Lactoferrin Products Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Australia, Japan, Germany - Size and Forecast 2024-2028

Published: Apr 2024 Pages: 175 SKU: IRTNTR77421

Lactoferrin Products Market Size 2024-2028

The global lactoferrin products market size is estimated to grow by USD 4.90 billion, at a CAGR of 16.3% between 2023 and 2028. 

A global increase in the number of working women across the world has led to a rise in the demand for convenient baby care products, including lactoferrin products. This makes lactoferrin baby food and infant formula appealing options as they combine health and nutrition and are convenient. The number of working mothers is increasing in countries such as India, China, the US, and the UK. Additionally, the increasing number of working women will also raise the number of dual-income households and the per capita income of families. These factors are boosting the sales of lactoferrin products, which, in turn, is anticipated to drive the growth of the market during the forecast period. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

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Segmentation by Application, Usage, and Geography Analysis

The market experiences robust demand owing to its dietary and antiviral properties. Recognized for its antiparasitic and catalytic effects, lactoferrin finds applications in various sectors, including cosmetics, combating skin diseases, and serving as an ingredient in toothpaste. It features prominently in nutraceuticals, offering multi-function protein benefits. Lactoferrin's efficacy extends to addressing conditions like stomach ulcers, intestinal ulcers, and viral infections such as hepatitis C. With its antioxidant properties and role in fighting bacterial infections, lactoferrin emerges as a versatile solution across food and beverage products and pharmaceutical formulations.

Application Analysis 

The infant formula segment will be significant during the forecast period. The demand for infant formula products is expected to grow owing to the rising number of working mothers and the growing health awareness among customers. Lactoferrin is a natural protein component of breast milk, and its inclusion in infant formulas has gained popularity as it builds the immune system and facilitates the absorption of iron. One of the drivers of the infant formula segment is the convenience factor associated with these products. 

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The infant formula segment was valued at USD 1.57 billion in 2018. Additionally, these products take longer to digest than breast milk, which helps retain the feeling of fullness. Also, the growth of the segment can be attributed to the need for alternatives to breast milk, especially for women who have concerns such as lactation issues and the low production of breast milk. Thus, the clinical benefits of lactoferrin-based infant formula and the increasing number of working women are boosting the growth of the infant formula segment of the market during the forecast period.

Usage Analysis

The iron absorption segment will account for the largest share of this segment.?The lactoferrin is considered a good source of iron as it is involved in the transport of iron across the cell membranes, particularly in the intestine. By binding with iron, lactoferrin helps in facilitating the absorption of dietary iron in the gut. In addition, lactoferrins' potential benefits of iron absorption have led to its consideration in different applications, like the fortification of infant formulas, dietary supplements, and functional foods. Thus, increasing demand from consumers to fulfill deficiency is anticipated to drive the growth of the iron absorption segment of the market during the forecast period.

The intestinal flora protection segment is also showing steady growth during the forecast period. Lactoferrin products protect the integrity of the gut barrier and repair adverse changes in gut microbiota. Lactoferrin supplements promote a healthy balance of gut bacteria by increasing the production of secretory immunoglobulin A (sIgA) in the small intestine and have also been linked to a wide range of health benefits such as reduced inflammatory bowel disease and obesity and improved digestion. Furthermore, clinical studies have also shown that the intake of lactoferrin supplements prevents the overgrowth of harmful microbes, such as Candida, Helicobacter pylori, Escherichia coli, and Salmonella. Thus, due to these health benefits, the intestinal flora protection segment in the market is expected to witness growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. The APAC market is poised for growth driven by rising consumer awareness and demand for certified products, especially in China, Australia, and New Zealand. Australian consumers seek safe and traceable products, while Chinese consumers prefer organic options for immunity-boosting benefits. Manufacturers are expanding production facilities to meet demand, with online sales contributing significantly to market expansion. Notable developments include Westland Milk Products' lactoferrin facility in New Zealand, catering to the growing demand for premium products. Hence, such factors are expected to drive market growth in this region during the forecast period. 

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Advanced Orthomolecular Research Inc.: The company offers lactoferrin products such as Lactoferrin 250 which supports immune system, improves iron absorption and manages inflammatory response.

