Global Bovine Lactoferrin Market 2024-2028
The bovine lactoferrin market is forecasted to grow by USD 828.31 mn during 2023-2028, accelerating at a CAGR of 15.6% during the forecast period. The report on the bovine lactoferrin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of working women and nuclear families, increase in number of mothers with lower milk supply, and high demand for bovine lactoferrin formulas from mothers of twins, triplets, or more infants.
Technavio's bovine lactoferrin market is segmented as below:
By Application
- Infant nutrition
- Dietary supplement
- Others
By Product Type
- Freeze dried powder
- Spray dried powder
By Geographical Landscape
- Asia
- Europe
- North America
- Rest of World (ROW)
This study identifies the expansion of bovine lactoferrin production facilities as one of the prime reasons driving the bovine lactoferrin market growth during the next few years. Also, new product launches related to bovine lactoferrin by market vendors and expanding organized retail landscape will lead to sizable demand in the market.
The report on the bovine lactoferrin market covers the following areas:
- Bovine lactoferrin market sizing
- Bovine lactoferrin market forecast
- Bovine lactoferrin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bovine lactoferrin market vendors that include Bega Cheese Ltd., Beston Global Food Co. Ltd., Biostrum, Cure Nutraceutical PVT. LTD., Fonterra Cooperative Group Ltd., Glanbia plc, Jarrow Formulas Inc., KAVYA PHARMA, Lactoferrin Co., Leppington Pastoral Co., Merck KGaA, Modilac, Morinaga Milk Industry Co. Ltd., Nuchev, Oskia Skincare Ltd., Oy Medix Biochemica Ab, Royal FrieslandCampina NV, Saputo Inc., Savencia SA, TurtleTree, US CLINICALS, and Valfoo Asia Pacific Ltd.. Also, the bovine lactoferrin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.