The Asia Pacific Lactoferrin Market would witness market growth of 8.63% CAGR during the forecast period (2021-2027).
Lactoferrin has anti-inflammatory effects that may be effective in the pathophysiology of cases regarding COVID-19. The demand for immunity boosters is propelled by the unavailability of a vaccine or cure for the novel coronavirus in 2020. Preventive steps for the COVID-19 infection have achieved massive traction around the globe, leading to higher demand for products based on lactoferrin in 2020.
The demand for lactoferrin-based infant formula products suffered massive demand, particularly in the APAC region after the COVID-19 outbreak. This demand was further boosted by the increase in the adoption of such products because of their anti-viral properties. For example, Jatenergy Ltd., a company based in Australia, had reported a surge in the sales in dairy-based infant nutrition products that have lactoferrin as an integral ingredient. The sales declined in the second quarter of the year, though, was high as compared to the sales of the last year.
Unlike other regions, Asia-Pacific is home to many medium and small-sized enterprises. In addition, the growth of the regional market would be propelled by the rise in literacy rate and increase in consumer awareness about infant nutrition, pharmaceutical and personal care with preferences of consumers are toward organic products.
The demand for lactoferrin is majorly due to the increasing birth rate among the population, surge in the purchasing power of the individuals, and surging awareness about infant health and nutrition since the last couple of years. Considering the trend of the regional market, many global players are entering into the region to increase their presence and market share. The demand for lactoferrin-based infant formula products suffered massive demand, particularly in the APAC region after the COVID-19 outbreak. This demand was further boosted by the increase in the adoption of such products because of their anti-viral properties.
Furthermore, the increase in consumer awareness about the significance of maintaining healthy glowing skin is expected to boost the demand for the product from the cosmetics & personal care sector, hence augmenting the growth of the regional lactoferrin market. Thus, these aspects are set to boost the growth of the regional lactoferrin market during the forecast period.
The China market dominated the Asia Pacific Sports & Functional Foods Market by Country in 2020, thereby, achieving a market value of $6,799.6 Thousands by 2027. The India market is exhibiting a CAGR of 10.1% during (2021 - 2027). Additionally, The Australia market is poised to grow at a CAGR of 9.6% during (2021 - 2027).
Based on Function, the market is segmented into Iron absorption, Intestinal flora protection, Immune cell stimulation, Antioxidant, Antibacterial and Anti-inflammatory. Based on Application, the market is segmented into Pharmaceuticals, Food & Beverages, Personal Care Products, Infant Formula, Sports & Functional Foods and Animal Feed. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Lactoferrin Market is Projected to reach USD 408 Million by 2027, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Royal FrieslandCampina N.V., Glanbia PLC, Fonterra Co-operative Group Limited, Moringa Milk Industry Co., Ltd., Ventria Bioscience, Inc. (InVitria), Farbest Brands, Bega Cheese Ltd (Tatura Milk Industries Ltd.), MP Biomedicals LLC (Valiant Co., Ltd.), Synlait Milk Limited, and Pharming Group NV.
Scope of the Study
Market Segments Covered in the Report:
By Function
- Iron absorption
- Intestinal flora protection
- Immune cell stimulation
- Antioxidant
- Antibacterial
- Anti-inflammatory
By Application
- Pharmaceuticals
- Food & Beverages
- Personal Care Products
- Infant Formula
- Sports & Functional Foods
- Animal Feed
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Royal FrieslandCampina N.V.
- Glanbia PLC
- Fonterra Co-operative Group Limited
- Moringa Milk Industry Co., Ltd.
- Ventria Bioscience, Inc. (InVitria)
- Farbest Brands
- Bega Cheese Ltd (Tatura Milk Industries Ltd.)
- MP Biomedicals LLC (Valiant Co., Ltd.)
- Synlait Milk Limited
- Pharming Group NV
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Lactoferrin Market, by Function
