Lactoferrin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Lactoferrin Manufacturers and the market is segmented by end-user application (food and beverage, infant nutrition, sports and functional supplements, pharmaceutical industry, animal feed, and personal care and cosmetics) and geography.

Lactoferrin Market Size

household cleaners market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.20 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Lactoferrin Market

*Disclaimer: Major Players sorted in no particular order


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Lactoferrin Market Analysis

Global lactoferrin market is projected to grow at a CAGR of 7.2% during the forecast period.

  • The lactoferrin market is highly driven by the increasing usage of lactoferrin in various applications, such as infant formula,food supplements, sports nutrition, dietetic food, non-alcoholic beverages, bakery, etc. It helpsin developing resistance in newborns toward various infections and also has many biological activities that are essential for maintaining infant health.
  • The European Food Safety Authority (EFSA) categorized lactoferrin as a safe milk protein to be used in various applications.The lactoferrin market was dominated by Europe,followed by North America and Asia-Pacific. With the growing demand and wide range of applications in Asia-Pacific, the market for lactoferrin has high growth potential in the developing countries.

Lactoferrin Market Trends

This section covers the major market trends shaping the Lactoferrin Market according to our research experts:

Strong Growth Potential in the Developing Countries

The consumer’s preference for cosmeceutical products that combine cosmetic and pharmaceutical features, such as acne treatment and anti-aging, is increasingly becoming popular and is estimated to witness growth at 10% - 20% per annum in the Asia-Pacific region. Personal care is a major market in China, Australia, and India. Hence, lactoferrin is expected to record a surging demand for its applications in acne care products, as lactoferrin combined with vitamin A and zinc acts as a key ingredient for mild to moderate acne. Dairy proteins are considered the most important sources of bioactive peptide. There has been an increase in the usage of these peptides in various sports nutrition and nutraceuticals, owing to the rise in awareness on various health issues, along with growing population and increasing disposable income.

Lactoferrin Market 1

Europe Holds the Major Share

Owing to the robust performance in Germany and the United Kingdom, Europe generated a significant revenue share during the review period. Germany's most innovative food and industry sectors include the dairy industry with approximate milk production volume for 313 million metric ton in 2017. This, in turn, has provided a great opportunity to the lactoferrin manufacturers with increased application in different dairy products, such as organic yogurts. The increasing demand for performance nutrition is also driving the market. Consumers have started to opt for healthier beverages rather than carbonated drinks and soft drinks

Lactoferrin Market 2

Lactoferrin Industry Overview

The lactoferrin market is highly concentrated, with the presence of various regional and global players. The major players of the market have its presence all across the world. The companies try to have a competitive advantage by expanding their product range, differentiation, functional benefits, etc. The market is dominated by players, like Synlait Milk, Fonterra, Bega Cheese Ltd, FrienslandCampina, etc.

Lactoferrin Market Leaders

  1. Glanbia

  2. Royal FrieslandCampina

  3. Synlait

  4. Merck KGaA

  5. Fonterra

*Disclaimer: Major Players sorted in no particular order

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Lactoferrin Market Report - Table of Contents


    1. 1.1 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By End-user Application

      1. 5.1.1 Food and Beverage

      2. 5.1.2 Infant Nutrition

      3. 5.1.3 Sports and Functional Supplements

      4. 5.1.4 Pharmaceutical Industry

      5. 5.1.5 Animal Feed

      6. 5.1.6 Personal Care and Cosmetics

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Russia

        6. Spain

        7. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Most Active Companies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Glanbia PLC

      2. 6.3.2 Royal FrieslandCampina

      3. 6.3.3 Synlait Milk Ltd

      4. 6.3.4 Merck KGaA

      5. 6.3.5 Fonterra Co-operative Group Limited

      6. 6.3.6 Bega Cheese Limited

      7. 6.3.7 Freedom Foods Group Ltd

      8. 6.3.8 The Tatua Co-Operative Dairy Company Ltd

      9. 6.3.9 Ingredia SA

      10. 6.3.10 Farbest Brands

    4. *List Not Exhaustive

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Lactoferrin Industry Segmentation

The lactoferrin market is segmented by end-user application into food and beverage, infant nutrition, sports and functional supplements, pharmaceutical industry, animal feed, and personal care and cosmetics. The geographical analysis of the market has also been included in the market.

By End-user Application
Food and Beverage
Infant Nutrition
Sports and Functional Supplements
Pharmaceutical Industry
Animal Feed
Personal Care and Cosmetics
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Lactoferrin Market Research FAQs

The Lactoferrin Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

Glanbia, Royal FrieslandCampina, Synlait, Merck KGaA and Fonterra are the major companies operating in the Lactoferrin Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Lactoferrin Market.

The report covers the Lactoferrin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lactoferrin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Lactoferrin Industry Report

Statistics for the 2023 Lactoferrin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lactoferrin analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Lactoferrin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)