Canada Lactoferrin Market Size & Outlook, 2023-2028
Canada lactoferrin market, 2017-2028 (US$K)
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Canada lactoferrin market highlights
- The Canada lactoferrin market generated a revenue of USD 6,153.6 thousand in 2023 and is expected to reach USD 9,365.8 thousand by 2028.
- The Canada market is expected to grow at a CAGR of 8.8% 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 6,153.6 thousand |
| Market revenue in 2028 | USD 9,365.8 thousand |
| Growth rate | 8.8% (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, Canada accounted for 2.2% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,365.8 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 29.12% in 2023. Horizon Databook has segmented the Canada 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.
As is the case with other countries in North America, the demand for lactoferrin in Canada is driven by the increasing consumption of probiotics probiotic products. The rising popularity of probiotic products is attributable to the increasing consumption among female consumers, most notably millennials in the country.
Recent years have witnessed an increased application scope for probiotic supplements in the country with prominent market players looking to innovate their product offerings in the probiotics space. Such factors are likely to contribute to increased demand for lactoferrin in the near term.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Canada lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada lactoferrin market size, by function, 2017-2028 (US$K)
Canada Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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