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PUne, India, May 24, 2021 (GLOBE NEWSWIRE) The
Global Lactoferrin Market Size was valued at USD 194.2 million in 2020 and is projected to grow at a CAGR of 6.9% during the forecast period till 2030.
Lactoferrin is a type of protein mainly found in cow and human milk. Colostrum, the first milk obtained after a baby is born, consists of high levels of lactoferrin, around seven times the amount found in milk produced later on. Lactoferrin is also found in liquids in the eye, intestine, nose, and others. People also use lactoferrin as a medicine.
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Increasing consumer awareness towards the adoption of healthy dietary practices is possible to raise the demand for superfood ingredients like lactoferrin in the upcoming years. Rising awareness about animal health and nutrition should additionally promote market development.
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Lactoferrin market set to surpass €265 million by 2027
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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.