Connect with us

Hi, what are you looking for?

Global Bovine Lactoferrin Market Size to Grow at a CAGR of 12.1% in the Forecast Period of 2022-2027

The ‘Global Bovine Lactoferrin Market Size, Share, Price, Growth, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global bovine lactoferrin market, assessing the market on the basis of its segments like product, application, and major regions.

Bovine Lactoferrin Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

Get a Free Sample Report with Table of [email protected] https://www.expertmarketresearch.com/reports/bovine-lactoferrin-market/requestsample

The key highlights of the report include:

Market Overview 2017-2027

• Forecast CAGR (2022-2027): 12.1%

Report Attribute Details
Historical Period 2017-2021
Forecast Period 2022-2027
Base Year 2021
Growth Rate CAGR 12.1%
Major Players Fonterra Co-Operative Group Limited, Lee BioSolutions, Glanbia Plc,
Bega Cheese Limited, and Saputo Inc, among others.

The global bovine lactoferrin market is anticipated to register significant growth in the coming years owing to the increasing awareness among customers about the importance of diet and health. The increasing prevalence of skin-related health conditions is likely to boost the market demand. The rise in the demand for dietary supplements and the increasing need for nutritional food, coupled with the rising demand for convenient feeding, is propelling the market growth. The rising demand from pharmaceutical and personal care industries is likely to propel the market due to its antibacterial, antiviral, antiparasitic, anti-allergic, and catalytic functions and properties.

Bovine lactoferrin aids in curing skin ailments such as acne, along with its increasing usage in personal care and pharmaceutical products and anti-inflammatory purposes. The rising demand from these industries is driving the growth of the bovine lactoferrin market across the globe. The increasing focus of manufacturers on understanding buying patterns of consumers to provide them with ever-changing demands is further expected to support the market growth.

Moreover, various enterprises have started investing in packaging and upgradation of ingredients depending on whether the point-of-purchase is a speciality store, club warehouse, or online shopping portal. This is further expected to bolster the market growth of bovine lactoferrin over the forecast period.

Bovine Lactoferrin Industry Definition and Major Segments

Lactoferrin is a nutrient that is generally discovered in mammalian milk. It is a protein widely found in human milk, and animal milk, among other bodily fluids. Lactoferrin can incorporate higher colostrum, which is basically the first milk made after a baby is born. It connects to iron as well as is transferred through a range of receptors into and between serum, cells, bile, and cerebrospinal fluid. Further, lactoferrin has substantial immunological assets and consists of both antiviral and antibacterial.

Read Full Report with Table of [email protected] https://www.expertmarketresearch.com/reports/bovine-lactoferrin-market

On the basis of product, the market is segmented into:

• Freeze Dried and Milled
• Spray Dried Powder

By application, the market is classified into:

• Infant Formula
• Pharmaceuticals
• Dietary Supplements
• Food
• Others

Based on region, the market is divided into:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa

Bovine Lactoferrin Market Trends

Based on the application, the infant formula segment is holding the largest bovine lactoferrin market share on account of the rise in the number of clinical studies supporting infant formula integration with lactoferrin. The shift in consumer dynamics toward infant supplementary foods is driving the growth of the segment in the market. The increasing need for infant nutrition is primarily from developed countries due to an increase in disposable income and busy work schedules, along with the increasing prevalence of iron deficiency among infants.

Geographically, the Asia Pacific region is expected to register significant growth on account of the rising literacy rate and surging consumer awareness about personal care, pharmaceutical, and infant nutrition products. The increasing population and increasing spending capacity of consumers, especially in Japan, India, and China is likely to fuel the market across the region. The region has many small and medium businesses, along with consumer inclination toward organic products, which is expected to aid the market for lactoferrin in the Asia Pacific region.

Meanwhile, North America is anticipated to gain further momentum in the market of bovine lactoferrin during the forecast period on account of an increase in the numbers of hypermarkets, supermarkets, and speciality stores, and incentivised marketing systems adopted by the major market players to increase their sales. The United States is holding a significant share of the market growth of bovine lactoferrin due to the surging prevalence of digestive distresses has further aided product demand across the economy.

Key Market Players

The major players in the global bovine lactoferrin market

• Fonterra Co-Operative Group Limited
• Lee BioSolutions
• Glanbia Plc
• Bega Cheese Limited
• Saputo Inc
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Read More Reports:

Supply Chain Management Software Market: https://www.expertmarketresearch.com/reports/supply-chain-management-software-market

Aeroderivative Gas Turbine Market: https://www.expertmarketresearch.com/reports/aeroderivative-gas-turbine-market

Hypervolt plus Cordless Vibration Massager Market: https://www.expertmarketresearch.com/reports/hypervolt-plus-cordless-vibration-massager-market

Lithium Ion Battery Manufacturers: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies

Halal Food Market: https://www.expertmarketresearch.com/reports/halal-food-market

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: James Rowan, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn: https://www.linkedin.com/company/expert-market-research

Written By

You may also like:

World

Iranian fans had been hoping for a repeat of their 1998 World Cup victory over the United States - Copyright AFP ATTA KENAREIranians had...

Tech & Science

The truck drives itself, and veteran driver Roger Nordqvist is at the ready only in case of unexpected problems.

Business

A move by Elon Musk to stop enforcing a Twitter policy against Covid falsehoods feeds into fears that misinformation will flourish on the platform....

Business

Twitter is no longer enforcing its policy about COVID-19 misinformation as part of changes made by CEO Elon Musk.