Lactoferrin Market Overview:

Newly released data from lactoferrin market analysis by Future Market Insights shows that global consumption of lactoferrin enjoyed year-on-year (YoY) growth of 5.0% in 2021 to total sales of US$ 192.8 Mn in the year. The overall demand for lactoferrin captivates 33% of the global milk ingredients market and is poised to witness a prominent growth at 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.

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.

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.
In the application segment, the use of the product in clinical nutrition is anticipated to witness a lucrative growth rate with a CAGR of 7.3% during the forecast period (2021-2031) in the lactoferrin market.
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.

Competitive Landscape

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.

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?

For More Information: https://www.futuremarketinsights.com/reports/lactoferrin-market