Demand from nutraceutical industry propels the Global Lactoferrin Market

1. Global Lactoferrin Market foreseen to garner a CAGR above 8% by 2025 Market overview: The global Lactoferrin Market was worth USD 203.7 million in 2019, and it is estimated that it will reach a valuation of USD 379.5 million by 2025 at a CAGR of 8.1% during the outlook period. Lactoferrin is a glycoprotein found in cows and breast milk and is used as a supplement because it provides a number of health benefits. Lactoferrin is a type of protein commonly found in milk and breast milk. They are witnessing the demand from manufacturers in the pharmaceutical and nutraceutical industry and more. Market Drivers and Restrains: Lactoferrin has several medicinal properties that are expected to drive demand from the pharmaceutical and personal care sectors. With the spread of skin- related health conditions and growing consumer awareness of health and diet, demand is expected to increase. Also, the application of lactoferrin in the food and beverage industry is expected to boost the global lactoferrin market in the coming years. The market for lactoferrin has seen significant growth due to its rich antimicrobial properties. Consumer awareness of brand owners' product marketing initiatives, combined with a propensity for organic products to minimize side effects and increase efficiency, is expected to further drive demand. Additionally, the trend of increasing stamina among youth is increasing the demand for sports nutrition products, which is likely to lead the lactoferrin supplement market as lactoferrin provides nutritional value and is easy to consume. As lactoferrin regulates iron metabolism, acts as an antimicrobial agent and has antioxidant properties, it helps to stimulate immunity, so increasing consumer health awareness is an important factor driving the growth of the lactoferrin supplement market. Increased consumer awareness of gut health, coupled with increasing demand for lactoferrin to prevent irritable bowel movements, and a bloated feeling along with less intestinal inflammation, are expected to drive demand in this sector over the period forecast. Lactoferrin's ability to cause diarrhea is holding the market back. Increasing the dose can lead to rashes, loss of appetite, chills, and other problems that limit growth.

2. To know more read: https://www.marketdataforecast.com/market-reports/lactoferrin-market Report is segmented as: The global market for lactoferrin is segmented by function and use. By function, the lactoferrin market is segmented into antibacterial, anti-inflammatory, iron absorption, etc. Depending on the application, global lactoferrin is classified into infant formula, food and beverage, and pharmaceuticals. Geographical Segmentation: Asia Pacific emerged as the largest regional sector in 2019. In terms of volume, the region held almost 30.96% market share in the same year and is expected to maintain its position during the forecast period. India, China and Japan have been identified as the largest regional markets for the product. Unlike most other regions, Asia Pacific has a significant number of small businesses. North America was the second largest market for lactoferrin in 2019 while the United States has become the largest market. Growing digestive problems are driving demand for the products across the country. Furthermore, the increasing number of specialty stores, hypermarkets, supermarkets, and incentive marketing systems adopted by brand owners to expand sales are expected to drive demand for local products in the future. Key market players: Major players in the global lactoferrin market include Metagenics Pty Ltd, INGREDIA SA, Synlait Ltd and Tatura Milk Industries Pty. Ltd., ProHealth, Inc., Glanbia plc, Fonterra Co-operative Group, MILEI GmbH, Farbest Brands, The Tatua Co. -Operating Dairy Company Limited and Bega Bionutrients. View sample and decide: https://www.marketdataforecast.com/market-reports/lactoferrin- market/request-sample Scope of the report:

3. The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/