It regulates levels of iron in the body and increases hemoglobin levels by increasing iron binding ability.

In 2020, the antibacterial functionality segment was second in revenue. Segment growth is expected to be driven by the product's ability to inhibit bacterial growth, biofilm formation and other factors. It has been observed that pharmaceutical companies are increasingly using lactoferrin in antimicrobial and antibacterial products. This will help the segment grow.

Post-COVID-19 the global population is more aware of their immune system and how it controls infection intensity and effects on their bodies. In the next few years, there will be a significant increase in demand for lactoferrin to support immune cell simulation functions.

Application Insights

In 2020, the infant formula segment accounted for more than 38% of total revenue. It will continue to grow at a steady CAGR between 2021 and 2028. Due to an increase in clinical studies supporting infant formula integration, lactoferrin, and changing consumer attitudes towards infant supplementary food, the demand for infant formula is expected to rise. Due to their high disposable incomes, hectic work schedules and increasing incidences of iron deficiencies among infants, the demand for infant nutrition comes mainly from the developed countries.

Personal care products are expected to experience the fastest CAGR over the forecast period. The personal care product market is experiencing a boom due to its emollient properties and ability to reduce inflammation. It works by inhibiting the production cytokine mediators which cause inflammation. One of the greatest advantages of lactoferrin is its potential use as an anti-cancer and non-toxic agent.

Regional Insights

Asia Pacific was the largest regional market for 2020, with a revenue share greater than 42%. It is expected that the regional market will maintain its position during the forecast period. The growth of the region's market can be attributed to India, China, Japan and the rising spending power of consumers. Asia Pacific has many small and medium-sized businesses, which is a rarity in other regions. Market growth is expected to be driven by increasing literacy rates and consumer awareness about infant nutrition, personal care and pharmaceutical products, as well as consumer inclination towards organic products.

In 2020, North America was the second largest regional market. The largest market in the region was the U.S. Product demand has increased across the country due to rising incidences of digestive problems. Market growth is expected to be boosted by a rise of hypermarkets, specialty stores, supermarkets, as well as incentivized marketing systems that brand owners use to increase their sales.

Market Share Insights & Key Companies

This market is extremely fragmented, and it is dominated by small and medium-sized businesses. This is due to the logistical indifference of dairy producers from different countries. Dairy Products must reach the plant on time. This creates a gap between the producers and small and medium-sized businesses that take advantage of local dairy to meet their production schedule.

Distribution of final products will be affected by factors such as the size of the territory, competition intensity, labor availability, and development in local logistical infrastructure. Many companies directly engage in retailing via online shopping platforms, hypermarkets and supermarkets, as well as local convenience stores. The following are some of the major players in the global market for lactoferrin:

  • 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

Up Market Research published a new report titled “Lactoferrin Market research report which is segmented by Application (Infant Formula, Personal Care Products), by Function (Intestinal Flora Protection, Iron Absorption), By Players/Companies Farbest Brands, Milei GmbH, Glanbia plc, Ingredia SA, Hilmar Cheese Company, Synlait Milk Ltd, Fonterra Cooperative Group Ltd, ProHealth, Ferrin-tech LLC, MP Biomedicals, Pharming Group NV, Tatura Milk Industries Ltd, FrieslandCampina, InVitria, APS BioGroup”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

Report AttributesReport Details
Report TitleLactoferrin Market Research Report
By ApplicationInfant Formula, Personal Care Products
By FunctionIntestinal Flora Protection, Iron Absorption
By CompaniesFarbest Brands, Milei GmbH, Glanbia plc, Ingredia SA, Hilmar Cheese Company, Synlait Milk Ltd, Fonterra Cooperative Group Ltd, ProHealth, Ferrin-tech LLC, MP Biomedicals, Pharming Group NV, Tatura Milk Industries Ltd, FrieslandCampina, InVitria, APS BioGroup
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages203
Number of Tables & Figures143
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Lactoferrin Industry Outlook

Global Lactoferrin Market Report Segments:

The market is segmented by Application (Infant Formula, Personal Care Products), by Function (Intestinal Flora Protection, Iron Absorption).

