Bovine Lactoferrin Market Share, Growth Insight, Size, Analysis, Regional, Forecast To 2026

[Nita Sonwane]

Surge in clinical trials by pharmaceutical companies for the establishment of lactoferrin is expected to favor growth of the global bovine lactoferrin market, says Fortune Business Insights in a report, titled “Bovine Lactoferrin Market Size, Share & Industry Analysis, By Product (Spray-dried, and Freeze-dried), By Application (Infant Formula, Pharmaceuticals, Dietary Supplements, Food, and Others), and Regional Forecast, 2019-2026.” The global bovine lactoferrin market size was valued at USD 507.3 Million in 2018 is expected to reach USD 551.8 Million by 2026, exhibiting a CAGR of 1.0%.

For more Information: https://www.fortunebusinessinsights.com/industry-reports/bovine-lac...

As per the report, on the basis of product type, the bovine lactoferrin market is segmented into spray-dried and freeze-dried. The freeze-dried segment is predicted to account for the highest share in the market owing to the technical superiorities of freeze-dried lactoferrin including better quality and purity of the product, and comparatively higher iron-binding capacity over spray-dried lactoferrin.

The lower operating cost of freeze-drying technology is also an important factor that has impelled manufacturers to employ freeze-drying technology for the manufacturing of lactoferrin. This factor will further aid the growth of the market.

Increasing Technological Advancements In Lactoferrin Will Propel Growth

The rising focus of key players towards optimizing the manufacturing of lactoferrin. This factor has led to the introduction of new techniques of lactoferrin production, which then offers advanced products into the market.

The operational and clinical benefits of the freeze-drying technique have impelled market players to adopt the manufacturing technique of lactoferrin. Furthermore, bovine lactoferrin market trends rising demand for bovine lactoferrin due to its advantages such as minimal effects of denaturation of proteins, improved quality and purity of the final product and better stability.