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Global Bovine Lactoferrin Market By Product Type (Spray dried powder and Freeze-dried powder) By Function (Immune cell stimulation, Iron absorption, Antibacterial, and Others) By Application (Dietary supplement, Infant nutrition, and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 16668 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Bovine Lactoferrin Market?

  • The freeze-dried powder product type segment accounted for the largest share of the global market in 2022 owing to the higher proportion of antioxidant properties, extended shelf-life, and high iron binding potential.
  • In 2022, the infant nutrition application segment was expected to command a large revenue share of the global bovine lactoferrin market. Clinical benefits of these products, such as improved immunity and digestion in infants, are driving the adoption of bovine lactoferrin in infant nutrition formula and contributing to segment growth.
  • The iron absorption function segment accounted for most of the bovine lactoferrin market revenue share in 2022. Anemia is caused by iron deficiency, which affects roughly 30% of the world’s population. The segment’s expansion can be attributed to its exceptional benefits for anemic people and pregnant women.

What is the Market Size of Bovine Lactoferrin regarding value?

The global bovine lactoferrin market is anticipated to grow at a substantial CAGR of 16.2% in the upcoming years. The Global Bovine Lactoferrin industry was estimated to be worth USD 621.6 million in 2022 and was expected to be worth USD 1778.09 million by 2028.

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Which region dominated the bovine lactoferrin market?

North America is expected to have a significant global bovine lactoferrin market share in 2022, owing to the region’s significantly increasing consumption of dietary supplements, which is backed up by rising fitness and health awareness among individuals. For instance, until 2020, about 75% of American adults consumed dietary supplements. Additionally, the region is home to significant producers of bovine lactoferrin, who have a significant impact on the market. Furthermore, an increase in clinical trials, coupled with increased usage of infant formula as a result of the FDA’s recent approval, and a significant increase in the ratio of specialty shops are some additional factors that are expected to drive market growth further in the region over the projected time frame.

How is US Market Performing in the Bovine Lactoferrin Market?

North America presently leads the global bovine lactoferrin market, with the United States capturing the largest revenue share. The rising prevalence of digestive problems has increased product demand throughout the country. Additionally, a rise in the number of specialty shops, hypermarkets, supermarkets, and incentive-based marketing programs adopted by brand owners to increase their sales are anticipated to support the growth of the bovine lactoferrin market in the ensuing years. Furthermore, the presence of key market players in the country implementing various marketing initiatives and strategies, including branding, to broaden business reach propels the bovine lactoferrin market forward.

How is the economy impacting global bovine lactoferrin growth?

Bovine lactoferrin market participants are expected to sail in rough waters in 2022 and 2023, potentially incurring losses due to a large gap in currency translation, followed by contracting revenues, depleting profit margins, and cost pressure on the supply chain and logistics. Furthermore, the US economy is only expected to grow by 3% in 2023. However, the US FDA recently approved the use of lactoferrin in infant formula.

Bovine Lactoferrin Market

What is the competitive environment of the bovine lactoferrin market?

The industry’s market is currently semi-consolidated, with key players like MILEI GmbH, Beston Global Food Company Ltd, and Bega Cheese Ltd expected to hold the majority of the market share for bovine lactoferrin by 2023. These players will benefit greatly from their strong brand image and global distribution network over the upcoming years. Currently, most market participants focus on capacity expansion to close the bovine lactoferrin demand-supply gap. For instance, Beston Global Food Company Ltd announced in June 2021 that its Jervois dairy factory in Australia increased its capacity to manufacture up to 25 metric tonnes of 95.0% pure bovine lactoferrin per year. Similarly, FrieslandCampina DOMO announced in September 2020 that it would begin expanding its lactoferrin production capacity in Veghel, Netherlands, to 70 MT by the end of 2022 to keep up with the growing demand for the substance. The company is nearing the completion of its plant, and it is expected to produce the required quantity by 2023.

