North America Bovine Lactoferrin Market Size, Share & Trends Analysis Report By Application (Infant Formula, Dietary Supplements, Pharmaceutical, and Others), By Product Type (Freeze-dried and Spray-dried), By Function, By Country and Growth Forecast, 2023 - 2030
The North America Bovine Lactoferrin Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 81.6 Tonnes, showcasing a growth of 8.9% (2019-2022).
The robust scientific research backing the health benefits of bovine lactoferrin has played a pivotal role in driving its adoption. Studies highlighting its immune-regulating properties, antimicrobial effects, and role in iron absorption have instilled confidence among consumers and garnered the attention of healthcare professionals and formulators. This scientific validation has catalysed the integration of bovine lactoferrin into various products. Health professionals, including nutritionists, paediatricians, and general practitioners, have increasingly endorsed the inclusion of bovine lactoferrin in dietary plans. The recognition of its role in supporting the immune system, especially in vulnerable populations such as infants and older people, has led to healthcare practitioners recommending products containing bovine lactoferrin.
The adoption of bovine lactoferrin has been prominently observed in the functional food and beverage industry. Manufacturers recognize the potential of incorporating bovine lactoferrin into a broader range of products, including energy bars, yogurt, and beverages, to enhance their nutritional profiles. This diversification has widened the consumer base for bovine lactoferrin-containing products. The market has responded to consumer demands by diversifying product offerings that contain bovine lactoferrin. From traditional supplements to innovative formulations in functional foods and beverages, the diverse range of products has fuelled adoption across different demographics and consumer preferences.
According to the Centers for Disease Control and Prevention, six out of ten Americans suffer from at least one chronic condition, including diabetes, cancer, heart disease, or a stroke. The leading causes of death and disability in the US are these and other chronic disorders, dramatically raising healthcare costs. The prevalence of chronic diseases, including cardiovascular diseases, diabetes, and neurodegenerative conditions, continues to rise in America. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Bovine Lactoferrin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $138,024.6 Thousands by 2030. The Canada market is experiencing a CAGR of 10.5% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 9.5% during (2023 - 2030).
Based on Application, the market is segmented into Infant Formula, Dietary Supplements, Pharmaceutical, and Others. Based on Product Type, the market is segmented into Freeze-dried and Spray-dried. Based on Function, the market is segmented into Iron Absorption, Antibacterial, Immune Cell Stimulation and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Royal FrieslandCampina N.V.
- Fonterra Co-operative Group Limited
- Saputo, Inc.
- Glanbia PLC
- Noumi Limited
- Synlait Milk Limited
- MILEI GmbH (Morinaga Milk Industry Co., Ltd.)
- Bega Cheese Limited
- Beston Global Food Company Limited
- Savencia SA
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Infant Formula
- Dietary Supplements
- Pharmaceutical
- Others
- Freeze-dried
- Spray-dried
- Iron Absorption
- Antibacterial
- Immune Cell Stimulation
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Bovine Lactoferrin Market, by Application
- 1.4.2 North America Bovine Lactoferrin Market, by Product Type
- 1.4.3 North America Bovine Lactoferrin Market, by Function
- 1.4.4 North America Bovine Lactoferrin Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Bovine Lactoferrin Market
- Chapter 5. North America Bovine Lactoferrin Market by Application
- 5.1 North America Infant Formula Market by Country
- 5.2 North America Dietary Supplements Market by Country
- 5.3 North America Pharmaceutical Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Bovine Lactoferrin Market by Product Type
- 6.1 North America Freeze-dried Market by Country
- 6.2 North America Spray-dried Market by Country
- Chapter 7. North America Bovine Lactoferrin Market by Function
- 7.1 North America Iron Absorption Market by Country
- 7.2 North America Antibacterial Market by Country
- 7.3 North America Immune Cell Stimulation Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Bovine Lactoferrin Market by Country
- 8.1 US Bovine Lactoferrin Market
- 8.1.1 US Bovine Lactoferrin Market by Application
- 8.1.2 US Bovine Lactoferrin Market by Product Type
- 8.1.3 US Bovine Lactoferrin Market by Function
- 8.2 Canada Bovine Lactoferrin Market
- 8.2.1 Canada Bovine Lactoferrin Market by Application
- 8.2.2 Canada Bovine Lactoferrin Market by Product Type
- 8.2.3 Canada Bovine Lactoferrin Market by Function
- 8.3 Mexico Bovine Lactoferrin Market
- 8.3.1 Mexico Bovine Lactoferrin Market by Application
- 8.3.2 Mexico Bovine Lactoferrin Market by Product Type
- 8.3.3 Mexico Bovine Lactoferrin Market by Function
- 8.4 Rest of North America Bovine Lactoferrin Market
- 8.4.1 Rest of North America Bovine Lactoferrin Market by Application
- 8.4.2 Rest of North America Bovine Lactoferrin Market by Product Type
- 8.4.3 Rest of North America Bovine Lactoferrin Market by Function
- Chapter 9. Company Profiles
- 9.1 Royal FrieslandCampina N.V.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Geographical Expansions and Business Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Fonterra Co-operative Group Limited
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Saputo, Inc.
- 9.3.1 Company overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 SWOT Analysis
- 9.4 Glanbia PLC
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Noumi Limited
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental Analysis
- 9.6 Synlait Milk Limited
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 SWOT Analysis
- 9.7 MILEI GmbH (Morinaga Milk Industry Co., Ltd.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Geographical Expansions and Business Expansions:
- 9.7.5 SWOT Analysis
- 9.8 Bega Cheese Limited
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Product Launches and Product Expansions:
- 9.8.4.2 Acquisition and Mergers:
- 9.8.4.3 Geographical Expansions:
- 9.8.5 SWOT Analysis
- 9.9 Beston Global Food Company Limited
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Geographical Expansions and Business Expansions:
- 9.9.5 SWOT Analysis
- 9.10. Savencia SA
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Recent strategies and developments:
- 9.10.4.1 Acquisition and Mergers:
- 9.10.5 SWOT Analysis
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