Colostrum Market : Global Demand Analysis & Opportunity Outlook 2021

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 heights; 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.

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
• Europe
• Asia-Pacific
• Middle East And North Africa
• Rest of world

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

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
• Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
• Rest of World

Segmentation

• By Application
• By Form
• By Distribution Channel
• By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment