Lactoferrin is a globular glycoprotein of the transferrin category. It is usually present in differential fluid discharges of humans such as tears, milk, and nasal and saliva secretions.
Progressive techniques to take lactoferrin from the skimmed milk resulting in raised production has expected to increase the market.
However, low consciousness amongst people and the high price of products are hindering market development.
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Market Data Forecast published a report named Lactoferrin Market. Lactoferrin Market worth was USD 96.29 million in 2018, and it was expected to reach at a CAGR of 8.3%, to reach USD 143.46 million by 2023.
Report segmented as:
- Iron Absorption
- Intestinal Flora Protection
- Antioxidant and Immune Cell Stimulation
- Food and Beverages
- Infant Formula
- Sports and Functional Foods
- Animal Feed
- Pharmaceuticals and Personal Care
Based on geography, the market divided under many countries namely, North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa. Europe has led the Lactoferrin Market, and Latin America estimated to reach the highest rate.
Key market players:
- FrieslandCampina DMV (Netherlands)
- Glanbia Nutritionals
- Metagenics (US)
- Westland Co-Operative Dairy Co. Ltd.
- Pharming Group N.V. (Netherlands)
- Fonterra Co-Operative Group Ltd.
- MP Biomedicals
- Vitalus Nutrition Inc. (CA)
- Synlait Milk Ltd.
- Ingredia SA
- Westland Co-Operative Dairy Co. Ltd. (New Zealand)
- Synlait Milk Ltd. (New Zealand)
- Ingredia SA (US)
- Vitalus Nutrition Inc.
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The Scope of the report:
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