Business UpdateAug 13, 2026, 05:08 PM
Planet Green Enters Lactoferrin Market; Plans Chief Scientist Role
AI Summary
Planet Green Holdings Corp. announced its entry into commercial operations for sourcing, marketing, and distributing lactoferrin, a critical glycoprotein for health products. The company also plans to expand its executive team by adding a Chief Scientist to drive innovation and product portfolio growth, with a candidate already identified. This move targets the rapidly growing global lactoferrin market, particularly in China, which represents 22% of the current $300 million annual global demand and is projected to exceed $100 million in China alone by 2030.
Key Highlights
- Entered commercial operations to source, market, and distribute lactoferrin.
- Lactoferrin is used in health products, infant formulas, and supplements.
- Plans to add a Chief Scientist role to drive innovation and product portfolio growth.
- Targets the global lactoferrin market, currently estimated at $300 million annually.
- China represents 22% of the global lactoferrin market, growing at 9% annually.
- Chinese lactoferrin market expected to exceed $100 million by 2030.
- Global lactoferrin market projected to reach $500 million by 2030.
Price Impact
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