India Lactoferrin Market Size & Outlook, 2023-2028
India lactoferrin market, 2017-2028 (US$K)
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India lactoferrin market highlights
- The India lactoferrin market generated a revenue of USD 14,940.4 thousand in 2023 and is expected to reach USD 22,190.3 thousand by 2028.
- The India market is expected to grow at a CAGR of 8.2% 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 14,940.4 thousand |
| Market revenue in 2028 | USD 22,190.3 thousand |
| Growth rate | 8.2% (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, India 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 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.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 29.85% in 2023. Horizon Databook has segmented the India 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.
Indian lactoferrin market is anticipated to witness reasonable growth over the forecast period owing to rapid growth, fast-paced lifestyle, aging population, rising health consciousness, among consumers, growing disposable income, and increasing middle class population.
Moreover, growing consumer awareness about disease prevention has been pushing the sales of lactoferrin-based products over the years. The rapidly expanding sports nutrition industry in the country is also expected to fuel the demand for the product in the coming years.
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into India lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India lactoferrin market size, by function, 2017-2028 (US$K)
India Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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