The Global Bovine Lactoferrin Market will grow at a CAGR of 12.7% and touch the estimated value of USD14.61 by 2028 as against its previous valuation of USD 0.60bn in 2020

The growing demand for dairy products is fueling the growth of the global bovine lactoferrin market. People are realizing the benefits of milk and its by-products such as lactoferrin, a protein found in cow’s milk that is touted to have numerous health benefits. As more people adopt an extensive dairy-based diet, the demand for dairy products has grown exponentially.

Growing Adoption of Veganism Drives the Bovine Lactoferrin Market

The bovine lactoferrin industry has been booming due to the growing prevalence of lactose-intolerant individuals, which is further paving the way for the adoption of a vegan diet. Furthermore, the growing concerns regarding food safety and antibiotics have also led to the increased demand for bovine lactoferrin.

Prevalence of Anaemia Bolsters the Iron Absorption Segment

Anaemia is also known to be associated with various other factors such as low ferritin levels, low intake of iron-rich foods, low intake of vitamin B12, low intake of folate, poor absorption, and poor storage of iron. Therefore, it is essential to maintain a healthy diet, increase intake of vitamin B12, and folate, and maintain a healthy lifestyle, which further would increase the demand for the bovine lactoferrin market in the coming years.

The increasing demand for dairy by-products is expected to fuel the growth of the global bovine lactoferrin market over the forecast period and beyond.

The major players in the bovine lactoferrin market include-

  • InVitria
  • Milei GmbH
  • MP Biomedicals
  • Pharming Group NV
  • FrieslandCamina
  • Synlait Milk Ltd.
  • Fonterra Cooperative Group Ltd.
  • Farbest Brands
  • MP Biomedicals
  • Tatura Milk Industries Ltd.
  • Glanbia plc
  • APS BioGroup
  • Hilmar Cheese Company

Function Outlook

  • Iron Absorption
  • Anti-inflammatory
  • Intestinal Flora Protection
  • Antibacterial
  • Immune Cell Stimulation
  • Antioxidant

Application Outlook

  • Food & Beverages
  • Infant Formula
  • Sports & Functional Foods
  • Pharmaceuticals
  • Personal Care Products
  • Animal Feed

Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Greece
  • The Netherlands

Asia Pacific

  • Japan
  • China
  • India

Latin America

  • Mexico
  • Brazil
  • Argentina

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE

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