The global demand for Bovine Lactoferrin Market is presumed to reach the market size of nearly USD 1795.2 MN by 2028 from USD 735.3 MN in 2021 with a CAGR of 13.6% under the study period 2022 - 2028.
Bovine lactoferrin is a protein found in cow milk and human milk. Lactoferrin is additionally found in fluids in the eye, nose, respiratory tract and intestine. Lactoferrin seems to slow down the boom of bacteria by famishing them with nutrients. In addition, it destroys the walls around the bacteria. It also helps adjust how nicely iron is absorbed into the physique from the intestine. The lactoferrin in mother's milk is thought to protect breast-fed infants against infections.
Market Dynamics
The features of bovine lactoferrin, such as low denaturation of proteins, increased quality, superior stability, and purity of the end product, are driving the market growth. Lactoferrin also helps restrict the growth of acne due to its antioxidant properties. Such factors are expected to drive its demand in personal care and cosmetics, thereby boosting the market growth. The substantial amount of money invested in research and development of the product linked with lactoferrin's effect on human health will bode well for the overall market's growth in the future years. However, the high cost of products containing lactoferrin as an ingredient can be a restraint to the development of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of bovine lactoferrin. The growth and trends of bovine lactoferrin industry provide a holistic approach to this study.
Market Segmentation
This section of the bovine lactoferrin market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Freeze Dried And Milled
- Spay Dried Powder
By Application
- Infant Formula
- Dietary Supplements
- Pharmaceutical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Bovine Lactoferrin market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Bovine Lactoferrin Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bovine lactoferrin market include Fonterra Group, Synlait Milk, FrieslandCampina (DMV), Bega Cheese, Tatua, Westland Milk (Yili Group), Saputo, Milei Gmbh, Glanbia Nutritionals, Ingredia Nutritional, Hilmar Cheese Company, Inc., ARMO. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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