Research Nester published a report titled “North America And Europe Colostrum Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the North America & Europe colostrum market in terms of market segmentation by product type, source, form, application, distribution channel, end-user, and by countries.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The North America & Europe colostrum market accounted for USD 985.37 million in 2019 and is expected to reach USD 1,475.22 million by 2028, by growing at a CAGR of 4.58%, during the forecast period, i.e., 2021-2028. Some of the factors accountable for growth of the market include rising disposable income, and growing health concerns that are further driving the demand for numerous health & nutraceutical products across these regions. The market is segmented by product type into whole, skim and specialty colostrum, out of which, the whole colostrum segment is estimated to garner highest share throughout the forecast period. This can be attributed to the growing acceptance of whole colostrum among consumers as it helps in improving immunity and muscle strength. Based on distribution channel, the North America & Europe colostrum market is further bifurcated into online and offline channels. Among these segments, the online channel segment is estimated to grow with highest growth rate of 5.40% during the forecast period owing to notable advancements in E-Commerce and online pharmacies.
In North America, the colostrum market is primarily driven by nations such as the US, which is expected to grow at a CAGR of 5.08% over the forecast period. Factors such as the rising adoption of innovative colostrum formulations are anticipated to drive the growth of the market in the nation. Additionally, increasing investment towards healthcare from the government and private entities to maintain the highest quality of care offered in healthcare facilities, is anticipated to drive the growth of the market in North America. On the other hand, the colostrum market in Europe is expected to reach a market size of USD 619.82 million by 2028 and is driven by nations including Germany, UK, France & Italy.
Increasing Use of Colostrum Powder in Medical Nutrition Food
Nutritional deficiency amongst the geriatric population and the growing consequences of ill health for nutritional deficiency is raising the need amongst consumers to consume medicated nutritional foods that are prescribed by the healthcare specialists. Medical nutrition foods contain colostrum powder, which is rich in protein, vitamins and others. Medical nutrition foods are also consumed by several consumers who suffer health issues related to diabetes and other illnesses. Moreover, increasing awareness for nutritional foods along with the growth of key demographics are some of the additional factors anticipated to drive the growth of the North America & Europe colostrum market in the coming years.
However, the strict government regulations and complicated testing regimes on colostrum products, coupled with strict entry barriers for the market are some of the factors expected to operate as key limitations to the growth of North America & Europe colostrum market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the North America & Europe colostrum market, which includes company profiling of PanTheryx, SwissBioColostrum AG, Biotaris B.V., Ingredia Nutritional, Colostrum BioTec GmbH, Biogena GmbH & Co KG, The Saskatoon Colostrum Company, and Sterling Technology. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America & Europe colostrum market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.