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Bovine Lactoferrin Market Insights on Latest Developments and Innovations

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Ganesh Shinde
Bovine Lactoferrin Market Insights on Latest Developments and Innovations

The global Bovine Lactoferrin Market is predicted to expand at a CAGR of 15.8% between 2023 and 2033, from US$ 772.39 Million to US$ 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, antiparasitic, catalytic, and anti-allergic functions and characteristics, which will influence product sales in the personal hygiene and pharmaceutical industries.

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 decrease 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. 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.

Key Market Players

Key players in the Bovine Lactoferrin market are MILEI GmbH (Germany), Bega Cheese Ltd. (Australia), Fonterra Co-operative Group (New Zealand), FrieslandCampina DOMO (Netherlands), Beston Global Food Company Ltd (Australia), SAVENCIA SA (France), Saputo Dairy Australia Pty Ltd. (Australia), FREEDOM FOODS GROUP LIMITED (Australia), Synlait Ltd. (New Zealand), Glanbia Plc. (Ireland), Ingredia (France).

l Beston Global Food Company Ltd. revealed in June 2021 that its Jervois dairy factory in Australia enlarged its capacity to generate up to 25 metric tonnes of 95.0% pure lactoferrin per year.

l Fonterra Co-operative Group declared in June 2021 that it will market its two joint venture firms in China in order to concentrate more on New Zealand milk production and prioritize the Greater China industry.

l Fonterra Co-operative Group Limited announced a sales and advertising contract with Land O’Lakes, Inc. in October 2020, with the intention of expanding its market potential into more U.S. food service platforms.

Read More@ https://www.futuremarketinsights.com/reports/bovine-lactoferrin-market

Bovine Lactoferrin Market Segments Survey

Bovine Lactoferrin Market by Type:

  • Freeze-dried
  • Spray-dried

Bovine Lactoferrin Market by Application:

  • Infant Formula
  • Dietary Supplements
  • Pharmaceuticals
  • Food
  • Other Applications


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Ganesh Shinde
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