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Global Bovine Lactoferrin Market Share, Size, Growth, Research: By Product: Freeze Dried and Milled, Spray Dried Powder; By Application: Infant Formula, Pharmaceuticals, Dietary Supplements, Food, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028
Global Bovine Lactoferrin Market Outlook
The global bovine lactoferrin market is estimated to expand at a CAGR of 12.1% during the period 2023-2028. Uses of lactoferrin in the nutrition domain, particularly infant nutrition and food supplements, are likely to push market growth. Lactoferrin also has uses in the health and beauty sectors. There are other potential novel applications. Asia, Europe and North America are expected to be significant markets.
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Applications in Health, Nutrition and Food Supplements Expected to Stimulate Market Growth
Lactoferrin is a protein that occurs in human milk and cow milk. Colostrum (the first milk generated after the birth of a baby) carries elevated lactoferrin levels. Lactoferrin is also present in liquids in the eye, nose, respiratory tract, intestine, and other sites. Lactoferrin is employed as medicine to treat conditions such as stomach and intestinal ulcers, diarrhoea, and hepatitis C. It also has antioxidant uses against viral and bacterial infections. Further, it is used to strengthen the immune system, avert damage of tissue associated with ageing, encourage healthy bacteria in the intestine, inhibit cancer, and control the body’s processing of iron. Lactoferrin also suggested to be linked with control of bone marrow function (myelopoiesis); it is indicated that lactoferrin helps enhance the body’s immune system. Such uses are expected to drive the global bovine lactoferrin market.
Nutraceutical and Potential Therapeutic Applications Likely to Boost Market Growth
Bovine lactoferrin is the primary lactoferrin used in medicines for humans owing to easy availability; the United States Food and Drug Administration classified it as a food additive generally recognized as safe (GRAS). The nutraceutical protein exhibits multiple protective actions, such as anti-inflammatory, antianemic, immunomodulatory, antimicrobial, anticancer and antioxidant. Such actions highlight the significance of lactoferrin, making it a good nutraceutical product for economic production as well as its tolerance post ingestion. Lactoferrin is suggested to have significant potential prophylactic and therapeutic applications. Such applications are expected to drive the global bovine lactoferrin market.
While lactoferrin is a nutraceutical element employed as food supplement to be consumed by humans, it has applications in veterinary medicine; it has been suggested that lactoferrin has uses as microbiostatic, microbicide, modulator, microbiota or immunostimulant. Being easily produced and commercialized across the globe, bovine lactoferrin is very common in animal production study. Further, dispensing bovine lactoferrin to chicken, pigs and dairy cattle showed many bodily changes that might influence the way the immune system behaves, iron homeostasis and microbiota status; doing so could enhance resistance to pathogens and enhance growth performance in certain circumstances.
Lactoferrin Has Uses in Oral Hygiene
Lactoferrin enables iron to act as a bacteriostatic agent; it decreases the number of freely available ferric ions, preventing bacterial development and associated problems like bad breath, dental caries and tartar.
Market Segmentation
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On the basis of product, the market is segmented into:
- Freeze Dried and Milled
- Spray Dried Powder
By application, the market is classified into:
- Infant Formula
- Pharmaceuticals
- Dietary Supplements
- Food
- Others
On the basis of region, the market is segmented into:
- Europe
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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Key Industry Players in the Market
The report offers a comprehensive assessment of major players in the global bovine lactoferrin market, evaluating their capacity, and monitoring newest developments like plant turnarounds, capacity expansions, and mergers and acquisitions; key market players include:
- Fonterra Co-Operative Group Limited
- Lee BioSolutions
- Glanbia Plc
- Bega Cheese Limited.
- Saputo Inc.
- Others
The EMR report offers deep insights into the industry through Porter’s Five Forces model and a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bovine Lactoferrin Market Analysis
8.1 Key Industry Highlights
8.2 Global Bovine Lactoferrin Historical Market (2018-2022)
8.3 Global Bovine Lactoferrin Market Forecast (2023-2028)
8.4 Global Bovine Lactoferrin Market by Product
8.4.1 Freeze Dried and Milled
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Spray Dried Powder
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Bovine Lactoferrin Market by Application
8.5.1 Infant Formula
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Dietary Supplements
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Food
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Bovine Lactoferrin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Bovine Lactoferrin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Bovine Lactoferrin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Bovine Lactoferrin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
15.2 Japan
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Bovine Lactoferrin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Bovine Lactoferrin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Fonterra Co-Operative Group Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Lee BioSolutions
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Glanbia Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bega Cheese Limited.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Saputo Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bovine Lactoferrin Market: Key Industry Highlights, 2018 and 2028
2. Global Bovine Lactoferrin Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Bovine Lactoferrin Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Bovine Lactoferrin Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Bovine Lactoferrin Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Bovine Lactoferrin Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Bovine Lactoferrin Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Bovine Lactoferrin Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Bovine Lactoferrin Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Bovine Lactoferrin Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Bovine Lactoferrin Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Bovine Lactoferrin Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Bovine Lactoferrin Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Bovine Lactoferrin Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Bovine Lactoferrin Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Bovine Lactoferrin Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Bovine Lactoferrin Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Bovine Lactoferrin Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 12.1% in the forecast period of 2023-2028.
The major market drivers are the increasing uses of lactoferrin in the nutrition sector, especially in infant nutrition and food supplements, and the surging demand for the product in the health and beauty sectors.
The key market trends include growing awareness among customers about diet and health and the increasing prevalence of skin-related health conditions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products of bovine lactoferrins in the market include freeze dried and milled and spray dried powder.
The product finds applications in infant formula, pharmaceuticals, dietary supplements, and food, among others.
The major players in the market are Fonterra Co-Operative Group Limited, Lee BioSolutions, Glanbia Plc, Bega Cheese Limited., and Saputo Inc., among others.
Bovine lactoferrin is a protein found in cow milk and human milk.
Lactoferrin aids regulate the absorption of iron in the intestine and delivery of iron to the cells.
Yes, lactoferrin can be potentially utilised as a natural antibiotic in human and veterinary medicine.
Lactoferrin encourages the growth of beneficial bacteria with low iron requirements, like Bifidobacterium and Lactobacillus.
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