Global Colostrum Market to Surpass US$ 5,148.7 Mn by 2030
The global colostrum market size is projected to reach US$ 5,148.7 Mn by the end of 2030. The market was valued at US$ 3,046.0 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 6.4% between 2020 and 2030. Importance of preventative healthcare for consumers and thus increase in the intake of dietary supplements is contributing to the rising demand for colostrum globally.
Colostrum Market- Key Research Findings
- The global colostrum market is expected to rise at a CAGR of 6.4% over 2020-2030
- Powder remains the preferred form; the capsule segment is expected to gain traction
- Key manufacturers are focusing on investing in fortified food products to capitalize on prevailing prospect
- Latin America market will have relatively higher growth over the forecast period
Key Factors Shaping Colostrum Market
Rising Demand of Healthy Foods and Immunity Boosting Products in Developed Countries
Colostrum has been known to be responsible for increasing immunity in infants. There is considerably high demand for colostrum, not only for infant nutrition but also for adult consumption. Consumers are more concerned about their health nowadays. They have started taking preventive measures to avoid high costs of hospitals later. This has resulted in the intake of dietary supplements to boost immunity. Colostrum has various nutrients with antibodies or immunoglobins being the most important of all. It is available in powder or capsule form, which aids in the expansion of the overall market.
Demand for Probiotic Plus Colostrum Products to Aid Growth
In the fast-growing health sector, the popularity of probiotic products is increasing at a high rate. There has been a relatively significant increase in consumption of probiotics such as lactobacillus acidophilus, as it promotes the growth of beneficial bacteria in the gut. Consumption of probiotics helps to prevent diseases such as ulcerative colitis and colon cancer by ensuring a healthy intestinal environment and balance. The inclusion of probiotics in colostrum is gaining traction to improve gastrointestinal problems in children. Manufacturers offering probiotics plus colostrum products are anticipated to be benefited by the positive consumer perception in the foreseeable future.
Colostrum Market: Structure Analysis
- Some of the key manufacturers operating in the global colostrum market, as described in the study, are APS Biogroup, Sovereign Laboratories, NOW Health Group, Inc., Biostrum Nutritech Pvt. Ltd., Genceutic Naturals, Cure Nutraceutical PVT. LTD., Vivesa holding s.r.o., Agati Healthcare Pvt Ltd, Biodane Pharma A/S, Bionatin Bv, PuraLife, LLC., MIP Colostrum NZ, Farbest Brands, Jarrow Formulas Inc., BIN Science LLC., and Others.
Base year considered
2015 - 2020
2020 - 2030
Market Value in 2020
US$ 3,046.0 Mn
Nature, Form, End-Use, Sales Channel, and Region
North America, Latin America, Europe, MEA, Asia Pacific Excluding Japan, and Japan
APS Biogroup, Sovereign Laboratories, NOW Health Group, Inc., Biostrum Nutritech Pvt. Ltd., Genceutic Naturals, Cure Nutraceutical PVT. LTD., Vivesa holding s.r.o., Agati Healthcare Pvt Ltd, Biodane Pharma A/S, Bionatin Bv, PuraLife, LLC., MIP Colostrum NZ, Farbest Brands, Jarrow Formulas Inc., BIN Science LLC., and others
Powder and Organic Segments Hold the Maximum Share in Terms of Form and Nature, Respectively
The powder segment is anticipated to account for the largest share in the global colostrum market on the basis of form. Colostrum powder has a diverse range of applications as it is one of the best sources of nutrients. Colostrum powder is used by several end-use industries such as food, beverage, pharmaceutical, nutraceutical, cosmetics, along with cosmeceutical for the production of various products. Due to increasing demand from all end-use industries, the market for colostrum is anticipated to grow in the forecast period.
In terms or nature, the conventional segment is expected to remain dominant in the market through the course of the report’s forecast period.
Economic Expansion to Offer Major Growth Opportunities in Developing Nations
Regionally, the global colostrum market covers North America, Latin America, Europe, MEA, APEJ, and Japan. Among these regions North America and Asia Pacific Excluding Japan (APEJ) are the leading the market for colostrum. According to the study, North America is forecast to remain dominant in the market, however, growth witnessed across emerging nations is likely to increase as well. In North America the market will be driven by impressive campaigns undertaken to promote balanced nutritional intake and a healthy lifestyle will drive the colostrum market. In Asia Pacific the market is likely to benefit from improving living standards of people in emerging nations such as India and China.
