The global lactoferrin market is expected to grow from USD 142.47 million in 2020 to USD 395.75 million by 2030, at a CAGR of 9.20% during the forecast period 2021-2030. Global lactoferrin market is witnessing a considerable growth owing to the rising demand for lactoferrin in emerging and developing nations.

Market Overview:

Lactoferrin is classified as a multifunctional protein which is found inseveral organic secretions including milk. Lactoferrin has antibacterial, antifungal, iron binding/transferring, antiviral, anti-carcinogenic and anti-inflammatory properties. These functional abilities of the lactoferrin depends upon the structure of the multifunctional protein. Lactoferrin is generally extracted from bovine milk and consequently added and mixed into various commercial food productsfor instance in cosmetics, infant formula, toothpaste and nutritional supplements. This multifunctional protein is sensitive to denaturation made by some physicochemical stresses and temperature. Hence, the extraction, process of the lactoferrin coupled with the processing parameters for the lactoferrin containing food products should be improved and optimized in order to avoid denaturation. Lactoferrin is one of the important components of the immune system. The protien’santibacterial and antifungal characteristics mainly acts defense mechanism in the body.Due to this, lactoferrin offers antibacterial and antifungal ability to human infants. Lactoferrin cooperates with RNA and DNA molecules along with heparin and polysaccharides, and shows some of its biological functions in complexes with these ligands. In 1939, lactoferrin was first isolated by Sorensen and Sorensen from bovine milk.

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Market Dynamics:

Drivers:

• Rising Demand for Lactoferrin in Developing Nations

Lactoferrin (formerly known as lactotransferrin) is a glycoprotein, and categorized as a part of transferrin family. Lactoferrin possesses the ability of transferring and binding Ferric (Fe3+) ions. This multifunctional protein have numerous health benefits regarding anti-bacterial, antiparasitic, anti-fungal, anti-viral, and anti-tumor characteristics. Lactoferrin helps in bone growth, stimulates the retrieval of immune system functions and protects the intestinal epithelium in the body. In some countries, lactoferrin is utilized in the treatment process of hepatitis-C. This multifunctional protien also helps in optimizing the health and mental condition Alzheimer’s disease patients. Thus, the rising adoption of lactoferrinin developing countries is going to escalate the market growth and development in the market.

• Increasing Cases of Bacterial Infection

The rising incidences of the bacterial infections is the primary factor for stimulating the market growth and development. Many human infections are caused by either viruses or bacteria. The increasing cases of acne is going to increase the demand for the lactoferrin. Acne, also known as acne vulgaris, is a long-term skin disease which happens when the oil from the dead skin follicles block hair follicles.Acne is caused by a bacterium known as P.acnes. According to the World Health Organization (WHO), around 51% of women and 43% of men are reported to experienceacne during their twenties, around 33% of women and 20% of men are reported to experienceacne during their thirties, around 26% of women and 12% of men are reported to experience acne during their forties and around 15% of women and 7% of men reported experiencing acne during their fifties all across the globe. Thus, growing prevalence of this skin disease is going to spur the market development.

Restraints:

• Lactoferrin ability to cause diarrhoea

Overconsumption of lactoferrin often causes diarrhoea. Additionally, high doses of lactoferrin may cause digestive upset and gastrointestinal disorders. Also, if lactoferrin is consumed in high doses the incidences of skin rash, loss of appetite, fatigue, chills, and constipation may occur.

Opportunities:

• Rising health consciousness amongst the population

The growing health consciousness amongst the population is going to provide significant opportunities for the market to grow and develop in the future. The consumer’s inclination towards healthy lifestyle and growing utilization of additional nutritionare the main factors owing to the health consciousness. Rapid urbanization coupled with the rising expenditure in the developing and emerging countries is also going to provide potential opportunities. Additionally, innovative technologies are desired to resolve issues of food preservation in emerging as well as developed countries. There is a growing demand for antimicrobial food packaging assimilated with Lactoferrin, and biofilm control in food processing using lactoferrin. Thus, these factors will help the market to grow and flourish in future.