1.4.2 Asia Pacific Lactoferrin Market, by Application
1.4.3 Asia Pacific Lactoferrin Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Lactoferrin Market by Function
3.1 Asia Pacific Iron absorption Market by Country
3.2 Asia Pacific Intestinal flora protection Market by Country
3.3 Asia Pacific Immune cell stimulation Market by Country
3.4 Asia Pacific Antioxidant Market by Country
3.5 Asia Pacific Antibacterial Market by Country
3.6 Asia Pacific Animal Feed Market by Country
Chapter 4. Asia Pacific Lactoferrin Market by Application
4.1 Asia Pacific Pharmaceuticals Market by Country
4.2 Asia Pacific Food & Beverages Market by Country
4.3 Asia Pacific Personal Care Products Market by Country
4.4 Asia Pacific Infant Formula Market by Country
4.5 Asia Pacific Sports & Functional Foods Market by Country
4.6 Asia Pacific Animal Feed Market by Country
Chapter 5. Asia Pacific Lactoferrin Market by Country
5.1 China Lactoferrin Market
5.1.1 China Lactoferrin Market by Function
5.1.2 China Lactoferrin Market by Application
5.2 India Lactoferrin Market
5.2.1 India Lactoferrin Market by Function
5.2.2 India Lactoferrin Market by Application
5.3 Japan Lactoferrin Market
5.3.1 Japan Lactoferrin Market by Function
5.3.2 Japan Lactoferrin Market by Application
5.4 Australia Lactoferrin Market
5.4.1 Australia Lactoferrin Market by Function
5.4.2 Australia Lactoferrin Market by Application
5.5 South Korea Lactoferrin Market
5.5.1 South Korea Lactoferrin Market by Function
5.5.2 South Korea Lactoferrin Market by Application
5.6 Singapore Lactoferrin Market
5.6.1 Singapore Lactoferrin Market by Function
5.6.2 Singapore Lactoferrin Market by Application
5.7 Rest of Asia Pacific Lactoferrin Market
5.7.1 Rest of Asia Pacific Lactoferrin Market by Function
5.7.2 Rest of Asia Pacific Lactoferrin Market by Application
Chapter 6. Company Profiles
6.1 Royal FrieslandCampina N.V.
6.1.1 Company Overview
6.1.1 Financial Analysis
6.1.2 Segmental and Regional Analysis
6.1.3 Research & Development Expense
6.1.4 Recent strategies and developments:
6.1.4.1 Partnerships, Collaborations, and Agreements:
6.1.4.2 Product Launches and Product Expansions:
6.2 Glanbia PLC
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.3.3 Segmental and Regional Analysis
6.4 Moringa Milk Industry Co., Ltd.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental Analysis
6.4.4 Research & Development Expenses
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.4.5.2 Geographical Expansions:
6.5 Ventria Bioscience, Inc. (InVitria)
6.5.1 Company Overview
6.6 Farbest Brands
6.6.1 Company Overview
6.7 Bega Cheese Ltd (Tatura Milk Industries Ltd.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Product Launches and Product Expansions:
6.7.4.2 Geographical Expansions:
6.8 MP Biomedicals LLC (Valiant Co., Ltd.)
6.8.1 Company Overview
6.9 Synlait Milk Limited
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Regional Analysis
6.9.4 Recent strategies and developments:
6.9.4.1 Partnerships, Collaborations, and Agreements:
6.9.4.2 Geographical Expansions:
6.10. Pharming Group NV
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses
TABLE 1 Asia Pacific Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 2 Asia Pacific Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 3 Asia Pacific Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 4 Asia Pacific Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 5 Asia Pacific Iron absorption Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Asia Pacific Iron absorption Market by Country, 2021 - 2027, USD Thousands
TABLE 7 Asia Pacific Intestinal flora protection Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Asia Pacific Intestinal flora protection Market by Country, 2021 - 2027, USD Thousands
TABLE 9 Asia Pacific Immune cell stimulation Market by Country, 2017 - 2020, USD Thousands
TABLE 10 Asia Pacific Immune cell stimulation Market by Country, 2021 - 2027, USD Thousands
TABLE 11 Asia Pacific Antioxidant Market by Country, 2017 - 2020, USD Thousands
TABLE 12 Asia Pacific Antioxidant Market by Country, 2021 - 2027, USD Thousands
TABLE 13 Asia Pacific Antibacterial Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Asia Pacific Antibacterial Market by Country, 2021 - 2027, USD Thousands
TABLE 15 Asia Pacific Animal Feed Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Asia Pacific Animal Feed Market by Country, 2021 - 2027, USD Thousands
TABLE 17 Asia Pacific Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 18 Asia Pacific Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 19 Asia Pacific Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 20 Asia Pacific Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 21 Asia Pacific Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 22 Asia Pacific Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 23 Asia Pacific Personal Care Products Market by Country, 2017 - 2020, USD Thousands
TABLE 24 Asia Pacific Personal Care Products Market by Country, 2021 - 2027, USD Thousands
TABLE 25 Asia Pacific Infant Formula Market by Country, 2017 - 2020, USD Thousands
TABLE 26 Asia Pacific Infant Formula Market by Country, 2021 - 2027, USD Thousands
TABLE 27 Asia Pacific Sports & Functional Foods Market by Country, 2017 - 2020, USD Thousands
TABLE 28 Asia Pacific Sports & Functional Foods Market by Country, 2021 - 2027, USD Thousands
TABLE 29 Asia Pacific Animal Feed Market by Country, 2017 - 2020, USD Thousands
TABLE 30 Asia Pacific Animal Feed Market by Country, 2021 - 2027, USD Thousands
TABLE 31 Asia Pacific Lactoferrin Market by Country, 2017 - 2020, USD Thousands
TABLE 32 Asia Pacific Lactoferrin Market by Country, 2021 - 2027, USD Thousands
TABLE 33 China Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 34 China Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 35 China Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 36 China Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 37 China Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 38 China Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 39 India Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 40 India Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 41 India Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 42 India Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 43 India Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 44 India Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 45 Japan Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 46 Japan Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 47 Japan Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 48 Japan Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 49 Japan Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 50 Japan Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 51 Australia Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 52 Australia Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 53 Australia Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 54 Australia Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 55 Australia Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 56 Australia Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 57 South Korea Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 58 South Korea Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 59 South Korea Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 60 South Korea Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 61 South Korea Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 62 South Korea Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 63 Singapore Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 64 Singapore Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 65 Singapore Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 66 Singapore Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 67 Singapore Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 68 Singapore Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 69 Rest of Asia Pacific Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 70 Rest of Asia Pacific Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 71 Rest of Asia Pacific Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 72 Rest of Asia Pacific Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 73 Rest of Asia Pacific Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 74 Rest of Asia Pacific Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 75 Key Information – Royal Frieslandcampina N.V.
TABLE 76 Key Information – Glanbia PLC
TABLE 78 Key Information – MORINAGA MILK INDUSTRY CO., LTD.
TABLE 79 Key Information – Ventria Bioscience Inc.
TABLE 80 Key Information – Farbest Brands
TABLE 81 Key Information – Bega Cheese Ltd.
TABLE 82 Key Information – MP Biomedicals LLC
TABLE 83 Key Information – Synlait Milk Limited
TABLE 84 Key Information – Pharming Group NV
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Royal FrieslandCampina N.V.
FIG 3 Recent strategies and developments: MORINAGA MILK INDUSTRY CO., LTD.
FIG 4 Recent strategies and developments: Bega Cheese Ltd.
FIG 5 Recent strategies and developments: Synlait Milk Limited