Bovine Lactoferrin Market Trends 2024 : USD 750.9 Million by 2031, Claims AMR

According to the report published by Allied Market Research, the global bovine lactoferrin market generated $353.3 million in 2021, and is estimated to reach $750.9 million by 2031, witnessing a CAGR of 7.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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Regional Analysis

In 2021, North America led the global bovine lactoferrin market, making up over a third of the total market share, and it is expected to remain the leader throughout the forecast period. However, the Asia-Pacific region is projected to experience the fastest growth, with a compound annual growth rate (CAGR) of 8.5% from 2022 to 2031. The study also covers the markets in Europe and LAMEA.

The market is categorized by function into iron absorption, immune cell stimulation, antibacterial, and others. In 2021, the iron absorption segment led the market due to the rising number of anemic individuals. Meanwhile, the immune cell stimulation segment is anticipated to have the highest growth rate, with a CAGR of 8.55% during the forecast period, driven by its potential for preventive and therapeutic uses.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bovine lactoferrin market analysis from 2021 to 2031 to identify the prevailing bovine lactoferrin market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the bovine lactoferrin market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global bovine lactoferrin market trends, key players, market segments, application areas, and market growth strategies.

Key Findings of the Study
• By type, the freeze-dried powder segment was the highest contributor to the market in 2021.
• By application, the infant nutrition segment was the highest contributor to the market in 2021.
• Depending on application, the iron absorption segment was the highest contributor in 2021.
• Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Key Market Players

• Bega Cheese Limited
• Beston Global Food Company Ltd
• Fonterra Co-operative Group Limited
• Glanbia Plc
• Inner Mongolia Yili Industrial Group Co., Ltd
• Jarrow Formulas, Inc
• La Prosperite Fermiere Societe Cooperative Agricole
• Morinaga Co., Ltd
• Noumi Limited
• Nutriscience Innovations, LLC
• Oskia Skincare Ltd
• Royal Friesland Campina N.V
• Savencia SA
• Synlait Milk Ltd
• Saputo, Inc
• Tatua Co-Operative Dairy Company, Ltd
• US Clinicals

𝑶𝒕𝒉𝒆𝒓 𝑻𝒓𝒆𝒏𝒅𝒊𝒏𝒈 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 𝒊𝒏 𝑳𝒊𝒇𝒆 𝑺𝒄𝒊𝒆𝒏𝒄𝒆 𝑫𝒐𝒎𝒂𝒊𝒏-

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