According to the industry assessment report titled ‘Global Lactoferrin Market - Analysis By Application, Function, Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global lactoferrin market was worth USD 514.13 million in 2021 and is expected to witness a robust growth rate through 2026.

Increasing consumer inclination to adopt healthy & nutritious dietary ingredients, and awareness regarding the benefits of lactoferrin are anticipated to foster the growth of global lactoferrin market during the forecast period.

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For the unversed, lactoferrin is a kind of protein found in milk and other bodily fluids that aids in the regulation of iron absorption in the body, while also protecting humans from a variety of viruses, bacteria, fungi, and other infections.

Apart from growth drivers, the research literature also elucidates imminent challenges that may threaten the growth trajectory of the market in the forthcoming years, thereby allowing stakeholders to enjoy a competitive edge and make informed decisions to
minimize their losses and unearth new opportunities.

Moving on, worldwide lactoferrin business sphere is fragmented on the basis of function, application spectrum, distribution channel, and regional terrain.

Based on function, the iron absorption segment is likely to generate a robust valuation during the analysis timeframe, creditable to the iron-binding property of lactoferrin that aids in the treatment of anemia and other ailments caused due to iron deficiency. It also facilitates improved immune cell function thus reducing inflammatory reactions.  

Speaking of the distribution channel, the hypermarkets/supermarkets vertical is estimated to gain traction through 2026, owing to increase in purchase of lactoferrin from supermarkets.

From a regional frame of reference, Asia Pacific market is anticipated to showcase lucrative growth during the study period, primarily attributable to growing consumer base, mounting number of births, and the pervasiveness of major industry players in the region.

The competitive framework of the global lactoferrin marketplace is influenced by key players such as Kalbe-Morinaga Milk Industry Co., Ltd., Glanbia plc, Beston Global Food Company Ltd., Synlait Milk, Royal FrieslandCampina N.V., and Bega Cheese Ltd. among others.