The Latin America, Middle East and Africa Lactoferrin Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027).
The surge in the usage of rice flour in the manufacturing of lactoferrin is due to its massive availability in this region. Rice is one of the most highly cultivated crops in various countries of this region. In addition, the simple manufacturing and processing of lactoferrin from rice flour for utilization in nutritional supplements increase its traction among the various sources utilized to create lactoferrin.
Production of lactoferrin from rice flour also eradicates the phase of purification before converting it into the desired end product, which is expected to be the ideal source for the production of lactoferrin. Hence, these factors are creating new growth avenues for the market.
Lactoferrin is highly utilized in infant formula products due to its capability to bolster the immune system of the infant by improving anti-inflammatory and anti-infective activities and better iron absorption in the gut of the infant. An upsurge in consumer awareness about the significance of infant health and nutrition along with the rising number of working women would create new growth avenues for lactoferrin in the global market.
The infant formula markers are constantly launching unique products with an aim to enhance the taste profile of infant formula products without the need to reduce their nutritive value, thereby propelling the growth of the global lactoferrin market. Moreover, the consumers prefer supermarkets and hypermarkets as a preferred medium to buy lactoferrin products in the last couple of years due to a broad variety of product segments available at one location. Thus, these factors are likely to augment the growth of the global lactoferrin market during the forecasting period.
The Brazil market dominated the LAMEA Antioxidant Market by Country in 2020, thereby, achieving a market value of $656.2 Thousands by 2027. The Argentina market would witness a CAGR of 10.1% during (2021 - 2027). Additionally, The Saudi Arabia market is expected to witness a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Lactoferrin Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Lactoferrin Market, by Function
1.4.2 LAMEA Lactoferrin Market, by Application
1.4.3 LAMEA 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. LAMEA Lactoferrin Market by Function
3.1 LAMEA Iron absorption Market by Country
3.2 LAMEA Intestinal flora protection Market by Country
3.3 LAMEA Immune cell stimulation Market by Country
3.4 LAMEA Antioxidant Market by Country
3.5 LAMEA Antibacterial Market by Country
3.6 LAMEA Animal Feed Market by Country
Chapter 4. LAMEA Lactoferrin Market by Application
4.1 LAMEA Pharmaceuticals Market by Country
4.2 LAMEA Food & Beverages Market by Country
4.3 LAMEA Personal Care Products Market by Country
4.4 LAMEA Infant Formula Market by Country
4.5 LAMEA Sports & Functional Foods Market by Country
4.6 LAMEA Animal Feed Market by Country
Chapter 5. LAMEA Lactoferrin Market by Country
5.1 Brazil Lactoferrin Market
5.1.1 Brazil Lactoferrin Market by Function
5.1.2 Brazil Lactoferrin Market by Application
5.2 Argentina Lactoferrin Market
5.2.1 Argentina Lactoferrin Market by Function
5.2.2 Argentina Lactoferrin Market by Application
5.3 UAE Lactoferrin Market
5.3.1 UAE Lactoferrin Market by Function
5.3.2 UAE Lactoferrin Market by Application
5.4 Saudi Arabia Lactoferrin Market
5.4.1 Saudi Arabia Lactoferrin Market by Function
5.4.2 Saudi Arabia Lactoferrin Market by Application
5.5 South Africa Lactoferrin Market
5.5.1 South Africa Lactoferrin Market by Function
5.5.2 South Africa Lactoferrin Market by Application
5.6 Nigeria Lactoferrin Market
5.6.1 Nigeria Lactoferrin Market by Function
5.6.2 Nigeria Lactoferrin Market by Application
5.7 Rest of LAMEA Lactoferrin Market
5.7.1 Rest of LAMEA Lactoferrin Market by Function
5.7.2 Rest of LAMEA 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 LAMEA Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 2 LAMEA Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 3 LAMEA Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 4 LAMEA Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 5 LAMEA Iron absorption Market by Country, 2017 - 2020, USD Thousands
TABLE 6 LAMEA Iron absorption Market by Country, 2021 - 2027, USD Thousands
TABLE 7 LAMEA Intestinal flora protection Market by Country, 2017 - 2020, USD Thousands
TABLE 8 LAMEA Intestinal flora protection Market by Country, 2021 - 2027, USD Thousands
TABLE 9 LAMEA Immune cell stimulation Market by Country, 2017 - 2020, USD Thousands
