Colostrum Market Highlights 2020 – 2030
The 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.
Get more information on this report: Download Sample PDF
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.
Global Colostrum Market Regional Synopsis
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.
Get more information on this report: Download Sample PDF
The colostrum market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & 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 & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the colostrum market includes the following segments:
By Product Type
- Whole Colostrum Powder
- Skimmed Colostrum Powder
- Specialty Colostrum Powder
By Application
- Cosmetics
- Animal Feed
- Functional Foods
- Dietary Supplements
By Form
- Capsule
- Powder
- Chewable Tablets
Growth Drivers
- Increasing Health Awareness of Consumers Globally
- Growing Demand for Fortified Foods and Supplements
Challenges
- High Cost of Premium Quality Colostrum Products
Top Featured Companies Dominating the Market
- NOW Health Group, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Cure Nutraceutical PVT. LTD.
- KOEPON HOLDING
- Good Health New Zealand
- PanTheryx, Inc.
- Biostrum Nutritech Pvt. Ltd.
- Sterling Technology
- Biotaris B.V.
- Immuno-Dynamics, Inc.
- Cuprem Inc.
