The global bovine lactoferrin market is predicted to expand at a CAGR of 15.8% between 2023 and 2033, from USD 772.39 Million to USD 3,349.05 Million.
The increasing consumer awareness of health and diet and the growing incidences of skin-related medical issues are expected to stimulate demand. Lactoferrin is thought to have antiviral, antimicrobial, anti-parasitic, catalytic, and anti-allergic functions and characteristics, which will influence product sales in the personal hygiene and pharmaceutical industries.
The bovine lactoferrin market is anticipated to witness significant growth during the forecast timeframe as it has been shown in clinical trials to treat acute acne and other dermatological conditions. The Bovine Lactoferrin ELISA kit is also used in the treatment as it evaluates Lactoferrin (LF) in bovine biological samples.
Lactoferrin's anti-inflammatory characteristics eliminate the primary food source for pathogens by minimizing its contributors. Acne is the most common skin condition in the United States, impacting 40 to 50 million people yearly, based on the American Academy of Dermatology.
| Report Attributes | Details |
|---|---|
| Expected Market Value (2023) | USD 772.39 Million |
| Anticipated Forecast Value (2033) | USD 3,349.05 Million |
| Projected Growth Rate (2023 to 2033) | 15.8% CAGR |
Lactoferrin has anti-inflammatory properties that may be important in the pathophysiology of COVID-19 cases. The lack of a cure or vaccine for the virus resulted in high consumption of immunity boosters in 2020. Precautions for COVID-19 infection have found widespread applications, resulting in an increase in demand for lactoferrin-based products in the historical period.
For example, Jatcorp announced planned to launch 5 new lactoferrin-enriched immune powder formulas in China in May 2021. This release was made in response to the increased market demand for immune-boosting functional ingredients as a result of the COVID-19 pandemic.
However, rising demand for bovine lactoferrin among the general population has prompted a few market participants to focus on expanding their production capacities and will boost market growth over the upcoming decades. According to a report from Future Market Insights (FMI), from 2018 to 2022, sales witnessed significant growth, registering a CAGR of 10%.
Cost-effective Production Processes Implementation to Compel Sales Growth
Currently, several technology-oriented industries are focusing on developing a cost-effective method of manufacturing these products. Several researchers are also working to determine the effectiveness of this ingredient for delivering specific drugs in cancer treatment.
This, combined with an increase in the number of working women in the Asia Pacific and Europe region, tends to result in a decrease in the frequency of breastfeeding, causing a greater consumption of infant formula. Oral bovine lactoferrin, associated with the beneficial properties of lactoferrin in infant formula, is growing significantly, and the adaptation of this protein during infant formula manufacturing, cruising the bovine lactoferrin supplement market.
Conagen, Inc., for example, established a cost-effective lactoferrin production process using microbial fermentation technology in April 2020.
The increasing relevance of naturally produced supplements over chemical molecules motivates the market expansion
The increasing influence of naturally produced supplements over chemical molecules among the overall population has boosted the deployment of dietary supplements with the addition of lactoferrin in both developed and developing nations.
As a result, market players are progressively concentrating their efforts on these fields to make a profit. Furthermore, clinical trials to examine the effects of this component in the healthcare industry have increased by a factor of 25 to 30. As a result of this diversification of applications, a high intake of these products is anticipated to propel the bovine lactoferrin supplement market growth during the 2023 to 2023 period.
The high cost of lactoferrin and lactoferrin-containing items is restricting the adoption
Despite rising global demand for sophisticated nutritional and infant formula ingredients, specific factors are limiting the market growth. The elevated cost of items comprising bovine lactoferrin as a component is one of them.
Food, nutritional supplements, infant formula, and other equivalent segments require different amounts of protein purification ranging from 90.0% to 99.0%. The greater the purity demanded, the more expensive it is to produce, causing it to cost more.
The increased production of infant formula is credited to the region's dominance
In 2021, the Asia Pacific market is estimated to be valued at USD 335 Million. With a sales revenue of 42.5% in 2022, Asia Pacific emerged as the biggest regional market. During the forecast timeframe, the regional market is expected to uphold its position. Regional revenue growth, led by India, China, and Japan, can be attributed to the increased population and consumer buying ability.
In contrast to most other regions, Asia Pacific has a significant number of medium and small industries. Furthermore, high consumer acknowledgment of infant nutrition, personal care, and pharmaceutical drugs, as well as the preference of customers for organic foods, are expected to fuel the region's lactoferrin market.
