According to a new report, published by KBV research, The Global Bovine Lactoferrin Market size is expected to reach $716 million by 2030, rising at a market growth of 8.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 409.1 Tonnes, experiencing a growth of 9.2% (2019-2022).
The Dietary Supplements segment is experiencing a CAGR of 8.7% during (2023 - 2030). Dietary supplements provide a convenient and easily consumable form for delivering bovine lactoferrin. Supplements can be capsules, tablets, powders, or liquid formulations, allowing consumers to incorporate them into their daily routines and contributing to increased adoption. The growing trend towards preventive healthcare is driving the demand for dietary supplements. Consumers are increasingly proactive about maintaining their health and preventing potential health issues. Bovine lactoferrin, with its potential health-promoting properties, aligns with this trend and is thus incorporated into various dietary supplements.
The Freeze-dried segment is leading the Global Bovine Lactoferrin Market by Product Type in 2022 thereby, achieving a market value of $550.7 Million by 2030. Freeze-dried bovine lactoferrin is commonly used as a key ingredient in nutritional supplements. The freeze-drying process helps maintain the stability of the lactoferrin molecule, ensuring that it retains its bioavailability and functional properties. These supplements often target immune support, overall health, and nutritional enhancement. Freeze-dried bovine lactoferrin is incorporated into a variety of functional foods and beverages. The freeze-drying technique ensures the stability of lactoferrin during the manufacturing process and throughout the product's shelf life. This application extends to energy bars, yogurt, and beverages, enhancing their nutritional profiles.
The Antibacterial segment is anticipated to have a CAGR of 8.3% during (2023 - 2030). Bovine lactoferrin has been shown to support the immune system by helping the body defend against bacterial infections. It can enhance the activity of immune cells and promote an overall healthy immune response. The antibacterial properties of bovine lactoferrin are beneficial for maintaining gastrointestinal health. It can help regulate the balance of beneficial and harmful bacteria in the gut, contributing to a healthy microbiome. Bovine lactoferrin may contribute to oral health by inhibiting the growth of bacteria associated with dental problems, such as cavities and gum disease. It can be included in oral care products or supplements targeting improved oral hygiene
Full Report: https://www.kbvresearch.com/bovine-lactoferrin-market/
The Asia Pacific region dominated the Global Bovine Lactoferrin Market by Region in 2022 thereby, achieving a market value of $283.3 Million by 2030, growing at a CAGR of 8.9 % during the forecast period. The Europe region would witness a CAGR of 7.8% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 8.1% during (2023 - 2030).
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Product Type (Volume, Tonnes, USD Million, 2019-2030)
By Function (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
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