U.S. Lactoferrin Market Size & Outlook, 2023-2028
U.S. lactoferrin market, 2017-2028 (US$K)
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U.S. lactoferrin market highlights
- The U.S. lactoferrin market generated a revenue of USD 55,084.9 thousand in 2023 and is expected to reach USD 83,456.7 thousand by 2028.
- The U.S. 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.
Lactoferrin market data book summary
| Market revenue in 2023 | USD 55,084.9 thousand |
| Market revenue in 2028 | USD 83,456.7 thousand |
| Growth rate | 8.7% (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, U.S. accounted for 20.1% 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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U.S. 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 28.88% in 2023. Horizon Databook has segmented the U.S. 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.
U.S. is a mature market as far as whey protein is concerned. Thus, manufacturers of lactoferrin within North America are encouraged to increase their scale of operation owing to the abundant availability of raw materials.
As far as demand for lactoferrin is concerned, factors such as increasing consumer awareness, and increasing consumption of functional foods have been favouring market growth over the years.
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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 country-level data and insights on the U.S. lactoferrin market , including forecasts for subscribers. This country databook contains high-level insights into U.S. lactoferrin market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. lactoferrin market size, by function, 2017-2028 (US$K)
U.S. Lactoferrin Market Outlook Share, 2023 & 2028 (US$K)
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