Executive Summary

What are the key trends in the Bovine Lactoferrin market?

  • Growing global demands for dietary supplements: Dietary supplements are additives used to supplement the diet with essential nutrients or to lower the risk of certain health problems. Dietary supplements are a well-balanced mix of vitamins, minerals, amino acids, and enzymes. People are increasingly consuming dietary supplements to meet their nutritional needs as they provide adequate nutrition. Additionally, bovine lactoferrin is a source of crucial nutrients for the human body and is a component of the dietary supplements predicted to fuel market expansion. For example, dietary supplements are used by 40% to 56% of adults in developed countries.

What are all the technical developments in the bovine lactoferrin market?

Introducing a low-cost bovine lactoferrin manufacturing process will drive global market growth. Currently, a few technology-oriented companies are focusing on introducing a more cost-effective method of manufacturing these products. For instance, Conagen Inc developed a lactoferrin manufacturing process that is both efficient and affordable in April 2020 with microbial fermentation technology. Besides, several researchers are working to determine the efficacy of this ingredient in cancer treatment via targeted drug delivery. For example, in April 2021, scientists from the University of Strathclyde presented that gold nanocages containing lactoferrin are extremely promising gene delivery systems for prostate tumor treatment and can be further investigated either alone or in conjunction with other cancer therapies.

Which are the key investments by the bovine lactoferrin market players?

Manufacturers focus on understanding consumer purchasing patterns to meet ever-changing demands. The clinical and operational advantages of the freeze-drying technique have compelled market participants to adopt the lactoferrin manufacturing technique. Bovine lactoferrin is also in high demand due to its benefits, which include minimal effects on protein denaturation, improved quality & purity of the finished product, and better stability. Experiments and research studies reinforce the benefits of bovine lactoferrin in various applications, which are expected to drive its demand in the coming years. Massive investments in product research and development related to its impacts on human health will bode well for the overall market’s growth in the coming years.

Some major players in the bovine lactoferrin market are Glanbia Plc, Bega Cheese Ltd, Beston Global Food Company Ltd, Fonterra Co-Operative Group Ltd, Jarrow Formulas Inc, Inner Mongolia Yili Industrial Group Co. Ltd, La Prosperite Fermiere Societe Cooperative Agricole (Ingredia Nutritional), Morinaga & Co. Ltd, Nutriscience Innovations LLC, Oskia Skincare Ltd, Noumi Ltd (Freedom Foods Pty Ltd), Royal Friesland Campina N.V., Synlait Milk Ltd, Savencia Sa (Armor Proteins), Saputo Inc (Saputo Dairy Australia Pty Ltd), Tatua Co-Operative Dairy Company Ltd, and US Clinicals.

What are the Major Driving Factors for the Bovine Lactoferrin Market?

Increased demand for dietary supplements globally and rising demand for nutritional foods are expected to drive the growth of the bovine lactoferrin market. Rapidly expanding demand for convenient feeding has prompted infant food manufacturers to provide nutrient-rich supplements to meet the growing number of working mothers worldwide. Numerous clinical studies have also shown how effective lactoferrin is at treating skin conditions like acne and how it can be used in pharmaceutical and personal care products for antibacterial, antiviral, and anti-inflammatory properties. Many market participants are introducing new products to boost the bovine lactoferrin demand. It strengthens the body’s immune system to combat acute respiratory infections. Moreover, many major players actively develop cost-effective and affordable manufacturing techniques, indicating a profitable bovine lactoferrin market expansion opportunity.

What are the Major Risks for the Bovine Lactoferrin Market?

Despite the rising demand for lactoferrin in personal hygiene products, infant formulas, and dietary supplements, the high cost of products containing bovine lactoferrin is expected to limit global market growth. The purity factor determines the higher price density. The higher the proportion of purity, the higher the price, which can range from two to five times. As a result, this significant factor is expected to impede the expansion of the bovine lactoferrin market for the forecast period.

