Asia Pacific Lactoferrin Market Size & Outlook, 2023-2028
Asia Pacific lactoferrin market, 2017-2028 (US$K)
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Asia Pacific lactoferrin market highlights
- The Asia Pacific lactoferrin market generated a revenue of USD 115,095.9 thousand in 2023.
- The 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.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2028.
Asia Pacific data book summary
| Market revenue in 2023 | USD 115,095.9 thousand |
| Market revenue in 2028 | USD 169,840.4 thousand |
| Growth rate | 8.1% (CAGR from 2023 to 2028) |
| Largest segment | Iron absorption |
| Fastest growing segment | Intestinal Flora Protection |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 41.9% of the global lactoferrin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 94,359.7 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 29.71% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific market is anticipated to witness increasing demand for lactoferrin over the forecast period as key participants adopted strategies such as the introduction of their brands in untapped economies of South East Asian countries.
Countries such as Japan and Australia have experienced heightened awareness regarding the health benefits of lactoferrin over the years, which is expected to strengthen regional growth over the forecast period.
COVID 19 pandemic originated in China which later affected developing countries like India, the Philippines, and South Korea. The unavailability of a cure or vaccine for the infection in 2020 has triggered increased demand for immunity boosters in the APAC region.
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Asia Pacific lactoferrin market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific lactoferrin market size, by country, 2017-2028 (US$K)
Asia Pacific Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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