Lactoferrin Market Bwc20080
Global Lactoferrin Market, By Function (Iron Absorption, Anti-inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant); By Application (Food & Beverages, Infant Formula, Sports & Functional Foods, Pharmaceuticals, Personal Care Products, Other applications); By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: March 2021
- Report ID: BWC20080
- Available Format: PDF
- Page: 177
Report Overview
Global Lactoferrin Market- Industry Trends & Forecast Report 2027
The global lactoferrin market has reached USD 225.22 million in 2020. It is
further projected to reach USD 393.12million by 2027, at a CAGR of 7.9% during
the forecast period (2021-2027). The global lactoferrin market is expected to
be driven by increasing health awareness among the population, an increase in
the number of skin allergies and diseases, as well as the growth of the global acne
treatment market.
Companies operating in the global lactoferrin market are investing heavily in the R&D of new products and technologies, which is expected to drive the market during the forecast period. Lactoferrin is generally found in milk and is an essential part of the diet of babies and toddlers. Nowadays, milk protein is processed in a variety of ways and used in a variety of nutritious powders, beverages, and snacks. Lactoferrin, which was first discovered in 1939, has a distinctive pink color in its pure form. Lactoferrin has various sources, but the highest concentration of lactoferrin is found in human milk.
Source: BlueWeave Consulting
Global Lactoferrin MarketOverview:
Lactoferrin is a natural iron-binding
milk glycoprotein found in human milk and bovine milk. Bovine is a term used to
refer to domestic animals of the species Bostaurus (cattle) or Bubalusbubalis
(water buffalo), and also includes hybrids like Beefalo. The concentration of lactoferrin is highest in human colostrum. Colostrum is the term used for the
first form of milk produced from the mammary glands of mammals. The concentration
of lactoferrin in the human colostrum can be as high as six times of bovine
colostrum. Human colostrum contains 6-8 gm of lactoferrin per liter of milk,
while bovine colostrum contains only 1 gm of lactoferrin per liter of milk.
Scientific studies show that lactoferrin boosts the human immune system as it
possesses antimicrobial, antioxidant, and anti-carcinogenic properties, which
provide numerous health benefits.
Global LactoferrinMarketForecast and Trends
Growth
Drivers
Rising awareness
amongst consumers regarding health and diet
With time, people
are getting more and more aware of the pros and cons of what they are
consuming. Cow milk is believed to cause anemia in babies and toddlers, despite
being one of the healthiest diets. Moreover, excessive consumption of cow milk
can even cause anemia in adults. According to WHO, 42% of children less than 5
years of age and 40% of pregnant women worldwide are anemic.
Lactoferrin is a
new generation solution against anemia. It's been recognized as a member of the
transferrin family for a long time and is important for regulating the body's
iron levels. It enhances the iron-binding properties of fluids in the body,
increases the number of red blood cells, hemoglobin levels, serum ferritin, and
total iron levels. All these properties of lactoferrin are contributing to the
increasing popularity of lactoferrin, which in turn, are expected to drive the
global lactoferrin market during the forecast period.
Increasing prevalence of skin diseases
Skin diseases are
one of the most common diseases in the world, and their prevalence is on the
rise. According to the American Academy of Dermatology Association, about 50
million Americans are affected by acne each year, with 85% of those aged 12 to
24 suffering from mild acne. Acne is typically triggered during puberty or a woman's
menstrual cycle, or by excess oil production by the sebaceous glands. It
is usually related to a hormonal imbalance in the body. According to WHO, acne
is the 8th most prevalent disease in the world.
Lactoferrin is
widely used for treating acne due to its antibacterial and antiviral
properties. Moreover, Lactoferrin, combined with Vitamin E and Zinc, improves
acne in 30 days. With the market of personal hygiene and beauty products
growing, the application of lactoferrin is also increasing. This increasing use
of lactoferrin is expected to affect the global lactoferrin market positively
and contribute to the growth of the market during the forecast period.
Restraints
Side
effects of lactoferrin may impede the growth of the global lactoferrin market
Lactoferrinoffers a variety of health benefits, but
it also has some side-effects. Lactoferrin has no side effects in normal doses,
but it can cause problems when taken in excessive quantity. Excessive intake of
lactoferrin is associated with diarrhea, skin rash, loss of appetite, fatigue,
chills, and constipation. Up to 250 mg daily dose of lactoferrin is said to be
safe for pregnant women. Nevertheless, it is advisable to consult the doctor
before taking a high dose of lactoferrin. These limitations are expected to limit
the growth of the global lactoferrin market in the forecast period.
