According to the business intelligence report titled ‘Lactoferrin Market Size By Product (Apolactoferrin, Hololactoferrin), By Form, By Function (Iron Absorption, Anti-Inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidants), By Application Industry Analysis Report, Country Outlook Application Development, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global lactoferrin market is anticipated to record significant expansion between 2021-2027.
 

Rising number of physical training institutes and gyms, health benefits of product, and growing utilization in various industries like pharmaceuticals, food & beverage, and infant formula are key factors spurring global lactoferrin market expansion. 
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3692113/
 

For the record, lactoferrin is a type of protein found in large amount in colostrum, the breast milk produced by a mother for the first time after a baby’s birth. It is also found in cow milk and various other fluids of the human body such as mucus, bile, saliva, and tears.
 

Speaking of restraints, rising efforts by governments to promote breastfeeding and high product cost are poised to hinder the industry growth over the analysis timeframe.
 

Rice flour, animal milk, and human milk are the market segments based on source. The animal milk segment is sub-divided into porcine milk, ovine milk, bovine milk, caprine milk, and others. Among these, ovine animal milk segment is projected to record 4.3% CAGR between 2021-2027. Meanwhile, porcine animal milk segment is anticipated to amass USD 4 million by 2027.
 

As per function, worldwide lactoferrin industry is segmented into iron absorption, intestinal flora protection, anti-inflammatory, antibacterial, antioxidants, and immune cell stimulation. The intestinal flora protection segment garnered USD 20 million in 2020 and is anticipated to grow at 6.9% CAGR over the analysis timeframe.
 

Moving on to application scope, global lactoferrin market share from animal feed segment was worth USD 8.4 million in 2020 and is poised to record a y-o-y growth rate of 5.4% through 2027.
 

Elaborating on distribution channel, the drugstore segment is reckoned to grow with a CAGR of 5% over the analysis period.
 

From regional frame of reference, Latin America lactoferrin market accrued USD 12.5 million in 2020 and is projected to proliferate at 5.7% CAGR over the study period. Meanwhile, Middle East & Africa industry is predicted to amass USD 11.5 million by 2027.
 

Key players profiled in the report are Pharming Group NV, Metagenics Inc., Synlait Milk Limited, Ferrin-Tech LLC, Invitra Technologies Private Limited, Fonterra Co-operative Group Limited, MP Biomedicals LLC, Advanced Protein Systems LLC, Westland Co-op. Dairy Co. Ltd, MILEI GmbH, Glanbia plc, Bega Cheese Limited, ND Pharma & Biotech Company, Hoogwegt Group B.V., Royal FrieslandCampina N.V., and Warrnambool Cheese & Butter Factory Company.