Other important factors cruising the booming market for infant formula in this region are the decrement in breastfeeding rates and quality control of commercial bovine lactoferrin.
The growing incidence of Digestive Disorders has elevated Product Sales
In 2021, North America was the second-largest leading region for lactoferrin. The United States has emerged as the region's biggest market. The increased incidences of digestive issues have enhanced product sales across the nation.
Moreover, a spike in the proportion of specialty stores, hypermarkets, and supermarkets, as well as incentivized marketing infrastructure used by brand owners to boost sales, is anticipated to drive market growth in the near future. Furthermore, the presence of prominent market players in the region is influencing the market in the region by implementing multiple marketing plans and strategies, including advertising, to enhance business scope.
The specific benefits of the spray-dried segment contribute to industry growth
In 2022, the freeze-dried segment dominated the market. The high-grade quality of the final product, antioxidant properties, and substantially greater iron-binding potential are some of the key aspects attributed to segmental dominance.
The spray-dried segment, on the other hand, is anticipated to expand at a notable CAGR over the coming years. Specified advantages, such as flexible, scalable, and manageable particle methodologies, are aiding the expansion of this segment. Aside from that, spray drying is suitable for bulk applications.
The clinical efficacy of these ingredients, such as improved immunity and digestion, drives the market
In 2021, the infant formula segment led the lactoferrin market, with a profit share of more than 40%. From 2023 to 2033, the segment is predicted to expand at a consistent CAGR.
The surge in the prevalence of clinical data confirming infant formula integration with lactoferrin, as well as shifting customer dynamics toward infant supplementary foods, are anticipated to fuel the growth.
The popularity of infant nutrition is primarily from emerging nations, owing to high disposable income, hectic work timetables, and increased prevalence of iron deficiency among infants.
Key players in the Bovine Lactoferrin market are MILEI GmbH, Bega Cheese Ltd., Fonterra Co-operative Group Friesland Campina DOMO, Beston Global Food Company Ltd., SAVENCIA SA, Saputo Dairy Australia Pty Ltd., Freedom Foods Group Limited, Synlait Ltd., Glanbia Plc. and Ingredia among others.
| Report Attributes | Details |
|---|---|
| Market Value in 2023 | USD 772.39 Million |
| Market Value in 2033 | USD 3,349.05 Million |
| Growth Rate | CAGR of 15.8% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Glanbia Plc.; Fonterra Co-operative Group; Freisland Campine DOMO; Milei GmbH; Bea Bionutrients; Beston Global Australia Pty Ltd.; Saputo Dairy Pty Ltd.; Synlait Ltd.; Ingredia; Savencia SA; Freedom Food Group Limited |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 12: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 13: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: South Asia & Pacific Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 15: South Asia & Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 16: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: East Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 18: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 19: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: MEA Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 21: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness by Product, 2023 to 2033
Figure 14: Global Market Attractiveness by Application, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 28: North America Market Attractiveness by Product, 2023 to 2033
Figure 29: North America Market Attractiveness by Application, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 47: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 58: Europe Market Attractiveness by Product, 2023 to 2033
Figure 59: Europe Market Attractiveness by Application, 2023 to 2033
Figure 60: Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia & Pacific Market Value (US$ Million) by Product, 2023 to 2033
Figure 62: South Asia & Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 63: South Asia & Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia & Pacific Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 68: South Asia & Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 69: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 70: South Asia & Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 71: South Asia & Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 72: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 73: South Asia & Pacific Market Attractiveness by Product, 2023 to 2033
Figure 74: South Asia & Pacific Market Attractiveness by Application, 2023 to 2033
Figure 75: South Asia & Pacific Market Attractiveness by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 77: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 78: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: East Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 83: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 85: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 89: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: MEA Market Value (US$ Million) by Product, 2023 to 2033
Figure 92: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: MEA Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 98: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 99: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 100: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 101: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 102: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 103: MEA Market Attractiveness by Product, 2023 to 2033
Figure 104: MEA Market Attractiveness by Application, 2023 to 2033
Figure 105: MEA Market Attractiveness by Country, 2023 to 2033
FMI projects the global bovine lactoferrin market to expand at a 15.8% value CAGR by 2033
The global bovine lactoferrin market is estimated at a market value of USD 772.39 Million.
the global bovine lactoferrin market is expected to garner a market value of 3,349.05 Million.
FMI has projected Asia Pacific to be one of the key regions for the bovine lactoferrin market.
Explore Pharmaceuticals Insights
Bovine Lactoferrin Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
