China Lactoferrin Market Size & Outlook, 2023-2028
China lactoferrin market, 2017-2028 (US$K)
Related Markets
China lactoferrin market highlights
- The China lactoferrin market generated a revenue of USD 59,504.6 thousand in 2023 and is expected to reach USD 89,336.1 thousand by 2028.
- The China market is expected to grow at a CAGR of 8.5% 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 59,504.6 thousand |
| Market revenue in 2028 | USD 89,336.1 thousand |
| Growth rate | 8.5% (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, China accounted for 21.7% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 29.5% in 2023. Horizon Databook has segmented the China 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.
Individuals in China have been increasingly focusing on their health for the past few years, which has boosted the demand for lactoferrin in the country. The rising demand for these supplements can also be attributed to the diverse flavor options available in terms of the grab-n-go variety.
The Chinese government has taken numerous initiatives in recent years to promote healthy food and lifestyle benefits and also aims to raise the nutrient intake among consumers. The government also intends to emphasize nutrient fortified food industry and the development of healthy foods in the near term.
Reasons to subscribe to China lactoferrin market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China lactoferrin market databook
-
Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into China lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
China lactoferrin market size, by function, 2017-2028 (US$K)
China Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
