Key Companies in Bovine Lactoferrin Market are, MILEI GmbH, Leutkirch im Allgäu, Germany, FrieslandCampina DOMO, Amersfoort, Netherlands, Synlait Ltd., Canterbury, New Zealand, Glanbia Plc., Kilkenny, Ireland, Bega Bionutrients, Melbourne, Australia, Saputo Dairy Australia Pty Ltd., Victoria, Australia, Fonterra Co-operative Group, Auckland City, New Zealand, Armor Protéines, Saint-Brice-en-Coglès, France, Hilmar Cheese Company, Inc., California, U.S, Murray Goulburn Co-operative Co. Limited, Victoria, Australia, Ingredia, Arras, France
Pune, India, Nov. 24, 2021 (GLOBE NEWSWIRE) -- The global bovine lactoferrin market size is projected to reach USD 949.0 million by the end of 2027. Technological advancements in manufacturing processes will have a positive impact on the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Bovine Lactoferrin Market Size, Share & COVID-19 Impact Analysis, By Product (Spray-dried, and Freeze-dried), By Application (Infant Formula, Pharmaceuticals, Dietary Supplements, Food, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 546.6 million in 2019 and will exhibit a CAGR of 5% during the forecast period, 2020-2027.
Lactoferrin is an anti-microbial that has the ability to fight severe diseases such as Crohn’s disease. The product is a protein that protects the body from necrotizing enterocolitis and is also used to reduce conditions such as diarrhea. The product is said to boost the fight against intestinal ulcers and critical diseases such as hepatitis C. Accounting to its properties, lactoferrin is used to treat viral infections. The substance is found in human milk like colostrum, the first milk produced after the baby is born. Due to several advantages of the product with regard to human health, bovine lactoferrin is being studied on a wider scale across the world. The massive investments in research and development of the product associated with its effects on human health will bode well for the growth of the overall market in the coming years.
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List of Key Players in Bovine Lactoferrin Market:
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FrieslandCampina DOMO, Amersfoort, Netherlands
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Synlait Ltd., Canterbury, New Zealand
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Glanbia Plc., Kilkenny, Ireland
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Bega Bionutrients, Melbourne, Australia
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Saputo Dairy Australia Pty Ltd., Victoria, Australia
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Fonterra Co-operative Group, Auckland City, New Zealand
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Armor Protéines, Saint-Brice-en-Coglès, France
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Hilmar Cheese Company, Inc., California, U.S
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Murray Goulburn Co-operative Co. Limited, Victoria, Australia
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Ingredia, Arras, France