![Lactoferrin Market](https://res.cloudinary.com/devmoveo/image/upload/v1705936969/skyquest/report/php6W40O0.jpg)
Report ID: SQMIG30I2351
Report ID:
SQMIG30I2351 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
61 |
Figures:
78
Asia-Pacific accounted for the biggest regional market with more than 42.0% of the revenue in the year 2021. India, China, and Japan are driving the growth of the region's markets, which are also growing because more people are living there and they have more money to spend. Also, the market for lactoferrin in the region is likely to grow because more people are getting aware of infant nutrition, personal care, and pharmaceutical products, and more people are interested in buying organic products.
North America was lactoferrin's second-biggest market in 2021. The U.S. became the largest market. Digestive disorders are growing increasingly widespread, thus more individuals are buying this product. The adoption of incentive-based marketing strategies by brand owners to promote sales is also predicted to help the industry grow in the coming years. Key market participants in the region use marketing activities and techniques, such as branding, to expand their companies.
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REQUEST FREE CUSTOMIZATIONLactoferrin Market size was valued at USD 245 million in 2019 and is poised to grow from USD 265.83 million in 2023 to USD 553.94 million by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).
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Report ID: SQMIG30I2351