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
IN THE NEWSThe colostrum market is estimated to garner a large amount of revenue by recording a CAGR of ~4% over the forecast period, i.e., 2021 – 2030. The growth of the market can be attributed to the growing health awareness of consumers, increasing demand for fortified foods and supplements around the world, and rising usage of colostrum in cosmetic industry. The market for health and wellness food was calculated to generate a revenue of more than USD 766 billion in 2019. This amount rose up to approximately USD 790 billion in 2020. Furthermore, fortification of colostrum in infant formulas and probiotic yogurt is also expected to drive market growth in the upcoming years. In addition, escalating trend for sports and fitness coupled with increase in disposable income of people is also predicted to offer ample growth opportunities to the market in the near future.
The market is segmented by product type into whole, skimmed and specialty colostrum powder, out of which, the segment for whole colostrum powder is anticipated to hold the largest share in the Colostrum market on account of the fact that it provides better shelf life when used for the formulation of functional foods. Additionally, increasing use of whole colostrum for the production of beverages, snacks and nutritional bars is also assessed to boost the growth of this segment in the coming years. Moreover, on the basis of application, the cosmetics segment is evaluated to witness the highest growth during the forecast period owing to the benefits of colostrum such as skin moisturization, slowing down of ageing process, protection against bacteria and aid in skin irritation.
On the basis of geographical analysis, the colostrum market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America region is estimated to occupy the largest market share over the forecast period on the back of presence of health-conscious population in Canada and the U.S., and compelling brand campaigns to promote healthy lifestyle and balanced diet. Moreover, the market in Asia Pacific is projected to witness the highest CAGR during the period, which can be credited to the improvement in standards of living of the middle-class populations and growing government investments to expand the food & beverage industries in the region. Along with this, large concentration of cattle farming facilities in nations, namely India, New Zealand and China is also anticipated to fuel the growth of the market in this region. According to the Stats NZ agency, the total dairy cattle numbers in New Zealand increased by 82% nationally between 1990 and 2019. In 2019, 6.3 million cattle were farmed in the country.
The colostrum market is further classified on the basis of region as follows:
Our in-depth analysis of the colostrum market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.
The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.
The cosmetics segment is anticipated to hold largest market size and is estimated to grow at a noteworthy CAGR over the forecast period and display significant growth opportunities.
Asia Pacific region will provide more business opportunities on the back of improvement in standards of living of the middle-class populations in the region.
The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.
The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.
The market is segmented by product type, application, form, and by region.
The cosmetics segment is anticipated to hold largest market size and is estimated to grow at a noteworthy CAGR over the forecast period and display significant growth opportunities.
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