Market Research

Lactoferrin Market predictable to reach USD 389.1 million by 2026, at a CAGR of 11.3 %.

Jul 13, 2020 9:00 PM ET

iCrowd Newswire – Jul 13, 2020

Lactoferrin is a multipurpose, iron-binding protein found in colostrum and breast milk. It plays an essential role in improving immunity, as it owns antitumor, antimicrobial, immunostimulant, anti-inflammatory properties. In addition, Lactoferrin works efficiently in the cure of stomach and intestinal ulcers, hepatitis C, and diarrhea. Whereas, its antioxidant and antimicrobial properties offer defense against bacterial and viral contagions. The Product is observing massive requests in Asia for a wide variety of nutritional applications, including infant formula, dietary additions, food & beverages, and sports nutrition.

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The increasing consciousness amid consumers concerning health and diet, along with the rising prevalence of skin-related health circumstances, is predictable to boost the demand. Lactoferrin is alleged to have antiviral, antibacterial, antiparasitic, catalytic, and anti-allergic functions and properties, which is predicted to drive the product demand from pharmaceutical and personal care industries. The acne cure market is also consequently predictable to see healthy development during the estimated period. Numerous clinical trials have proven the capability of lactoferrin to treat acne and other such skin disorders efficiently.

Lactoferrin Market

Consumer consciousness due to product advertising creativities taken by brand owners coupled with an inclination toward organic products with minimum side effects and higher efficiency is probable to additional boost the demand. Rising health awareness among consumers is a significant cause driving the development of the lactoferrin addition market as lactoferrin controls iron metabolism, acts as an antibacterial agent, has antioxidant properties and thus, helps in refining immunity. Besides, there has been a growth in the request for sports diet products due to the growing fitness trend among youths, which is likely to drive the lactoferrin addition market as lactoferrin offers nourishing value and is easy to eat.

The Asia Pacific developed as the leading regional section in 2019. China, India, and Japan were found to be the most important local markets for the product. This important share of Asia Pacific can be attributed to the growing spending volume of the consumers. The presence of a major consumer base in these countries, along with increasing birth rates among the population, is anticipated to create development opportunities.

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The increasing awareness amongst consumers regarding health and diet, along with the rising prevalence of skin-related health conditions, is predictable to increase the request. Lactoferrin is assumed to have catalytic, antiviral, antibacterial, anti-parasitic, and anti-allergic functions and properties, which is expected to drive the product demand from pharmaceutical and personal care industries. The acne treatment market is also consequently expected to witness strong development during the prediction period. Numerous clinical trials have proven the capability of lactoferrin to efficiently treat acne and other such skin circumstances.

Some of the leading players operating in the Global Lactoferrin Market NOW foods, Jarrow Formulas, Life Extension, Fonterra Cooperative Group, Glanbia Nutritionals, Synlait Milk Ltd., Metagenics, Inc., Naturade, Ingredia SA, Agennix Inc. and Morinaga Milk Industry Co. Ltd.

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