Middle East And Africa Lactoferrin Market

Middle East and Africa Lactoferrin Market Growth and Forecast (2023 - 2028):

Middle East and Africa Lactoferrin Market was worth USD 7.86 million in 2022, and is expected to grow at a CAGR of 8.05%, to reach USD 11.58 million by 2028.

Market Overview:

Lactoferrin is a globular glycoprotein of the transferrin family. It is commonly present in several fluid secretions of humans such as milk, tears, saliva and nasal secretions. Human colostrum, first milk produced from mammary glands after child birth has highest concentration of lactoferrin. Human milk and cow milk follows colostrum respectively in terms of concentration.

Lactoferrin can be extracted or separated from milk or by using recombinant DNA modification techniques. Lactoferrin is involved in several biological activities such as antimicrobial activity especially in children, stimulation of immune cells and iron absorption. It also aids in bone formation and increase in anti-inflammatory responses of the body. Infants benefit highly from lactoferrin.

Drivers and Restraints:

The numerous health benefits offered by lactoferrin protein in adults as well as infants have increased the demand for lactoferrin products. Factors such as rising prevalence of bacterial and viral infections, its prominent role in immune responses such as anti-inflammation and its ability to absorb iron are expected to drive the market. Advanced techniques to extract lactoferrin from skimmed milk resulting in increased production are also expected to propel the market. However, lack of awareness among people and high cost of products are inhibiting the market growth.

Middle East and Africa Lactoferrin Market Segmentation Analysis:

The Lactoferrin Market is categorized based on the function, application, and region. Based on the function, the market is categorized into Anti-inflammatory, Iron Absorption, Antibacterial, Intestinal Flora Protection, Antioxidant, Immune Cell Stimulation and others. The iron absorption property of lactoferrin is very important and is very helpful in initial growth of infants and hence this segment holds the largest market. Based on application, the market is categorized into Food and Beverages, Infant Formula, Sports and Functional Foods, Animal Feed, Pharmaceuticals and Personal care Products. Infant formula contributes the largest market share. It is due to the excessive use of lactoferrin in infant formula due to its antibacterial, iron absorbing and bone forming properties.

Region Analysis:

Geographically the Middle East and Africa Lactoferrin Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Due to the high prevalence of bacterial infections and malnutrition problems in infants, demand for infant formula has significantly increased in Africa region.

Key Players in the Market:

Major Key Players in the MEA Lactoferrin Market are

• Glanbia Nutritionals
• Westland Co-Operative Dairy Co. Ltd
• Fonterra Co-Operative Group Ltd
• MP Biomedicals
• Synlait Milk Ltd
• Ingredia SA
• Vitalus Nutrition Inc
• ProHealth
• Metagenics