Lactoferrin Market Projected to Reach US$ 711.0 Million by 2033 | Future Market Insights

According to Future Market Insights’ new analysis, the global lactoferrin market size is estimated to reach US$ 247.0 million in 2023. Total lactoferrin sales are anticipated to increase at 4.7% CAGR between 2023 and 2033, totaling a revenue of US$ 711.0 million by 2033.

The growing use of lactoferrin in infant formulas, therapeutic nutrition, and dietary supplements is expected to boost the global lactoferrin market forward.

Lactoferrin is a multifunctional protein found in mammalian milk. It is popular all over the world due to its antioxidant, antiviral, antibacterial, and anti-inflammatory properties.

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Lactoferrin is being used more and more in newborn feeding, nutritional supplements, and a range of other healthy meals. As a result of increased production and consumption of these commodities, lactoferrin sales will increase over the projection period.

The increased prevalence of illnesses such as anaemia, diarrhoea, blood infection, and a range of other conditions is expected to create a considerable need for supplements such as lactoferrin during the next ten years.

Lactoferrin has proven to be an effective iron supplement for pregnant women who have low iron levels. It is also used in the treatment of diarrhoea, ulcers, hepatitis, and blood infections. Increasing knowledge of the potential benefits of lactoferrin is projected to generate profitable revenue-generation opportunities for lactoferrin manufacturers over the assessment period.

Lactoferrin, a nutraceutical protein that plays an important role in neurodevelopment and neuropathic processes, is in high demand among therapeutic nutrition product makers.

Clinical nutrition application of lactoferrin is gaining traction with FMI estimating this segment to accelerate at 7.3% CAGR between 2023 and 2033.

Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

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The future of lactoferrin adoption depends on the food & beverage companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards.

As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

Key Takeaways from the Lactoferrin Market Study:

  • Global sales of lactoferrin are forecast to rise at 4.7% CAGR throughout the assessment period.
  • By form, powdered lactoferrin segment accounts for a market share of 88.9%.
  • Based on application, infant formulas segment currently holds a prominent share of 35.9% while the clinical nutrition segment is anticipated to witness a lucrative growth rate of 7.3% CAGR between 2023 and 2033.
  • Europe remains the leading producer of lactoferrin and it held around 31.1% of the global lactoferrin market in 2022.
  • Demand for lactoferrin across South Asia is expected to increase at 7.7% CAGR during the projection period.

“Growing inclination towards high nutritional and healthy food products across the world is expected to create lucrative growth prospects for lactoferrin market during the forecast period. Hence, key lactoferrin manufacturers are introducing lactoferrin-based products with exotic flavors and innovative packaging to attract more consumers,” says a lead analyst at FMI.

Who is Winning?

Leading companies offering lactoferrin are Fonterra Co-operative Group, Glanbia plc, Milei Gmbh, Nestle SA, Pharming Group NV, Farbest Brands, NutriScience, Bega Cheese Group, Ltd, InVitria, Vitalus Nutrition Inc., and others.

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Get Valuable Insights into Lactoferrin Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the lactoferrin market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling and detailed insights on the lactoferrin market based on form (powder and liquid), and application (sports nutrition, infant formulas, clinical nutrition, veterinary nutrition, personal care, food nutrition, and others) across seven key regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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