PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1489910
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1489910
US Bovine Lactoferrin Market is valued approximately at USD 109.09857 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.95% over the forecast period 2024-2032. Bovine lactoferrin is a glycoprotein found in cow's milk and other mammalian secretions, such as human milk. It is an important component of the innate immune system, operating as both an antibacterial agent and an iron binding protein. Lactoferrin exhibits antibacterial, antiviral, antifungal, anti-inflammatory, and immunomodulatory effects. Also, consumers are increasingly seeking out functional foods and nutraceuticals that offer health benefits beyond basic nutrition. Bovine lactoferrin, with its diverse biological activities and potential health benefits, is being incorporated into various food and beverage products to meet this demand.
Bovine lactoferrin is increasingly recognized for its potential health benefits, including immune system support and its antimicrobial properties. As in US consumers become more health-conscious, there is a growing demand for functional foods and nutraceuticals containing bovine lactoferrin. Also, in US the market is witnessing an expansion of distribution channels, including online retail platforms, pharmacies, specialty stores, and supermarkets. This increased availability and accessibility of bovine lactoferrin products are driving market growth. However, the high cost of lactoferrin added products are expected to hinder the market growth during the forecast period 2024-2032.