The global bovine lactoferrin market size is projected to reach USD 949.0 million by the end of 2027. Technological advancements in manufacturing processes will have a positive impact on the growth of the overall market in the coming years. According to a report published by Fortune Business Insights , 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, 2020-2027, ”the market was worth USD 546.6 million in 2019 and will exhibit a CAGR of 5% during the forecast period, 2020-2027.

For more Information: https://www.fortunebusinessinsights.com/industry-reports/bovine-lactoferrin-market-101656

Lactoferrin is an anti-microbial that has the ability to fight severe diseases such as Crohn's disease. The product is a protein that protects the body from necrotizing enterocolitis and is also used to reduce conditions such as diarrhea. against intestinal ulcers and critical diseases such as hepatitis C. Accounting to its properties, lactoferrin is used to treat viral infections. The substance is found in human milk like colostrum, the first milk produced after the baby is born. Due to several advantages of the The massive investments in research and development of the product associated with its effects on human health will bode well for the growth of the overall market in the coming years.

Despite Several Barriers, Covid-19 Pandemic to Present Several Growth Opportunities

The recent coronavirus outbreak has created a sense of panic across the world. As the Covid-19 cases continue to rise, governments of several countries across the world are taking strict measures to curb the spread of the disease. Although this has had a negative impact on several businesses, the bovine lactoferrin market is likely to derive growth from this situation. Recent market studies have indicated that bovine lactoferrin can also be used in the fight against coronavirus; a factor that is pivotal to the growth of the market. , the Covid-19 pandemic will have a positive impact on market growth.