Lactoferrin Market

Lactoferrin Market Size, Share, Growth Analysis, By Function(Iron Absorption, Intestinal Flora Protection), By Application(Personal Care Products, Infant Formula), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2351 | Region: Global | Published Date: April, 2024
Pages: 165 |Tables: 61 |Figures: 78

Lactoferrin Market Insights

Lactoferrin Market size was valued at USD 245 million in 2019 and is poised to grow from USD 265.83 million in 2023 to USD 553.94 million by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

Lactoferrin is a protein found in both human and cow's milk that binds to iron. It is an ingredient that helps treat stomach and intestinal ulcers, diarrhea, and hepatitis C. It is also used to fight bacterial and viral infections as an antioxidant. The amount of lactoferrin in human milk, like colostrum, which is the first milk made after a baby is born, is higher than in cow's milk. Due to its clinical benefits, this ingredient can be used in several ways in food, pharmaceutical, and other industries.

US Lactoferrin Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 245 million

Largest Segment

Infant formula

Fastest Growth

Infant formula

Growth Rate

8.5% CAGR

Global Lactoferrin Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)

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Lactoferrin Market Segmental Analysis

The Global Lactoferrin Market is segmented based on functions, application, and region. Based on functions, the market is segmented into iron absorption and intestinal flora protection. Based on application, the market is segmented into personal care products and infant formula. Based on region, the global Lactoferrin market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Lactoferrin Market Analysis by Function

Iron absorption accounted for more than 29% of sales in 2021 and is predicted to maintain its lead during the projection period. Anemia, caused by iron deficiency, affects around 30% of the world's population. Lactoferrin is a crucial remedy for anemia because of its high bioavailability and capacity to boost blood ferritin levels by five times. According to the WHO, anemia affects 1.62 billion people worldwide, with the highest frequency among school-going children which is more than 47%.

Lactoferrin is a new-age remedy for anemia and a member of the transferrin family, which regulates free iron in bodily fluids and increases hemoglobin by binding iron. Antibacterial functionality was 2021's second-highest revenue sector. The product's capacity to limit bacterial growth and biofilm development will accelerate segment growth in the coming years. Lactoferrin is being used in more antimicrobial and antibacterial goods, which will boost segment growth.

Lactoferrin Market Analysis by Application

In 2021, the market for lactoferrin was led by the segment for infant formula, which made up more than 38.0% of all sales and is expected to grow at a steady pace throughout the analysis period. The demand is expected to grow because there are more clinical studies supporting the addition of lactoferrin to infant formula and consumer attitudes toward infant supplements are changing. Most of the demand for infant nutrition comes from developed economies and this will drive the global lactoferrin market growth.

During the forecast period, the segment for personal care products is expected to have the fastest CAGR. This growth can be attributed to the fact that people are buying more personal care products that are soothing and have properties that help reduce skin inflammation. It does this by stopping the production of inflammatory chemicals called cytokine mediators. The biggest benefit of lactoferrin is that it could be used as a non-toxic and anti-cancer drug.

Global Lactoferrin Market By Application, 2021 (%), 2023 (%)

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Lactoferrin Market Regional Insights

Asia-Pacific accounted for the biggest regional market with more than 42.0% of the revenue in the year 2021. India, China, and Japan are driving the growth of the region's markets, which are also growing because more people are living there and they have more money to spend. Also, the market for lactoferrin in the region is likely to grow because more people are getting aware of infant nutrition, personal care, and pharmaceutical products, and more people are interested in buying organic products.

North America was lactoferrin's second-biggest market in 2021. The U.S. became the largest market. Digestive disorders are growing increasingly widespread, thus more individuals are buying this product. The adoption of incentive-based marketing strategies by brand owners to promote sales is also predicted to help the industry grow in the coming years. Key market participants in the region use marketing activities and techniques, such as branding, to expand their companies.

Global Lactoferrin Market By Geography, 2022 - 2028, 2024-2031
  • Largest
  • Fastest

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Lactoferrin Market Dynamics

Lactoferrin Market Driver

  • Demand for lactoferrin-related products is likely to go up because consumers are becoming more aware of health and diet, and because skin-related health problems are becoming more common. Lactoferrin is thought to have antiviral, antibacterial, antiparasitic, catalytic, and anti-allergic properties and functions, which is why the pharmaceutical and personal care industries are expected to drive lactoferrin product demand.

