Europe Lactoferrin Market Size & Outlook, 2023-2028
Europe lactoferrin market, 2017-2028 (US$K)
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Europe lactoferrin market highlights
- The Europe lactoferrin market generated a revenue of USD 61,216.7 thousand in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2028.
Europe data book summary
| Market revenue in 2023 | USD 61,216.7 thousand |
| Market revenue in 2028 | USD 94,359.7 thousand |
| Growth rate | 9% (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, Europe region accounted for 22.3% 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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Europe 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 Europe 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.
Growing technological innovation in the dairy ingredients sector offers new opportunities in the European region for the production of lactoferrin. The Federation of European Nutrition Societies (FENS) funds and invests in various nutritional foods businesses.
The federation operates and nurtures the growth of such business in 26 countries in the region. The European Society for Clinical Nutrition and Metabolism (ESPEN) governs and grants for business in the nutrition sector, and also accolades the best performing organizations in the industry.
Such initiatives have encouraged the participants to come up with highly beneficial and new innovative products, henceforth, boosting the regional industry growth. Countries like Germany, France, and Spain Italy are largely affected by the spread of novel coronavirus.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe lactoferrin market , including forecasts for subscribers. This continent databook contains high-level insights into Europe lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Europe lactoferrin market size, by country, 2017-2028 (US$K)
Europe Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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