Middle East & Africa Lactoferrin Market Size & Outlook
Middle East & Africa lactoferrin market, 2017-2028 (US$K)
Related Markets
MEA lactoferrin market highlights
- The MEA lactoferrin market generated a revenue of USD 13,266.1 thousand in 2023.
- The market is expected to grow at a CAGR of 7.9% 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, UAE is expected to register the highest CAGR from 2024 to 2028.
MEA data book summary
| Market revenue in 2023 | USD 13,266.1 thousand |
| Market revenue in 2028 | USD 19,394.7 thousand |
| Growth rate | 7.9% (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, MEA region accounted for 4.8% 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.
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 |
|---|
Middle East & Africa 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 29.16% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Expanding health markets in MEA have prompted the growth in lactoferrin market. This market is principally driven by rising disposable incomes and increasing awareness among consumers regarding the health benefits of lactoferrin as an ingredient in various health supplements.
Various factors including slowing demand for dairy products in Asian markets, most notably China; and the presence of entry barriers in Russia have been encouraging manufacturers of dairy products to expand their operations in Middle East & Africa. Such factors are likely to contribute to absolute value growth as regards the Middle East & Africa lactoferrin market over the forecast period.
Reasons to subscribe to Middle East & Africa 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 Middle East & Africa 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 continent-level data and insights on the Middle East & Africa lactoferrin market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
MEA lactoferrin market size, by country, 2017-2028 (US$K)
Middle East & Africa 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
