The Asia Pacific Lactoferrin Market is worth USD 55.94 million in 2024, and is expected to grow at a CAGR of 8.88%, to reach USD 110.48 million by 2032.
Lactoferrin is a globular glycoprotein of the transferrin family. It is commonly present in several fluid secretions of humans such as milk, tears, saliva and nasal secretions. Human colostrum, first milk produced from mammary glands after child birth has highest concentration of lactoferrin. Human milk and cow milk follows colostrum respectively in terms of concentration.
Lactoferrin can be extracted or separated from milk or by using recombinant DNA modification techniques. Lactoferrin is involved in several biological activities such as antimicrobial activity especially in children, stimulation of immune cells and iron absorption. It also aids in bone formation and increase in anti-inflammatory responses of the body. Infants benefit highly from lactoferrin.
The numerous health benefits offered by lactoferrin protein in adults as well as infants have increased the demand for lactoferrin products. Factors such as rising prevalence of bacterial and viral infections, its prominent role in immune responses such as anti-inflammation and its ability to absorb iron are expected to drive the market. Advanced techniques to extract lactoferrin from skimmed milk resulting in increased production are also expected to propel the market.
However, lack of awareness among people and high cost of products are inhibiting the market growth.
The iron absorption property of lactoferrin is very important and is very helpful in initial growth of infants and hence this segment holds the largest market.
Infant formula contributes the largest market share. It is due to the excessive use of lactoferrin in infant formula due to its antibacterial, iron absorbing and bone forming properties.
Asia Pacific leads the lactoferrin market due to the high birth rate resulting in high infant population in heavily populated countries such as India and China. This in turn increased the demand for infant formula.
Some of the major players in this region are Glanbia Nutritionals, Westland Co-Operative Dairy Co. Ltd. Fonterra Co-Operative Group Ltd., MP Biomedicals, Synlait Milk Ltd., Ingredia SA, Vitalus Nutrition Inc., ProHealth and Metagenics.
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