Spain Lactoferrin Market Size & Outlook, 2023-2028
Spain lactoferrin market, 2017-2028 (US$K)
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Spain lactoferrin market highlights
- The Spain lactoferrin market generated a revenue of USD 4,444.4 thousand in 2023 and is expected to reach USD 6,693.4 thousand by 2028.
- The Spain market is expected to grow at a CAGR of 8.5% 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 4,444.4 thousand |
| Market revenue in 2028 | USD 6,693.4 thousand |
| Growth rate | 8.5% (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, Spain accounted for 1.6% 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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Spain 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 29.1% in 2023. Horizon Databook has segmented the Spain 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.
Rising demand for food supplements and increasing awareness about the health benefits of lactoferrin is expected to fuel the product demand in the country. Increased demand for infant milk substitutes by working mothers is also expected to drive the demand for lactoferrin.
Spain was one of the most adversely affected countries in the European region by the COVID-19 pandemic. The health benefits offered by lactoferrin, such as protection against respiratory infections along with its antimicrobial and anti-inflammatory properties are driving the product demand in the country.
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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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 Spain lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into Spain lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Spain lactoferrin market size, by function, 2017-2028 (US$K)
Spain Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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