Global Lactoferrin Market to reach US$ 711.9 Million by the year 2033, at a CAGR of 4.7% | Future Market Insights, Inc.

NEWARK, Del: The global lactoferrin market is worth US$ 247 Million as of now and is expected to reach US$ 711.9 Million by the year 2033 at a CAGR of 4.7% between 2023 and 2033.

The American Academy of Dermatology states that acne is amongst the most prevalent skin conditions all across the US; thereby adversely affecting 40-50 Million people in the US every single year.

Numerous clinical trials have actually proven that lactoferrin is able to treat acne on an effective count. Plus, lactoferrin, owing to anti-inflammatory properties, does get away with pathogens by having neutralized their contributors.

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The WHO states that 42% of men and 50% of women experience acne in their twenties, 20% of men and 35% of women experience acne in their thirty’s, and 12% of men and 26% of women contracted acne in their forties, and 7% of men and 15% of women experienced acne in their fifties.

Regions like Canada, the US, and Germany are conducting extensive research stating that lactoferrin-induced acne treatment could drive revenue for the manufacturers of products over a period of time. It is a known fact that the personal care market is a multibillion-dollar vertical and is witnessing a paradigm shift from conventional stores to online and speciality stores.

Female consumers do prefer a cross-channel buying approach; wherein they pay a visit to online portals for understanding the product while buying from a brick-and-mortar retail outlet. Various consumer awareness campaigns are being undertaken by the brand owners with the objective of going organic with abysmal side effects and better efficiency.

Lactoferrin does heal wounds by stimulation of connective tissue with the epidermal cells by regeneration of skin. The soothing effect thus prevents forming larger cysts and zits. Clinical trials are also proving that lactoferrin could be used in an effective manner to prevent/treat gastrointestinal inflammatory cases. People are turning out to be more conscious regarding gut health as well. All these factors would keep the market for lactoferrin going in the years to come.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Lactoferrin Market’. Its team of analysts and consultants is there to execute its bottom-up approach in primary, secondary, and tertiary modes of research.

“With the realization of the fact that lactoferrin is believed to have anti-allergic, catalytic, anti-parasitic, anti-bacterial, and anti-viral functions, the global lactoferrin market is likely to grow on a remarkable note going forward”, says an analyst from Future Market Insights.

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Key Takeaways from Lactoferrin Market

• North America holds a significant market share with the US being subject to the presence of a number of supermarkets, hypermarkets, and incentives-oriented marketing systems incorporated by the brand owners.
• The Asia-Pacific holds the largest market share with Japan, China, and India being the flagbearers. This could be attributed to the increasing literacy rate leading to growing awareness regarding personal care, nutrition, and likewise.
• Europe is expected to grow on the back of the UK with nutrition being the top priority all across.

Competitive Analysis

• The year 2022 witnessed Junlebao Dairy Group launching a new-fangled infant formula abreast with a higher concentration of lactoferrin.
• GEA, in the year 2020, did create various technologies for processing and obtaining high-quality milk lactoferrin.
• Beston Global Food Company Ltd., in June 2021, did announce an expansion of its Australia-based Jervois dairy factory to produce close to 25 metric tons of 95% pure lactoferrin per year.
• Bega Cheese Limited, in November 2020, did announce plans of entering into a sale and purchase agreement with Lion Dairy & Drinks for acquiring its shares for strengthening brand presence in Australia by rendering expansion of product range.
• FrieslandCampina DOMO, in September 2020, announced initiating the expansion of lactoferrin production capacity to 70 MT in Veghel (The Netherlands) by the end of the year 2022 for catering to the higher demand for lactoferrin. The completion is nearing and expected to give desired quantity by the year 2023.

What does the Report say?

• The research study is based on form (powder and liquid), and by application (sports nutrition, infant formulas, clinical nutrition, veterinary nutrition, personal care, and food nutrition).
• With consumers turning out to be more conscious regarding general health and nutrition, the global lactoferrin market is bound to grow well in the forecast period.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy now to gain access to detailed information about each segment @ https://www.futuremarketinsights.com/checkout/11070

Key Segments

By Form:

• Powder
• Liquid

By Application:

• Sports Nutrition
• Infant Formulas
• Clinical Nutrition
• Veterinary Nutrition
• Personal Care
• Food Nutrition

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Table of Content

1. Executive Summary | Lactoferrin Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

Explore FMI’s related ongoing Coverage in Food and Beverage Domain

Lactose-Free Products Market Size: The global lactose-free products market size is valued at USD 9.2 Bn in 2022 and it is expected to reach US$ 15.8 Bn by 2032 at a CAGR of 7.1% from 2022 to 2032.

Lactose-Free Butter Market Share: The global lactose-free butter market is estimated to reach US$ 720 Million in 2022 and is projected to reach US$ 1,643 Million by 2032, at a CAGR of 8.6% from 2022 to 2032.

Infant Formula Ingredients Market Trends: The global infant formula ingredients market is expected to grow at a CAGR of 7.2%. The market value is projected to increase to US$ 32.8 Bn by 2032.

Nutritional Yeast Market Growth: Nutritional yeast market size exceeded USD 201.4 Mn in 2022 and is estimated to grow at over 14.0% CAGR between 2022 and 2032.

Infant Formula Market Demand: The global infant formula market is estimated to reach US$ 49.9 billion in 2023. It is likely to accelerate at a robust 8.5% CAGR from 2023 to 2033. This should propel the market’s value to a mammoth US$ 114.1 billion in 2033.

About Future Market Insights, Inc.

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