Bovine Lactoferrin Market Segmentation:
Function Segment Analysis
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 Segment Analysis
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:
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By Product Type |
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By Application |
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By Function |
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