Global Bovine Lactoferrin Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Lactoferrin is mainly found in bovine milk and in human body which helps in binding of iron. It is a product which helps to treat many diseases such as ulcers in intestine and stomachs and hepatitis C. Growing consumption of infant formula to compete the demand and regulatory changes regarding use of protein in infant formula are rising demand of these products are the factors which are driving the growth of Bovine Lactoferrin market. Furthermore, key market players are adopting new techniques to introduce specialized product which will be anticipating the growth of market in forecasted period. For instance: in 2019, Fonterra Co-operative group has decided to increase the production of lactoferrin by 10%, to compete with the demand from developing countries such as India, and China. However, high cost of lactoferrin products may impede market growth over the forecast period of 2021-2027.
Global Bovine Lactoferrin market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to recent approval of US FDA for use of lactoferrin in infant formula in the region. Whereas Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to increasing demand of bovine in pharmaceuticals products and infant products in the region.
Major market player included in this report are:
Saputo Dairy Australia Pty Ltd.
Fonterra Co-operative Group
Hilmar Cheese Company, Inc.
Murray Goulburn Co-operative Co. Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Bovine Lactoferrin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers