Bovine Lactoferrin Market Regional Analysis:
North American Market Insights
North America region is expected to account for more than 40.8% market share by 2035, driven by increasing consumption of dietary supplements and growing health awareness. For instance, till 2019, approximately 75% of adults in the United States were consuming dietary supplements. Further, the presence of major manufacturers of bovine lactoferrin, who are prominently influencing the market in the region. In addition, an increase in the clinical trials, coupled with increasing usage of infant formula as of the recent approval by the FDA, and a significant boost in the ratio of specialty stores are some added factors that are projected to drive the market growth further throughout the projected time frame in the region.
APAC Market Insights
Furthermore, the Asia Pacific bovine lactoferrin market is estimated to display notable market growth by the end of 2035. The dynamically growing demand for infant formula as a result of the decreasing breastfeeding ratio, followed by the rising demand for dietary supplements to gain an increased amount of nutritional benefit among the people of this region, can be attributed to the market's growth. For instance, next to the United States, Asia is the region with the highest supplement usage, as nearly 45% of Asians claimed that they have been consuming dietary supplements.
