Mexico Lactoferrin Market Size & Outlook, 2023-2028
Mexico lactoferrin market, 2017-2028 (US$K)
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Mexico lactoferrin market highlights
- The Mexico lactoferrin market generated a revenue of USD 6,153.6 thousand in 2023 and is expected to reach USD 9,365.8 thousand by 2028.
- The Mexico market is expected to grow at a CAGR of 8.8% 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 6,153.6 thousand |
| Market revenue in 2028 | USD 9,365.8 thousand |
| Growth rate | 8.8% (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, Mexico accounted for 2.2% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,365.8 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 29.12% in 2023. Horizon Databook has segmented the Mexico 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.
Mexican lactoferrin market is primed for innovative products offering functional benefits to consumers. As is the case with consumers in the U.S. and Canada, Mexican consumers are becoming more knowledgeable about the health benefits of lactoferrin in various health supplements.
The prevalence of media advertising in the country has also influenced Mexican consumers into purchasing lactoferrin based supplements over the years. Supermarkets and hypermarkets remain to be the preferred channel for the distribution of lactoferrin in the country.
Manufacturers of these supplements in Mexico principally target the low or middle-income consumers across the country through direct selling. The drug stores & pharmacies segment has also witnessed significant growth over the years. Mexico is home to prominent pharmacy chains.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico lactoferrin market size, by function, 2017-2028 (US$K)
Mexico Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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