Japan Lactoferrin Market Size & Outlook, 2023-2028
Japan lactoferrin market, 2017-2028 (US$K)
Related Markets
Japan lactoferrin market highlights
- The Japan lactoferrin market generated a revenue of USD 16,271.8 thousand in 2023 and is expected to reach USD 23,284.4 thousand by 2028.
- The Japan market is expected to grow at a CAGR of 7.4% 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 16,271.8 thousand |
| Market revenue in 2028 | USD 23,284.4 thousand |
| Growth rate | 7.4% (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, Japan accounted for 5.9% 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 |
|---|
Japan 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 30.52% in 2023. Horizon Databook has segmented the Japan 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 Japan lactoferrin market is driven by the increasing consumption in the sports industry. The growing number of fitness clubs across the country has been contributing to the increasing demand for lactoferrin-based health supplements.
At a macro level, various factors have been contributing to the growth of Japan lactoferrin market. Prominent among them are increasing healthcare costs, increasing cases of mal-digestion, and increasing geriatric population.
Manufacturers of lactoferrin in Japan, however, are expected to be challenged by the relatively high price of milk over the forecast period, thereby making it difficult to remain competitive in the international market.
Reasons to subscribe to Japan 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 Japan 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 Japan lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Japan lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Japan lactoferrin market size, by function, 2017-2028 (US$K)
Japan 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
