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.
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