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Lactoferrin Market Trends

Report ID: GMI5014
Published Date: Sep 2023
Report Format: PDF

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Lactoferrin Market Trends

One significant trend in the global lactoferrin market is the increasing adoption of lactoferrin in cosmetic and skincare products, driven by its anti-inflammatory and antioxidant properties. This trend aligns with the growing consumer preference for natural and sustainable ingredients in personal care products. The development of innovative delivery systems, such as nanotechnology-based formulations, is enhancing the bioavailability and efficacy of lactoferrin, expanding its applications across various industries. Furthermore, there is a rising trend towards lactoferrin fortification in a wide range of food and beverage products, including dairy products, functional beverages, and cereals, to cater to health-conscious consumers.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of lactoferrin is predicted to witness more than 7.2% CAGR from 2023 to 2032, due to its diverse range of health benefits and applications.

The infant formula application segment is anticipated to witness significant growth through 2032, as lactoferrin is being incorporated into infant formula products to mimic the benefits of breast milk.

Asia Pacific lactoferrin industry is expected to observe over 7.7% CAGR from 2023 to 2032, backed by the increasing disposable income, growing awareness of health and wellness, and a booming pharmaceutical and nutraceutical industry.

Westland Cooperative Dairy Co., Ltd., Pharming Group NV, APS BioGroup, Glanbia plc, Synlait Milk Ltd., MP Biomedicals, Warrnambool Cheese and Butter Company, Bega Cheese Limited, Metagenics, Inc., Ferrin-Tech LLC, ND Pharma & Biotech Ltd., and Fonterra Cooperative Group Ltd. among others.