Bovine Lactoferrin Market Size and Top Companies and Analysis
The global bovine lactoferrin market size surpassed USD 668.21 million in 2023 and is expected to achieve USD 1,037.42 million by 2034, with a CAGR of 4.08% from 2023 to 2033. The key players operating in the bovine lactoferrin market are Bega Cheese Limited, Morinaga Co., Ltd, Noumi Limited, Nutriscience Innovations, LLC, Synlait Milk Ltd, Saputo, Inc, Tatua Co-Operative Dairy Company, Ltd, US Clinicals, Oskia Skincare Ltd, Royal Friesland Campina N.V, Savencia SA, Glanbia Plc, Inner Mongolia Yili Industrial Group Co., Ltd, Jarrow Formulas, Inc, Beston Global Food Company Ltd, Fonterra Co-operative Group Limited, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 996.75 Million |
| Market Size in 2023 |
USD 668.21 Million |
| Market Growth Rate |
4.08% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Product Type, Application, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Bovine Lactoferrin Market Companies
- Bega Cheese Limited
- Morinaga Co., Ltd
- Noumi Limited
- Nutriscience Innovations, LLC
- Synlait Milk Ltd
- Saputo, Inc
- Tatua Co-Operative Dairy Company, Ltd
- US Clinicals
- Oskia Skincare Ltd
- Royal Friesland Campina N.V
- Savencia SA
- Glanbia Plc
- Inner Mongolia Yili Industrial Group Co., Ltd
- Jarrow Formulas, Inc
- Beston Global Food Company Ltd
- Fonterra Co-operative Group Limited
Recent Developments
- In September 2024, the biotechnology startup Helaina, which uses bioactive proteins that are analogous to humans to revolutionize nutrition, has revealed that it has raised $45 million in Series B funding, increasing its total equity funding to $83 million.
- In February 2023: Morinaga Milk Industry Co., Ltd. acquired shares of Le May Production, a company focused on the import and export of infant and toddler milk. The company aims to contribute to the construction of nutritional infrastructure in Asia.
- In March 2022, according to an article published by National Center for Biotechnology Information (NCBI), South Africa has one of the lowest breastfeeding rates on the African continent as compared to other regions, due to which the key players are focusing on launching more protein products with added lactoferrin in infant formula, and capitalize on it, which stimulates the market expansion.
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