Bovine Lactoferrin Market Size, Share, Growth Analysis, By Product (Freeze-Dried, Spray-Dried), By Application (Infant Formula, Dietary Supplements), By Region - Industry Forecast 2024-2031

Global Bovine Lactoferrin Market size was valued at USD 262.9 million in 2022 and is poised to grow from USD 285.25 million in 2023 to USD 547.85 million by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).

The global bovine lactoferrin market is experiencing significant growth due to its diverse applications across various industries. Bovine lactoferrin, a multifunctional protein derived from cow's milk, is valued for its potential health benefits and functional properties. In the food and beverage sector, it is utilized as a nutritional supplement in infant formulas, dietary products, and functional foods due to its immune-enhancing and iron-binding properties. Moreover, bovine lactoferrin finds application in the pharmaceutical industry for its antimicrobial, anti-inflammatory, and immune-modulating properties. It is incorporated into pharmaceutical formulations, dietary supplements, and skincare products. The increasing consumer interest in natural and bioactive ingredients has further boosted the demand for bovine lactoferrin-based products. The growing awareness of health and wellness, coupled with rising research and development activities, is driving the market's expansion. Additionally, the demand for bovine lactoferrin is propelled by its potential applications in animal feed and veterinary health products for enhancing animal health and productivity.

US Bovine Lactoferrin Market is poised to grow at a sustainable CAGR for the next forecast year.