Bovine Lactoferrin Market Size, Industry Analysis Report By Product Type (Spray Dried Powder, Freeze Dried Powder), By Application (Dietary Supplement, Infant Nutrition- Online, Offline), By Function (Iron Absorption, Immune Cell Stimulation, Antibacterial) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 287
- CATEGORY
- Chemicals & Materials
The Bovine Lactoferrin Market is valued at around USD 772.39 million in 2022 and is expected to reach USD 3,349.05 million by 2030, registering a CAGR of 15.8% over the forecast period. The protein found in both cow's milk and human milk is known as lactoferrin. Colostrum is the first milk formed and produced after a baby is born, and it is thought to contain about seven times as much lactoferrin as milk formed later. The fluids in the nose, eye, respiratory tract, intestine, and other locations are also developed and contain lactoferrin. Lactoferrin, a protein that builds iron and aids in the treatment of diarrhoea, stomach and intestinal ulcers, and hepatitis C, is currently used by the healthcare sector as a medication all over the world.
The Bovine Lactoferrin Market - Growth Factor
It is anticipated that rising incidences of skin-related medical problems and rising consumer awareness of diet and health will boost demand. The pharmaceutical and personal hygiene industries will be affected by the antiviral, antimicrobial, anti-parasitic, catalytic, and anti-allergic properties and functions of lactoferrin. As it has been demonstrated in clinical trials to treat acute acne and other dermatological conditions, the bovine lactoferrin market is anticipated to experience significant growth over the course of the forecast period. The Bovine Lactoferrin ELISA kit, which assesses Lactoferrin (LF) in biological samples from cattle, is also utilised in the treatment. The use of dietary supplements with lactoferrin added has increased in both developed and developing countries due to the population's shifting preference for naturally produced supplements over chemical ones.
The Bovine Lactoferrin Market – Market Trends
• The rapid increase in the number of working women worldwide, which has noticeably reduced breastfeeding rates all over the world, is one of the key factors driving up demand for bovine lactoferrin across global markets.
• For instance, according to data released by the World Health Organization, only 38% of all new-borns between the ages of 0 and 6 months are breastfed exclusively (WHO).
• Because of this, it is predicted that the market for bovine lactoferrin will expand significantly over the ensuing years.
• Additionally, the global population's increasing prevalence of chronic conditions like stomach and intestinal ulcers, diarrhoea, and hepatitis C is driving up demand for bovine lactoferrin.
The Bovine Lactoferrin Market – Segmentation
The Bovine Lactoferrin Market fragrance concentrates market has been sub-classified into product type, application, function.
On the basis of product type, the Bovine Lactoferrin Market is bifurcated into:
• Spray dried powder
• Freeze dried powder
• others
On the basis of application, the market is segmented into:
• dietary supplement
• infant nutrition- online, offline
• others
On the basis of function, the market is segmented into:
• Iron absorption
• Immune cell stimulation
• Antibacterial
• Others
The Bovine Lactoferrin Market –Regional Analysis
Asia-Pacific dominated the global Bovine Lactoferrin Market, is worth approximately US$ 335 Million. The largest regional market in 2022 was Asia Pacific, with a sales revenue of 42.5%. The regional market is anticipated to maintain its position over the course of the forecast period. India, China, and Japan are leading the region in revenue growth, which can be attributed to rising consumer spending power and population growth.
The Bovine Lactoferrin Market – Key Market players
Global key players of Bovine Lactoferrin Market include Fonterra Group, Bega Cheese, FrieslandCampina (DMV), Milei Gmbh, Glanbia Nutritionals, Westland Milk, Tatua, Synlait Milk, WBC, Murray Goulburn, Ingredia Nutritional, among others.
Report scope
Global Bovine Lactoferrin Market: Historical Years- 2018-2021
Global Bovine Lactoferrin Market: Forecast Years- 2022-2030
Global Bovine Lactoferrin Market 2022- USD 772.39 million
Global Bovine Lactoferrin Market 2030- USD 3,349.05 million
Global Bovine Lactoferrin Market CAGR- 15.8%
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI