Bovine Lactoferrin Marketsize was over USD 557.31 million in 2024 and is poised to exceed USD 2.18 billion by 2037, witnessing over 11.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ethylene vinyl acetate is evaluated at USD 606.8 million. The growth of the market can be attributed to the worldwide proliferation of awareness regarding health, and diet among people. Furthermore, as an iron-binding protein, lactoferrin aids in treating diarrhea, hepatitis C, and intestinal ulcers. It is an ingredient that serves as an antioxidant against the wide variety of bacterial and viral infections, which have been increasing over time. Such a factor gives a notable hike to the increasing demand for bovine lactoferrin. According to the Centers for Disease Control and Prevention, in 2021, 1,899 (0.2%) of 1,081,671 samples tested positive for influenza viruses (713 (7.5%) for influenza A and 1,186 (7.5%) for influenza B) in the United States. Over the same period, 61.4% of influenza-positive samples were influenza A, while 38.6% were of influenza B. Thus, the rising prevalence of various virus spreads is estimated to fuel the global bovine lactoferrin market throughout the forecast period.
In addition to these, factors that are believed to fuel the market growth of bovine lactoferrin include the worldwide rise in the demand for convenient feeding, which has pushed the demand for nutrient-rich supplements and milk as infant food among working mothers across the globe. Additionally, the rising use of lactoferrin to treat the low ratio of iron in pregnant women is another significant factor that is boosting market growth. Furthermore, bovine lactoferrin consists of outstanding anti-inflammatory, antiviral, anti-parasitic, anti-bacterial, and anti-allergic properties, which make it a preferred substance to be used in the pharmaceutical sector, personal care, and hygiene products. For instance, it was observed in a clinical study that the ability of lactoferrin to mitigate adversely charged microbial molecules, such as LPS, makes an important contribution to its anti-inflammatory properties during bacterial infection. Therefore, it blocks the interaction of the LPS-binding protein with the endotoxin and blocks the adhesion of LPS with the membrane protein CD14, which in turn prevents the activation of monocytes and macrophages.
Growth Drivers
Worldwide Growing Demand for Dietary Supplements - Dietary supplements are additives that are used to supplement our diet with essential nutrients or to reduce the risk of certain health problems. Dietary supplements are a wholesome package of various types of vitamins, minerals, amino acids, and enzymes. As they provide a decent amount of nutrition, people are vastly consuming these dietary supplements to cater to their nutritional requirements. Moreover, bovine lactoferrin provides important nutrients to the human body, and is used in the dietary supplements that are anticipated to drive the market’s growth. For instance, around 40% to 56% of adults in developed nations use dietary supplements.
Global Surge in Peptic Ulcer Disease - Peptic ulcer disorder, commonly known as stomach or duodenal ulcers, is generally caused by microorganisms or excessive use of conventional painkillers. It is a rough or open sore in the lining of the stomach (gastric) or the upper section of the small intestine. A huge number of people have been suffering from peptic ulcer disorder across the globe. Furthermore, bovine lactoferrin improves the effectiveness of some of the medications for the treatment of ulcer diseases, and it is expected to boost the growth of the market. For instance, in 2019, the worldwide prevalence of peptic ulcer disease (PUD) increased by nearly 9 million.
Significantly Increasing Prevalence of Neonatal Infections - Neonatal infections are infections that a newborn develops during pregnancy or in the first four weeks after birth. Neonatal infections can pass from mother to child, originate in the birth canal while giving birth, or develop after delivery. While some newborn infections develop right away after childbirth, others can develop months or even years later. Preterm or low birth weight neonates have a higher chance of getting the neonatal infection. A serious concern about neonatal infection is estimated to boost market growth during the forecast period. As per the data provided by the World Health Organization, every year, across the globe, over 550 000 neonatal deaths are caused by neonatal infections.
Worldwide Increasing Ratio of Acne Issue - Lactoferrin restrict the growth of acne owing to its antioxidant properties. Henve, it is projected to drive the market’s growth. For instance, up to 58 million individuals in the United States experience acne each year, making it the most prevalent skin condition in the country.
Escalating the Pharmaceutical Industry - For instance, as of November 2021, the pharmaceutical industry in the United States was valued at approximately USD 2.8 trillion, whereas the figure in China was approximately USD 848 billion.
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
11.1% |
|
Base Year Market Size (2024) |
USD 557.31 million |
|
Forecast Year Market Size (2037) |
USD 2.18 billion |
|
Regional Scope |
|
Function (Immune Cell Stimulation, Iron Absorption, Antibacterial)
The global bovine lactoferrin market is segmented and analyzed for demand and supply by function into immune cell stimulation, iron absorption, antibacterial, and others. Out of these segments, the iron absorption segment is estimated to bolster market growth over the forecast period. The growth of the segment can be attributed to its outstanding benefits for anemic people, and pregnant women. Since lactoferrin is a good source to reduce iron deficiency, a huge ratio of individuals, especially children and pregnant women have a high requirement for iron to tackle the anemic issue. As the prevalence of anemia is increasing throughout the world, thus this factor is estimated to drive the growth of the global bovine lactoferrin market. As per the statics released by the World Health Organization (WHO), presently, anemia has been affecting 42% of children under the age of 5 and 40% of pregnant women across the globe.
Product Type (Freeze dried & milled, Spray Dried Powder)
The global bovine lactoferrin market is also segmented and analyzed for demand and supply by product type into freeze-dried & milled, and spray-dried powder. Out of these two segments, the freeze-dried & milled segment is estimated to grasp the largest market size during the forecast period backed by the high proportion of antioxidant properties, extensive shelf-life, and higher iron binding potential. On the other hand, the spray-dried powder segment is projected to witness a notable CAGR over the coming years, on the back of certain associated benefits, such as scalable, manageable particle procedures. Furthermore, the low cost of spray-dried powder is suitable for vast applications including infant formula milk, which is another notable factor estimated to act as an advantageous opportunity to propel the market growth of bovine lactoferrin in the coming years.
Our in-depth analysis of the global market includes the following segments:
|
By Product Type |
|
|
By Application |
|
|
By Function |
|
North American Market Forecast
North America industry is set to dominate majority revenue share by 2037. The growth of the market can be attributed majorly to the massively increasing consumption of dietary supplements in the region, backed by surging awareness regarding fitness and health among individuals. For instance, till 2019, approximately 75% of adults in the United States were consuming dietary supplements. Further, the presence of major manufacturers of bovine lactoferrin, who are prominently influencing the market in the region. In addition, an increase in the clinical trials, coupled with increasing usage of infant formula as of the recent approval by the FDA, and a significant boost in the ratio of specialty stores are some added factors that are projected to drive the market growth further throughout the projected time frame in the region.
APAC Market Statistics
Furthermore, the Asia Pacific bovine lactoferrin market is estimated to display notable market growth by the end of 2037. The dynamically growing demand for infant formula as a result of the decreasing breastfeeding ratio, followed by the rising demand for dietary supplements to gain an increased amount of nutritional benefit among the people of this region, can be attributed to the market's growth. For instance, next to the United States, Asia is the region with the highest supplement usage, as nearly 45% of Asians claimed that they have been consuming dietary supplements.
Bega Cheese Limited acquired the Lion Dairy & Drinks with a net acquisition worth of USD 534 million.
Jarrow Formulas, Inc.’s Jarro-Dophilus Infant, a probiotic supplement designed for infants, was awarded Probiotic Product of the Year by NutraIngredients-USA for 2018.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?