Bovine Lactoferrin (BLF) is a type of iron-binding protein found in bovine milk that is part of the family of proteins known as lactoferrins, which are found in other mammalian species. It is a multifunctional protein with many roles in the body such as iron absorption, immune regulation, and antioxidant activity. BLF has been used in the treatment of various conditions, including anemia, bacterial and viral infections, inflammation, and allergies.
In terms of its global overview, BLF is primarily obtained from cow’s milk and is produced in large quantities in the food industry. It is widely used in various applications such as food fortification, dietary supplements, and nutraceuticals. BLF is also used in the medical and pharmaceutical industries, as well as in cosmetics and animal feed. It is estimated that the global bovine lactoferrin market is expected to grow at a compound annual growth rate of 8.3% between 2020 and 2027.
The global Bovine Lactoferrin market was valued at US$ 534 million in 2022 and is anticipated to reach US$ 729.4 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Bovine Lactoferrin Market available at: https://www.themarketreports.com/report/global-bovine-lactoferrin-market-research-report
The global Bovine Lactoferrin market was valued at US$ 534 million in 2022 and is anticipated to reach US$ 729.4 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
The major global companies of Bovine Lactoferrin include Fonterra Group, Synlait Milk, FrieslandCampina (DMV), Bega Cheese, Tatua, Westland Milk (Yili Group), Saputo, Milei Gmbh, Glanbia Nutritionals, Ingredia Nutritional, Hilmar Cheese Company, Inc., ARMO etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1408775
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com