Bovine Lactoferrin Market by Type (Freeze-dried and milled and Spay dried powder), Application (Infant formula, Dietary supplements, and Pharmaceutical), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027


The global Bovine Lactoferrin market is expected to grow from USD 151.37 million in 2019 to USD 242.03 million by 2027 at a CAGR of 6.00% during the forecast period from 2020-2027.

Bovine lactoferrin is a protein typically found in cow milk and human milk. After a baby is born, the first milk produced by humans or cow contains a very high level of lactoferrin, which is about the seven times protein content found in milk, which is provided later.

Growing usage of bovine lactoferrin in treatment for intestine ulcer, stomach treatment, hepatitis C and diarrhea. Also used as an antioxidant and creates a barrier against bacterial and viral contaminations.

This study delivers a comprehensive analysis of types, applications, and regions. The type segment includes Freeze-dried and milled and Spay dried powder. Freeze-dried and milled held the largest market share of 65.77% in 2019, due to the growing facts of active women, particularly in South America and European regions, propelling the market.

The application segment includes Infant formula, dietary supplements, and pharmaceutical. Nutritional supplements were valued at USD 73.48 million in 2019. Increasing the procedure of lactoferrin as a dietary supplement for babies due to less breastfeeding in many developing countries leading to the growth of the bovine lactoferrin market.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America region held a significant market share of 30.45% in 2019, owing to the increasing consumption of bovine lactoferrin, especially in the China region.

Some of the notable players in the Bovine Lactoferrin market are Fonterra Group, Bega Cheese, FrieslandCampina, Glanbia Nutritionals, Tatuaamong, and among others. Developing and developed countries are offering more excellent opportunities. Significant players are continuously focused on new developments, strategic partnerships, acquisitions, and venture capital investments to obtain high growth in the market.

This study estimates revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented the based on below-mentioned segments:

  • Global Bovine Lactoferrin Market Analysis And Forecast, By Type
    • Freeze-dried and milled
    • Spray-dried powder
  • Global Bovine Lactoferrin Market Analysis And Forecast, By Application
    • Infant formula
    • Dietary supplements
    • Pharmaceutical
  • Global Bovine Lactoferrin Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest of MEA

Chapter 1 Introduction 9
    1.1 Objective Of The Study 9
    1.2 Research Scope 10
    1.3 Currency and Year Consideration 11

Chapter 2 Research Methodology and Assumptions 12
    2.1 Research Methodology 12
    2.2 FMR Desk Research 13
          2.2.1 FMR Data Synthesis 14
          2.2.2 Data Validation And Market Feedback 15
          2.2.3 FMR Data Sources 15

Chapter 3 Executive Summary 17
    3.1 Market Definition 18
          3.1.1 Definition of Bovine Lactoferrin 18
          3.1.2 Specifications of Bovine Lactoferrin 20
    3.2 Driving Factor 21
    3.3 Global Bovine Lactoferrin Market Revenue by Type 22
    3.4 Global Bovine Lactoferrin Market Revenue by Application 25
    3.5 Global Bovine Lactoferrin Market Regional Share 28

Chapter 4 Premium Insights 29
    4.1 Market Attractiveness Analysis By Type 29
    4.2 Market Attractiveness Analysis By Application 30
    4.3 Market Attractiveness Analysis By Region 31

Chapter 5 Global Bovine Lactoferrin Market Analysis And Forecast, By Type 32
    5.1 Segment Overview 32
    5.2 Freeze Dried and Milled 36
    5.3 Spay Dried Powder 36

Chapter 6 Global Bovine Lactoferrin Market Analysis And Forecast, By Application 37
    6.1 Segment Overview 37
    6.2 Infant Formula 41
    6.3 Dietary Supplements 42
    6.4 Pharmaceutical 42

Chapter 7 Global Bovine Lactoferrin Market Analysis And Forecast, By Regional Analysis 43
    7.1 Global Bovine Lactoferrin Market Revenue Analysis 43
    7.2 Global Bovine Lactoferrin Market Sales Analysis 46
    7.3 Global Bovine Lactoferrin Market Consumption Analysis 49
    7.4 Global Bovine Lactoferrin Market Capacity Analysis 52

Chapter 8 Manufacturing Cost Structure Analysis of Bovine Lactoferrin 55
    8.1 Raw Material and Suppliers 55
    8.2 Manufacturing Cost Structure Analysis of Bovine Lactoferrin Error! Bookmark not defined.
          8.2.1 Labor Cost Analysis Error! Bookmark not defined.
          USA Labor Cost Analysis Error! Bookmark not defined.
    8.3 Manufacturing Process Analysis of Bovine Lactoferrin 56
    8.4 Industry Chain Structure of Bovine Lactoferrin 57

Chapter 9 Technical Data and Manufacturing Plants Analysis of Bovine Lactoferrin 58
    9.1 Capacity and Commercial Sales Date of Global Bovine Lactoferrin Major Manufacturers in 2018 58
    9.2 Manufacturing Plants Distribution of Global Bovine Lactoferrin Major Manufacturers 59
    9.3 Global Bovine Lactoferrin Market Sales Analysis 60

Chapter 10 Company Profile 61
    10.1 Global Bovine Lactoferrin Market Company Share (2018) 61
    10.2 Fonterra Co-operative Group Limited 62
          10.2.1 Company Profile 62
          10.2.2 Product Specification 63
          10.2.3 Fonterra Co-operative Group Bovine Lactoferrin Sales, Revenue, Price and Gross Margin (2013-2018) 63
    10.3 Bega Cheese Ltd 64
          10.3.1 Company Profile 64
          10.3.2 Product Specification 65
          10.3.3 Bega Cheese Ltd Bovine Lactoferrin Sales, Revenue, Price and Gross Margin (2013-2018) 66
    10.4 Friesland Campina Dmv BV 67
          10.4.1 Company Profile 67
          10.4.2 Product Specification 68
          10.4.3 Friesland Campina Dmv BV Bovine Lactoferrin Sales, Revenue, Price and Gross Margin (2013-2018) 68
    10.5 Milei GmbH 69
          10.5.1 Company Profile 69
          10.5.2 Product Specification 70
    10.6 Glanbia plc 71
          10.6.1 Company Profile 71
          10.6.2 Product Specification 72
          10.6.3 Glanbia plc Bovine Lactoferrin Sales, Revenue, Price and Gross Margin (2013-2018) 72
    10.7 Westland Co-Operative Dairy Co Ltd 73
          10.7.1 Company Profile 73
          10.7.2 Product Specification 74
    10.8 Tatua Co-operative Dairy Company Ltd 75
          10.8.1 Company Profile 75
          10.8.2 Product Specification 76
          10.8.3 Tatua Co-operative Dairy Company Ltd Bovine Lactoferrin Sales, Revenue, Price and Gross Margin (2013-2018) 76
    10.9 Ingredia Nutritional 77
          10.9.1 Company Profile 77
          10.9.2 Product Specification 78
    10.10 Saputo Dairy Australia Pty Ltd 79
          10.10.1 Company Profile 79
          10.10.2 Product Specification 80
    10.11 Synlait Ltd 81
          10.11.1 Company Profile 81
          10.11.2 Product Specification 82

Chapter 11 Conclusion of the Global Bovine Lactoferrin Market Professional Survey Report 83


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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