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 LLC, global lactoferrin market was valued at USD 514.13 million in 2020 and is expected to register momentous growth over the analysis timeframe 2021-2026.
 

Experts claim that numerous health benefits associated with supplements and rising consumer awareness towards inclusion of healthy superfood ingredients in their diet are catalyzing global lactoferrin market growth.
 

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With respect to function, the industry vertical is classified into anti-bacterial, anti-inflammatory, and iron absorption. Among them, the iron absorption segment is slated to register tremendous growth over the projected duration, owing to the iron-binding property of lactoferrin that imparts a bacteriostatic effect and hence makes it favorable for treating iron-deficient patients such as those with anemia.
 

The ant-inflammatory segment will also gain considerable traction, attributable to product ability to enhance functioning of the immune system cells and subsequently reduce inflammatory reactions in human body.
 

Speaking of distribution channel, global lactoferrin market sphere is fragmented into online retail, hypermarket/supermarkets, and pharmacy/drug store. Of these, the supermarket segment boasts of a larger product demand, however, surging internet penetration is augmenting product sales through online platforms.
 

As per expert verbatim, North America, Europe, Latin America and Middle East & Africa and Asia Pacific are major benefactors to the overall industry remuneration. Among these, Asia Pacific market is poised to showcase impressive growth trends over the stipulated duration, attributable to presence of major industry players, soaring birth rates across various Asian countries, and presence of a large consumer base in the region.
 

Apar from the aforementioned sub-markets, the business domain is also studied from various application segments, including supplements, infant formula, food, and pharmaceuticals.
 

Elaborating on the competitive landscape, major players impacting global lactoferrin industry dynamics are Bega Cheese Ltd., Morinaga Milk Industry Co., Ltd., Glanbia plc, Beston Global Food Co., Ltd., Synlait Milk, and Royal Friesland Campina N.V. These businesses are aligning their focus towards new additions to production capacity, geographic expansion, and new product development and launches to grab a larger industry share.