TABLE 10 LAMEA Immune cell stimulation Market by Country, 2021 - 2027, USD Thousands
TABLE 11 LAMEA Antioxidant Market by Country, 2017 - 2020, USD Thousands
TABLE 12 LAMEA Antioxidant Market by Country, 2021 - 2027, USD Thousands
TABLE 13 LAMEA Antibacterial Market by Country, 2017 - 2020, USD Thousands
TABLE 14 LAMEA Antibacterial Market by Country, 2021 - 2027, USD Thousands
TABLE 15 LAMEA Animal Feed Market by Country, 2017 - 2020, USD Thousands
TABLE 16 LAMEA Animal Feed Market by Country, 2021 - 2027, USD Thousands
TABLE 17 LAMEA Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 18 LAMEA Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 19 LAMEA Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 20 LAMEA Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 21 LAMEA Food & Beverages Market by Country, 2017 - 2020, USD Thousands
TABLE 22 LAMEA Food & Beverages Market by Country, 2021 - 2027, USD Thousands
TABLE 23 LAMEA Personal Care Products Market by Country, 2017 - 2020, USD Thousands
TABLE 24 LAMEA Personal Care Products Market by Country, 2021 - 2027, USD Thousands
TABLE 25 LAMEA Infant Formula Market by Country, 2017 - 2020, USD Thousands
TABLE 26 LAMEA Infant Formula Market by Country, 2021 - 2027, USD Thousands
TABLE 27 LAMEA Sports & Functional Foods Market by Country, 2017 - 2020, USD Thousands
TABLE 28 LAMEA Sports & Functional Foods Market by Country, 2021 - 2027, USD Thousands
TABLE 29 LAMEA Animal Feed Market by Country, 2017 - 2020, USD Thousands
TABLE 30 LAMEA Animal Feed Market by Country, 2021 - 2027, USD Thousands
TABLE 31 LAMEA Lactoferrin Market by Country, 2017 - 2020, USD Thousands
TABLE 32 LAMEA Lactoferrin Market by Country, 2021 - 2027, USD Thousands
TABLE 33 Brazil Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 34 Brazil Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 35 Brazil Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 36 Brazil Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 37 Brazil Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 38 Brazil Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 39 Argentina Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 40 Argentina Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 41 Argentina Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 42 Argentina Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 43 Argentina Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 44 Argentina Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 45 UAE Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 46 UAE Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 47 UAE Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 48 UAE Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 49 UAE Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 50 UAE Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 51 Saudi Arabia Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 52 Saudi Arabia Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 53 Saudi Arabia Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 54 Saudi Arabia Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 55 Saudi Arabia Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 56 Saudi Arabia Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 57 South Africa Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 58 South Africa Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 59 South Africa Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 60 South Africa Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 61 South Africa Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 62 South Africa Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 63 Nigeria Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 64 Nigeria Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 65 Nigeria Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 66 Nigeria Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 67 Nigeria Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 68 Nigeria Lactoferrin Market by Application, 2021 - 2027, USD Thousands
TABLE 69 Rest of LAMEA Lactoferrin Market, 2017 - 2020, USD Thousands
TABLE 70 Rest of LAMEA Lactoferrin Market, 2021 - 2027, USD Thousands
TABLE 71 Rest of LAMEA Lactoferrin Market by Function, 2017 - 2020, USD Thousands
TABLE 72 Rest of LAMEA Lactoferrin Market by Function, 2021 - 2027, USD Thousands
TABLE 73 Rest of LAMEA Lactoferrin Market by Application, 2017 - 2020, USD Thousands
TABLE 74 Rest of LAMEA 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