An Incisive, In-depth Analysis on the Lactoferrin Market
This study offers a comprehensive, 360 degree analysis on the Lactoferrin market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lactoferrin market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Lactoferrin Market to Surpass US$ 237 Bn by 2029
Medical applications of Lactoferrin thrust global lactoferrin market to grow at a healthy CAGR of more than 5% between 2019 and 2029. Traction from medical community can be attributed to the increase in number of skin diseases, iron & inflammatory homeostasis issues, and anemia of inflammation in the world. This cationic glycoprotein (Lactoferrin) is a nutritional ingredient in food & beverage products such as infant formula, food supplements, sports nutrition, non-alcoholic beverages, and bakeries.
Clinical Nutrition Paves Way for Rapid Adoption
Clinical applications of lactoferrin poise clinical nutrition segment as the share-wide and growth-wise leader of the market. The red fraction of milk, lactoferrin has an antimicrobial characteristic that protects human body against numerous pathogens. It is regarded as a nutraceutical protein proposed to play a vital role in neuropathic and neurodevelopment mechanisms. Owing to surging demand from anemic patient community, product manufacturers in clinical nutrition segment are increasing the demand for lactoferrin.
North America and Latin America Leads Global Market
North America and Latin America collectively account for more than 35% of market share. Rising cases of skin disease is the driving force behind this market dominance. The American Academy of Dermatology suggests that over 50 Mn Americans suffer from skin diseases such as acne every year. East Asia offers gainful growth opportunities with an astounding growth rate of more than 7% during the forecast period. Developing economies in this region are invested in decreasing the cases of iron deficiency and promoting consumer health. Europe and Middle East & Africa also offer remunerative prospects with a robust growth rate of around 7% during the forecast period.
Dietary Supplements Shape Competitive Landscape
Dietary supplements will lead demand generation by supplement type. Lactoferrin has found numerous applications amid confirmation of its benefits from the medical community. Consumers are increasingly looking for lactoferrin dietary supplements that help in managing gut health. Market players are investing in research and development to devise innovative lactoferrin variants that can be used in unexplored medical conditions. Liquid form-factors prevail as the most preferred in lactoferrin market. The segment exhibits share-wide and growth-wise dominance throughout the forecast period.
Drugstores Lead Share-wide and Growth-wise Demand Generation
On the basis of distribution channel drugstores lead the segmentation in share-wide and growth-wise trajectories. Other sales channels that market players employ are specialty stores, modern trade channels, third party online channels, and direct-to-customer channels. Despite the prevalence of e-commerce platforms across industry verticals medicinal products continue to be bought from physical stores in developed, as well as, developing economies. Tailwinds from the e-commerce era are however showing signs of increased penetration in the form of third party online and direct-to-consumer sales channels. The third party online channel is expected to present lucrative growth opportunities as consumers become increasingly comfortable in buying medicinal drugs and nutritional supplements online. Major players in the market are Glanbia plc, Fonterra Co-operative Group Ltd., Vitalus Nutrition Inc., NutriSciences, Milei GmbH, Pharming Group NV, Nestle SA., Bega Cheese Group, Farbest Brands, and InVitria.
FREQUENTLY ASKED QUESTIONS ABOUT lactoferrin market
What drives the lactoferrin market?
Application of lactoferrin in skin diseases, iron deficiencies, inflammatory issues, and anemia of inflammation drives the lactoferrin market. The rising awareness about iron nutrition plays a central role in mass-adoption of lactoferrin.
What is the expect market valuation by the end of 2029?
The global lactoferrin market is expected to cross US$ 237 Bn in market value by the end of forecast period (2029).
Which region will lead the global sales of lactoferrin?
North America will lead the global sales of lactoferrin. Worrying statistics about skin diseases in North American countries is a major factor that drives growth in this region.
Which product segment is likely to witness highest growth?
Dietary supplements segment will register the highest growth in lactoferrin market. This growth can be attributed to rising health concerns among consumers and prevalence of plant-based diets that require dietary supplements.
Which segment based on application will record the highest growth?
Clinical nutrition is expected to record the highest growth. The anti-microbial nature of lactoferrin protects the human body against harmful pathogens. This coupled with the pivotal role of lactoferrin in neuropathic and neurodevelopment drive adoption in clinical applications.
Which segment based on distribution channels will generate highest demand?
Drugstores will maintain its share-wide dominance and prevail as the highest demand generator by the end of forecast period. Online distribution channels such as third party platforms and direct to consumer online sales will offer lucrative growth opportunities.
Lactoferrin Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the lactoferrin market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global lactoferrin market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Supplement Type
By Sales Channel
Chapter 01 - Executive Summary
The executive summary of the lactoferrin market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global lactoferrin market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the lactoferrin market in this chapter, which will help them understand basic information about the lactoferrin market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the lactoferrin market report.
Chapter 03 – Market Background
The associated industry assessment of the lactoferrin market is carried out in this section. The macroeconomic factors affecting growth of the lactoferrin market are provided in this section and the impact of these macroeconomic indicators on the lactoferrin market is analyzed. The processing overview and technological advancements in the lactoferrin market is also provided.
Chapter 04 - Global Intergrated Food Ingridents Market Value Chain
Profit margins at each level of the lactoferrin market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 – Market Dynamics
The drivers and restraints impacting the growth of the lactoferrin market are explained in this chapter. Opportunities and ongoing trends in the lactoferrin market are also comprehensively discussed.
Chapter 06 – Global Lactoferrin Market Analysis and Forecast 2014-2029
This chapter includes detailed analysis of the historical lactoferrin market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019–2029). This chapter provides details about the lactoferrin market on the basis of form, supplements type, by application and sales Channel. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the lactoferrin market is anticipated to grow across North America, Latin America, Europe, South Asia, Oceania, East Asia and Middle East and Africa.
Chapter 07 – North America lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the lactoferrin market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type and countries in the North America region.
Chapter 08 – Latin America Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the lactoferrin market in the Latin America region. This chapter also includes growth prospects of the lactoferrin market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 09 –Europe Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the lactoferrin market based on its end user in several countries such as Germany, Italy, France, U.K., Spain, BENLUX, Russia and Rest of Europe are included in this chapter.
Chapter 10 – South Asia Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the lactoferrin market in South Asia region including the important growth prospects of the lactoferrin in several countries such as India, Thailand, Indonesia, Malaysia, and Oceania and Rest of South Africa are included in this chapter.
Chapter 11 – East Asia Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the lactoferrin market in East Asia region including the important growth prospects of the lactoferrin in several countries such as China, Japan and South Korea are included in this chapter
Chapter 12 – Oceania Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the lactoferrin market in the Oceania. Readers can also find regional trends, regulations, and market growth of countries in the Oceania
Chapter 13 – Middle East and Africa Lactoferrin Market Analysis 2014-2018 & Forecast 2019-2029
This chapter offers insights into how the lactoferrin market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Northern Africa and the Rest of MEA, during the forecast period 2019-2029.
Chapter 14 – Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the lactoferrin market along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the lactoferrin market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report are Glanbia plc, Fonterra Co-operative Group Ltd.,Vitalus Nutrition Inc.,NutriScience, Milei Gmbh, Pharming Group NV, Nestle SA.,Bega Cheese Group,Farbest Brands, InVitria, Farbest Brands and others.
Chapter 15 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the lactoferrin report.
Chapter 16 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the lactoferrin market.
Sources and Primary Research Splits (%)