Colostrum Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Whole Colostrum Powder, Specialty Colostrum Powder, Skim Colostrum Powder); Form (Liquid, Powder, Capsule); Application (Nutritional Supplements, Infant Food, Animal Feed, Cosmetics, Others); and Region/Country
Global Colostrum Market is expected to grow at a significant rate of around 3.5% during the forecast period. Colostrum is a nutrient-rich fluid that is produced shortly after childbirth by cows, humans, and other mammals. Colostrum is packed with growth and tissue healing components that also stimulate immunity and improve gut health as they are a rich source of protein. Colostrum is also used to make supplements which are known as bovine colostrum is highly nutritious and contains more nutrients as compared to regular milk. The increasing use of colostrum in sports and intake of colostrum in proper quantity decrease the risk of respiratory infections in athletes.
The growing use of bovine colostrum by athletes reduces the upper respiratory tract and intestinal damage. Moreover, colostrum enhances the overall athlete’s immune system. Major companies that produce food and beverages are promoting beverages, nutrition bars, and functional foods made with colostrum components. For instance, in Nov 2022, PanTheryx, an integrative digestive, and immune health company, today introduced its new Life’s First Naturals PRO bovine (cow) colostrum supplements, which are available exclusively through healthcare practitioner offices.
Colostrum BioTec GmbH, The Saskatoon Colostrum Company, Cure Nutraceutical Pvt ltd, NOW Health Group, Inc, Good Health New Zealand, Deep Blue Health NZ, PanTheryx, Biostrum Nutritech Pvt. Ltd., Biotaris BV, INGREDIA SA are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst products, Whole colostrum category to witness a significant CAGR during the forecast period”
Based on the product, the market is segmented into whole colostrum powder, specialty colostrum powder, and skim colostrum powder. The whole colostrum powder category is expected to witness a significant CAGR during the forecast period owing to the growing popularity of liquid juices with high nutritional content is driving the demand for the whole colostrum. Furthermore, these nutritional contents have received approval under the terms of the Federal Food, Drug, and Cosmetic Act (FFDCA) and the U.S. Food and Drug Administration (FDA) for use in the preparation of nutritious goods such as drinks, dairy product analogs, nutritional bars, and snacks.
“Amongst application, the nutritional supplements to hold a significant share in the market in 2020”
On the basis of application, the colostrum market has been classified into nutritional supplements, infant food, animal feed, cosmetics, and others. The nutritional supplements category is expected to witness a significant share of colostrum during the forecast period. This is mainly due to the rising demand for colostrum-enriched nutraceuticals will increase demand and aid market growth. The antibacterial, immunological, and growth-promoting properties of colostrum stimulate the development of tissues, the immune system, and the digestive system. Bovine colostrum is a nutrient-rich supplement that protects both children and adults from infectious diseases.
“APAC to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global colostrum market. This is mainly due to the rising disposable income, an increase in living standards among middle-class income groups in China and India, and favorable domestic government policies that encourage new investment and employment possibilities. Furthermore, it is anticipated that the industry participants would develop partnerships to acquire raw materials for the manufacture of colostrum due to the significant concentration of cow agricultural facilities in China, India, and New Zealand. Moreover, it is expected that the market will continue to grow at a steady rate during the forecast period owing to the high-income levels of the consumers in the region coupled with rising awareness about the importance of spending time in outdoor recreational activities for a balanced and healthy life.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The global colostrum market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
You can also purchase parts of this report. Do you want to check out a section wise
1.1. Market Definitions
1.2. Main Objective
|2.1.||Research Process of the Colostrum Market|
|2.2.||Research Methodology of the Colostrum Market|
|5||IMPACT OF COVID-19 ON THE COLOSTRUM MARKET|
|6||COLOSTRUM MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Whole Colostrum Powder|
|7.2.||Specialty Colostrum Powder|
|7.3.||Skim Colostrum Powder|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||COLOSTRUM MARKET OPPORTUNITIES|
|13||COLOSTRUM MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Five Forces Analysis|
|17.1.||Colostrum BioTec GmbH|
|17.2.||The Saskatoon Colostrum Company|
|17.3.||Cure Nutraceutical PVT LTD|
|17.4.||NOW Health Group, Inc.|
|17.5.||Good Health New Zealand|
|17.6.||Deep Blue Health New Zealand|
|17.8.||Biostrum Nutritech Pvt Ltd|
Research Methodology for the Colostrum Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global colostrum market were the three major steps undertaken to create and analyze the adoption of colostrum in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global colostrum market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the colostrum market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the colostrum market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, form, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the colostrum market. Further, we conducted factor analysis using dependent and independent variables such as various product, form, and application of colostrum. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the colostrum market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global colostrum market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the colostrum market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global colostrum market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global colostrum market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, form, and application in the global colostrum market.
The main objective of the Global Colostrum Market Study
The current & future market trends of the global colostrum market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the colostrum market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, form, and application.
- Define and analysis of the regulatory framework for the colostrum
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the colostrum market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the colostrum market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry