Lactoferrin market set to surpass €265 million by 2027 The global Lactoferrin market size is set to surpass €265 million (315 million USD) by 2027, thanks to its increasingly relevant links to infant nutrition, immune health, the microbiome, and skin health, according to Global Market Insights, Inc (GMI).
Lactoferrin is a part of the larger transferrin protein family and possesses excellent iron-binding properties which can be obtained from different sources including rice flour, human milk, and animal milk. There are three forms: apolactoferrin (iron-free), a monoferric form (containing one ferric ion), and hololactoferrin (containing two iron ions).
It performs the function of an antioxidant in different drug formulations used to cure bacterial and viral infections and is used to cure various disorders related to human digestive system.
Executive Summary
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of dairy ingredients market. The report analyses the Global Dairy Ingredients Market- By Source (Whey and Milk Based), By Production Method (Membrane Separation and Traditional Method), By Type (Milk Powders, Milk Proteins, Whey Ingredients, Casein and Caseinates, Lactose and Derivatives and Others) and By Application (Dairy Products, Bakery & Confectionery Products, Infant Milk Formula, Sports & Nutrition and Others). The global dairy ingredients market has been analyzed By Region (North America, Europe, Asia Pacific, and Others) and By Country (U.S, Canada, Germany, France, U.K., Japan, China, India) for the historical period of 2018-2019 and the forecast period of 2019-2024.
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The increasing consumption of convenience food, rise in health consciousness, and multifunctionality of dairy ingredients (leading to their wide applications) drive the growth of the dairy ingredients industry.
The report
“Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products), Livestock, Form, and Region – Global Forecast to 2025″, The global dairy ingredients market is estimated to be valued at USD 53.8 billion in 2019 and is projected to reach a value of USD 81.4 billion by 2025, growing at a CAGR of 7.1% during the forecast period. Rise in consumption of ready-to-eat and functional foods, complemented by the versatile application of dairy ingredients, and increased consumer awareness on healthy eating among consumers, have been driving the global dairy ingredients market.