According to recently made public data from Future Market Insights, analysis of the lactoferrin market, the amount of lactoferrin consumed globally increased by 5.0% year over year (YoY) in 2021, reaching US$ 192.8 Million.
The overall demand for lactoferrin, which makes up 33% of the market for milk ingredients worldwide, is anticipated to increase at a 5.6% CAGR to reach US$ 332.2 Million in 2031.
Lactoferrin Market Overview:
Lactoferrin, Or lactotransferrin being a natural protein, derived from cow milk, which is also known as the main milk ingredient found in the breast milk protein, can be used as an alternative for lactose supplements.
Applications of lactoferrin on milk nutrition segment is poised among the leader for both growth-wise and share-wise, having antimicrobial characteristics which can protect the human body against numerous pathogens. 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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Key Takeaways from the Lactoferrin Market Study:
- Europe lactoferrin production is leading in terms of market share and accounts for 31.1% of the global lactoferrin market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
- In the South Asia region, demand for lactoferrin is booming with a high CAGR worth 7.7%, as a result of high awareness of the product as a dietary supplement.
- However, application in infant formulas holds the highest market share, worth 35.9% of the global share as of 2021, because of the huge demand for baby food supplements.
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Lactoferrin is an intact protein that consists of 696 basic (positively charged) amino acids with an abundant nutritional value. As a result, the US Food and Drug Administration (FDA) has identified lactoferrin, derived from cow milk, as a GRAS (Generally Recognised as Safe) ingredient for functional foods and sports nutrition supplements. The agency even gave the same definition to lactoferrin in 2014, which can be used in dairy products and infant formulas. Lactoferrin (LF), also known as lactotransferrin (LTF), is a multifunctional protein of the transferrin family. Administration of lactoferrin led to autopotentiated increased expression of the Lactotransferrin gene.
Competitive Analysis:
The future of lactoferrin adoption depends on the F&B 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.
Some of the leading companies offering lactoferrin are Vitalus Nutrition Inc., Glanbia plc, Milei Gmbh, NutriScience, Nestle SA, Pharming Group NV, Farbest Brands, Bega Cheese Group, Fonterra Co-operative Group Ltd and InVitria, and others.
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Key Market Segmentation:
By Form :
- Powder
- Liquid
By Application :
- Sports Nutrition
- Infant Formulas
- Clinical Nutrition
- Veterinary Nutrition
- Personal Care
- Food Nutrition
- Others
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Key Questions Answered in the Report:
- Worth how much sales of lactoferrin are expected in the current scenario?
- What was the demand outlook for lactoferrin in the historical period?
- What will be the next 10-year adoption rate of lactoferrin?
- Who are the top 5 players navigating the production of lactoferrin?
- What are the top 5 countries driving the consumption of lactoferrin?
- At what rate is the lactoferrin shipment occurring in North America?
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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