FELTON, California, March 12, 2019
FELTON, California, March 12, 2019 /PRNewswire/ -- The global Lactoferrin Market is anticipated to cross USD 167.9 Million by 2025 and is also expected to register a healthy CAGR during the forecast period. Lactoferrin is an iron binding found in milk. It comprises a single-chain polypeptide with dual globular lobes, particularly resilient to proteolysis. Lactoferrin is a growth factor acting as a bactericidal agent apart from being an iron-binding protein.
Lactoferrin market is driven by factors such as increasing incidences of skin disorders, technological enhancements, and constant R&D. Lactoferrin is used as a medical application in cases of health disorders with an extensive support by the government for research and development. In addition, the market growth is supported with rise in geriatric population needing medical care & attention and several enhancements in medical science. However, cheap substitutes in the form of generics are likely to affect the market growth in the forecast period.
Lactoferrin market is segmented into iron absorption, anti-inflammatory, intestinal flora protection, immune and cell stimulation and antioxidant, based on function. By Application, the market segmentation includes infant formula, food & beverages, sports and functional foods, personal care, pharmaceuticals and animal feed.
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Geographical segmentation for lactoferrin industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions dominate the market growth in the forecast period owing to increase in birth rate in these regions. Apart, lactoferrin finds extensive use in treatment of heart diseases and other skin related problems.
North American and European markets are likely to gain a significant growth owing to preferred and relevant use by sportspeople and fitness enthusiasts. Apart, rise in health disorders, increase in consumer awareness and technological advances are likely to trigger the market growth in the forecast period. The key players in the lactoferrin market include Metagenics, Pharming Group N.V., Ingredia S.A., MP Biomedicals, Vitalus Nutrition Inc, Glanbia Nutritionals, Prohealth, Farbest Brands and Fonterra Co-operative Group Ltd.
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