Research into medical applications of lactoferrin propels the global lactoferrin market to cross US$ 237 Bn between 2019 and 2029. Surging demand for lactoferrin can be traced back to increasing consumer awareness about iron deficiencies and diseases such as anemia of inflammation. The global medical community contributes to this surge by investigating its nutritional properties and benefits in treating a variety of symptoms. Food & beverage product manufacturers are increasingly adopting lactoferrin as an ingredient in manufacturing alcoholic beverages, bakery items, and infant formulas.
Medical applications of Lactoferrin thrust global lactoferrin market to grow at a healthy CAGR of more than 5.9% between 2019 and 2029. Traction from medical community can be attributed to the increase in number of skin diseases, iron & inflammatory homeostasis issues, and anemia of inflammation in the world. This cationic glycoprotein (Lactoferrin) is a nutritional ingredient in food & beverage products such as infant formula, food supplements, sports nutrition, non-alcoholic beverages, and bakeries.
Key Takeaways of Lactoferrin Market Study
- Clinical nutrition exhibits share-wide and growth-wise majority in the global lactoferrin market between 2019 and 2029.
- North America and Latin America collectively account for more than 35% of the lactoferrin market.
- East Asia offer the most lucrative growth opportunities with a dexterous growth rate of more than 7%.
- Dietary supplements are expected maintain share-wide and growth-wise supplement type leadership with 33% of market share.
- Drugstores lead the market sales channels owing to established consumer behavior of buying medicinal products off the shelf.
“Surging demand for lactoferrin from baby-foods, and dietary supplements will drive market growth. Market players are focusing on research and development of new lactoferrin products with applications in untapped industries.” -FMI Analyst
Dietary Trends Propel Consumer Demand
Dietary supplements are expected to garner increased consumer traction on back of consumer awareness about lactoferrin health benefits. Growing trend of precision diets and fitness routines is generating demand for specific ingredients such as lactoferrin to promote availability of iron in the body. Plant-based diets are supplemented by lactoferrin powder, pellets, and liquids. Market players are differentiating products based on value addition in consumer diets. Baby food is also expected to act as a driving force for continuous growth in demand for lactoferrin products. For instance, infant formula is gaining increased consumer traction owing to the medical benefits such as iron binding properties of lactoferrin for infants. Market players are creating new opportunities through third-party online channels and direct-to-consumer sales strategies.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-11070
Who is winning?
The global lactoferrin market is locally concentrated amid strong presence of various regional and global players. Market players shaping the global lactoferrin market are Glanbia plc, Fonterra Co-operative Group Ltd., Vitalus Nutrition Inc., NutriSciences, Milei GmbH, Pharming Group NV, Nestle SA., Bega Cheese Group, Farbest Brands, and InVitria. Companies aim to establish a competitive advantage by research & development of innovative products that differentiate their product offerings based on functional benefits.
Market Segmentation
The global lactoferrin market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Form
- Powder
- Liquid
- Pellets
By Supplement Type
- Baby Foods
- Shielding
- Dietary Supplements
- Veterinary Supplements
By Application
- Sports Nutrition
- Infant Formulas
- Clinical Nutrition
- Veterinary Nutrition
By Sales Channel
- Specialty Stores
- Drugstores
- Modern Trade Channel
- Third Party Online Channels
- Direct-to-Customer Channels
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/11070
Table Of Content
1. Global Lactoferrin Market – Executive Summary
1.1. Global Market Outlook
1.2. Industry Roadmap
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Demand Analysis by Form
3.2.1. Cow’s Milk
3.2.2. Human Milk
3.2.3. Genetically Modified Rice
3.3. Product Innovation / Development Trends
3.3.1. Cultural Customization to Target Specific Population and Ethnic Group
3.3.2. Creating New Delivery Mechanisms
3.3.3. Indication Specific / Targeted Supplement Formulation
3.3.4. Shift Toward Natural Ingredients
3.3.5. Preferential Inclination towards Non-Modified Functional Ingredients
3.3.6. Transformed Packaging to Suit Customer Orientation
3.3.7. Brand Differentiation through Packaging
4. Key Success Factors
4.1. Product Usage Analysis
4.2. Product USPs / Features
5. Market Background