Which is the key application in the bovine lactoferrin market?

The infant nutrition application segment is expected to dominate the global bovine lactoferrin market in the upcoming years. The growing number of clinical studies promoting infant formula integration with bovine lactoferrin and shifting consumer attitudes toward supplemental infant foods are expected to increase demand for infant nutrition. The developed economies account for most of the demand for infant nutrition due to their high disposable income levels, demanding work schedules, and rising rates of infant iron deficiency. Since lactoferrin can help reduce iron deficiency, many people, particularly children, and pregnant women need iron to combat the anemic problem. According to the WHO, 40% of pregnant women and 42% of children under five worldwide suffer from anemia.

How is the bovine lactoferrin market performing in regions?

The market for bovine lactoferrin is expected to grow at the fastest rate in the Asia-Pacific region over the projected period. The market’s expansion can be attributed to the dynamically increasing demand for infant formula owing to the declining breastfeeding ratio, followed by the growing demand for dietary supplements to obtain an increased amount of nutritional benefit among the people in this region. For example, Asia pacific has the highest supplement usage, followed by the United States, as nearly 45% of Asians reported using dietary supplements. Revenue growth in the region, led by China, India, and Japan, can be attributed to increased population and consumer purchasing power.

What is the regulatory landscape for the bovine lactoferrin market?

The laws governing lactoferrin vary between nations. This scenario causes consternation among industry participants. The market is affected by frequent rule changes, and businesses must adapt to these changes. Lactoferrin needs a formal definition in many countries, making it difficult for industry participants to obtain product approval. However, the global expansion of the infant and sports nutrition sectors, of which bovine lactoferrin is a part, has resulted in significant development. For example, Synlait Ltd received FDA approval in April 2018 to export lactoferrin to the United States for infant and toddler formula use. Thus, regulatory changes regarding the use of protein as an added ingredient in infant formula play a role in the rising demand for these products in global markets.

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What are the major players planning for the future of the bovine lactoferrin market?

The bovine lactoferrin market has experienced recent growth primarily driven by ongoing advancements in the product and an increase in the number of variants introduced by major corporations. The growing focus by key players on optimizing lactoferrin manufacturing has resulted in the introduction of new production techniques, which then provide advanced products to the market. Companies operating in the global bovine lactoferrin market are making significant investments in the R&D of new products and technologies, which is anticipated further to fuel the global market expansion in the forecasted period.

REPORT ATTRIBUTE DETAILS
Bovine Lactoferrin Market by Volume Yes
Bovine Lactoferrin Market by Value Yes
Bovine Lactoferrin Market, Tornado Analysis Yes
Bovine Lactoferrin Market, STAR Analysis Yes
Bovine Lactoferrin Market, SRC Analysis Yes
Bovine Lactoferrin Market, Import-Export Data Yes (On Demand)
Bovine Lactoferrin Market Pricing Analysis Yes (On Demand)
Bovine Lactoferrin Market Segment Analysis By Product Type (Spray dried powder and Freeze-dried powder)

By Function (Immune cell stimulation, Iron absorption, Antibacterial, and Others)

By Application (Dietary supplement, Infant nutrition, and Others)

Bovine Lactoferrin Market, Regional Analysis North America (US and Canada)

Europe (UK, Germany, France, Spain, Italy, and the Rest of Europe)

Asia Pacific (India, China, South Korea, Japan, South East Asia, and the Rest of Asia Pacific)

