Market Research

Bovine Lactoferrin Market

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 204 Pages Fortune Business Insights Pvt. Ltd. October, 2024 FOB19224210
Best Price Guarantee
Price from $4,850
Length 204 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date October, 2024
SKU FOB19224210

Bovine Lactoferrin Market



Growth Factors of Bovine Lactoferrin Market

The bovine lactoferrin market size was valued at USD 667.3 billion in 2023, and the market is now projected to grow from USD 676.2 billion in 2024 to USD 922.2 billion by 2032, exhibiting a CAGR of 4.0% during the forecast period of 2024-2032.

The outbreak of COVID-19 led to a slump in the bovine lactoferrin market growth accompanied by average sale prices reduced by excessive capacity additions. However, gross volumes of bovine lactoferrin shot up in 2021 compared to 2020. This was facilitated by the fact that many players were producing and availing more products locally and internationally in the market.

The affordability of agricultural manufacturing procedures and the constant study of bovine lactoferrin's ability in cancer treatments contribute to the bovine lactoferrin market share. A fraction of success with regards to lactoferrin was shown in a 2021 study especially when it came to respiratory infections. Increased demand from the infant formula market stemming from the decline in breastfeeding rates in the Asia Pacific contributes to this market. Ongoing research on new indications and technological advancement is probably to improve product penetration in the market.

Further, China’s campaign to promote indigenously made products gradually strayed customers away from foreign brands including upgraded infant formulas in compliance with the new GB standards. Apart from its application in infant formulations, lactoferrin is applied in dietary supplements, foods and drugs. Prospective demand is being spurred by rising interest in natural supplements and a higher number of clinical trials in pharmaceuticals. New product launches in the digestion and immunity categories, alongside investment into research and development also drive the market.

Comprehensive Analysis of Bovine Lactoferrin Market

The bovine lactoferrin market and healthcare industry is growing exponentially and this growth can be attributed to the market segmentation. This market expansion offers essentially a comprehensive regional analysis as per the current supply and demand dynamics of the pharmaceutical sector. These segmentations are systematically separated by product and by application. The product includes, spray-dried and freeze-dried. The applications include, infant formula, pharmaceuticals, dietary supplements, food and others.

The Asia Pacific market was valued at USD 376.7 million in 2023 due to an increasing need for baby formula and nutritional supplements. The current trend of low breastfeeding rates has led to higher demand for infant formula hence leading to the implementation of lactoferrin as an additional boost to nutrition. The increasing consumption of lactoferrin as a complementary food used with breast milk is further boosting the market’s growth in the region.

The market of bovine lactoferrin and the healthcare sector is rapidly growing due to the segmentation of markets. These players include, MILEI GmbH (Germany), Bega Cheese Limited (Australia), Fonterra Co-operative Group Limited (New Zealand), FrieslandCampina (Netherlands), Beston Global Food Company Ltd (Australia), SAVENCIA SA (France), Saputo Dairy Australia Pty Ltd. (Australia), Noumi Limited (Australia), Synlait Ltd. (New Zealand), Glanbia PLC (Ireland) and Ingredia (France). These market players provide a level-playing competitive landscape.

In February 2023, Morinaga Milk Industry Co., Ltd. purchased shares of Le May Production, a company involved in the import and export of infant and toddler milk, aiming to enhance the nutritional infrastructure in Asia.

Segmentation Table

Global Bovine Lactoferrin Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 4.0% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Product, Application, and Region

By Product
  • Freeze-dried
    • Spray-dried
    By Application
  • Infant Formula
    • Dietary Supplements
    • Pharmaceiticals
    • Food
    • Others
    By Region
  • North America (By Product, Application, and Country)
    • U.S.
    • Canada
    • Europe (By Product, Application, and Country/Sub Region)
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Scandinavia
    • Rest of Europe
    • Asia Pacific (By Product, Application, and Country/Sub Region)
    • Japan
    • China
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
    • Latin America (By Product, Application, and Country/Sub Region)
    • Brazil
    • Mexico
    • Rest of Latin America
    • Middle East and Africa (By Product, Application, and Country/Sub Region)
    • South Africa
    • GCC
    • Rest of the Middle East & Africa