Bega Cheese Ltd., Blackmores Ltd., Cure Nutraceutical PVT. LTD., Fonterra Cooperative Group Ltd., Glanbia plc, INGREDIA SA, Inner Mongolia Yili Industrial Group Co. Ltd., Jarrow Formulas Inc., Lactoferrin Co., Life Extension Foundation Buyers Club Inc., Morinaga Milk Industry Co. Ltd., Morishita Jintan Co. Ltd., Noumi Ltd., Oskia Skincare Ltd., Royal FrieslandCampina NV, Saraya Co. Ltd., Savencia SA, TurtleTree, US CLINICALS, ZIEXA HEALTHCARE, and Zifam Pinnacle Pty. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

In the market, the multifaceted protein serves diverse roles. Its properties extend from addressing dietary needs to combating antiviral and antibacterial challenges. Recognized for its anti-allergic attributes, lactoferrin is a key ingredient in cosmetics, aiding in managing skin diseases. Additionally, its antiparasitic qualities make it valuable in treating conditions like diarrhea. However, challenges such as denaturation may impact its effectiveness, urging advancements in Lactoferrin crude extract extraction techniques for optimal utilization. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Drivers

An increase in the number of mothers with lower milk supply is the key factor driving the market growth. Approximately 10% of women face physiological challenges in breastfeeding, including deficiencies such as iron or physiological problems like breast engorgement and mastitis, leading to low lactation. Additionally, conditions like polycystic ovary syndrome (PCOS), diabetes, and thyroid issues contribute to insufficient milk supply. Mothers under medication or with mammary hypoplasia also encounter difficulties in breastfeeding. In such cases, lactoferrin products, including supplements and infant formula, serve as optimal solutions.

These products are increasingly utilized by mothers facing low breast milk supply, stimulating market growth. Accessibility through both brick-and-mortar stores and online stores enhances their availability, catering to a wide consumer base. Moreover, ongoing clinical trials highlight lactoferrin's potential in addressing various skin-related health conditions, including the acne treatment market, owing to its potent anti-inflammatory properties.

Significant Market Trends

Strategic initiatives by companies is the primary trend shaping market growth. Most established market players are focusing on strategic initiatives such as geographical expansion to increase the clientele of lactoferrin products. For example, in March 2023, Royal FrieslandCampina Ingredients (proteins and prebiotics manufacturer) announced the opening of its new lactoferrin production site in the Netherlands to meet the growing global demand in the early life and adult nutrition industry. 

Additionally, aligned with market trends and analysis, companies are also working on developing innovative lactoferrin products from different sources, such as human cells. For example, in June 2021, TurtleTree launched cell-based human lactoferrin for infant and sports nutrition, as this offers all the benefits of lactoferrin and resistance to dairy intolerance. Consequently, beneficial strategic initiatives among market players are expected to drive market growth during the forecast period. 

Major Market Challenges

Shifting preferences toward vegan products is a challenge that affects market growth. The preferences of consumers are shifting toward vegan and dairy-free products. Various vegan alternatives for lactoferrin products are available in the market, like plant-based infant milk, supplements, and personal care products. Such alternatives are commonly available in an assortment of different flavors, which will increase their adoption among consumers.

Moreover, veganism is a way of life that excludes all forms of animal exploitation and cruelty in producing products such as food and clothing. Thus, with the rising number of people following the vegan lifestyle, the demand for functional foods, supplements, and personal products that contain lactoferrin as an ingredient is expected to reduce during the forecast period. Hence, shifting preference for vegan products may impede market growth during the forecast period.

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Key Market Customer Landscape

The market forecast report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

 Customer Landscape

Segment Overview

The market growth and forecasting research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

  • Application Outlook
    • Infant formula
    • Sports and functional Foods
    • Food and beverages
    • Others
  • Usage Outlook
    • Iron absorption
    • Intestinal flora protection
    • Anti-inflammatory
    • Antibacterial and others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

In the market, this multifunctional protein stands out as a key player in various sectors. From men's health supplements to organic products in specialty stores, its applications span diverse areas. Lactoferrin contributes to connective tissue health, addresses skin inflammation issues like zits and cysts, and aids in managing gastrointestinal inflammatory cases and irritable bowel movement. Its role in boosting immunity and providing preventive measures against infections is noteworthy, alongside its potential as an antibacterial and antimicrobial therapeutic agent. Moreover, its anti-cancer properties and ability to stimulate immune response highlight its significance in health and wellness awareness.

