Bovine Lactoferrin Market Size to Grow Beyond Linear Progression at a CAGR of 7.8% By 2031 | Allied Market Research

According to the report published by Allied Market Research, The global Bovine Lactoferrin Market size was USD 353.3 million in 2021 and is predicted to grow to USD 750.9 million by 2031, with a CAGR of 7.8% during the period 2022-2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

escalating demand for nutritional food, growing demand for convenient feeding, and lactoferrin's potency in treating skin disorders including acne and its use in pharmaceutical & personal care products, antibacterial, anti-viral and anti-inflammatory purposes drive the growth of the global bovine lactoferrin market.

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Covid-19 Scenario:

• The outbreak of the COVID-19 pandemic had a positive impact on the growth of the bovine lactoferrin market.
• Certain application segments witnessed a growing demand and adoption of bovine lactoferrin due to the rise in awareness among consumers regarding the clinical efficacy of the ingredient in boosting immunity.
• Recent studies also indicated that bovine lactoferrin can be used in the treatment for the management of coronavirus disease.

Key Players of Global Bovine Lactoferrin Market Report-

• Bega Cheese Limited
• Beston Global Food Company Ltd
• Fonterra Co-operative Group Limited
• Glanbia Plc
• Inner Mongolia Yili Industrial Group Co., Ltd
• Jarrow Formulas, Inc
• La Prosperite Fermiere Societe Cooperative Agricole
• Morinaga Co., Ltd
• Noumi Limited
• Nutriscience Innovations, LLC
• Oskia Skincare Ltd
• Royal Friesland Campina N.V
• Savencia SA
• Synlait Milk Ltd
• Saputo, Inc
• Tatua Co-Operative Dairy Company, Ltd
• US Clinicals

Global Bovine Lactoferrin Market Segmentation: -

The report offers detailed segmentation of the global bovine lactoferrin market based on product type, application, function, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on product type, the freeze dried powder segment held the largest share in 2021, contributing to nearly four-fifths of the global bovine lactoferrin market, and is likely to maintain its leadership status during the forecast period. Moreover, the spray dried powder segment is expected to manifest the highest CAGR of 8.3% from 2022 to 2031.

Based on application, the infant nutrition segment held the largest share in 2021, accounting for around two-fifths of the global bovine lactoferrin market, and would rule the roost through 2031.

Based on function, the iron absorption segment was the largest in 2021, accounting for nearly two-fifths of the global bovine lactoferrin market, and is likely to maintain its leadership status during the forecast period. The immune cell stimulation segment, on the other hand, is expected to manifest the highest CAGR of 8.5% from 2022 to 2031.

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Based on region, the market in North America was the largest in 2021, accounting for more than one-third of the global bovine lactoferrin market, and is likely to maintain its leadership status during the forecast period. However, the Asia-Pacific market is expected to manifest the highest CAGR of 8.5% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.

By Region Outlook

• North America
(U.S., Canada, Mexico)

• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)

• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)

• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• How big is the global & regional market in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• Which region has more opportunities?

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