In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights aboutkey factors driving demand for Colostrum Market. The report tracks the global sales of the Colostrum market in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the medical device industry in general, and Colostrum in particular.
The market is further projected to expand at a CAGR of 6.5% over the forecast period of 2021-2031. Colostrum is a gift from nature in the form of first food.It constitutes a lucrative market, which has been studied by Future Market Insights (FMI) in details. According to the report, the increasing awareness about various health benefits of colostrum, will enable the market reach a valuation of US$ 3.19 Bn in 2021.
“With the rising demand forcolostrum, several manufacturers are responding with fresh, high-quality innovations that satisfy customers. The key players in the colostrum market are spending increasingly on research and development, which has resulted in the launch of various new products. In recent years, the industry has seen a slew of new product releases, many of which have boosted sales”- said a lead analyst at FMI
Key Takeaways from Colostrum Market Study
- Increasing focus on immunity and health and wellness will enable the colostrum market exhibit 5.5% y-o-y growth in 2021
- The focus on maintaining a healthy lifestyle has been increasing in the U.S., enabling the country account for above 60% of colostrum sales in North America in 2021
- Increasing consumption dietary supplements in the U.K., will enable the colostrum market exhibit above 5% y-o-y growth in 2021
- The demand from Germany and France is forecast to surge considerably in response to the increasing demand for natural ingredients in food products
- According to FMI, China will hold more than 60.8% of the share in East Asia in the year 2021. It is estimated to increase in the coming years, which is indicative of the notable scope for the expansion of companies operating in the market
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Rising Demand for Probiotics and Colostrum to Aid Growth
Probiotic products are becoming increasingly common in the fast-growing health sector. Consumption of probiotics such as lactobacillus acidophilus has increased significantly, as it promotes the growth of beneficial bacteria in the gut.By maintaining a stable intestinal climate and balance, probiotics help to prevent diseases like ulcerative colitis and colon cancer.
Probiotics in colostrum are gaining popularity as a way to help children with gastrointestinal issues. The favourable market view is expected to support manufacturers selling probiotics and colostrum products in the near future.
Prevalent patterns include an emphasis on fitness and the consumption of a balanced diet. These patterns have an effect on consumers’ habits as well as their buying decisions, making it important for manufacturers to keep up with evolving customer preferences. As a result, an increasing number of food industry players are avoiding the use of synthetic or artificial additives in their products.
Competitive Landscape
Some of the key players operating in the Colostrum market are, Colostrum BioTec GmbH, Zuche Pharmaceuticals, BiodanePharma A/S, Agati Healthcare Pvt. Ltd., McePharma, Cure Nutraceuticals Pvt. Ltd., Ingredia Nutritional (Ingredia S.A.), Sterling Technology, Biotaris B.V., NIG Nutritionals Limited, La Belle Inc. and other players.
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Colostrum Market by Category
Based on Nature, the global Colostrum market can be segmented as:
- Organic
- Conventional
Based on Product Type, the global Colostrum market can be segmented as:
- Whole
- Whole Colostrum Powder
- Skim Colostrum Powder
- Specialty Colostrum Powder
- Colostrum Finished Products
- Capsules
- Chewable Tablets
- Individuals Sachets
- Specialty Formulated Products
Based on End Use, the global Colostrum market can be segmented as:
- B2B
- Dietary Supplements
- Sports Nutrition
- Functional Foods
- Animal Nutrition
- Cosmetics
- Infant Formula
- Pharmaceuticals
- B2C
- Store-Based Retail
- Hypermarket
- Convenience Stores
- Speciality Stores
- Drug Stores
- Health & Wellness Stores
- Others
- Online Retailing
- Store-Based Retail
- Based on Animal Type, the global Colostrum market can be segmented as:
- Cow
- Buffalo
Based on Region, the global Colostrum market can be segmented as:
- North America
- Latin America
- Europe
- South Africa
- East Africa
- Oceania
- The Middle East and Africa (MEA)