UAE Lactoferrin Market Size & Outlook, 2023-2028
UAE lactoferrin market, 2017-2028 (US$K)
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UAE lactoferrin market highlights
- The UAE lactoferrin market generated a revenue of USD 1,923.9 thousand in 2023 and is expected to reach USD 2,768.2 thousand by 2028.
- The UAE market is expected to grow at a CAGR of 7.5% 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 1,923.9 thousand |
| Market revenue in 2028 | USD 2,768.2 thousand |
| Growth rate | 7.5% (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, UAE accounted for 0.7% of the global lactoferrin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, UAE lactoferrin market is projected to lead the regional market in terms of revenue in 2028.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,768.2 thousand by 2028.
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Lactoferrin Market Scope
Lactoferrin Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 29.44% in 2023. Horizon Databook has segmented the UAE 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 high consumption of milk-based products is expected to drive the demand for lactoferrin in UAE over the forecast period. The consumption of these products is regarded as healthy by the typical consumer in UAE. In addition to this, the consumption of lactoferrin within the country is high owing to rapid expansion of the country’s economy and increasing tourist inflow.
After Saudi Arabia, UAE is the largest milk producer among the Gulf Cooperation Council (GCC) countries. Thus, the demand for lactoferrin within UAE is driven principally by increasing domestic production as regards milk and milkbased products.
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Target buyers of UAE lactoferrin market databook
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Our clientele includes a mix of lactoferrin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 UAE lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into UAE lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UAE lactoferrin market size, by function, 2017-2028 (US$K)
UAE Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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