Bovine Lactoferrin Market to Expand at 3.7% CAGR from 2023 to 2030; Glanbia Nutritionals Launched FerriUp to Secure Competitive Edge

The global bovine lactoferrin market size stood at USD 654.0 million in 2022. The market value is slated to rise from USD 659.0 million in 2023 to USD 849.3 million by 2030 at a CAGR of 3.7% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Bovine Lactoferrin Market Size, Share & COVID-19 Impact Analysis, By Product (Spray-dried and Freeze-dried), By Application (Infant Formula, Pharmaceuticals, Dietary Supplements, Food, and Others), and Regional Forecast, 2023-2030”.

The ingredient assists in the treatment of diarrhea, intestinal ulcers, and hepatitis C. In addition, the product is deployed as an antioxidant against numerous viral and bacterial infections. The rising demand for infant formula is expected to boost industry expansion. This is owing to the decreasing breast feeding rate on account of rising working women population in Europe and the Asia Pacific regions.  

COVID-19 Pandemic Negatively Affected Industry Expansion Owing to Reduced Product Dependence On Infant Formula

The COVID-19 pandemic led to a decline in bovine lactoferrin prices over 2019-2021. This was on account of the reduced protein demand in infant formula. The market was negatively impacted owing to these factors. However, growing awareness regarding the clinical efficiency of the protein in immunity improvement helped product adoption during the pandemic period.

Glanbia Nutritionals Rolled out FerriUp to Provide Strong Nutrient Foundation to Active Women

In October 2022, Glanbia Nutritionals launched FerriUp. The solution would offer active women a strong nutrient foundation. The solution contains abundant vitamin B12 and lactoferrin levels. These ingredients would support their immune health, energy levels, and iron modulation.

As claimed by Glanbia, the fully-homogeneous whey protein has been developed by leveraging its extensive experience in the area of testing, manufacturing, formulation, and science. The company’s portfolio offers highly effective solutions that support weight management, sports performance, and joint and bone health, among others.

Market Value to Surge Owing to Preferential Shift of Population toward Domestic Products

The bovine lactoferrin market growth is driven by the rising government initiatives focused on encouraging the adoption of domestic solutions over international brands. One of the countries undertaking such initiatives is China. Additional factors favoring the industry expansion comprise the rising product deployment in various applications. These comprises of pharmaceutical, food, dietary supplements, and others.

However, the higher costs of manufacturing lactoferrin-based products may restrain industry expansion to some extent.

Companies Launch New Products to Strengthen their Market Positions

Key players are introducing various bovine lactoferrin products to strengthen their industry positions. Several companies are also adopting inorganic growth strategies to sustain market competition. Some of the other steps adopted by industry participants include merger agreements and acquisitions.

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List of Key Players:

• MILEI GmbH (Germany)


• Bega Cheese Ltd. (Australia)


• Fonterra Co-operative Group (New Zealand)


• FrieslandCampina DOMO (Netherlands)


• Beston Global Food Company Ltd (Australia)


• SAVENCIA SA (France)


• Saputo Dairy Australia Pty Ltd. (Australia)


• Noumi Limited (Australia)


• Synlait Ltd. (New Zealand)


• Glanbia Plc. (Ireland)


• Ingredia (France)   

Key Industry Development

• March 2023 – Friesland Campina Ingredients set up a new manufacturing unit in the Netherlands. Based in Veghel, the facility features new machinery particularly designed for ensuring the purity and quality of the company’s offerings.

Further Report Findings

• Asia Pacific bovine lactoferrin market share holds a dominant position in the global market. This can be attributed to the rising demand for infant formula and its increasing adoption as a complementary product to breast milk.


• The North America market registered a significant share in 2022. This can be credited to the escalating focus of domestic industry players toward the expansion of their production capacities and the surging consumption of dietary supplements.


• On the basis of product, the market is categorized into spray-dried and freeze-dried. Of these, the freeze-dried segment held a prominent market share in 2022. This was due to the antioxidant activity exhibited by the product.


• On the basis of application, this market is fragmented into food, infant formula, dietary supplements, pharmaceuticals, and others. The infant formula segment recorded the largest share in the market in 2022. This can be attributed to the rising infant formula demand among working women.

Table of Segmentation