Global Bovine Lactoferrin Market Is Valued At 283.74 Million US$ In 2018 And Will Reach 478.48 Million US$ By The End Of 2025
Monday, 16 Sep, 2019
Lactoferrin (LF), also known as lactotransferrin (LTF), is a multifunctional protein of the transferrin family. Lactoferrin is a globular glycoprotein with a molecular mass of about 80 kDa that is widely represented in various secretory fluids, such as milk, saliva, tears, and nasal secretions.

For industry structure analysis, the Bovine Lactoferrin industry is relatively concentrated. These manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 65.34% of the revenue market. Regionally, the major raw materials for lactoferrin are the Netherlands, Australia, New Zealand and other dairy countries. 

The consumption of bovine lactoferrin increased from 218.91 MT in 2014 to 285.52 MT in 2018 with an average growth rate of more than 7.28%. Infant formula is the largest downstream application of lactoferrin and it is expected that lactoferrin for infant formula will reach 349.11 tons in 2025.

New Zealand occupied 37.15% of the consumption market in 2018. It is followed by USA and Australia, which respectively have around 24.48% and 19.14% of the global total industry. Other countries have a small amount of consumption. Geographically, Japan was the largest consumption market in the world, which took about 57.6% of the global consumption volume in 2015. 

For price trend analysis, a key variable in the performance of Bovine Lactoferrin producers is downstream demand. In the last two years, prices have been greatly affected by market supply and demand. The reason for the soaring price of lactoferrin is derived from the new national food safety standard “Food Nutrition Enhancer Lactoferrin” GB1903.17-2016 implemented by the Chinese government in July 2017. The physical and chemical indicators of lactoferrin have been revised. Among them, the purity of lactoferrin was increased from 90% to 95%, which also led to the fact that some imported raw materials currently on the market could no longer meet this standard.

In addition, the way in which lactoferrin is produced is also an important factor in its pricing. There are many Lf separation methods reported so far, mainly including chromatography (adsorption chromatography, ion exchange chromatography, affinity chromatography, immobilized single antibody method, etc.) and ultrafiltration. The advantages of chromatography are that the separation effect is good, the purity is high, and the antibody is immobilized and can be reused. The disadvantage is that the preparation process of the column is complicated, the antibody is expensive, and it is difficult to industrialize production. The ultrafiltration method is simple in operation, relatively low in cost, and easy to form an industrial scale. The disadvantage is that the purity of the lactoferrin is low, and the membrane needs to be cleaned frequently. Ultrafiltration is one of the most productive methods for producing lactoferrin for food.

The global Bovine Lactoferrin revenue would keep increasing with annual growth rate with 6~9%. We tend to believe that this industry still has a bright future, considering the current demand of Bovine Lactoferrin.