March 2020:Conagen, Inc. an established biotech firm based in the greater biotech corridor in Boston, released a statement announcing that it has discovered and created a sustainable proprietary lactoferrin protein that represents the nutrient composition of breast milk lactoferrin. The first-of-its-kind natural lactoferrin protein is developed via a commercial-scale fermentation process.
Author Credits: Parul Atri
Report ID: 2616
Published Date: Oct 15, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2024, the industry size of infant formula ingredients is estimated at USD 78.5 billion.
Infant Formula Ingredients Market size was over USD 72.47 billion in 2023 and is anticipated to cross USD 262.27 billion by 2036, witnessing more than 10.4% CAGR during the forecast period i.e., between 2024-2036.
Asia Pacific industry is estimated to hold largest revenue share by 2036, owing to rising urbanization and increasing demand for easy food in the region.
The major players in the market are Conagen, Inc., Fonterra Co-operative Group Limited, Arla Foods amba, Carbery Food Ingredients Limited, Chr. Hansen Holding A/S, LACTALIS Ingredients, Sachsenmilch Leppersdorf GmbH., Royal Friesland Campina N.V, Glanbia plc, and others.