North America Lactoferrin Market Size & Outlook, 2023-2028
North America lactoferrin market, 2017-2028 (US$K)
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North America lactoferrin market highlights
- The North America lactoferrin market generated a revenue of USD 63,877.8 thousand in 2023.
- The market is expected to grow at a CAGR of 8.7% 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, Canada is expected to register the highest CAGR from 2024 to 2028.
North America data book summary
| Market revenue in 2023 | USD 63,877.8 thousand |
| Market revenue in 2028 | USD 96,876.5 thousand |
| Growth rate | 8.7% (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, North America region accounted for 23.3% 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.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 28.91% in 2023. Horizon Databook has segmented the North America 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.
North America has a vast population facing lifestyle-related diseases such as digestive distress and rising obesity due to the high consumption of ready-to-eat & processed foods and other harmful dietary habits that are dangerous to human health.
This, in turn, has been creating the demand for lactoferrin in this region over the years as it is used in nutritional supplements to counter the health related. diseases. North America is one of the worst-hit regions in the world with the U.S having maximum cases until Sept2020.
The potential application of lactoferrin in the immunity-boosting of the consumers is expected to positively affect the demand in the region.
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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 continent-level data and insights on the North America lactoferrin market , including forecasts for subscribers. This continent databook contains high-level insights into North America lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America lactoferrin market size, by country, 2017-2028 (US$K)
North America Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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