Lactoferrin Market expected to expand at a CAGR of 8.2% from 2021 to 2028
Lactoferrin Industry Overview The global lactoferrin market is expected to reach USD 411.8 million by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2021 to 2028. Increasing incorporation of lactoferrin in various products ranges including infant food, food supplements, dietetic foods, alcoholic beverages, sports nutrition, and personal care and cosmetics should bolster the lactoferrin market in the forecast timeframe, ascribed to strong health benefits. Lactoferrin Market Segmentation Grand View Research has segmented the global lactoferrin market on the basis of function, application, and region: Based on the Function Insights, the market is segmented into Iron Absorption, Anti-inflammatory, Intestinal Flora Protection, Antibacterial, Immune Cell Stimulation, and Antioxidant. The iron absorption segment accounted for the highest revenue share of more than 29% in 2020 and is expec...