The Worldwide Lactoferrin Industry Is Expected to Reach $408 Million by 2027 - ResearchAndMarkets.com

The "Global Lactoferrin Market By Function, By Application, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Lactoferrin Market size is expected to reach $408 Million by 2027, rising at a market growth of 8.5% CAGR during the forecast period.

Key Market Players:

• Royal FrieslandCampina N.V.
• Glanbia PLC
• Fonterra Co-operative Group Limited
• Morinaga Milk Industry Co., Ltd.
• Ventria Bioscience, Inc. (InVitria)
• Farbest Brands
• Bega Cheese Ltd (Tatura Milk Industries Ltd.)
• MP Biomedicals LLC (Valiant Co., Ltd.)
• Synlait Milk Limited
• Pharming Group NV

Lactoferrin provides stimulating effects on the immune system and also prevents cell damage caused by aging. Moreover, it supports the culture of useful bacteria in the intestinal tract and controls viruses, bacteria, and fungi combined with being a regulator to iron metabolism. Lactoferrin is proven to be efficient in treating hepatitis C infection by suppressing the multiplication of the virus at the intracellular level. Therefore, lactoferrin finds potential applications in personal care, nutraceutical, and pharmaceutical industries, thereby boosting the growth of the lactoferrin market during the forecast period.

The demand for the product is expected to be propelled by the surge in awareness among the consumers about the health & diet, combined with the growing occurrence of skin-related health conditions. Lactoferrin is proven to show antiviral, antiparasitic, antibacterial, anti-allergic, and catalytic functions and properties. As per the American Academy of Dermatology, acne is the most common skin condition in the U.S., affecting above 40 to 50 million individuals in the country each year. The acne treatment market is expected to also witness massive growth throughout the forecast period.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has boosted the demand for supplements. There is a higher demand among the consumers to boost immune health, support their bodies, and decrease anxiety. The retail store remained close due to the stringent lockdown conditions; hence online channels are utilized to fulfill the changing needs of the customers. Due to the constantly increasing demand, the makers are confronting different sorts of issues in terms of the supply of raw materials.

Companies are adopting preventive steps to fulfill the needs of the consumers and also facilitate the safety of the workers. All the organizations are complying with the norms and regulations formulated by the governmental bodies to open the stores. They are offering gloves, sanitizers, and masks to the store workers for ensuring their safety. The organizations are cutting down the opening hours of the stores and motivating customers to comply with the social distancing norms and utilize contactless payments.

Market Growth Factors:

Surge in the number of working women and increasing concerns about the infant nutrition

Lactoferrin is highly utilized in infant formula products due to its capability to bolster the immune system of the infant by improving anti-inflammatory and anti-infective activities and better iron absorption in the gut of the infant. An upsurge in consumer awareness about the significance of infant health and nutrition along with the rising number of working women is expected to create new growth avenues for lactoferrin in the global market.

Several advantages of lactoferrin

Lactoferrin assists in controlling how well iron gets mixed into the body from the intestine. It also fights against infections from viruses, bacteria, and fungi. Lactoferrin is proven to restrict the development of bacteria by not providing nutrients to them. It also eliminates the walls around the bacteria. The lactoferrin available in the milk of the mother is considered to assist breast-fed infants against infections. Lactoferrin is also helpful in the generation of blood cells and the body's ability to fight against infections.

Market Restraining Factor:

Low Availability of lactoferrin-based products

The under-developed and developing countries have low availability of lactoferrin-based products, which is expected to hinder the demand & growth of the lactoferrin market during the forecast period. Moreover, these countries have a low presence of key market players that further hamper the global lactoferrin market over the forecasting period.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.1.1 COVID-19 Impact

2.1.1.2 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Global Lactoferrin Market by Function

Chapter 4. Global Lactoferrin Market by Application

Chapter 5. Global Lactoferrin Market by Region

Chapter 6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/aeqzfj

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