Global Lactoferrin
Market: By Function
Lactoferrinperforms a host of functions, including
iron absorption, anti-inflammatory, intestinal flora protection, and antibacterial
protection, among others. The global Lactoferrin Market has been witnessing
increasing demand for lactoferrin due to its iron absorption properties.
Generally, ferrous sulfate is used as a cure for anemia but lactoferrin is a
new generation alternative of ferrous sulfate. It has a high level of
bioavailability and is completely natural. It also increases serum ferritin
levels by almost five times and facilitates easy absorption of iron into the
body. The demand for lactoferrinis also soaring because of its excellent
antibacterial properties and its ability to prevent the formation of harmful biofilm.
Pharmaceutical companies are working towards incorporating lactoferrin in many
antibacterial and antimicrobial drugs. Iron binding properties, along with
antibacterial & antimicrobial properties with increasing demand from the pharmaceutical
industry are expected to contribute to the growth of the global lactoferrin
market during the forecast period.
Impact of COVID-19 in the industry
The onset of novel coronavirus has affected the global
economy besides affecting business operations. Due to the high infection rate
and adverse impact on public health systems, various countries had to enforce
nationwide lockdowns. Industry players are currently considering digital diagnostic
and treatment solutions to serve the community and provide newfangled opportunities
to do business.
COVID-19 has significantly impacted the development of new
treatment methods, medicines, and related services, as almost 90% of all
clinical trials were either completely shut down or put on hold indefinitely.
Many industries were shut down and plants were either running on low capacity
or were shut down entirely. Supply chains and distribution channels were also
severely affected, which in turn affected the global lactoferrin market as the
demand for lactoferrin took a massive hit. Nevertheless, with countries easing
their lockdown restrictions, border restrictions are slowly being eased and industries
are reopening. Therefore, the demand for lactoferrin is expected to grow
steadily in the future.
Global Lactoferrin Market: By Application
Lactoferrin has various applications across many industries, including food & beverages, sports & functional foods, infant formula, and many other applications. For example, Anemia is very prevalent among infants. According to the World Health Organization (WHO), around 57% of babies below the age of 5 years are suffering from anemia in India. The situation in Africa is much worse, with more than half of all children under the age of five suffering from anemia in the majority of countries. The global lactoferrin market has seen rising demand and application in infant formulas and medicines due to its high bioavailability and excellent iron-binding properties. This segment is also expected to grow during the forecast period and contribute to the growth of the global lactoferrin market. The personal care products and pharmaceuticals segment also witnessed an increasing application of lactoferrin owing to its antibacterial, anti-inflammatory, and antimicrobial properties. These factors are expected to contribute significantly towards the growth of the global lactoferrin market during the forecast period.
Source: BlueWeave Consulting
Global Lactoferrin Market: Regional Insights
The
global lactoferrin market is segmented into five regions: North America,
Europe, the Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific market accounts for the largest share in the global lactoferrin
market and is expected to lead the market during the forecast period as well.
Asia-Pacific has
the largest market in the global lactoferrin market due to the large population
of infants, the high occurrence rate of anemia among children, and the growing
market of pharmaceuticals and personal care segments. For example, India, one
of the largest economies in Asia and also in the world, has more than 50% of children
below 5 years of age suffering from anemia. Other Asian countries also have a
very high percentage of children suffering from anemia. The rising demand for personal
care products in Asia-Pacific have also contributed to the region’s large market share
in the global lactoferrin market.
With a high demand for lactoferrin in baby formula, acne remedy products, and therapies, and pharmaceuticals segment, North America has the second-largest share of the global lactoferrin market. Europe accounted for the third-largest market share followed by the Middle East & Africa and Latin America. A similar trend is expected to be continued during the forecast period.
Source: BlueWeave Consulting
Competitive
landscape
The global lactoferrin market is fragmented in
nature. Some of the key players operating in the market Metagenics, Inc.,
Westland Cooperative Dairy Co., Ltd, Morinaga Milk Industry Co., Ltd, Synlait
Milk Ltd., Ingredia SA, Bega Bionutrients, MP Biomedicals, Tatura Milk
Industries Ltd, Glanbia PLC, APS BioGroup, and other prominent players. Acquisitions
and effective mergers are some of the strategies adopted by the key
manufacturers. New product launches and a focus on continuous technology
innovations are also strategies adopted by the major industry players. The
companies are also trying to dominate the market by investing in research and
development.
