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Lactoferrin Market, By Function (Antibacterial, Anti-inflammatory, Iron Absorption, Immune Cell Stimulation, Antioxidant, and Intestinal Flora Protection), By Application (Sports & Functional Food, Infant Formula, Pharmaceuticals, Food & Beverages, and Personal Care Products), By Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

183 Pages | Published Date : June 2019 | Report Code: AV301 | Report Format: PDF

REPORT HIGHLIGHT

The Lactoferrin market was valued at USD XX billion by 2017, growing with XX% CAGR during the forecast period, 2018-2025.

Market Dynamics

Lactoferrin is a type of globular protein that has gained popularity owing to its multifunctional usage. It is a nutraceutical ingredient that is known for a range of health benefits, especially in children. It is used as one of the components of infant formula owing to its significance in paediatrics.

Some of the major contribution that lactoferrin offers in terms of health are higher antioxidant activity, anti-inflammatory and iron absorption properties. The boom in the Nutraceutical industry is a key driver in the lactoferrin market. The Nutraceutical industry witnessed a growth of over 7%(2012-2017) as per an article in the Nutraceutical world website. An increased awareness about this ingredient and its application in infant formulation makes is a desirable product with exponential growth capabilities. Nutraceutical and healthcare companies are investing in R&D capabilities to develop end products using lactoferrin. One of the restraining factors for this industry is the fact that it is one of the most oversupplied ingredients. Due to its wide applications and benefits, it is commonly available, this has resulted in a price drop situation for lactoferrin.

Functional Takeaway

Based on functional benefits of lactoferrin it benefits the consumer in the following ways as Iron Absorption, Anti-inflammatory, Antibacterial, Intestinal Flora Protection, Antioxidant, Immune Cell Stimulation, etc. Based on an article published in Nutraingredients.com, 2016, the journal of Pediatrics suggested that a lower infection rate was observed in children consuming lactoferrin. 

The European Food Safety Authority (EFSA) suggested that it safe for infants (between 0-6 months), to consume 1.2 gram bovine lactoferrin per day from infant formula (200 mg bovine lactoferrin /100 gram). functionality wise the antibacterial property is the major growth driver in for lactoferrin, it will witness a steady growth over the forecasted period. It’s function as an immune stimulator will also witness a significant growth in the years to come.

Application Takeaway

Application wise lactoferrin is used in Infant Formula, Food & Beverages, Pharmaceuticals, Sports & Functional Food, and Personal Care Products. Infant formula is one of the largest categories where lactoferrin finds an application. Lactoferrin is an immunity booster and antibacterial in nature, this makes it an ideal ingredient in the infant formulas. Therefore, it extremely common to see an increase in the use of lactoferrin in the infant formula industry.  It is well known that cow milk contains 0.1mg/ml of lactoferrin whereas an infant may need up to 2-3mg/ml. Infant formula is the fastest growing segment revenue wise. The food and beverage industry will witness a steady growth in terms of lactoferrin usage. This is followed by its demand in sports and nutritional, pharmaceutical products as well.

Regional Takeaway

Developing countries struggle with providing healthy nutritious foods for its citizens. The governmental organizations or regulatory bodies in Asia pacific countries encourage and promote having a healthier meal plan. Therefore, there is a rise in nutraceutical formulation development in these countries thus boosting lactoferrin sales. Therefore an increasing awareness about infant health globally has created a scenario where these countries are having an increased demand for using functional ingredients such as lactoferrin in their diet. Since parents are progressively becoming concerned and aware about what they feed their kids, functional food such as this have found a place in the nutritional space. The Asia Pacific region is expected to come up with the highest CAGR when it comes to the growth of this market.

Key Vendor Takeaway

Some of the key players when it comes to lactoferrin are MP Biomedicals, Tatua Milk Industries Ltd., Ingredia SA, Farbest Brands, and Pharming Group NV. Fonterra, one of the biggest players in dairy globally also set up a lactoferrin plant in the year 2016. Fonterra has had a 11 million worth upgrade to its lactoferrin factory.

 The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY FUNCTION

  • Antibacterial
  • Anti-inflammatory
  • Iron Absorption
  • Immune Cell Stimulation
  • Antioxidant
  • Intestinal Flora Protection

MARKET, BY APPLICATION

  • Sports & Functional Food
  • Infant Formula
  • Pharmaceuticals
  • Food & Beverages
  • Personal Care Products

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. LACTOFERRIN MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Function
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. LACTOFERRIN KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LACTOFERRIN INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. LACTOFERRIN MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. LACTOFERRIN MARKET – BY FUNCTION
6.1. Overview
6.1.1. Segment Share Analysis, By Function, 2017 & 2025 (%)
6.2. Antibacterial
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Anti-inflammatory
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Iron Absorption
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Immune Cell Stimulation
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Antioxidant
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.7. Intestinal Flora Protection
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. LACTOFERRIN MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Sports & Functional Food
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Infant Formula
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Pharmaceuticals
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Food & Beverages
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Personal Care Products
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. LACTOFERRIN MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Function, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Function, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. France
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Function, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. China
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Key Manufacturers in Rest of the World
8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Rest of the World Market Size and Forecast, By Function, 2014 – 2025 (US$ Million)
8.5.5. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Latin America
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. MP Biomedicals
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Tatua Milk Industries Ltd.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Ingredia SA
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Farbest Brands
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Pharming Group NV
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data Functions
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Lactoferrin market: Function snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Function
TABLE Global Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Lactoferrin market: application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by application
TABLE Global Lactoferrin market, by application 2014-2025 (USD Million)
TABLE Lactoferrin market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Lactoferrin market, by region 2014-2025 (USD Million)
TABLE North America Lactoferrin market, by country, 2014-2025 (USD Million)
TABLE North America Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE North America Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE U.S. Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE U.S. Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Canada Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Canada Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Europe Lactoferrin market, by country, 2014-2025 (USD Million)
TABLE Europe Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Europe Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Germany Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Germany Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE U.K. Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE U.K. Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Rest of the Europe Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Rest of the Europe Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Asia Pacific Lactoferrin market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Asia Pacific Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Japan Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Japan Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE China Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE China Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Rest of the World Lactoferrin market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Rest of the World Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Latin America Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Latin America Lactoferrin market, by application, 2014-2025 (USD Million)
TABLE Middle East and Africa Lactoferrin market, by Function, 2014-2025 (USD Million)
TABLE Middle East and Africa Lactoferrin market, by application, 2014-2025 (USD Million)

List of Figures
FIGURE Lactoferrin market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Function segment market share analysis, 2017 & 2025
FIGURE Function segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Antibacterial Sucrose market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Anti-inflammatory market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Iron Absorption market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Immune Cell Stimulation market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Antioxidant market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Intestinal Flora Protection market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Sports & Functional Food market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Infant Formula market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Pharmaceuticals market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Food & Beverages market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Personal Care Products market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Lactoferrin market share and leading players, 2018
FIGURE Europe Lactoferrin market share and leading players, 2018
FIGURE Asia Pacific Lactoferrin market share and leading players, 2018
FIGURE Latin America Lactoferrin market share and leading players, 2018
FIGURE Middle East and Africa Lactoferrin market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Function launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Function developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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