The growing demand for dairy products is fueling the growth of the global bovine lactoferrin market. People are realizing the benefits of milk and its by-products such as lactoferrin, a protein found in cow’s milk that is touted to have numerous health benefits. As more people adopt an extensive dairy-based diet, the demand for dairy products has grown exponentially.
Growing Adoption of Veganism Drives the Bovine Lactoferrin Market
The bovine lactoferrin industry has been booming due to the growing prevalence of lactose-intolerant individuals, which is further paving the way for the adoption of a vegan diet. Furthermore, the growing concerns regarding food safety and antibiotics have also led to the increased demand for bovine lactoferrin.
However, the high cost of bovine lactoferrin is expected to hinder the growth of the bovine lactoferrin market.
Nonetheless, the increasing prevalence of non-communicable diseases (NCD), like heart ailments and diabetes, is also anticipated to fuel the demand for bovine lactoferrin in the near future as it is said to boost the immunity for improving their overall health.
Prevalence of Anaemia Bolsters the Iron Absorption Segment
Anaemia is also known to be associated with various other factors such as low ferritin levels, low intake of iron-rich foods, low intake of vitamin B12, low intake of folate, poor absorption, and poor storage of iron. Therefore, it is essential to maintain a healthy diet, increase intake of vitamin B12, and folate, and maintain a healthy lifestyle, which further would increase the demand for the bovine lactoferrin market in the coming years.
The increasing demand for dairy by-products is expected to fuel the growth of the global bovine lactoferrin market over the forecast period and beyond.
Read More: https://www.beetribune.com/bovine-lactoferrin-market-key-players/
