Bovine Lactoferrin Market Growing Expeditiously, USD 750.9 Million by 2031, Report like 1

The bovine lactoferrin market was valued at $353.34 million in 2021, and is estimated to reach $750.9 million by 2031, growing at a CAGR of 7.8% from 2022 to 2031.

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Depending on function, the market is divided into iron absorption, immune cell stimulation, antibacterial, and others. The iron absorption segment dominated the market in 2021, owing to increase in number of anemic populations.  The immune cell stimulation segment is expected to witness highest CAGR of 8.55% during the forecast period, owing to potential prophylactic and therapeutic applications.

North America accounted for a majority of bovine lactoferrin market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in bovine lactoferrin products and rise in number of working women, which leads to increase in demand for infant formula with bovine lactoferrin. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in anemic population, launch of bovine lactoferrin products, and increase in investment projects in the region.

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Key Players-

• Bega Cheese Limited
• Beston Global Food Company Ltd
• Fonterra Co-Operative Group Limited
• Glanbia Plc
• Inner Mongolia Yili Industrial Group Co., Ltd (Westland Milk)
• Jarrow Formulas, Inc
• La Prosperite Fermiere Societe Cooperative Agricole (Ingredia Nutrional)
• Morinaga & Co., Ltd (Morinaga Milk Industry)
• Noumi Limited (Freedom Foods Pty Limited)
• Nutriscience Innovations, Llc
• Oskia Skincare Ltd
• Royal Friesland Campina N.V.
• Savencia Sa (Armor Proteines)
• Synlait Milk Ltd
• Saputo, Inc (Saputo Dairy Australia Pty Ltd.)
• Tatua Co-Operative Dairy Company Ltd
• US Clinicals

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Key Benefits For Stakeholders

• Ths 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.

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