According to the research 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 Market Study Report, global lactoferrin industry attained a valuation of USD 514.13 million in 2020 and is expected to register an appreciable growth rate over 2021-2026.
 

As per the report findings, rising awareness among customers towards inclusion of healthy superfood ingredients in their diets is catalyzing global lactoferrin market growth. Moreover, numerous health benefits associated with health supplements will boost product demand in the industry.
 

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In terms of function, the industry is categorized into anti-inflammatory, iron absorption, and anti-bacterial. Among these, iron absorption segment is slated to grow significantly in the upcoming years owing to increasing demand for lactoferrin in treatment of anemia and other disorders caused by iron-deficiency as its exhibits iron-binding property.
 

Meanwhile, the anti-inflammatory segment is likely to accrue modest gains over the forecast timeframe. The ability of lactoferrin to improve immune system functioning and subsequently lower inflammatory reaction in human body is promoting the segmental expansion.
 

Considering distribution channel, global lactoferrin market is split into pharmacy/drug store, hypermarket/supermarket, and online retail. The demand from supermarket is higher as compared to its counterparts, however, shifting preference of consumers towards various online platforms due to increasing internet penetration and digitalization will enhance the growth of online retail segment.
 

From a geographical perspective, North America (United States, Canada), Europe (United Kingdom, Germany), Asia Pacific (China, Japan), and LAMEA are the key areas covered in the document. Of these, Asia Pacific is anticipated to be a major growth promoter for the industry owing to presence of large consumer base in line with inflating population. Moreover, strong reach of some key industry players are also supporting the market expansion in this region.
 

Speaking of the competitive landscape, Morinaga Milk Industry Co. Ltd., Glanbia plc, Beston Global Food Co., Synlait Milk, Royal FrieslandCampina N.V., and Bega Cheese Ltd. are the top contenders influencing the overall lactoferrin industry dynamics. Experts speculate that focus on improving production capacity, new product development, and partnerships will help businesses improve their market stance.