The global Lactoferrins market size is projected to reach USD 290 million by 2026 at a CAGR of 8.4% from USD 222 million in 2021 during the forecast period 2021-2028.
Lactoferrin is a milk-based protein found in the milk of both human and cow. The colostrum which is the first produced by the mother after delivery contains higher amounts of lactoferrin as compared to the following milk production. It is believed to be an immunity booster.
Increased use in the field of dermatology and acne treatment is the factors that have supported long-term expansion for Lactoferrins Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The demand for lactoferrin has increased during the pandemic due its immunity booster properties.
Asia Pacific is expected to be the largest market during the forecast period. The increase literacy and awareness amongst the people along with the expanding population and raised spending capacity of people has led to the expansion of market in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 222 million |
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Growth Rate |
CAGR of 8.4% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
Function, application and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Hilmar Cheese Company, Pharming Group NV, FrieslandCampina, Synlait Milk Ltd., Ingredia SA, MP Biomedicals, Tatura Milk Industries Ltd., Glanbia plc, APS BioGroup, ProHealth, Fonterra Cooperative Group Ltd., Farbest Brands, InVitria, Milei GmbH, Ferrin-tech LLC |
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Available Customization |
In addition to the market data for Lactoferrins Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Lactoferrins Market is segmented into function, application and geography.
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