Argentina Lactoferrin Market Size & Outlook, 2023-2028
Argentina lactoferrin market, 2017-2028 (US$K)
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Argentina lactoferrin market highlights
- The Argentina lactoferrin market generated a revenue of USD 4,117.0 thousand in 2023 and is expected to reach USD 6,080.3 thousand by 2028.
- The Argentina market is expected to grow at a CAGR of 8.1% from 2024 to 2028.
- In terms of segment, iron absorption was the largest revenue generating function in 2023.
- Intestinal Flora Protection is the most lucrative function segment registering the fastest growth during the forecast period.
Lactoferrin market data book summary
| Market revenue in 2023 | USD 4,117.0 thousand |
| Market revenue in 2028 | USD 6,080.3 thousand |
| Growth rate | 8.1% (CAGR from 2023 to 2028) |
| Largest segment | Iron absorption |
| Fastest growing segment | Intestinal Flora Protection |
| 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, Argentina accounted for 1.5% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 6,080.3 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 29.24% in 2023. Horizon Databook has segmented the Argentina 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.
Argentina is the second-largest emerging economy in Central and South America. Export-oriented industries such as pharmaceutical and food & beverages are expected to drive the demand for lactoferrin in the country.
The increasing infant population owing to decreased infant mortality rate is expected to drive the demand for lactoferrin in the country. Rising cases of COVID-19 in the country are expected to fuel the demand for functional foods, such as probiotics, which are expected to increase the demand for lactoferrin during the pandemic.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Argentina lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Argentina lactoferrin market size, by function, 2017-2028 (US$K)
Argentina Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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