Bovine Lactoferrin Market: Notable Developments & Geographical Outlook-2022-2031

 

Bovine Lactoferrin, being a natural protein, derived from cow milk, which is also known as the main milk ingredient found in the breast milk protein, can be used as an alternative for lactose supplements.

Newly released data from lactoferrin market analysis by Future Market Insights shows that global consumption of lactoferrin enjoyed year-on-year (YoY) growth of 5.0% in 2021 to total sales of US$ 192.8 Mn in the year. The overall demand for lactoferrin captivates 33% of the global milk ingredients market and is poised to witness a prominent growth at 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.

Applications of Bovine lactoferrin on milk nutrition segment is poised among the leader for both growth-wise and share-wise, having antimicrobial characteristics which can protect the human body against numerous pathogens. Bovine Lactoferrin is also considered a cationic glycoprotein, being used as a nutritional ingredient in different food & beverage products, such as food supplements, non-alcoholic beverages, and sports nutrition products.

Key Takeaways from the Lactoferrin Market Study:

  • Europe Bovine lactoferrin production is leading in terms of market share and accounts for 31.1% of the global lactoferrin market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
  • Powdered Bovine lactoferrin is the dominant form in the lactoferrin industry, as the shelf life of the product is more when compared to the liquid form, thus the powdered form is easy to store and lasts a little longer. The powdered form is accounting for a market share of 88.9% in 2021 of the global market.
  • In the application segment, the use of the product in clinical nutrition is anticipated to witness a lucrative growth rate with a CAGR of 7.3% during the forecast period (2021-2031) in the lactoferrin market.
  • However, application in infant formulas holds the highest market share, worth 35.9% of the global share as of 2021, because of the huge demand for baby food supplements.
  • In the South Asia region, demand for lactoferrin is booming with a high CAGR worth 7.7%, as a result of high awareness of the product as a dietary supplement.

Bovine Lactoferrin is an intact protein that consists of 696 basic (positively charged) amino acids with an abundant nutritional value. As a result, the US Food and Drug Administration (FDA) has identified lactoferrin, derived from cow milk, as a GRAS (Generally Recognised as Safe) ingredient for functional foods and sports nutrition supplements. The agency even gave the same definition to Bovine lactoferrin in 2014, which can be used in dairy products and infant formulas.

Who is winning?

The future of Bovine lactoferrin adoption depends on the F&B companies, especially brands making baby foods and dietary supplements, who are motivated to comply with the food safety certification requirements and necessary environmental standards. As a result, more innovation across the value chain is required to increase the adoption rate of the product, driven by a new food revolution generated through consumer tastes and preferences while leveraging automation effectively.

Some of the leading companies offering lactoferrin are Vitalus Nutrition Inc., Glanbia plc, Milei Gmbh, NutriScience, Nestle SA, Pharming Group NV, Farbest Brands, Bega Cheese Group, Fonterra Co-operative Group Ltd and InVitria, and others.

Lactoferrin by Category

By form:

  • Powder
  • Liquid

By application:

  • Sports Nutrition
  • Infant Formulas
  • Clinical Nutrition
  • Veterinary Nutrition
  • Personal Care
  • Food Nutrition
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Main Report Link: https://www.futuremarketinsights.com/reports/lactoferrin-market

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