Bovine Lactoferrin Market Trends

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

Bovine Lactoferrin Market Trends

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

  • Extreme Price of Lactoferrin - Despite the rising demand for lactoferrin in various infant formulas, personal hygiene products, and dietary supplements; the extremely high price of products that contain bovine lactoferrin is anticipated to slash market growth. The higher price density depends on the purity factor. The higher proportion of purity raises its price around 2 times to 5 times higher. Thus, this significant factor is anticipated to hinder the market growth of bovine lactoferrin over the projected time frame.
  • Growing Initiatives by the Governments of Nations to Promote Breastfeeding
  • Fluctuating Prices of Lactoferrin

Bovine Lactoferrin Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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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