Various companies are striving to gain market
share by adopting competitive strategies such as joint ventures and research
partnerships. The
market players compete based on product quality, standard compliance, performance,
as well as the cost-effective manufacturing process, which in
turn optimizes the process for better production.
Recent Development
·
In
October 2020, Morinaga Milk announced that its German
subsidiary, MILEI GmbH will increase its lactoferrin production capacity.MILEI's
current lactoferrin capacity will be more than doubled, and the expansion is
scheduled to be finished by April 2021.
·
In
August 2019, Westland Co-operative Dairy Company Limited
was acquired by Inner Mongolia Yili Industrial Group Company Limited for USD
588 million. Westland
Co-operative Dairy company is New Zealand's second-largest dairy co-operative,
and Yili Group is the largest dairy enterprise in China.
Scope
of the Report
Attribute |
Details |
Years
Considered |
Historical data – 2017-2020 Base Year – 2021 Forecast – 2022 – 2027 |
Facts
Covered |
Revenue in USD Million |
Market
Coverage |
U.S, Canada, Germany, UK, France, Italy,
Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE,
South Africa, Saudi Arabia |
Product/Service
Segmentation |
By Function, Application, and Region |
Key Players |
Key players operating in the market include
Metagenics, Inc., Westland Cooperative Dairy Co., Ltd, Morinaga Milk Industry
Co., Ltd, Synlait Milk Ltd., Ingredia SA, Bega Bionutrients, MP Biomedicals,
Tatura Milk Industries Ltd, Glanbia PLC, APS BioGroup, and other prominent
players. |
Scope of the
Report
By Function (Value, USD
Million: 2017-2027)
Ø Iron
Absorption
Ø Anti-inflammatory
Ø Intestinal
Flora Protection
Ø Antibacterial
Ø Immune
Cell Stimulation
Ø Antioxidant
By Application (Value, USD Million: 2017-2027)
Ø Infant
Formula
Ø Sports
& Functional Foods
Ø Pharmaceuticals
Ø Personal
Care Products
Ø Other
applications
By Region
Ø North
America
Ø Europe
Ø The
Asia-Pacific (APAC)
Ø Latin
America (LATAM)
Ø The
Middle-East & Africa (MEA)
FAQ:
1.
What
is the current size of the global lactoferrin market?
Ans: The current size of the global lactoferrin market is USD 225.22 million.
2.
What
are the major factors driving the growth of the global lactoferrin market?
Ans: Increasing health
awareness among the population, increasing incidences of skin diseases and growing
anemia cases in infants and babies are some of the major factors driving the
growth of the global lactoferrin market.
3.
Who
are the key players in the global lactoferrin market?
Ans: Metagenics, Inc., Westland Cooperative Dairy Co.,
Ltd, Morinaga Milk Industry Co., Ltd, Synlait Milk Ltd., and Ingredia SA are
some of the key players operating in the global lactoferrin market.
4. Which application segment accounted for the largest market share in the global lactoferrin market?
Ans: Infant formulations
accounted for the largest market share in the global lactoferrin market.
5.
Which
region accounted for the largest market share in the global lactoferrin market?
Ans: The Asia-Pacific
region accounted for the largest market share in the global lactoferrin market.
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2.
Research
Methodology
2.1. Qualitative
Research
2.1.1. Primary
and Secondary Sources
2.2. Quantitative
Research
2.2.1. Primary
and Secondary Sources
2.3. Breakdown
of Primary Research Respondents
2.3.1. Secondary
Research
2.3.2. Primary
Research
2.4. Breakdown
of Primary Research Respondents, By Industry Participants
2.5. Key
Questionnaire asked during Primary Interviews
2.6. Key
Primary Responses
2.7. Market
Size Estimation
2.8. Assumption
for the Study
2.9. Market
Breakdown & Data Triangulation
3.
Executive
Summary
4.
Global
LactoferrinMarket – Industry Insights
4.1. DROC
Analysis
4.1.1. Growth
Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent
Developments / Technical Landscape
4.3. Regulatory
Framework
4.4. Porter’s
Five Forces Analysis
4.5. Value
Chain Analysis
4.6. PESTEL
Analysis
4.7. Strategic
Outlook
5.
Global
Lactoferrin Market Overview
5.1. Market Estimates & Forecast
by Value, 2017-2027
5.1.1. By
Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Function (Value, USD
Million: 2017-2027)
5.2.1.2.
Anti-inflammatory
5.2.1.3.
Intestinal Flora Protection
5.2.1.4.
Antibacterial
5.2.1.5.
