Lactoferrin is a globular glycoprotein of the transferrin family. Lactoferrin is used for treating stomach and intestinal ulcers, diarrhea, and hepatitis C. It is also used as an antioxidant and to protect against bacterial and viral infections. Lactoferrin is a naturally occurring protein that is found in milk and bodily fluids. It is a potent anti-microbial and modulator of the immune system.
The rising awareness regarding the importance of weight management among working professionals owing to hectic lifestyle and fluctuating dieting patterns is projected to boost the requirement for sports nutrition products. Lactoferrin promotes immune cell activation and proliferation, thereby modulating the immune system. It stimulates the production of cytokines, which are responsible for cell activation in the immune system. Global rise in inclination towards preventive healthcare coupled with rising disposable income and standard of living has benefitted the pharmaceutical demand in the recent past.
Lactoferrin Market Forecast Report (2018-2023)
Lactoferrin market size was around USD 96.29 million in 2018. It is expected to grow at a CAGR of 8.3% to reach USD 143.46 million by 2023.
The global Lactoferrin market can be categorized on the basis of function, application and region. Based on function, the market is segmented into Anti-inflammatory, Iron Absorption, Antibacterial, Intestinal Flora Protection, Antioxidant, Immune Cell Stimulation and others. Based on application, the market is categorized into Food and Beverages, Infant Formula, Sports and Functional Foods, Animal Feed, Pharmaceuticals and Personal care Products. Infant formula contributes the largest market share.
By geography, the global Lactoferrin market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, Asia Pacific accounts for the largest market share while Europe has the highest CAGR.
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