Italy Lactoferrin Market Size & Outlook, 2023-2028
Italy lactoferrin market, 2017-2028 (US$K)
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Italy lactoferrin market highlights
- The Italy lactoferrin market generated a revenue of USD 4,953.2 thousand in 2023 and is expected to reach USD 7,615.9 thousand by 2028.
- The Italy 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.
Lactoferrin market data book summary
| Market revenue in 2023 | USD 4,953.2 thousand |
| Market revenue in 2028 | USD 7,615.9 thousand |
| Growth rate | 9% (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, Italy accounted for 1.8% 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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Italy 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 29.08% in 2023. Horizon Databook has segmented the Italy 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.
The increasing awareness about benefits of lactoferrin, such as regulation of iron metabolism and protection from viruses, bacteria, and fungi, along with the increasing demand for performance foods and beverages, such as milk-based products and protein supplements in the country, is expected to drive the demand for lactoferrin.
Italy is one of the worst hit countries in the European region by the COVID-19 pandemic. The health benefits of lactoferrin in boosting immunity to prevent respiratory diseases are expected to drive the demand.
Meanwhile, increasing awareness toward a healthy lifestyle and increased demand for lactoferrin as a breastmilk alternative owing to the risk of transmission of coronavirus from mother to child is expected to drive the market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Italy lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Italy lactoferrin market size, by function, 2017-2028 (US$K)
Italy Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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