Latin America (Mexico, Brazil, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Bovine Lactoferrin Market Key Companies Glanbia Plc, Bega Cheese Ltd, Beston Global Food Company Ltd, Fonterra Co-Operative Group Ltd, Jarrow Formulas Inc, Inner Mongolia Yili Industrial Group Co. Ltd, La Prosperite Fermiere Societe Cooperative Agricole (Ingredia Nutritional), Morinaga & Co. Ltd, Nutriscience Innovations LLC, Oskia Skincare Ltd, Noumi Ltd (Freedom Foods Pty Ltd), Royal Friesland Campina N.V., Synlait Milk Ltd, Savencia Sa (Armor Proteins), Saputo Inc (Saputo Dairy Australia Pty Ltd), Tatua Co-Operative Dairy Company Ltd, US Clinicals
Bovine Lactoferrin Market Competitive Landscape Competitive Benchmarking

Market Share Analysis

Geographical Presence Analysis

Key Players Market Positioning

Major Strategies Adopted

Segmentation of Global Bovine Lactoferrin Market-

Global Bovine Lactoferrin Market – By Product Type

  • Spray dried powder
  • Freeze-dried powder

Global Bovine Lactoferrin Market – By Application

  • Dietary supplement
  • Infant nutrition
  • Others

Global Bovine Lactoferrin Market – By Function

  • Iron absorption
  • Immune cell stimulation
  • Antibacterial
  • Others

Global Bovine Lactoferrin Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Bovine Lactoferrin Market
2.2. Global Bovine Lactoferrin Market, By Product Type
2.3. Global Bovine Lactoferrin Market, By Function
2.4. Global Bovine Lactoferrin Market, By Application
2.5. Global Bovine Lactoferrin Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Bovine Lactoferrin Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product Type
3.5.2. Function
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Bovine Lactoferrin Market
7.1. Global Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Bovine Lactoferrin Market, By Product Type, 2022 vs 2030 (in%)
7.1.3. Global Bovine Lactoferrin Market, By Spray dried powder, 2017-2030 (US$ Bn)
7.1.4. Global Bovine Lactoferrin Market, By Freeze-dried powder, 2017-2030 (US$ Bn)
7.2. Global Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Bovine Lactoferrin Market, By Function, 2022 vs 2030 (in%)
7.2.3. Global Bovine Lactoferrin Market, By Iron absorption, 2017-2030 (US$ Bn)
7.2.4. Global Bovine Lactoferrin Market, By Immune cell stimulation, 2017-2030 (US$ Bn)
7.2.5. Global Bovine Lactoferrin Market, By Antibacterial, 2017-2030 (US$ Bn)
7.2.6. Global Bovine Lactoferrin Market, By Others, 2017-2030 (US$ Bn)
7.3. Global Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
7.3.1. Overview
7.3.2. Global Bovine Lactoferrin Market, By Application, 2022 vs 2030 (in%)
7.3.3. Global Bovine Lactoferrin Market, By Dietary supplement, 2017-2030 (US$ Bn)
7.3.4. Global Bovine Lactoferrin Market, By Infant nutrition, 2017-2030 (US$ Bn)
7.3.5. Global Bovine Lactoferrin Market, By Others, 2017-2030 (US$ Bn)

8. North America Bovine Lactoferrin Market Analysis
8.1. North America Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.1.2. U.S. Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
8.4.1.3. U.S. Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
8.4.1.4. U.S. Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.2.2. Canada Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
8.4.2.3. Canada Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
8.4.2.4. Canada Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)

9. Europe Bovine Lactoferrin Market Analysis
9.1. Europe Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.1.2. Germany Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.1.3. Germany Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.1.4. Germany Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.2.2. France Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.2.3. France Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.2.4. France Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.3.2. UK Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.3.3. UK Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.3.4. UK Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.4.2. Italy Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.4.3. Italy Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.4.4. Italy Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.5.2. Spain Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.5.3. Spain Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.5.4. Spain Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.6.2. Rest of Europe Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
9.4.6.3. Rest of Europe Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
9.4.6.4. Rest of Europe Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Bovine Lactoferrin Market Analysis
10.1. Asia Pacific Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.1.2. China Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.1.3. China Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.1.4. China Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.2.2. Japan Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.2.3. Japan Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.2.4. Japan Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.3.2. India Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.3.3. India Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.3.4. India Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.4.2. South Korea Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.4.3. South Korea Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.4.4. South Korea Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.5.2. South-East Asia Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.5.3. South-East Asia Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.5.4. South-East Asia Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)

