Global Bovine Lactoferrin Market Growth 2023-2029

Global Bovine Lactoferrin Market Growth 2023-2029

The Bovine Lactoferrin industry can be broken down into several segments, Freeze Dried and Milled, Spay Dried Powder, etc.

Across the world, the major players cover Fonterra Group, Bega Cheese, etc.

Lactoferrin (LF), also known as lactotransferrin (LTF), is a multifunctional protein of the transferrin family. Lactoferrin is a globular glycoprotein with a molecular mass of about 80 kDa that is widely represented in various secretory fluids, such as milk, saliva, tears, and nasal secretions. Lactoferrin is also present in secondary granules of PMN and is secreted by some acinar cells. Lactoferrin can be purified from milk or produced recombinantly. Human colostrum ("first milk") has the highest concentration, followed by human milk, then cow milk (150 mg/L).

Lactoferrin is one of the components of the immune system of the body; it has antimicrobial activity (bacteriocide, fungicide) and is part of the innate defense, mainly at mucoses. This multi-functional characteristic of lactoferrin has seen its use increase enormously in the last 10 years and now includes mainstream foods and nutraceutical products including infant formula, dietary supplements, dairy, beverages, oral care, skin care and pet food.

LPI (LP Information)' newest research report, the “Bovine Lactoferrin Industry Forecast” looks at past sales and reviews total world Bovine Lactoferrin sales in 2022, providing a comprehensive analysis by region and market sector of projected Bovine Lactoferrin sales for 2023 through 2029. With Bovine Lactoferrin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bovine Lactoferrin industry.

This Insight Report provides a comprehensive analysis of the global Bovine Lactoferrin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bovine Lactoferrin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bovine Lactoferrin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bovine Lactoferrin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bovine Lactoferrin.

The global Bovine Lactoferrin market size is projected to grow from US$ 522.4 million in 2022 to US$ 718.9 million in 2029; it is expected to grow at a CAGR of 718.9 from 2023 to 2029.

Global Bovine Lactoferrin key players include Fonterra Group, Synlait Milk, FrieslandCampina (DMV), Bega Cheese, etc. Global top four manufacturers hold a share over 35%.

Asia-Pacific is the largest market, with a share about 75%, followed by Europe, and North America, both have a share about 20 percent.

In terms of product, Freeze Dried and Milled is the largest segment, with a share nearly 85%. And in terms of application, the largest application is Infant Formula, followed by Dietary Supplements, Pharmaceutical, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Bovine Lactoferrin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Freeze Dried And Milled

Spay Dried Powder

Segmentation by application

Infant Formula

Dietary Supplements

Pharmaceutical

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Fonterra Group

Synlait Milk

FrieslandCampina (DMV)

Bega Cheese

Tatua

Westland Milk (Yili Group)

Saputo

Milei Gmbh

Glanbia Nutritionals

Ingredia Nutritional

Hilmar Cheese Company, Inc.

ARMO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bovine Lactoferrin market?

What factors are driving Bovine Lactoferrin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bovine Lactoferrin market opportunities vary by end market size?

How does Bovine Lactoferrin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.