Overview and Scope
Colostrum is the nutrient-rich first milk produced by the mammary glands of mammals, including humans, right after the delivery of a newborn. It includes proteins, antibodies, and others that are used to improve immunity, and gut health and provides nutrition to infants.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the colostrum market in 2023. The regions covered in the colostrum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the colostrum market report are APS Biogroup Inc., Biostrum Nutritech Pvt. Ltd., Biotaris B.V., Cuprem Inc., Cure Nutraceutical Pvt. Ltd., Deep Blue Health NZ, Good Health Co., Immuno-Dynamics Inc., Ingredia SA, La Belle Inc., NIG Nutritionals Limited, Now Health Group Inc., PanTheryx Inc., Sterling Technology, The Saskatoon Colostrum Company Ltd., Colostrum BioTec GmbH, Puralife LLC, New Image International, Imu-Tek Inc., Changfu Milk, Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Biova LLC, BioCordis Corporation, Proliant Biologicals, Biodane Pharma A/S, Agati Healthcare Pvt. Ltd., Bioiberica S.A.U., Synlait Milk Ltd., Fonterra Co-operative Group Limited, Life Time Vitamins
The colostrum market report table of contents includes:
1. Executive Summary
2. Colostrum Market Characteristics
3. Colostrum Market Trends And Strategies
4. Colostrum Market – Macro Economic Scenario
5. Global Colostrum Market Size and Growth
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31. Global Colostrum Market Competitive Benchmarking
32. Global Colostrum Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Colostrum Market
34. Colostrum Market Future Outlook and Potential Analysis
35. Appendix
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