PUBLISHER: DataM Intelligence | PRODUCT CODE: 1179921
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1179921
Colostrum is a crucial feed component for dairy livestock since newborn calves benefit from it because they may absorb big antibody molecules in the intestine. The emergence of new livestock diseases may cause high animal mortality, which could influence productivity and weaken the local economy, which should speed up the growth of the colostrum market. Growing health awareness among the general population has increased the consumption of nutritional supplements. Ingredients such as colostrum improve heart health, enhances immunity, and help fight diseases. The rising consumption of nutraceuticals to cure chronic disorders will increase, thus boosting the use of colostrum over the coming years.
The global colostrum market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.12% during the forecast period (2022-2029).
Market Dynamics: Growing colostrum market with a gradual shift toward novel ingredients in the cosmetics industry
The global cosmetics demand is witnessing a gradual shift towards novel ingredients, which cause minimum side effects and are highly efficient. In cosmetics, colostrum is used for treating acne and skin burn injuries as it contains the epithelial growth factor (EGF) that aids in repairing and regenerating the skin. Recently, Impure, a cosmetic company, tested its Immpure colostrum-based skin repair cream on patients with neurodermatitis, acne vulgaris, and psoriasis.
Colostrum contains growth factors that help cell growth and regeneration. Some fine cosmeceutical products, therefore, contain colostrum as an incorporation to help protect against external influences. Colostrum also subsides skin irritation and supports the treatment of skin defects. It has antibacterial effects and also positively impacts skin moisturizing. Colostrum cosmetics contribute to better skin elasticity and resistance, slowing the aging process and brightening the facial skin. For instance, Viveza Holding's brand MCE Pharma offers a complete range of premium cosmetics that the higher class prefers, along with similar kinds of products in an economical range.
However, due to the presence of many manufacturers, intense competition in the market is projected to restrict colostrum's market growth. Due to intense competition, there remains a barrier for a new player to enter the market and gain potential opportunities. This factor is expected to hinder market growth. Moreover, a lack of awareness regarding the benefits of colostrum products is expected to hinder the market growth of colostrum.
Market Segmentation: The food and beverage segment had the highest share in the global colostrum market
Dairy is a microcosm of the food industry, with the preferences of dairy consumers largely being influenced by the same trends affecting the broader food sector. In the past few years, the consumption pattern of the population has changed drastically, resulting in the emergence of the medium, small, and micro-enterprises. In contemporary times, consumers across the globe are switching towards an active lifestyle. The rise in health and wellness applications and social media marketing is grabbing the attention of colostrum manufacturers on the lookout to expand their geographical footprint. For instance, in November 2019, PanTheryx signed an agreement with VitaDairy, a nutritional dairy company, to improve children's immunity in Vietnam. Good products have to be made from good Ingredients. With the 'Enriching Human Vitality' spirit, they spent much time researching and analyzing. Then they finally believed that Colostrum in 24h is the best one, so they decided only use ColosIgG 24h for their nutrition products, which can bring the best immune nutrition in the world to Vietnamese people, especially Vietnamese children.
Geographical Penetration: North America the dominating region during the forecast period
With the innovations taking place, the demand for more supplements to fulfill the rising demands of consumers in the North American region has been attacked to an extent. Human nutrition has been an area of concern for the regional population and, in turn, a direct platform for manufacturers to do research and development. Owing to their unhealthy food habits, the US people have recognized that it is important to immune themselves in advance rather than face future complications. For instance, on 14 November 2022, PanTheryx, an integrative digestive and immune health company, introduced its new Life's First Naturals PRO bovine (cow) colostrum supplements, which are available exclusively through health care practitioner offices. Life's First Naturals PRO is powered by ColostrumOne™, a comprehensive source of immune factors, protective proteins, growth factors, and prebiotics. ColostrumOne is formulated to help keep the body's digestive system running smoothly while promoting intestinal microbiome health and regulating the body's natural immune response for children and adults. For instance, the US brand Bone Science, a trademark of the US company Redmars America Co, Ltd., is all set to launch Dr's Grow UP, a natural dietary supplement containing colostrum that will initially be available in the USA and South Korea in 2020.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2022-2029, owing to the high concentration of cattle farming facilities across India, Thailand, and China. The rise in the number of operating local players in this region is also expected to drive the regional market.
Some of the global players in the market include Colostrum Biotech Gmbh, Parag Milk Foods Pvt. Ltd, Biotaris B.V, Immuno Dynmics Inc., Ingredia SA, Cuprem Inc., Good Health New Zealand, Deep Blue Health New Zealand Ltd, The Saskatoon Colostrum Company and Cure Nutraceutical Pvt. Ltd. The competition to expand the market presence has led to strategic collaborations with mergers, acquisitions, joint ventures, partnerships, and startups. For instance, on 9 August 2022, Roots Brands launched a collagen colostrum blend. The Roots Brands is unveiling a one-of-a-kind blend of hydrolyzed bovine collagen and whole colostrum powder available as a youth-enhancing supplement. The product is made to assist and support the body in wellness, health and overall greatness. In April 2021, a global leader in the production and sale of bovine colostrum, Kilyos Nutrition Pantheryx's new commercial representative in Brazil, announced The Inclusion of Bovine Colostrum in its Portfolio. Colostrum is composed of several nutrients and bioactive components; it is nature's superfood and helps the human body strengthen and repair key structures and functions. It is used in market solutions that target the immune system, healthy respiratory, metabolic, and gastrointestinal functions, and sports nutrition.
COVID-19 Impact: Positive impact on the global colostrum market
The COVID-19 pandemic highlighted the importance of improving body immunity to curb disease progression. The rising number of coronavirus cases has especially increased emphasis on safeguarding infants. Breast milk contains properties that protect infants from various diseases due to colostrum. Furthermore, with the rising demand for protein-included diets and lactose-free products, the consumption of ingredients like colostrum will increase, influencing industry dynamics over the forthcoming years.
Increasing disposable incomes, changing lifestyles, and inclination towards bodily health in combination with hectic and time-constrained schedules among people have raised the demand for cost-effective immunity booster drinks deriving the demand for colostrum. Additionally, the COVID-19 pandemic has also raised the demand for colostrum. For instance, on 2 May 2020, The Surat District Cooperative Milk Producers Union Limited (SUMUL) developed 'cow colostrum powder,' an immunity booster to protect COVID-19 positive patients and arrest the spread of the coronavirus pandemic. Named the 'Sumul Immune Power,' the powdered supplement made from colostrum - a milky fluid released from bovine udders shortly after they have given birth - aims at enhancing the immunity of the patients already fighting the deadly infection.
The global colostrum market report would provide access to approximately 77 market data tables, 74 figures and 170 pages