PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259855
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259855
The global colostrum market size is expected to reach USD 2,332.00 million by 2032, according to a new study by Polaris Market Research. The report "Colostrum Market Share, Size, Trends, Industry Analysis Report, By Product (Whole Powder, Skimmed Powder, and Specialty Powder); By Application; By Form; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The consumption pattern of consumers across the globe has drastically changed due to the emergence of various medium, small, and micro-enterprises. The rise in consumer awareness regarding health and wellness, along with the increasing prevalence of social media marketing, that is significantly grabbing the attention and focus of colostrum manufacturers to expand their product portfolio and geographical footprint by introducing several new products and inauguration various large production facilities, thereby influencing the global market growth and demand.
For instance, in November 2022, PanTheryx introduced its extra-strength colostrum supplement specially formulated for the healthcare practitioner channel. The new product launch is an extension of their Life's First Naturals consumer brand, which undergoes a special process for protecting the bioactive components from enzymes and digestive acids.
Animal colostrum has also been consumed as a health food or for medical purposes along with the central practices, as consumers believe that animal colostrum is a crucial component of the development of healthy children and supportive of infirmed adults. Moreover, the pharmaceutical & biotechnological industries have shown significant interest in the bovine colostrum as a key source of growth factors and many other specific bioactive components. Presently, rising investments in pharmaceutical research are underway to examine the potential benefits of its use in several gastroenterological conditions.
In recent years, colostrum has gained significant traction, as it helps create a coating over the intestine to prevent germ attacks. In addition, food and beverage manufacturers worldwide have significantly increased their expenditure on developing products by utilizing several novel milk constituents, including HMO and colostrum, which is creating lucrative growth opportunities for the market over the coming years.
Whole powder segment accounted for considerable market share in 2022, which is mainly accelerated by increasing adoption of colostrum whole powder in the formulation of various nutritional supplements
Nutritional supplementation segment held the considerable market revenue share in 2022, owing to increased consumer awareness regarding the benefits of these supplements among health-conscious consumers
Powder segment is projected to hold largest market over the forecast period, which is mainly driven by increased adoption of colostrum powder products as a superfood that support the gut health
Asia Pacific region is expected to grow at a significant CAGR during the anticipated period, on account of increasing consumer spending capacity on their well-being and healthy lifestyle
The global key market players include Saskatoon Colostrum, Cure Nutraceutical, Jarrow Formulas, Ingredia Nutritional, Sterling Technology, & Biotaris.
Polaris Market Research has segmented the colostrum market report based on product, application, form, and region:
Colostrum, Product Outlook (Revenue - USD Million, 2019 - 2032)
White Powder
Skimmed Powder
Specialty Powder
Colostrum, Application Outlook (Revenue - USD Million, 2019 - 2032)
Nutritional Supplementation
Animal Feed
Others
Colostrum, Application Outlook (Revenue - USD Million, 2019 - 2032)
Liquid
Powder
Capsule
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa