Brazil Lactoferrin Market Size & Outlook, 2023-2028
Brazil lactoferrin market, 2017-2028 (US$K)
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Brazil lactoferrin market highlights
- The Brazil lactoferrin market generated a revenue of USD 6,712.5 thousand in 2023 and is expected to reach USD 9,832.1 thousand by 2028.
- The Brazil market is expected to grow at a CAGR of 7.9% 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 6,712.5 thousand |
| Market revenue in 2028 | USD 9,832.1 thousand |
| Growth rate | 7.9% (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, Brazil accounted for 2.4% 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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Brazil 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 29.1% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil has demonstrated a unique combination of rapid economic expansion along with strongly prodemocratic economic programs and social policies over the years. The milk protein industry has also remained robust in the country.
These factors have been contributing to the increasing demand for lactoferrin in the country. Brazil has ranked 3rd around the world in terms of several confirmed cases of the COVID 19 as of September 2020.
Increasing infection levels and the absence of a cure or vaccine as of the year 2020 is expected to increase the demand for food products which can help to build immunity against the viral infections such as COVID 19. Lactoferrin possesses antimicrobial and anti-inflammatory properties which can activate the immune system of individuals to prevent infections.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Brazil lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil lactoferrin market size, by function, 2017-2028 (US$K)
Brazil Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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