Global Bovine Lactoferrin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bovine Lactoferrin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bovine lactoferrin (bLF) is a protein that occurs naturally in cow’s milk. It is an iron-binding glycoprotein of approximately 77 kDa and consists of a single polypeptide chain of 689 amino acids.

bLF is isolated from skimmed milk via ion exchange and subsequent ultra-filtration steps. Finally, it is dried by spraying and large particles are sieved out.

Market Overview:

The latest research study on the global Bovine Lactoferrin market finds that the global Bovine Lactoferrin market reached a value of USD 152.8 million in 2022. It’s expected that the market will achieve USD 219.58 million by 2028, exhibiting a CAGR of 6.23% during the forecast period.

Market Drivers
of Bovine Lactoferrin
North America, Europe, China, India, South America, Korea

Lactoferrin has antibacterial, antibacterial, antiviral, anti-oxidant and immune regulation effects, and can be used to develop new health foods and green feed additives.

In developing regions, with their development of economy and technology, increase awareness of health food, and the improvement of people’s living standards, bovine lactoferrin has a huge potential market in the future.

Opportunities

More opportunity in food industry

With the progress in science and technology, investment in funds, improvement of the health awareness, and the variety of physiologically active functions, Bovine Lactoferrins have been widely used in dairy products and foods, and there will be a prospect development in the future.

Emerging countries

For example, China, India have the largest population in the world, with the progress of economy, the advanced awareness of health, the higher living standards, the market of Bovine Lactoferrins has great market potential.

Region Overview:

In 2021, the share of the Bovine Lactoferrin market in Europe stood at 28.68%.

Company Overview:

FrieslandCampina (DMV) is one of the major players operating in the Bovine Lactoferrin market, holding a share of 8.01% in 2020.

FrieslandCampina (DMV)

Koninklijke FrieslandCampina N.V. produces dairy foods. The Company manufactures gouda, edam and cheeses, as well as long shelf-life dairy products, milk, buttermilk, yogurt, custard, fruit juices, fruit-based drinks, cream products, sauce bases, fillings, ice cream, milkshake mixes, desserts, and butter. Koninklijke FrieslandCampina N.V. serves consumers worldwide.

Fonterra Group

Fonterra Co-operative Group Limited, together with its subsidiaries, collects, manufactures, and sells milk and milk derived products.

Segmentation Overview:

Among different product types, Freeze-drying segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Infant Formula segment occupied the biggest share from 2017 to 2022.

Infant Formula

Infant formula, or baby formula, is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder or liquid.

Dietary Supplements

A dietary supplement is a manufactured product intended to supplement the diet when taken by mouth as a pill, capsule, tablet, or liquid.

Pharmaceutical

The pharmaceutical industry is the commercial industry that discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as different types of medicine and medications.

Key Companies in the global Bovine Lactoferrin market covered in Chapter 3:

Glanbia Nutritionals
Fonterra Group
Tatua
Milei Gmbh
WCB
Bega Cheese
FrieslandCampina (DMV)
Westland Milk
Ingredia Nutritional
Murray Goulburn
Synlait Milk

In Chapter 4 and Chapter 14.2, on the basis of types, the Bovine Lactoferrin market from 2018 to 2029 is primarily split into:

Freeze-drying
Spray drying

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bovine Lactoferrin market from 2018 to 2029 covers:

Infant Formula
Dietary Supplements
Pharmaceutical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)