Lactoperoxidase Market Share & Trends Analysis, By Product Type (Spray Dried Powder, Freeze Dried Powder), By Application (Food Products, Nutraceutical Ingredient, Pharmaceuticals, Others), By Region Forecast - Global Review 2020 to 2030
Food Processing Industries Likely to Boost the Sales of Lactoperoxidase during the Forecast Period
Rising disposable income coupled with increasing number of health conscious people across the globe is expected to support the demand for lactoperoxidase market in the future. Lactoperoxidase is an effective antimicrobial agent which leads to its rising demand in the food, cosmetics and ophthalmic solutions industry. Medical applications of lactoperoxidase are likely to push the demand for the lactoperoxidase market.
Lactoperoxidase is a hemoprotein that produces oxidizing agents. It is primarily found in cervical mucus, saliva, milk and nasal glands. The lactoperoxidase system plays an important role in the innate immune system by killing bacteria in milk and mucus secretions which is likely to boost the lactoperoxidase market.
Lactoperoxidase Market: Segmentation
Lactoperoxidase market is segmented into different parts based on the product type, application and distribution channel. On the basis of applications, food and beverages as well as pharmaceuticals sector is acquiring higher market share due to its anti-bacterial properties.
Based on product type, the lactoperoxidase market is segmented into:
- Spray Dried Powder
- Freeze Dried Powder
Based on application, lactoperoxidase market is segmented into:
- Food Products
- Nutraceutical Ingredient
- Personal Care and Cosmetics
North America Continues to Dominate the Lactoperoxidase Market
North America accounts for more than one third of the lactoperoxidase market share. Rising health consciousness and consumer awareness are likely to push the lactoperoxidase market. Strenuous activities, lifestyle and more number of athletes is likely to push the lactoperoxidase market in North America.
Owing to the robust performance in Germany and United Kingdom, Europe generates a significant revenue share in the lactoperoxidase market. Germany’s innovative food and industry sectors especially the dairy industry has provided a great opportunity to the lactoperoxidase market. East and South Asia have strong growth potential in the lactoperoxidase market.
Personal care is a major market in China and India. Hence, lactoperoxidase is expected to record a surging demand for its applications in personal care product. The rise in awareness on various health issues, growing population and increasing disposable income are key factors to drive the lactoperoxidase market.