11. Latin America Bovine Lactoferrin Market Analysis
11.1. Latin America Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.1.2. Brazil Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
11.4.1.3. Brazil Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
11.4.1.4. Brazil Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.2.2. Mexico Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
11.4.2.3. Mexico Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
11.4.2.4. Mexico Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Bovine Lactoferrin Market Analysis
12.1. Middle East and Africa Bovine Lactoferrin Market, by Product Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Bovine Lactoferrin Market, by Function, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Bovine Lactoferrin Market, by Application, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.1.2. GCC Countries Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
12.4.1.3. GCC Countries Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
12.4.1.4. GCC Countries Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.2.2. South Africa Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
12.4.2.3. South Africa Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
12.4.2.4. South Africa Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Bovine Lactoferrin Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Bovine Lactoferrin, By Product Type, 2017-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Bovine Lactoferrin, By Function, 2017-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Bovine Lactoferrin, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. Bega Cheese Ltd
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Beston Global Food Company Ltd
13.3. Fonterra Co-Operative Group Ltd
13.4. Glanbia Plc
13.5. Inner Mongolia Yili Industrial Group Co. Ltd
13.6. Jarrow Formulas Inc
13.7. La Prosperite Fermiere Societe Cooperative Agricole (Ingredia Nutrional)
13.8. Morinaga & Co. Ltd
13.9. Noumi Ltd (Freedom Foods Pty Ltd)
13.10. Nutriscience Innovations Llc
13.11. Oskia Skincare Ltd
13.12. Royal Friesland Campina N.V.
13.13. Savencia Sa (Armor Proteines)
13.14. Synlait Milk Ltd
13.15. Saputo Inc (Saputo Dairy Australia Pty Ltd)
13.16. Tatua Co-Operative Dairy Company Ltd
13.17. US Clinicals
13.18. Others

