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%.
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.
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.
On the basis of application, the global Colostrum market is segmented are as follows:
On the basis of form, the global Colostrum market is segmented are as follows:
By Distribution Channel
On the basis of Distribution Channel, the global Colostrum market is segmented are as follows:
By Product Type
On the basis of region, the global Colostrum market is segmented are as follows:
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.
The major key players of the global colostrum market are as follows:
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