ANZ Lactoferrin Market Size & Outlook, 2023-2028
ANZ lactoferrin market, 2017-2028 (US$K)
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ANZ lactoferrin market highlights
- The ANZ lactoferrin market generated a revenue of USD 10,197.5 thousand in 2023 and is expected to reach USD 14,713.0 thousand by 2028.
- The ANZ market is expected to grow at a CAGR of 7.6% from 2024 to 2028.
- In terms of segment, iron absorption was the largest revenue generating function in 2023.
- Immune Cell Stimulation is the most lucrative function segment registering the fastest growth during the forecast period.
Lactoferrin market data book summary
| Market revenue in 2023 | USD 10,197.5 thousand |
| Market revenue in 2028 | USD 14,713.0 thousand |
| Growth rate | 7.6% (CAGR from 2023 to 2028) |
| Largest segment | Iron absorption |
| Fastest growing segment | Immune Cell Stimulation |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2028 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Iron Absorption, Antiinflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, Antioxidant |
| Key market players worldwide | Hilmar Cheese Company, Pharming Group, FrieslandCampina, Synlait Milk Ltd, Ingredion Inc, MP Biomedicals, Glanbia PLC, Fonterra Co-operative Group |
Other key industry trends
- In terms of revenue, ANZ accounted for 3.7% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,553.8 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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ANZ lactoferrin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lactoferrin market will help companies and investors design strategic landscapes.
Iron absorption was the largest segment with a revenue share of 29.41% in 2023. Horizon Databook has segmented the ANZ lactoferrin market based on iron absorption, antiinflammatory, intestinal flora protection, antibacterial, immune cell stimulation, antioxidant covering the revenue growth of each sub-segment from 2017 to 2028.
Australia and New Zealand are being considered lucrative markets for the export and distribution of lactoferrin. The lactoferrin market is characterized by the presence of key manufacturers and a sizable number of health-conscious consumers in Australia and New Zealand.
Product innovation is another key factor driving the demand for lactoferrin in the country with prominent market players rolling out products with enhanced immunity claims. According to the Australian Bureau of Statistics, the exports for whey protein milk powder to China tripled in March from February 2020.
The export volume is expected to remain high owing to the higher demand from China. Immunity boosting properties of the lactoferrin are responsible for the increased demand for lactoferrin-based products in China since the outbreak of the novel coronavirus which is expected to boost the growth of the lactoferrin market in Australia and New Zealand.
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Target buyers of ANZ lactoferrin market databook
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the ANZ lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into ANZ lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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ANZ lactoferrin market size, by function, 2017-2028 (US$K)
ANZ Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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