The global bovine lactoferrin market will grow at a CAGR of 12.7% and touch the estimated value of USD14.61 by 2028 as against its previous valuation of USD 0.60bn in 2020.
The growing demand for dairy products is fueling the growth of the global bovine lactoferrin market. People are realizing the benefits of milk and its by-products such as lactoferrin, a protein found in cow’s milk that is touted to have numerous health benefits. As more people adopt an extensive dairy-based diet, the demand for dairy products has grown exponentially.
Growing Adoption of Veganism Drives the Bovine Lactoferrin Market
The bovine lactoferrin industry has been booming due to the growing prevalence of lactose-intolerant individuals, which is further paving the way for the adoption of a vegan diet. Furthermore, the growing concerns regarding food safety and antibiotics have also led to the increased demand for bovine lactoferrin.
However, the high cost of bovine lactoferrin is expected to hinder the growth of the bovine lactoferrin market.
Nonetheless, the increasing prevalence of non-communicable diseases (NCD), like heart ailments and diabetes, is also anticipated to fuel the demand for bovine lactoferrin in the near future as it is said to boost the immunity for improving their overall health.
Prevalence of Anaemia Bolsters the Iron Absorption Segment
Anaemia is also known to be associated with various other factors such as low ferritin levels, low intake of iron-rich foods, low intake of vitamin B12, low intake of folate, poor absorption, and poor storage of iron. Therefore, it is essential to maintain a healthy diet, increase intake of vitamin B12, and folate, and maintain a healthy lifestyle, which further would increase the demand for the bovine lactoferrin market in the coming years.
The increasing demand for dairy by-products is expected to fuel the growth of the global bovine lactoferrin market over the forecast period and beyond.
The report available with ResearchMoz helps market analysts understand the strengths and weaknesses of the existing players and determine which competitors pose a major threat to the business. The report also analyzes the growth potential of the global bovine lactoferrin market in the forecast years.
Most dairy companies are focused in research and development on lactoferrin because they want to improve the quality of their products. They want to increase the amount of lactoferrin in their products, reduce the cost of lactoferrin, or improve the taste of lactoferrin. Therefore, the global bovine lactoferrin is highly competitive in nature.
The major players in the bovine lactoferrin market include-
- Milei GmbH
- MP Biomedicals
- Pharming Group NV
- Synlait Milk Ltd.
- Fonterra Cooperative Group Ltd.
- Farbest Brands
- MP Biomedicals
- Tatura Milk Industries Ltd.
- Glanbia plc
- APS BioGroup
- Hilmar Cheese Company
- Iron Absorption
- Intestinal Flora Protection
- Immune Cell Stimulation
- Food & Beverages
- Infant Formula
- Sports & Functional Foods
- Personal Care Products
- Animal Feed
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Bovine Lactoferrin Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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