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

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Medical Plastics Market Size, Share and Global Industry Trend Forecast till 2026
  • : Aug, 2020

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The Bovine Lactoferrin Market: Overview
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

On the basis of application, the market is segmented into:
dietary supplement
infant nutrition- online, offline

On the basis of function, the market is segmented into:
Iron absorption
Immune cell stimulation

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%
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