Lactoferrin Market Restraint

  • Despite increased demand for enhanced nutritional and baby formula products, some obstacles are limiting the market growth. Lactoferrin-containing products are expensive. Food, nutritional supplements, newborn formula, and other segments demand 90.0% to 98.0% protein purity. The higher the purity, the more expensive it is to make, which raises pricing and slows down the market growth.

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Lactoferrin Market Competitive Landscape

The Lactoferrin market is relatively fragmented, with a high level of competition. Few large players, like Hilmar Cheese Company, Pharming Group NV, and Synlait Milk Ltd., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Lactoferrin Market Top Player’s Company Profiles

  • Tatura Milk Industries Ltd.
  • Fonterra Co-operative Group Limited
  • Morinaga Milk Industry Co., Ltd.
  • Glanbia Nutritionals
  • FrieslandCampina DMV
  • Synlait Milk Ltd.
  • Tatua Co-operative Dairy Company Limited
  • Ingredia SA
  • Milei GmbH
  • Agennix AG
  • Westland Milk Products
  • ProHealth, Inc.
  • Proline Biotec
  • Metagenics, Inc.
  • Ferrin-Tech, LLC
  • Vitalus Nutrition Inc.
  • Bega Cheese Limited
  • ProBio Health Holding Company Ltd.
  • Farbest Brands
  • Avestia Pharma

Lactoferrin Market Recent Developments

  • In April 2022, Leniolisib, a potential treatment for activated phosphoinositide 3-kinase delta syndrome (APDS) in children, must first pass through the regulatory process of having an agreed-upon Paediatric Investigation Plan (PIP) before it can be approved for sale on the market. Leniolisib has been given the Promising Innovative Medicine (PIM) designation, which is an early indicator that it may be eligible for the Early Access to Medicines Scheme run by the MHRA.
  • In May 2021, The Governor of Kansas, Laura Kelly, and representatives from Hilmar Cheese Company, Inc. announced that the Company has decided to construct a brand new, cutting-edge cheese and whey protein production plant in Dodge City, Kansas.
  • In September 2020, FrieslandCampina Ingredients announced that it will increase the amount of lactoferrin it can make in Veghel, Netherlands, by 60 metric tonnes by the year 2022. This will help the company's Early Life Nutrition and Adult Nutrition segments grow strategically. With its new capacity of 70 mt per year, FrieslandCampina Ingredients will be the biggest producer of lactoferrin in the world.

Lactoferrin Key Market Trends

  • Demand for lactoferrin has skyrocketed in recent years. Infant formula was until 2015 thought to be the primary use. While research continues, the focus is now squarely on potential uses in areas including food, pharmaceuticals, and nutritional supplements. An increasing number of people in both industrialized and developing nations are turning to dietary supplements containing additional lactoferrin as an alternative to consuming artificial compounds.

Lactoferrin Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, Asia Pacific is the largest consumer, followed by North America, which will probably drive the demand for this product in the future and will see tremendous growth during the analysis period. The main driver and propellant of market growth is the diversified use of lactoferrin in various fields apart from infant food.

Report Metric Details
Market size value in 2023 USD 245 million
Market size value in 2031 USD 553.94 million
Growth Rate 8.5%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Function
    • Iron Absorption, Intestinal Flora Protection
  • Application
    • Personal Care Products, Infant Formula
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Tatura Milk Industries Ltd.
  • Fonterra Co-operative Group Limited
  • Morinaga Milk Industry Co., Ltd.
  • Glanbia Nutritionals
  • FrieslandCampina DMV
  • Synlait Milk Ltd.
  • Tatua Co-operative Dairy Company Limited
  • Ingredia SA
  • Milei GmbH
  • Agennix AG
  • Westland Milk Products
  • ProHealth, Inc.
  • Proline Biotec
  • Metagenics, Inc.
  • Ferrin-Tech, LLC
  • Vitalus Nutrition Inc.
  • Bega Cheese Limited
  • ProBio Health Holding Company Ltd.
  • Farbest Brands
  • Avestia Pharma

Lactoferrin Market Recent Developments

  • In April 2022, Leniolisib, a potential treatment for activated phosphoinositide 3-kinase delta syndrome (APDS) in children, must first pass through the regulatory process of having an agreed-upon Paediatric Investigation Plan (PIP) before it can be approved for sale on the market. Leniolisib has been given the Promising Innovative Medicine (PIM) designation, which is an early indicator that it may be eligible for the Early Access to Medicines Scheme run by the MHRA.
  • In May 2021, The Governor of Kansas, Laura Kelly, and representatives from Hilmar Cheese Company, Inc. announced that the Company has decided to construct a brand new, cutting-edge cheese and whey protein production plant in Dodge City, Kansas.
  • In September 2020, FrieslandCampina Ingredients announced that it will increase the amount of lactoferrin it can make in Veghel, Netherlands, by 60 metric tonnes by the year 2022. This will help the company's Early Life Nutrition and Adult Nutrition segments grow strategically. With its new capacity of 70 mt per year, FrieslandCampina Ingredients will be the biggest producer of lactoferrin in the world.
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Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Lactoferrin Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Lactoferrin Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Lactoferrin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Lactoferrin Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Lactoferrin Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Lactoferrin Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Lactoferrin Market size was valued at USD 245 million in 2019 and is poised to grow from USD 265.83 million in 2023 to USD 553.94 million by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

The Lactoferrin market is relatively fragmented, with a high level of competition. Few large players, like Hilmar Cheese Company, Pharming Group NV, and Synlait Milk Ltd., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Tatura Milk Industries Ltd.', 'Fonterra Co-operative Group Limited', 'Morinaga Milk Industry Co., Ltd.', 'Glanbia Nutritionals', 'FrieslandCampina DMV', 'Synlait Milk Ltd.', 'Tatua Co-operative Dairy Company Limited', 'Ingredia SA', 'Milei GmbH', 'Agennix AG', 'Westland Milk Products', 'ProHealth, Inc.', 'Proline Biotec', 'Metagenics, Inc.', 'Ferrin-Tech, LLC', 'Vitalus Nutrition Inc.', 'Bega Cheese Limited', 'ProBio Health Holding Company Ltd.', 'Farbest Brands', 'Avestia Pharma', 'In April 2022, Leniolisib, a potential treatment for activated phosphoinositide 3-kinase delta syndrome (APDS) in children, must first pass through the regulatory process of having an agreed-upon Paediatric Investigation Plan (PIP) before it can be approved for sale on the market. Leniolisib has been given the Promising Innovative Medicine (PIM) designation, which is an early indicator that it may be eligible for the Early Access to Medicines Scheme run by the MHRA.', 'In May 2021, The Governor of Kansas, Laura Kelly, and representatives from Hilmar Cheese Company, Inc. announced that the Company has decided to construct a brand new, cutting-edge cheese and whey protein production plant in Dodge City, Kansas.', 'In September 2020, FrieslandCampina Ingredients announced that it will increase the amount of lactoferrin it can make in Veghel, Netherlands, by 60 metric tonnes by the year 2022. This will help the company's Early Life Nutrition and Adult Nutrition segments grow strategically. With its new capacity of 70 mt per year, FrieslandCampina Ingredients will be the biggest producer of lactoferrin in the world.'

Demand for lactoferrin-related products is likely to go up because consumers are becoming more aware of health and diet, and because skin-related health problems are becoming more common. Lactoferrin is thought to have antiviral, antibacterial, antiparasitic, catalytic, and anti-allergic properties and functions, which is why the pharmaceutical and personal care industries are expected to drive lactoferrin product demand.

Demand for lactoferrin has skyrocketed in recent years. Infant formula was until 2015 thought to be the primary use. While research continues, the focus is now squarely on potential uses in areas including food, pharmaceuticals, and nutritional supplements. An increasing number of people in both industrialized and developing nations are turning to dietary supplements containing additional lactoferrin as an alternative to consuming artificial compounds.

Asia-Pacific accounted for the biggest regional market with more than 42.0% of the revenue in the year 2021. India, China, and Japan are driving the growth of the region's markets, which are also growing because more people are living there and they have more money to spend. Also, the market for lactoferrin in the region is likely to grow because more people are getting aware of infant nutrition, personal care, and pharmaceutical products, and more people are interested in buying organic products.

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