Germany Lactoferrin Market Size & Outlook, 2023-2028
Germany lactoferrin market, 2017-2028 (US$K)
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Germany lactoferrin market highlights
- The Germany lactoferrin market generated a revenue of USD 14,753.9 thousand in 2023 and is expected to reach USD 22,728.0 thousand by 2028.
- The Germany 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.
- Iron Absorption is the most lucrative function segment registering the fastest growth during the forecast period.
Lactoferrin market data book summary
| Market revenue in 2023 | USD 14,753.9 thousand |
| Market revenue in 2028 | USD 22,728.0 thousand |
| Growth rate | 9% (CAGR from 2023 to 2028) |
| Largest segment | Iron absorption |
| Fastest growing segment | Iron Absorption |
| 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, Germany accounted for 5.4% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Europe, Germany lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- France is the fastest growing regional market in Europe and is projected to reach USD 9,119.8 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 29.07% in 2023. Horizon Databook has segmented the Germany 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.
Increasing awareness regarding the digestive and other health benefits associated with the increasing demand for non-medical dietary supplements, rising geriatric population, digestive health supplements, technological advancements in processing & production of these products are some of the factors driven the demand for lactoferrin in France.
The rising prevalence of chronic diseases in France is expected to create a high leverage point for the introduction of a new generation of probiotic supplements in the near future, thereby contributing to the growth of the iron absorption segment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Germany lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Germany lactoferrin market size, by function, 2017-2028 (US$K)
Germany Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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