The Colostrum Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Colostrum Global Market Report 2024, The colostrum market size has grown steadily in recent years. It will grow from $1.76 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to health and wellness awareness, rising interest in natural and functional foods, expanding nutraceutical industry, research on colostrum’s health benefits, increased demand in infant nutrition.
The colostrum market size is expected to see steady growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to expanding functional beverage market, focus on immune health, expanding e-commerce platforms, rise in pet supplements market, innovations in product formulations. Major trends in the forecast period include demand for nutritional supplements, expanding applications in functional foods, rising interest in sports nutrition, focus on sustainable and ethical sourcing, clinical applications in medicine.
Growing demand for animal feed formulations is expected to propel the growth of the colostrum market going forward. Feed formulation is the process of creating a balanced diet for animals by selecting and mixing various feed components in appropriate amounts to meet the specific nutritional needs of the animal. Colostrum replacer contains greater levels of IgG and other nutrients and provides an effective, convenient method of providing passive immunity to calves when maternal colostrum is not available. For instance, according to Alltech, a US-based nutrition company, the feed production of North America, which was 259 million tons in 2021, increased to 261 million tons in 2022. Therefore, the growing demand for animal feed formulations is driving the colostrum market.
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The colostrum market covered in this report is segmented –
1) By Product: Whole Powder, Skimmed Powder, Specialty
2) By Form: Liquid, Powder, Capsule
3) By Source: Cow, Buffalo, Bovine
4) By Nature: Conventional, Organic
5) By Application: Dietary Supplements, Animal Feed, Cosmetics, Infant Formula, Pharmaceuticals, Nutraceuticals
Major companies operating in the colostrum market are developing innovative products such as fortified colostrum to support calf health. Fortified colostrum is colostrum that has been enhanced with additional ingredients to further boost its potential health benefits. For instance, in April 2021, Cogent Breeding Ltd., a UK-based livestock breeder launched Primestart Colostrum, a complete replacer for the newborn calf. Primestart Colostrum is designed to mix up to 2 liters and is available in bulk powder format or as a finished consumer good in capsules, tablets, and sachets. The introduction of Primestart Colostrum reflects the growing demand for functional foods and supplements, particularly in the animal feed industry, where colostrum is used to improve the health and growth of young animals
The colostrum market report table of contents includes:
1. Executive Summary
2.Colostrum Market Characteristics
3. Colostrum Market Trends And Strategies
4. Colostrum Impact Of market analysis
5.Colostrum Market Size And Growth
6.Colostrum Segmentation
7.Colostrum Regional And Country Analysis
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27.v Competitive Landscape And Company Profiles
28.Colostrum Key Mergers And Acquisitions
29. Colostrum Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- APS Biogroup Inc.
- Biostrum Nutritech Pvt. Ltd.
- Biotaris B.V., Cuprem Inc.
- Cure Nutraceutical Pvt. Ltd
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