Lactoferrin Market Size

Lactoferrin Market Size

Lactoferrin Market size is predicted to witness more than 7.2% CAGR between 2023 and 2032. Lactoferrin has gained significant attention in various industries due to its diverse range of health benefits and applications. With a growing demand for lactoferrin-based products worldwide, the product has become a vital component for functional foods, dietary supplements, pharmaceuticals, and cosmetics. Moreover, there is a surge in number of health issues like CVDs and other acute diseases which is pushing people toward the adoption of dietary supplements.

Lactoferrin Market Drivers and Restraints

There is rising prevalence of skin diseases and other dermatological issues among people across the globe. With the increasing consumer awareness regarding the health benefits of lactoferrin, such as its antimicrobial and immunomodulatory properties, the product demand will grow, adding to market value.  Despite the promising growth prospects, the market faces certain restraints. The high production cost associated with extracting lactoferrin from natural sources, such as bovine milk, poses a challenge in terms of affordability and scalability. Additionally, regulatory constraints and quality control issues in the production of lactoferrin-based products can hinder market growth.