Bovine Lactoferrin Market Share

  • Report ID: 4646
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Bovine Lactoferrin Market Share

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.

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Author Credits:  Radhika Pawar


  • Report ID: 4646
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ethylene vinyl acetate is evaluated at USD 606.8 million.

The bovine lactoferrin market size 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. Worldwide growing demand for dietary supplements, global surge in peptic ulcer disease, and significantly increasing prevalence of neonatal infections will drive the market growth.

North America industry is set to dominate majority revenue share of NA% by 2037, attributed to massively increasing consumption of dietary supplements in the region, backed by surging awareness regarding fitness and health among individuals.

The major players in the market are Fonterra Co-operative Group Limited, Glanbia plc, Jarrow Formulas, Inc., MILEI GmbH, Beston Global Food Company Ltd, Morinaga Co., Ltd., Noumi Limited, Saputo Inc., Bega Cheese Limited, NutriScience Innovations, LLC
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