Challenges:

• Availability of Substitutes

Anaemia is a blood condition where there is a lack of a protein called haemoglobin. Haemoglobin is required to carry oxygen in the blood and transport it around the body. Both lactoferrin and ferrous sulfate is used to treat anemia. Additionally, ferrous sulfate is an essential body mineral. Additionally, oral ferrous iron salts are the most cheapest and cost-effective in nature that is generally prescribed for the medication for the treatment of iron deficiency anemia. Thus, this factor may hamper the market growth and development in future.

Segmentation Analysis:

The global lactoferrin market has been segmented based on source, function, applicationand regions.

• The source segment is divided intohuman milk and cow’s milk. Thehuman milk segment is going to going to dominate the market with around 62% in 2020. The segmental growth is attributed because large amount of lactoferrin is found in human milk, just after the baby is born known as colostrum. Colostrum holds high levels of lactoferrin, about seven times the amount found in breast milk that is produced in due course of time.
• The function segment includesiron absorption, antioxidant, antibacterial, anti-inflammatory, immune cell stimulation, and intestinal flora protection. The iron absorption segment dominated the market with a market share around 28% in 2020. The segment growth is attributed because lactoferrin is usually used to treat anemia disorder. Anemia occurs because of iron deficiency in haemoglobin. Anemia affects around 30% of the global population. Thus, this factor is going to stimulate the segmental growth.
• By application, the market is segmented into infant formula, food & beverages, animal feed, personal care products, pharmaceuticals, and sports & functional food. The infant formulasegment is going to have the highest growth during the forecast period. The segment growth is mainly attributed owing to binding property of Ferric ions associated with the lactoferrin. Also, lactoferrin possesses antibacterial and antifungal attributes which acts as an important agent for immunity in babies and infants.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa.Asia Pacific region emerged as the largest market for the lactoferrin market with around 32.5% share of the market revenue in 2020.

• The regional growth is attributed because of the rise in demand for lactoferrin in the developing and emerging countries in the present scenario. The key organizations engaged in production and manufacturing of lactoferrin are gradually expanding their base in Asia Pacific region because of the presence of the large consumer base coupled with the rising popularity of the health consciousness amongst the population in and across the region.
• North America is expected to grow at the highest CAGR over the forecast period owing to the rising incidences of the bacteria related diseases and disorders. According to the American Academy of Dermatology, acne is the most general skin disease in U.S. coupled with the developed countries like Canada affecting over 50 million American populationeach year.

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global lactoferrin industry.

In May 2018, BegaBionutrientslaunched Inferrin that is a microencapsulated lactoferrin. This new Inferrinproduct is intendedto increase the applications of lactoferrinsubjected to food and dietary supplements.

In March 2016, Mead Johnson Nutrition Company launched of their new product line Enfinitasin order to enhance and optimize the nourishment in the children worldwide. This in turn will help in strengthening the position of the company in near future.

List of Key Market Players:

• Tatua Co-Operative Dairy Company Ltd
• Synlait Milk Ltd
• Royal FrieslandCampina
• Merck KGaA
• Ingredia SA
• Glanbia PLC
• Freedom Foods Group Ltd
• Fonterra Co-operative Group Limited
• Farbest Brands
• Bega Cheese Limited

Key Target Audience

• Pharmaceutical companies
• Research and Development (R&D) Companies
• Government Research Laboratories
• Government Authorities And R&D Institutions
• Academic & Medical Research Institutions
• Investors

Report Description:

• Global lactoferrin Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
• 2020 is considered as the base year of the report. 2017 and 2018 are considered as the historic years and 2021 to 2030 are the forecast years. The global lactoferrin market is based on revenue (USD Million). The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global lactoferrin market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East &Africa. Furthermore, the regions are further analyzed at the country level.
• The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of lactoferrinon the basis of source, function, application and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
• The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global lactoferrin market. This offers vital and in depth insights in order to depict the overall market scenario.
• The report offers the detailed study for the company profiles of key organizations operating in the global lactoferrinmarket and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
• The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
• Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors.
• Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global lactoferrin market) is covered in order to comprehend the adoption rate and evaluate the market size.