Insights of Lactoferrin Market in Global Industry Development and Forecast to 2025
Lactoferrin (LF), also known as Lactotransferrin (LTF), is a multifunctional protein, which belongs to transferrin family. Lactoferrin helps in absorption and transfer of iron to the cells and subsequently controls free iron level in blood and secretary fluids. Naturally, lactoferrin is found in human and other mammal’s milk, blood plasma, neutrophils, and all exocrine secretion of mammals such as saliva, tear, bile, and pancreatic juice. Colostrum contains the highest concentration of lactoferrin, which is the part of breast milk that transfers immunity to newborns. Colostrum is the first breast milk a newborn receives immediately after birth and during the first few days of life. It is of utmost importance to the newborn babies since it contains antibodies to boost the undeveloped immune system and contains proteins such as lactoferrin that set up the digestive system for long-term health through innate immunity.
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Apart from the aforementioned benefits, lactoferrin acts as an antibacterial, antifungal, antiviral, and anticarcinogenic. Lactoferrin is widely used in the treatment of heart diseases, Alzheimer’s, and for maintaining healthy bones. Though lactoferrin is lesser known as a food supplement, it is popular among runners, cyclists, and triathletes. Demand for lactoferrin supplement is expected to grow globally during the forecast period due to its rising application mainly in the above said areas. Increasing incidences of health disorders, growing consumer awareness on maintaining a healthy lifestyle, government support, improved technology, and continuous research based on lactoferrin are the main key drivers expected to expand its market globally during the forecast period.
However, excessive intake of lactoferrin food supplements may cause adverse effects such as loss of appetite, constipation, skin rashes, and fatigue.
Iron absorption and nutrition segments are expected to contribute high shares in terms of volume and value, during the forecast period (2017-2025), followed by antibacterial and antioxidant segments. This is primarily due to increasing incidences of iron deficiency diseases and growing demand for functional nutrition food supplements.
Infant formula segment dominates in terms of volume followed by food & beverages and others. Due to iron binding, antifungal, and antibacterial properties, lactoferrin is extensively used in infant formula, which is expected to maintain the dominance of the segment during the forecast period (2017-2025) as well. Lactoferrin, being an effective antioxidant and anticarcinogenic, attracts manufacturers to invest more in the pharmaceutical sector, thereby elevating the share generated by pharmaceutical segment in the global market.
Global Lactoferrin Market Outlook
In terms of revenue, Asia Pacific region dominated the global lactoferrin market in 2016 and is expected to continue its dominance throughout the forecast period. In Asia Pacific, China and India, collectively, contribute significantly in lactoferrin market followed by Japan due to the high birth rate in these regions. European Food and Safety Authority (EFSA) has approved dietary food supplements based on lactoferrin as a consumable dietary food supplement, infant formula, and sports nutrition. Owing to this factor, Europe lactoferrin market is expected to witness significant growth during the forecast period. Increasing demand for sport and energy drinks in the U.S. is one of the main factors that will fuel the demand for lactoferrin health drinks across North America region.
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Key Players in Global Lactoferrin Market
Some of the key players in the global lactoferrin market are Fonterra Co-Operative Group Ltd., Glanbia Nutritionals, Synlait Milk Ltd., Vitalus Nutrition Inc., Metagenics, Inc., Ingredia SA, Agennix Inc., Morinaga Milk Industry Co. Ltd., Taradon Laboratory S.P.R.L, and Ventria Bioscience Inc. among others.
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