PUBLISHER: The Business Research Company | PRODUCT CODE: 1414120
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414120
“Colostrum Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on colostrum market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for colostrum? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The colostrum market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Colostrum, a nutrient-rich milk produced by the mammary glands of mammals post-delivery, including humans, serves as a valuable reservoir of proteins, antibodies, and essential elements. This milk variant plays a pivotal role in bolstering immunity, supporting gut health, and providing vital nutrition to newborns.
Within the colostrum market, notable product categories comprise whole powder products, skimmed powder products, and specialized items. Whole powder colostrum, derived from the initial post-birth days of cows and other animals, undergoes processing and drying to yield a powdered supplement for human consumption. These products are available in various forms such as liquid, powder, and capsules, sourced from animals such as cows, buffaloes, and bovines. Offered in both conventional and organic variants, whole powder colostrum serves diverse sectors, including dietary supplements, animal feed, cosmetics, infant formula, pharmaceuticals, and nutraceuticals.
The colostrum market research report is one of a series of new reports from The Business Research Company that provides colostrum market statistics, including colostrum industry global market size, regional shares, competitors with a colostrum market share, detailed colostrum market segments, market trends and opportunities, and any further data you may need to thrive in the colostrum industry. This colostrum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 witnessed in the historical period can be attributed to increased awareness of health and wellness, a rising interest in natural and functional foods, the expanding nutraceutical industry, ongoing research emphasizing the health benefits of colostrum, and a growing demand in the field of 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 anticipated growth in the forecast period can be attributed to various factors, including the expansion of the functional beverage market, an increased focus on immune health, the growing influence of e-commerce platforms, a rising market for pet supplements, and continuous innovations in product formulations. Notable trends expected during this period include an increasing demand for nutritional supplements, the broader utilization of colostrum in functional foods, a growing interest in sports nutrition, a heightened emphasis on sustainable and ethical sourcing practices, and the exploration of clinical applications in the field of medicine.
The colostrum market is projected to undergo growth driven by the increasing demand for animal feed formulations. This growth is fueled by the feed formulation process, where a balanced diet for animals is crafted by selecting and combining various feed components in suitable quantities to meet specific nutritional requirements. Colostrum replacer, enriched with elevated levels of IgG and other essential nutrients, serves as an efficient and convenient method for providing passive immunity to calves in scenarios where maternal colostrum is unavailable. Notably, the reported feed production in North America by Alltech, a US-based nutrition company, witnessed an increase from 259 million tons in 2021 to 261 million tons in 2022, underscoring the growing importance of animal feed formulations as a driving force in the colostrum market.
The colostrum market is poised for expansion, driven by rising consumer awareness and a shift towards healthier food choices. With consumers increasingly prioritizing health and nutrition, there is a heightened demand for colostrum-enriched nutraceuticals. These products offer a spectrum of macronutrients and micronutrients, including proteins, carbohydrates, vitamins, and minerals, contributing to overall health enhancement. Colostrum-enriched nutraceuticals are recognized for their efficacy in addressing specific health issues such as diarrhea and inflammatory bowel disease, attributed to their content of disease-fighting antibodies. The 2022 Food and Health Survey by the International Food Information Council (IFIC), a US-based organization, highlights evolving consumer preferences, particularly among Gen Z and Millennials expressing concerns about the environmental impact of their diets. Additionally, a growing number of Americans are adopting specific diets or eating patterns in 2022, indicative of a heightened interest in health-conscious choices. This evolving consumer awareness and preference shift stand as key drivers propelling the growth of the colostrum market.
Major players in the colostrum market are actively engaged in developing innovative products, including fortified colostrum, to support calf health. Fortified colostrum involves enhancing colostrum with additional ingredients to amplify its potential health benefits. An example of this trend is evident in the launch of Primestart Colostrum by Cogent Breeding Ltd., a UK-based livestock breeder, in April 2021. Primestart Colostrum, designed as a complete replacer for newborn calves, can be mixed up to 2 liters and is available in bulk powder format or as a finished consumer good in capsules, tablets, and sachets. This innovation caters to the growing demand for functional foods and supplements, especially in the animal feed industry, where colostrum plays a crucial role in enhancing the health and growth of young animals.
The colostrum market is characterized by a key trend of product innovations, with major companies focusing on developing cutting-edge products to solidify their market positions. In November 2022, Pantheryx Inc., a US-based health, nutrition, and biotechnology company specializing in bovine colostrum products, introduced ColostrumOne extra strength. This new matrix-protected bovine colostrum is designed for healthcare practitioners and boasts higher immune protection compared to other colostrum products. Research conducted on an in-vivo model of colitis revealed that specific processing mechanisms protect bio-actives from acid and digestive enzymes, preventing severe intestinal damage and inflammation.
In May 2022, Glanbia Nutritionals Inc., an Ireland-based nutrition company, acquired Sterling Technology Inc. for $60 million. This acquisition is aimed at expanding Glanbia Nutritionals Inc.'s bioactive solutions portfolio to meet client demands and achieve growth objectives. Sterling Technology, a US-based developer of bioactive health and veterinary nutrition solutions derived from colostrum, plays a key role in enhancing Glanbia Nutritionals Inc.'s capabilities in this sector.
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
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
The countries covered in the colostrum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The colostrum market consists of sales of IgG (IgG1 and IgG2), IgA and IgM. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.