Market Size of Lactoferrin Industry
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*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.