List of Figures

FIG. 1 Global Bovine Lactoferrin Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Bovine Lactoferrin Market Segmentation
FIG. 4 Global Bovine Lactoferrin Market, by Product Type, 2022 (US$ Bn)
FIG. 5 Global Bovine Lactoferrin Market, by Function, 2022 (US$ Bn)
FIG. 6 Global Bovine Lactoferrin Market, by Application, 2022 (US$ Bn)
FIG. 7 Global Bovine Lactoferrin Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Product Type, 2022
FIG. 9 Attractive Investment Proposition, by Function, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Bovine Lactoferrin Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Bovine Lactoferrin Market Manufacturers, 2022
FIG. 14 Global Bovine Lactoferrin Market Value Contribution, By Product Type, 2022 & 2030 (Value %)
FIG. 15 Global Bovine Lactoferrin Market, by Spray dried powder, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Bovine Lactoferrin Market, by Freeze-dried powder, Value, 2017-2030 (US$ Bn)
FIG. 17 Global Bovine Lactoferrin Market Value Contribution, By Function, 2022 & 2030 (Value %)
FIG. 18 Global Bovine Lactoferrin Market, by Iron absorption, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Bovine Lactoferrin Market, by Immune cell stimulation, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Bovine Lactoferrin Market, by Antibacterial, Value, 2017-2030 (US$ Bn)
FIG. 21 Global Bovine Lactoferrin Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 22 Global Bovine Lactoferrin Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 23 Global Bovine Lactoferrin Market, by Dietary supplement, Value, 2017-2030 (US$ Bn)
FIG. 24 Global Bovine Lactoferrin Market, by Infant nutrition, Value, 2017-2030 (US$ Bn)
FIG. 25 Global Bovine Lactoferrin Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 26 U.S. Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 27 Canada Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 28 Germany Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 29 France Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 30 U.K. Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 31 Italy Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 32 Spain Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 33 Rest of Europe Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 34 China Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 35 Japan Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 36 India Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 37 South Korea Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 38 Southeast Asia Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 39 Rest of Asia Pacific Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 40 Latin America Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 41 Brazil Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 42 Mexico Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 43 Rest of Latin America Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 44 Middle East & Africa Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 45 GCC Countries Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 46 South Africa Bovine Lactoferrin Market, 2017-2030 (US$ Bn)
FIG. 47 Rest of Middle East and Africa Bovine Lactoferrin Market, 2017-2030 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Bovine Lactoferrin Market
TABLE 2 Global Bovine Lactoferrin Market, by Competitive Benchmarking, 2022
TABLE 3 Global Bovine Lactoferrin Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Bovine Lactoferrin Market, by Key Strategies Analysis, 2022
TABLE 5 Global Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 6 Global Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 7 Global Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 8 Global Bovine Lactoferrin Market, by Geography, 2017-2030 (US$ Bn)
TABLE 9 North America Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 10 North America Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 11 North America Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 12 North America Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
TABLE 13 US Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 14 US Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 15 US Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 16 Canada Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 17 Canada Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 18 Canada Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Europe Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 20 Europe Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 21 Europe Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 22 Europe Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
TABLE 23 Germany Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 24 Germany Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 25 Germany Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 26 France Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 27 France Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 28 France Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 29 UK Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 30 UK Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 31 UK Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 Italy Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 33 Italy Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 34 Italy Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 35 Spain Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 36 Spain Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 37 Spain Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 38 Rest of Europe Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 39 Rest of Europe Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 40 Rest of Europe Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 41 Asia Pacific Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 42 Asia Pacific Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 43 Asia Pacific Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 44 Asia Pacific Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
TABLE 45 China Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 46 China Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 47 China Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 48 Japan Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 49 Japan Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 50 Japan Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 51 India Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 52 India Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 53 India Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 54 South Korea Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 55 South Korea Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 56 South Korea Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 57 South East Asia Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 58 South East Asia Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 59 South East Asia Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 63 Latin America Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 64 Latin America Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 65 Latin America Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 66 Latin America Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
TABLE 67 Brazil Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 68 Brazil Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 69 Brazil Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 70 Mexico Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 71 Mexico Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 72 Mexico Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 73 Rest of Latin America Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 74 Rest of Latin America Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 75 Rest of Latin America Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 76 Middle East and Africa Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 77 Middle East and Africa Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 78 Middle East and Africa Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 79 Middle East and Africa Bovine Lactoferrin Market, by Country, 2017-2030 (US$ Bn)
TABLE 80 GCC Countries Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 81 GCC Countries Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 82 GCC Countries Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 83 South Africa Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 84 South Africa Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 85 South Africa Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Bovine Lactoferrin Market, by Product Type, 2017-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Bovine Lactoferrin Market, by Function, 2017-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Bovine Lactoferrin Market, by Application, 2017-2030 (US$ Bn)

Frequently Asked Questions

How does COVID-19 impact the global bovine lactoferrin market?

The COVID-19 outbreak has positively impacted the growth of the global bovine lactoferrin market. Products containing bovine lactoferrin are widely available, and while the healthcare system was preoccupied with the COVID-19 pandemic, some of these patients took lactoferrin to strengthen their immunity.

Which is the leading region of the market for bovine lactoferrin?

In 2022, North America held the largest share of the global bovine lactoferrin market.

What are the key drivers for the growth of the bovine lactoferrin market?

Key factors propelling the expansion of the bovine lactoferrin market are the rising demand for dietary supplements globally, the rise in peptic ulcer disease, and the significantly higher prevalence of neonatal infections.

Which is the major segment in the bovine lactoferrin market by product type?

The freeze-dried powder segment had a major global market share in 2022.

Which is the major segment in the bovine lactoferrin market by application?

The infant nutrition segment had a major share in the global market.

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