Global Lactoferrin Market Size & Outlook, 2023-2028
Global lactoferrin market, 2017-2028 (US$K)
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Global lactoferrin market highlights
- The global lactoferrin market generated a revenue of USD 274,685.0 thousand in 2023 and is expected to reach USD 411,830.0 thousand by 2028.
- The market is expected to grow at a CAGR (2024 - 2028) of 8.4% by 2028.
- In terms of segment, iron absorption accounted for a revenue of USD 80,633.9 thousand in 2023.
- Intestinal Flora Protection is the most lucrative function segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2028.
Global data book summary
| Market revenue in 2023 | USD 274,685.0 thousand |
| Market revenue in 2028 | USD 411,830.0 thousand |
| Growth rate | 8.4% (CAGR from 2023 to 2028) |
| Largest segment | Iron absorption |
| Fastest growing segment | Intestinal Flora Protection |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2028 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Iron Absorption, Antiinflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant |
Other key industry trends
- In terms of revenue, the North America accounted for 23.3% of the global lactoferrin market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Japan is the fastest growing regional market and is projected to reach USD 23,284.4 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Synlait Milk Ltd | View profile | 363 | 1028 Heslerton Road, RD13, Rakaia, STL, New Zealand, 7783 | https://www.synlait.com |
| FrieslandCampina | View profile | 10001+ | Amersfoort, Utrecht, The Netherlands, Europe | https://www.frieslandcampina.com |
| Pharming Group | View profile | 382 | Darwinweg 24, Leiden, ZH, Netherlands, 2333 CR | https://www.pharming.com |
| MP Biomedicals | View profile | 501-1000 | Santa Ana, California, United States, North America | http://www.mpbio.com/index.php?cPath=8&country=223 |
| Hilmar Cheese Company | View profile | 1001-5000 | Hilmar, California, United States, North America | https://www.hilmarcheese.com |
| Fonterra Co-operative Group | View profile | 10001+ | Auckland, Auckland, New Zealand, Oceania | http://fonterra.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
Global lactoferrin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lactoferrin market will help companies and investors design strategic landscapes.
Iron absorption was the largest segment with a revenue share of 29.36% in 2023. Horizon Databook has segmented the Global lactoferrin market based on iron absorption, antiinflammatory, intestinal flora protection, antibacterial, immune cell stimulation, antioxidant covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Lactoferrin Function Outlook (Revenue, USD Thousand, 2017-2028)
- Immune Cell Stimulation
- Antioxidant
- Antibacterial
- Antiinflammatory
- Iron Absorption
- Intestinal Flora Protection
- Global Lactoferrin Application Outlook (Revenue, USD Thousand, 2017-2028)
- Sports & Functional Food
- Others
- Food Products
- Infant Formula
- Pharmaceuticals
- Personal Care Products
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Target buyers of Global lactoferrin market databook
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lactoferrin market , including forecasts for subscribers. This global databook contains high-level insights into Global lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global lactoferrin market size, by regions, 2017-2028 (US$K)
Top 10 countries: Lactoferrin market size, 2023 (US$K)
Global lactoferrin market share, by application, 2023 & 2028 (%, US$K)
Lactoferrin market: Opportunity assessment by country
Global lactoferrin market, by region, 2023 (US$K)
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