Immune Cell Stimulation
5.2.1.6.
Antioxidant
5.2.2.
By
Application
(Value, USD Million: 2017-2027)
5.2.2.2.
Infant Formula
5.2.2.3.
Sports & Functional Foods
5.2.2.4.
Pharmaceuticals
5.2.2.5.
Personal Care Products
5.2.2.6.
Other applications
5.2.3.
By
Region
5.2.3.1.
North America
5.2.3.2.
Europe
5.2.3.3.
The Asia-Pacific (APAC)
5.2.3.4.
Latin America (LATAM)
5.2.3.5.
The Middle-East
& Africa (MEA)
6. North America LactoferrinMarket
Overview
6.1.
Market
Size and Forecast
6.1.1.
By Value (USD Million),
2017-2027
6.2.
Market
Share and Forecast
6.2.1.
By Function
6.2.2.
By Application
6.2.3.
By Country
6.2.3.1.
U.S.
6.2.3.2.
Canada
7. Europe LactoferrinMarket
Overview
7.1.
Market
Size and Forecast
7.1.1.
By Value (USD Million),
2017-2027
7.2.
Market
Share and Forecast
7.2.1.
By Function
7.2.2.
By Application
7.2.3.
By Country
7.2.3.1.
Germany
7.2.3.2.
U.K.
7.2.3.3.
France
7.2.3.4.
Italy
7.2.3.5.
Spain
7.2.3.6.
Russia
7.2.3.7.
Netherlands
7.2.3.8.
Rest of Europe
8. APAC Lactoferrin Market
Overview
8.1.
Market
Size and Forecast
8.1.1.
By Value (USD Million),
2017-2027
8.2.
Market
Share and Forecast
8.2.1.
By Function
8.2.2.
By Application
8.2.3.
By Country
8.2.3.1.
China
8.2.3.2.
India
8.2.3.3.
Japan
8.2.3.4.
South Korea
8.2.3.5.
Rest of APAC
9. LATAM LactoferrinMarket
Overview
9.1.
Market
Size and Forecast
9.1.1.
By Value (USD Million),
2017-2027
9.2.
Market
Share and Forecast
9.2.1.
By Function
9.2.2.
By Application
9.2.3.
By Country
9.2.3.1.
Mexico
9.2.3.2.
Brazil
9.2.3.3.
Rest of LATAM
10.MEA LactoferrinMarket Overview
10.1.
Market
Size and Forecast
10.1.1.
By Value (USD Million),
2017-2027
10.2.
Market
Share and Forecast
10.2.1.
By Function
10.2.2.
By Application
10.2.3.
By Country
10.2.3.1.
Saudi Arabia
10.2.3.2.
UAE
10.2.3.3.
South Africa
10.2.3.4.
Rest of Europe
11.Competitive Landscape
11.1.1. List
of Key Producers and Their Offerings
11.1.2. Market
Share / Ranking Analysis (2020)
11.1.3. Competitive
Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1.
Future Impact
12.2.
Key Developments during
COVID-19
12.3.
Impact on Market
12.3.1. Different
Scenario
12.3.2. Impact
on Companies
12.4.
Regional Impact
13.Key Strategic Recommendations
14.Company Profiles (Company Overview, Financial Matrix, Key
Product landscape, Key Personnel, Key Competitors, Contact Address, and
Strategic Outlook) *
14.1.
Metagenics, Inc.
14.2.
Westland Cooperative Dairy Co.,
Ltd
14.3.
Morinaga Milk Industry Co., Ltd
14.4.
Synlait Milk Ltd.
14.5.
Ingredia SA
14.6.
Bega Bionutrients
14.7.
MP Biomedicals
14.8.
Tatura Milk Industries Ltd
14.9.
Glanbia PLC
14.10.
APS BioGroup
14.11.
Other prominent players.
*Financial
information of non-listed Companies will be provided as per availability
**The
segmentation and the companies are subjected to modifications based on in-depth
study during the final deliverable.
Market Segmentation
Scope of the Report
By Function (Value, USD Million: 2017-2027)
Ø Iron Absorption
Ø Anti-inflammatory
Ø Intestinal Flora Protection
Ø Antibacterial
Ø Immune Cell Stimulation
Ø Antioxidant
By Application (Value, USD Million: 2017-2027)
Ø Infant Formula
Ø Sports & Functional Foods
Ø Pharmaceuticals
Ø Personal Care Products
Ø Other applications
By Region
Ø North America
Ø Europe
Ø The Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø The Middle-East & Africa (MEA)
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