    1. Introduction
    1.1. Research Scope
    1.2. Market Segmentation
    1.3. Research Methodology
    1.4. Definitions and Assumptions
    2. Executive Summary
    3. Market Dynamics
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Market Trends
    4. Key Insights
    4.1. Technological Advancements
    4.2. Regulatory Scenario – For Key Countries
    4.3. Pricing Analysis, By Key Players
    4.4. Overview of Lactoferrin Description, Claim, Content on Packages
    4.5. Impact of COVID-19 on the Global Bovine Lactoferrin Market
    5. Global Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    5.1. Market Analysis, Insights and Forecast – By Product
    5.1.1. Freeze-dried
    5.1.2. Spray-dried
    5.2. Market Analysis, Insights and Forecast – By Application
    5.2.1. Infant Formula
    5.2.2. Dietary Supplements
    5.2.3. Pharmaceuticals
    5.2.4. Food
    5.2.5. Others
    5.3. Market Analysis, Insights and Forecast – By Region
    5.3.1. North America
    5.3.2. Europe
    5.3.3. Asia Pacific
    5.3.4. Latin America
    5.3.5. Middle East & Africa
    6. North America Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    6.1. Market Analysis, Insights and Forecast – By Product
    6.1.1. Freeze-dried
    6.1.2. Spray-dried
    6.2. Market Analysis, Insights and Forecast – By Application
    6.2.1. Infant Formula
    6.2.2. Dietary Supplements
    6.2.3. Pharmaceuticals
    6.2.4. Food
    6.2.5. Others
    6.3. Market Analysis, Insights and Forecast – By Country
    6.3.1. U.S.
    6.3.2. Canada
    7. Europe Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    7.1. Market Analysis, Insights and Forecast – By Product
    7.1.1. Freeze-dried
    7.1.2. Spray-dried
    7.2. Market Analysis, Insights and Forecast – By Application
    7.2.1. Infant Formula
    7.2.2. Dietary Supplements
    7.2.3. Pharmaceuticals
    7.2.4. Food
    7.2.5. Others
    7.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
    7.3.1. U.K.
    7.3.2. Germany
    7.3.3. France
    7.3.4. Italy
    7.3.5. Spain
    7.3.6. Scandinavia
    7.3.7. Rest of Europe
    8. Asia Pacific Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    8.1. Market Analysis, Insights and Forecast – By Product
    8.1.1. Freeze-dried
    8.1.2. Spray-dried
    8.2. Market Analysis, Insights and Forecast – By Application
    8.2.1. Infant Formula
    8.2.2. Dietary Supplements
    8.2.3. Pharmaceuticals
    8.2.4. Food
    8.2.5. Others
    8.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
    8.3.1. Japan
    8.3.2. China
    8.3.3. India
    8.3.4. Australia
    8.3.5. Southeast Asia
    8.3.6. Rest of Asia Pacific
    9. Latin America Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    9.1. Market Analysis, Insights and Forecast – By Product
    9.1.1. Freeze-dried
    9.1.2. Spray-dried
    9.2. Market Analysis, Insights and Forecast – By Application
    9.2.1. Infant Formula
    9.2.2. Dietary Supplements
    9.2.3. Pharmaceuticals
    9.2.4. Food
    9.2.5. Others
    9.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
    9.3.1. Brazil
    9.3.2. Mexico
    9.3.3. Rest of Latin America
    10. Middle East & Africa Bovine Lactoferrin Market Analysis, Insights and Forecast, 2019-2032
    10.1. Market Analysis, Insights and Forecast – By Product
    10.1.1. Freeze-dried
    10.1.2. Spray-dried
    10.2. Market Analysis, Insights and Forecast – By Application
    10.2.1. Infant Formula
    10.2.2. Dietary Supplements
    10.2.3. Pharmaceuticals
    10.2.4. Food
    10.2.5. Others
    10.3. Market Analysis, Insights and Forecast – By Country/ Sub-region
    10.3.1. South Africa
    10.3.2. GCC
    10.3.3. Rest of Middle East & Africa
    11. Competitive Analysis
    11.1. Global Market Share Analysis (2023)
    11.2. Company Profiles
    11.2.1. Glanbia PLC
    11.2.1.1. Overview
    11.2.1.2. Products
    11.2.1.3. SWOT Analysis
    11.2.1.4. Recent Developments
    11.2.1.5. Strategies
    11.2.1.6. Financials (Based on Availability)
    11.2.2. Fonterra Co-operative Group Limited
    11.2.2.1. Overview
    11.2.2.2. Products
    11.2.2.3. SWOT Analysis
    11.2.2.4. Recent Developments
    11.2.2.5. Strategies
    11.2.2.6. Financials (Based on Availability)
    11.2.3. FrieslandCampina
    11.2.3.1. Overview
    11.2.3.2. Products
    11.2.3.3. SWOT Analysis
    11.2.3.4. Recent Developments
    11.2.3.5. Strategies
    11.2.3.6. Financials (Based on Availability)
    11.2.4. MILEI GmbH
    11.2.4.1. Overview
    11.2.4.2. Products
    11.2.4.3. SWOT Analysis
    11.2.4.4. Recent Developments
    11.2.4.5. Strategies
    11.2.4.6. Financials (Based on Availability)
    11.2.5. Bega Cheese Limited
    11.2.5.1. Overview
    11.2.5.2. Products
    11.2.5.3. SWOT Analysis
    11.2.5.4. Recent Developments
    11.2.5.5. Strategies
    11.2.5.6. Financials (Based on Availability)
    11.2.6. Beston Global Food Company Ltd
    11.2.6.1. Overview
    11.2.6.2. Products
    11.2.6.3. SWOT Analysis
    11.2.6.4. Recent Developments
    11.2.6.5. Strategies
    11.2.6.6. Financials (Based on Availability)
    11.2.7. Saputo Dairy Australia Pty Ltd
    11.2.7.1. Overview
    11.2.7.2. Products
    11.2.7.3. SWOT Analysis
    11.2.7.4. Recent Developments
    11.2.7.5. Strategies
    11.2.7.6. Financials (Based on Availability)
    11.2.8. Synlait Ltd.
    11.2.8.1. Overview
    11.2.8.2. Products
    11.2.8.3. SWOT Analysis
    11.2.8.4. Recent Developments
    11.2.8.5. Strategies
    11.2.8.6. Financials (Based on Availability)
    11.2.9. Ingredia
    11.2.9.1. Overview
    11.2.9.2. Products
    11.2.9.3. SWOT Analysis
    11.2.9.4. Recent Developments
    11.2.9.5. Strategies
    11.2.9.6. Financials (Based on Availability)
    11.2.10. SAVENCIA SA
    11.2.10.1. Overview
    11.2.10.2. Products
    11.2.10.3. SWOT Analysis
    11.2.10.4. Recent Developments
    11.2.10.5. Strategies
    11.2.10.6. Financials (Based on Availability)
    11.2.11. Noumi Limited
    11.2.11.1. Overview
    11.2.11.2. Products
    11.2.11.3. SWOT Analysis
    11.2.11.4. Recent Developments
    11.2.11.5. Strategies
    11.2.11.6. Financials (Based on Availability)

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