The global lactoferrin market is expected to grow with a value CAGR of 4.9% over the forecast period (2018-2023).
Lactoferrin is an iron binding protein which is majorly found in milk. Lactoferrin is derived from the transferrin family and is a multifunctional protein. In the current market picture, lactoferrin is being used in wide variety of uses. Transferrin are glycoproteins and are known to have the ability to control the free iron content in the human body including tears, nasal secretions, milk and saliva. The multifunctional protein helps to separate the iron which is free in the body and eliminate any content which is responsible for stimulating bacterial activity. This family of protein also helps in inhibiting the bacterial growth by binding the lipopolysaccharides with bacterial cell walls and thus forming peroxides. This makes lactoferrin popular in healthcare sector exclusively responsible for prevention and curing of infectious diseases. This factor is expected to rocket the global lactoferrin market over the forecast period (2018-2023).
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Increasing Usage of Lactoferrin in Infant Formula to Drive Growth
Lactoferrin is one of the most valued additive in the infant milk formulae which is a major driver for global lactoferrin market over the forecast period. Bovine version of lactoferrin has been authorized for the inclusion in infant formulae all across the world and is being broadly used in the nutritional product preparations for infants. This is expected to drive the global lactoferrin market over the forecast period. Lactoferrin is one of the most prominent protein in breast milk and it has been extensively accepted that breastfeeding is the best food for newborns.
According to the recent researches, lactoferrin from human milk has been found to be responsible for the resistance of newborns to infections and other activities which are responsible for maintaining the adequate infant health. Rising number of working women across the globe has led to a decrease in infant health which is becoming one of the major factors encouraging the designing of infant formulae on the composition of human milk. The manufacturers of lactoferrin are making strategic efforts towards manufacturing infant formulas which are not only perceived as nutritional compounds but also similar functional effects than human milk.
Infant Formulae- The Fastest Growing Segment in Lactoferrin Market
With the demand of lactoferrin increasing from the infant formula industry, the infant formula is expected to be the largest segment over the forecast period (2018-2023). The multifunctional protein is the key component of human milk required for infants as they help in iron absorption and its transportation. Cow milk contains the multifunctional protein in minute quantities of 0.1 mg/mL, whereas infants require it in the quantities of 2-3 mg/mL. Commercially produced infant formula with lactoferrin content has high iron absorption, antibacterial, and antioxidation properties. This factor is projected to thrust the revenues of infant formula segment growth over coming years.
APAC to Register Significant Growth Rate over the Forecast Period in Lactoferrin Market
The awareness in the developing regions like Asia-Pacific is growing with a rising concern of maintaining their child health. This has led to an increased demand for infant formulae formulated using lactoferrin. The increasing number of nuclear families in the region has been constantly rising. There is also a considerable increase in the number of dual income families which has largely shifted the parents concerns to food which can assist in a healthy development of their children. The region is expected to register a highest CAGR over the forecast period (2018-2023).
Lactoferrin Market Key Developments
June 2016 – Fonterra officially opened its USD 11 million upgrade to its lactoferrin plant at its processing site at Hautapu, near Cambridge.
February 2016 – NutriScience Innovations rolled out its new spray dried lactoferrin to provide greater dissolvability for certain applications.
Lactoferrin Market Competitive landscape
Bega Bionutrients, Farbest Brands, Ferrin-Tech, LLC, Fonterra Co-operative Group, Glanbia plc, Ingredia Nutritional, InVitria, Kerry Inc., MP Biomedicals, LLC., Synlait Milk Ltd., Tatua, Tatura Milk Industries Ltd.
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