Lactoferrin Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Global lactoferrin market is anticipated to be driven on account of increasing fortification in functional food products. Growing application of lactoferrin as an additive in food & beverage industry on account of providing anti-allergic and digestion stimulation is expected to favourably impact the market. Rising importance of bone and muscle growth stimulants in sports nutrition products is anticipated to result in promoting lactoferrin market growth in the near future. Increasing fortification of lactoferrin in infant formula on account of stimulating growth is foreseen to have a positive impact on the market. In May 2012, European Food Safety Authority deemed the application of lactoferrin safe to use in food products. This regulatory move is expected to result in increasing lactoferrin market demand in food & beverage industry over the forecast period.

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Growing application of lactoferrin in pharmaceuticals industry on account of excellent antibacterial and antiviral properties is expected to favourably impact the market over the forecast period. Increasing R&D expenditure of lactoferrin in cancer medication on account of showing promising results in mouth, lung and liver cancer treatment is anticipated to open new avenues for the market in the near future. Growing application of lactoferrin owing to its blood sugar regulation property is foreseen to have a positive impact on the market. Technological improvement for the treatment of osteoporosis, alzheimer’s and cardiovascular disorders is hence expected to augment lactoferrin market growth over the next seven years.

Rising R&D expenditure for the deployment of nanotechnology aimed at use in pharmaceuticals industry is expected to have a positive impact on the market in the near future. Lactoferrin market is expected to witness growth in personal care industry on account of exhibiting antioxidant and antibacterial properties to manufacture products such as anti-aging skin creams and hair conditioning creams. Key players in the lactoferrin market include Fonterra, Ventrua Bioscience, Pharming, Synlait Milk Limited and Metagenics. In August 2014, Bill and Melinda Gates Foundation funded a research by the University of Sydney to use lactoferrin in treating iron deficiency anaemia during pregnancy. In March 2015, Nestle filed a patent for whey based lactoferrin aimed at stimulating brain maturation, improving memory and learning speed in children.

Lactoferrin Market

Information Source: Grand View Research

Probiotics Market Size – Expected To Record About 6 Percent CAGR In The Near Future

The worldwide probiotics market is driven, primarily by high requirement for probiotic yogurt and increasing consumption of useful food. Augmented consciousness about gut health among people is also anticipated to drive the demand for this market. With gigantic prospects and rising client penchants, the market is predicted to undergo rapid expansion in the coming years.

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Probiotics are a kind of living bacteria that are responsible for maintaining good health in human beings. They are a form of good bacteria that are helpful in maintaining healthy gut. The probiotics market was predicted at nearly USD 23 billion in 2012. It is likely to grow through the projected phase, at about 6 percent CAGR. The said phase continues till 2018 from 2013.

The probiotics market is segmented on the basis of ingredients, geographical regions, applications and products. By ingredients, the market is divided into bacteria and yeasts. On the basis of geographical regions, the market is segmented into Asia Pacific, Europe, North America and rest of the world. By applications, the probiotics market is segmented into feed and food.

On the basis of products, the market is fragmented on the basis of dietary complements, functional food and beverages, animal feed and specialty nutrients. However, the probiotics market is still evolving. Imperative research and development activities are being carried out with respect to developing new products for innovative usage on a commercial basis.

Still, there are few doubts that linger in the minds of researchers regarding the advantages of probiotic supplements. This causes a hindrance in the further development of the probiotics market. Less consciousness regarding the usage of probiotics is also likely to act as a hindrance. Asia Pacific leads the probiotics market due to various advancements and investigative procedures executed in the region.

The North American probiotics market is anticipated to expand fast in the near future. This is due to demand for probiotic supplements from the inhabitants of the United States of America.

Probiotics Market Size

Information Source: Grand View Research