Awareness on Health Benefits Associated with Colostrum-based Products Boosts Growth
Functional foods are fortified (enriched) with vital nutrients; the increasing concern regarding food & health has led to consumers showing higher inclination towards functional foods. The physiological advantage of functional food product over dietary supplements is that the former is presented to the consumer in a natural form not as a pill or syrup. Moreover, functional food products can be consumed as a part of the diet to remain healthy in a more organic way. Colostrum-based functional food products support the growth of health-friendly bacteria inside the body, and applications of colostrum are increasing significantly in functional foods, especially in beverages.
Conventional segment holds dominance
Organic segment to rise at a higher CAGR
Powder segment holds the leading market share
Capsule segment forecast to higher growth rate
Functional food segment holds the leading market share
Cosmetics segment forecast to higher growth rate
B2B/Direct Sales holds leading share
Health & Wellness Store to show optimistic CAGR
How Growth will Unfold
Focus on wellness and intake of a healthy diet constitute prevailing trends. These trends not only impacting the lifestyle of consumers but also their purchase decisions, making it imperative for manufacturers to keep stride with the dynamics of consumer inclinations. Thus, a growing number of players in the food industry are shunning the application of synthetic or artificial additives for the production of organic products. Additionally, these days’ customers have easy access to information– thanks to technological innovations. They often read ingredient labels of food products before purchasing. Due to this predominant trend, increasing number of manufacturers are using colostrum in their offerings. Through these strategies, they aim at gain competitive advantage in the market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Colostrum Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the colostrum market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Colostrum Market Taxonomy
The global colostrum market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Dietary Supplements
- Sports Nutrition
- Functional Food
- Animal Nutrition
- Infant Formula
- Convenience Store
- Specialty Store
- Drug Stores
- Health & Wellness Stores
- Other Retailing Format
- Online Retailing
- North America
- Latin America
- Middle East & Africa
- Asia Pacific Excl. Japan
The executive summary of the colostrum market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global colostrum market.
Readers can find the detailed segmentation and definition of the colostrum market in this chapter, which will help them understand basic information about the colostrum market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the colostrum market report.
The associated industry assessment of the colostrum market is carried out in this section. The macroeconomic factors affecting growth of the colostrum market are provided in this section and the impact of these macroeconomic indicators on the colostrum market is analyzed. The processing overview and technological advancements in the colostrum market is also provided.
Profit margins at each level of the colostrum market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the colostrum market are explained in this chapter. Opportunities and ongoing trends in the Colostrum market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Colostrum market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030). This chapter provides details about the Colostrum market on the basis of grade, and end-use application. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the Colostrum market is anticipated to grow across North America, Latin America, Europe, the Middle East and Africa, APEJ, and Japan.
This chapter includes a detailed analysis of the growth of the Colostrum Market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Colostrum Market in the Latin America region. This chapter also includes growth prospects of the Colostrum Market in leading LATAM countries such as Brazil, Mexico, Chile, Peru, Argentina, and Rest of Latin America.
Important growth prospects of the Colostrum Market based on its end user in several countries such as EU4, BENELUX, Nordic, Russia, Poland and Rest of Europe are included in this chapter.
This chapter offers insights into how the Colostrum Market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Iran, Israel, and the Rest of MEA, during the forecast period 2020-2030.
This chapter includes a detailed analysis of the growth of the Colostrum Market in the APEJ region, along with a country-wise assessment that includes, India, Australia, Thailand, Indonesia, Malaysia, Vietnam, Philippines, and Taiwan. Readers can also find regional trends, regulations, and market growth of countries in the Asia Pacific region.
This chapter includes a detailed analysis of the growth of the Colostrum Market in the Japan. Readers can also find regional trends, regulations, and market growth of the Japan.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Colostrum Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Colostrum Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Leiber GmbH, Lallemand, Inc., Angel Yeast Co. Ltd., Tangshan Top Bio-Technology Co., Ltd., Alltech, Orffa, Vinayak Ingredients (India) Pvt. Ltd., Associated British Foods Plc, Zhuhai Txy Biotech Holding Co., Ltd., Biofeed Technology Inc.and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Colostrum Market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Colostrum Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits