Bovine Lactoferrin Market Size is Booming Worldwide with a Potential Growth Rate of 7.8% by 2031

Lactoferrin protein is found in body fluids such as human milk, animal milk and others. Colostrum, which is the first milk produced after birth, has higher levels of lactoferrin. Lactoferrin helps regulate iron absorption in the body and protects against bacterial, viral and fungal infections. Several key market players are collaborating to launch new products. For example, in March 2022, the University of Michigan and Glanbia Plc. Research and development teamed up to study the antiviral properties of cow's milk proteins against SARS-CoV-2 variants. Additionally, in October 2019, the American Dairy Cooperative United Dairymen of Arizona (UDA) partnered with Friesland Campina, a leader in bovine lactoferrin, to increase lactoferrin production. This association has the capacity to produce 10 tons of lactoferrin per year and both companies hope this can be an opportunity for future collaborations.

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.

Request a Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/17482

• CAGR: 7.8 %
• Current Market Size: USD 353.3 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2022 - 2031
• Base Year: 2022

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: -.

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.

Speak to our Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/17482

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.

Key Benefits for Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bovine lactoferrin market analysis from 2021 to 2031 to identify the prevailing bovine lactoferrin market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the bovine lactoferrin market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global bovine lactoferrin market trends, key players, market segments, application areas, and market growth strategies.

Know More: https://www.alliedmarketresearch.com/bovine-lactoferrin-market-A17094

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com

Alied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.