(Australia-NewsWire.Com, May 25, 2018 ) The Global Lactoferrin Market was worth USD 82.1 million in 2016, and is expected to grow at a CAGR of 8.3%, to reach USD 122.3 million by 2021. Lactoferrin is a globular glycoprotein of the transferrin family. It is commonly present in several fluid secretions of humans such as milk, tears, saliva and nasal secretions. Human colostrum, first milk produced from mammary glands after child birth has highest concentration of lactoferrin. Human milk and cow milk follows colostrum respectively in terms of concentration.
Lactoferrin can be extracted or separated from milk or by using recombinant DNA modification techniques. Lactoferrin is involved in several biological activities such as antimicrobial activity especially in children, stimulation of immune cells and iron absorption. It also aids in bone formation and increase in anti-inflammatory responses of the body. Infants benefit highly from lactoferrin.
The numerous health benefits offered by lactoferrin protein in adults as well as infants have increased the demand for lactoferrin products. Factors such as rising prevalence of bacterial and viral infections, its prominent role in immune responses such as anti-inflammation and its ability to absorb iron are expected to drive the market. Advanced techniques to extract lactoferrin from skimmed milk resulting in increased production are also expected to propel the market. However, lack of awareness among people and high cost of products are inhibiting the market growth.
The Lactoferrin Market is categorized based on the function, application, and region. Based on the function, the market is categorized into Anti-inflammatory, Iron Absorption, Antibacterial, Intestinal Flora Protection, Antioxidant, Immune Cell Stimulation and others. The iron absorption property of lactoferrin is very important and is very helpful in initial growth of infants and hence this segment holds the largest market. Based on application, the market is categorized into Food and Beverages, Infant Formula, Sports and Functional Foods, Animal Feed, Pharmaceuticals and Personal care Products. Infant formula contributes the largest market share. It is due to the excessive use of lactoferrin in infant formula due to its antibacterial, iron absorbing and bone forming properties.
Based on geography, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific leads the global lactoferrin market due to the high birth rate resulting in high infant population. This in turn increased the demand for infant formula. Europe is expected to be the fastest growing market segment due to the favorable regulations regarding the use of lactoferrin in several products.
Some of the major players in this region are Glanbia Nutritionals, Westland Co-Operative Dairy Co. Ltd. Fonterra Co-Operative Group Ltd., MP Biomedicals, Synlait Milk Ltd., Ingredia SA, Vitalus Nutrition Inc., ProHealth and Metagenics.
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