The
global lactoferrin market is expected to reach USD 167.9 million by 2025,
according to a new report by Grand View Research, Inc. Increasing demand for
infant formula has been a major factor driving market growth. Utilization of
lactoferrin has increased owing to the rising health concerns among consumers.
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Lactoferrin
is derived from the transferrin family and is a multifunctional protein.
Transferrins are glycoproteins and are known to have the ability to control the
free iron content in the human body, and bind them together. The transferrin
family derivative is present in extensive quantities in various parts of the
human body including, tears, nasal secretions, milk, and saliva.
The
multifunctional protein helps to separate the free iron in the human body and
also remove any content which promotes bacterial activity. The transferring
family derivative helps to inhibit the bacterial growth by binding the
lipopolysaccharides with bacterial walls and thus forming peroxides. Owing to
this ability of the multifunctional protein, it is widely used in the
healthcare sector for curing and preventing bacterial infections &
diseases. The antibacterial function of lactoferrin is projected to show a high
growth over the next eight years. The antibacterial function segment had a
market share of 20.4% in 2016.
Infant
formula application segment is expected to have a steady growth rate over the
next eight years with an estimated CAGR of 8.1%. The multifunctional protein is
the key component of human milk required for infants as they help in iron
absorption and its transportation. Cow's milk contains the multifunctional
protein in minute quantities of 0.1 mg/mL, whereas infants require it in the
quantities of 2-3 mg/mL. Commercially produced infant formula with lactoferrin
content has high iron absorption, antibacterial, and antioxidation properties.
This factor is projected to propel the infant formula segment growth over the
next eight years.
Further
key findings from the report suggest:
•
The global lactoferrin demand was 255.0 tons in 2016 and is expected to grow at
a CAGR of 8.1% from 2017 to 2025
•
Iron absorption emerged as the largest function segment in 2016 and is
estimated to be worth 151.9 tons by 2025
•
Intestinal flora protection is anticipated to be the fastest growing function
segment over the next eight years and is estimated to grow at a CAGR of 8.7%
•
The global lactoferrin demand in food & beverages application was valued at
USD 19.7 million in 2016 and is anticipated to witness steady growth over the
next eight years
•
Industry participants include Metagenics, Pharming Group N.V., Vitalus
Nutrition Inc., Ingredia SA., MP Biomedicals, Glanbia Nutritionals, Farbest
Brands, Fonterra Co-Operative Group Ltd., and ProHealth
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Table of Contents
Chapter 1 Methodology and Scope
1.1
Research methodology
1.2
Research scope and assumptions
Chapter 2 Executive Summary
2.1
Lactoferrin - Industry snapshot and key buying criteria
Chapter 3 Lactoferrin Market Variables,
Trends & Scope
3.1
Market segmentation & scope
3.2
Penetration & growth prospect mapping
3.3
Value chain analysis
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