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Colostrum Market : Global Demand Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Colostrum Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Colostrum is a supplement that combines is derived from specialty colostrum powder, skim colostrum powder, and whole colostrum powder. The supplement improves the immune system of an individual and as a result the colostrum finds its demand in infant nutrition, nutritional food, functional supplement and related.

In 2015, Global Colostrum market was estimated at USD 1.3 Billion and projected to reach at USD 1.6 Billion by 2021, registering a compound annual growth rate (CAGR) of 3.5%.

Market size

With 39.5% share, Asia pacific colostrum market dominates the global colostrum market at present. On the back of rise in the personal disposable income in Asian market, the demand for colostrum is further projected to expand to reach new s; India and China being the major market in this region.

North America colostrum market is growing rapidly owing to increasing health concerns amongst the population. North America colostrum market accounts 37.2% share of the global colostrum market. In North America, the U.S is the major market of colostrum market in this region at present and is expected to lead in near future.

colostrum market

Citing the awareness health benefits associated with colostrum, Europe colostrum market is expected to expand at a modest rate. Presently, Europe colostrum market accounts 22.5% share of the global colostrum market and promise decent demand from the market. CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

By Application

On the basis of application, the global Colostrum market is segmented are as follows:

  • Animal Feed
  • Human Functional Food

By Form

On the basis of form, the global Colostrum market is segmented are as follows:

  • Food Supplement
  • Drugs
  • Oral Hygiene
  • Gastro-Intestinal Functions
  • Cosmetics

By Distribution Channel

On the basis of Distribution Channel, the global Colostrum market is segmented are as follows:

  • Retailers
  • Supermarkets
  • Department stores
  • Specialty store

By Product Type

  • Whole Colostrum Market
  • Skim Colostrum Market
  • Specialty Colostrum Market

By Region

On the basis of region, the global Colostrum market is segmented are as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth drivers and challenges

Increasing awareness about health among population and the health benefits related with the consumption of colostrum are the main factors which are expected to drive the growth of global colostrum market over the forecasted period i.e. 2015-2021.

In addition to this, rise in personal disposable income of the people globally is also anticipated to drive the growth of global colostrum market in future.

However, high cost associated with high quality colostrum products, lack of product awareness and stringent government regulations are anticipated to restrain the growth of global colostrum market in upcoming years.

Key Players

The major key players of the global colostrum market are as follows:

  • Now Foods
  • Sterling Technology
  • APS Bio Group
  • Zenith Nutrition
  • Symco Inc.
  • The Renegade Pharmacist
  • Swanson Health Products
  • Canadian Protein
  • Lee Biosolutions

 


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