Further, in the market, lactoferrin emerges as a multifaceted protein with applications spanning various domains. From diet supplementation to addressing dermal immune response, wounds, and inflammations, lactoferrin's efficacy is evident. It plays a pivotal role in mitigating issues like intestinal inflammation and promoting gut health. With antibacterial and antimicrobial properties, it combats bacterial growth and biofilm formation. Additionally, its immunomodulatory and anti-cancer attributes are recognized, making it valuable in diverse sectors such as dermatological issues, health and wellness, and sportspersons. Amid supply chain disruptions, lactoferrin continues to pave the way for therapeutic solutions and immune system support.

Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.3%

Market Growth 2024-2028

USD 4.90 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

15.3

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key countries

US, China, Australia, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Orthomolecular Research Inc., Bega Cheese Ltd., Blackmores Ltd., Cure Nutraceutical PVT. LTD., Fonterra Cooperative Group Ltd., Glanbia plc, INGREDIA SA, Inner Mongolia Yili Industrial Group Co. Ltd., Jarrow Formulas Inc., Lactoferrin Co., Life Extension Foundation Buyers Club Inc., Morinaga Milk Industry Co. Ltd., Morishita Jintan Co. Ltd., Noumi Ltd., Oskia Skincare Ltd., Royal FrieslandCampina NV, Saraya Co. Ltd., Savencia SA, TurtleTree, US CLINICALS, ZIEXA HEALTHCARE, and Zifam Pinnacle Pty. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the between 2024 and 2028
  • Precise estimation of the size and its contribution to the market in focus on the parent market
  • Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
  • Companies landscape comparing criticality of inputs and factors of differentiation
  • Exclusive Matrix on companies' position and classification
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Usage
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global lactoferrin products market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global lactoferrin products market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Usage Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Usage Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Infant formula - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Infant formula - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Infant formula - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Infant formula - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Infant formula - Year-over-year growth 2023-2028 (%)
    • 6.4 Sports and functional foods - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Sports and functional foods - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Sports and functional foods - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Sports and functional foods - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Sports and functional foods - Year-over-year growth 2023-2028 (%)
    • 6.5 Food and beverages - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)
      • Exhibit 51: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Usage