Lactoferrin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Lactoferrin Market

Overview of the regional outlook of the Lactoferrin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Lactoferrin Market Overview

Highlights of The Lactoferrin Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Lactoferrin Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Infant Formula

                2. Personal Care Products

        7. By Function:

                1. Intestinal Flora Protection

                2. Iron Absorption

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Lactoferrin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Lactoferrin Market Trends

Reasons to Purchase the Lactoferrin Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactoferrin Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Lactoferrin Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Lactoferrin Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Lactoferrin Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Lactoferrin Market Size & Forecast, 2018-2028 
      4.5.1 Lactoferrin Market Size and Y-o-Y Growth 
      4.5.2 Lactoferrin Market Absolute $ Opportunity 

Chapter 5 Global Lactoferrin Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Lactoferrin Market Size Forecast by Application
      5.2.1 Infant Formula
      5.2.2 Personal Care Products
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Lactoferrin Market Analysis and Forecast by Function
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Function
      6.1.2 Basis Point Share (BPS) Analysis by Function
      6.1.3 Absolute $ Opportunity Assessment by Function
   6.2 Lactoferrin Market Size Forecast by Function
      6.2.1 Intestinal Flora Protection
      6.2.2 Iron Absorption
   6.3 Market Attractiveness Analysis by Function

Chapter 7 Global Lactoferrin Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Lactoferrin Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Lactoferrin Analysis and Forecast
   9.1 Introduction
   9.2 North America Lactoferrin Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Lactoferrin Market Size Forecast by Application
      9.6.1 Infant Formula
      9.6.2 Personal Care Products
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Lactoferrin Market Size Forecast by Function
      9.10.1 Intestinal Flora Protection
      9.10.2 Iron Absorption
   9.11 Basis Point Share (BPS) Analysis by Function 
   9.12 Absolute $ Opportunity Assessment by Function 
   9.13 Market Attractiveness Analysis by Function

Chapter 10 Europe Lactoferrin Analysis and Forecast
   10.1 Introduction
   10.2 Europe Lactoferrin Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Lactoferrin Market Size Forecast by Application
      10.6.1 Infant Formula
      10.6.2 Personal Care Products
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Lactoferrin Market Size Forecast by Function
      10.10.1 Intestinal Flora Protection
      10.10.2 Iron Absorption
   10.11 Basis Point Share (BPS) Analysis by Function 
   10.12 Absolute $ Opportunity Assessment by Function 
   10.13 Market Attractiveness Analysis by Function

Chapter 11 Asia Pacific Lactoferrin Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Lactoferrin Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Lactoferrin Market Size Forecast by Application
      11.6.1 Infant Formula
      11.6.2 Personal Care Products
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Lactoferrin Market Size Forecast by Function
      11.10.1 Intestinal Flora Protection
      11.10.2 Iron Absorption
   11.11 Basis Point Share (BPS) Analysis by Function 
   11.12 Absolute $ Opportunity Assessment by Function 
   11.13 Market Attractiveness Analysis by Function

Chapter 12 Latin America Lactoferrin Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Lactoferrin Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Lactoferrin Market Size Forecast by Application
      12.6.1 Infant Formula
      12.6.2 Personal Care Products
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Lactoferrin Market Size Forecast by Function
      12.10.1 Intestinal Flora Protection
      12.10.2 Iron Absorption
   12.11 Basis Point Share (BPS) Analysis by Function 
   12.12 Absolute $ Opportunity Assessment by Function 
   12.13 Market Attractiveness Analysis by Function

Chapter 13 Middle East & Africa (MEA) Lactoferrin Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Lactoferrin Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Lactoferrin Market Size Forecast by Application
      13.6.1 Infant Formula
      13.6.2 Personal Care Products
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Lactoferrin Market Size Forecast by Function
      13.10.1 Intestinal Flora Protection
      13.10.2 Iron Absorption
   13.11 Basis Point Share (BPS) Analysis by Function 
   13.12 Absolute $ Opportunity Assessment by Function 
   13.13 Market Attractiveness Analysis by Function

Chapter 14 Competition Landscape 
   14.1 Lactoferrin Market: Competitive Dashboard
   14.2 Global Lactoferrin Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Farbest Brands
      14.3.2 Milei GmbH
      14.3.3 Glanbia plc
      14.3.4 Ingredia SA
      14.3.5 Hilmar Cheese Company
      14.3.6 Synlait Milk Ltd
      14.3.7 Fonterra Cooperative Group Ltd
      14.3.8 ProHealth
      14.3.9 Ferrin-tech LLC
      14.3.10 MP Biomedicals
      14.3.11 Pharming Group NV
      14.3.12 Tatura Milk Industries Ltd
      14.3.13 FrieslandCampina
      14.3.14 InVitria
      14.3.15 APS BioGroup
Segments Covered in the Report
The global Lactoferrin market has been segmented based on

By Application
  • Infant Formula
  • Personal Care Products
By Function
  • Intestinal Flora Protection
  • Iron Absorption
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Farbest Brands
  • Milei GmbH
  • Glanbia plc
  • Ingredia SA
  • Hilmar Cheese Company
  • Synlait Milk Ltd
  • Fonterra Cooperative Group Ltd
  • ProHealth
  • Ferrin-tech LLC
  • MP Biomedicals
  • Pharming Group NV
  • Tatura Milk Industries Ltd
  • FrieslandCampina
  • InVitria
  • APS BioGroup

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