    • 7.1 Market segments
      • Exhibit 52: Chart on Usage - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Usage - Market share 2023-2028 (%)
    • 7.2 Comparison by Usage
      • Exhibit 54: Chart on Comparison by Usage
      • Exhibit 55: Data Table on Comparison by Usage
    • 7.3 Iron absorption - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Iron absorption - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Iron absorption - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Iron absorption - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Iron absorption - Year-over-year growth 2023-2028 (%)
    • 7.4 Intestinal flora protection - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Intestinal flora protection - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Intestinal flora protection - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Intestinal flora protection - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Intestinal flora protection - Year-over-year growth 2023-2028 (%)
    • 7.5 Anti-inflammatory - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Anti-inflammatory - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Anti-inflammatory - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Anti-inflammatory - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Anti-inflammatory - Year-over-year growth 2023-2028 (%)
    • 7.6 Antibacterial and others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Antibacterial and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Data Table on Antibacterial and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 70: Chart on Antibacterial and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Antibacterial and others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Usage
      • Exhibit 72: Market opportunity by Usage ($ million)
      • Exhibit 73: Data Table on Market opportunity by Usage ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 Australia - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Australia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Australia - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Australia - Year-over-year growth 2023-2028 (%)
    • 9.10 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Advanced Orthomolecular Research Inc.
              • Exhibit 127: Advanced Orthomolecular Research Inc. - Overview
              • Exhibit 128: Advanced Orthomolecular Research Inc. - Product / Service
              • Exhibit 129: Advanced Orthomolecular Research Inc. - Key offerings
            • 12.4 Bega Cheese Ltd.
              • Exhibit 130: Bega Cheese Ltd. - Overview
              • Exhibit 131: Bega Cheese Ltd. - Business segments
              • Exhibit 132: Bega Cheese Ltd. - Key offerings
              • Exhibit 133: Bega Cheese Ltd. - Segment focus
            • 12.5 Blackmores Ltd.
              • Exhibit 134: Blackmores Ltd. - Overview
              • Exhibit 135: Blackmores Ltd. - Business segments
              • Exhibit 136: Blackmores Ltd. - Key offerings
              • Exhibit 137: Blackmores Ltd. - Segment focus
            • 12.6 Cure Nutraceutical PVT. LTD.
              • Exhibit 138: Cure Nutraceutical PVT. LTD. - Overview
              • Exhibit 139: Cure Nutraceutical PVT. LTD. - Product / Service
              • Exhibit 140: Cure Nutraceutical PVT. LTD. - Key offerings
            • 12.7 Fonterra Cooperative Group Ltd.
              • Exhibit 141: Fonterra Cooperative Group Ltd. - Overview
              • Exhibit 142: Fonterra Cooperative Group Ltd. - Business segments
              • Exhibit 143: Fonterra Cooperative Group Ltd. - Key offerings
              • Exhibit 144: Fonterra Cooperative Group Ltd. - Segment focus
            • 12.8 Glanbia plc
              • Exhibit 145: Glanbia plc - Overview
              • Exhibit 146: Glanbia plc - Business segments
              • Exhibit 147: Glanbia plc - Key offerings
              • Exhibit 148: Glanbia plc - Segment focus
            • 12.9 INGREDIA SA
              • Exhibit 149: INGREDIA SA - Overview
              • Exhibit 150: INGREDIA SA - Product / Service
              • Exhibit 151: INGREDIA SA - Key offerings
            • 12.10 Jarrow Formulas Inc.
              • Exhibit 152: Jarrow Formulas Inc. - Overview
              • Exhibit 153: Jarrow Formulas Inc. - Product / Service
              • Exhibit 154: Jarrow Formulas Inc. - Key offerings
            • 12.11 Lactoferrin Co.
              • Exhibit 155: Lactoferrin Co. - Overview
              • Exhibit 156: Lactoferrin Co. - Product / Service
              • Exhibit 157: Lactoferrin Co. - Key offerings
            • 12.12 Noumi Ltd.
              • Exhibit 158: Noumi Ltd. - Overview
              • Exhibit 159: Noumi Ltd. - Business segments
              • Exhibit 160: Noumi Ltd. - Key offerings
              • Exhibit 161: Noumi Ltd. - Segment focus
            • 12.13 Oskia Skincare Ltd.
              • Exhibit 162: Oskia Skincare Ltd. - Overview
              • Exhibit 163: Oskia Skincare Ltd. - Product / Service
              • Exhibit 164: Oskia Skincare Ltd. - Key offerings
            • 12.14 Royal FrieslandCampina NV
              • Exhibit 165: Royal FrieslandCampina NV - Overview
              • Exhibit 166: Royal FrieslandCampina NV - Business segments
              • Exhibit 167: Royal FrieslandCampina NV - Key news
              • Exhibit 168: Royal FrieslandCampina NV - Key offerings
              • Exhibit 169: Royal FrieslandCampina NV - Segment focus
            • 12.15 Savencia SA
              • Exhibit 170: Savencia SA - Overview
              • Exhibit 171: Savencia SA - Business segments
              • Exhibit 172: Savencia SA - Key offerings
              • Exhibit 173: Savencia SA - Segment focus
            • 12.16 US CLINICALS
              • Exhibit 174: US CLINICALS - Overview
              • Exhibit 175: US CLINICALS - Product / Service
              • Exhibit 176: US CLINICALS - Key offerings
            • 12.17 Zifam Pinnacle Pty. Ltd.
              • Exhibit 177: Zifam Pinnacle Pty. Ltd. - Overview
              • Exhibit 178: Zifam Pinnacle Pty. Ltd. - Product / Service
              • Exhibit 179: Zifam Pinnacle Pty. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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