ESOMAR-certified consulting firm Future Market Insights has recently published a report on the global colostrum market for the forecast period 2021-2031. According to the study, the market is expected to post impressive gains, expanding staggeringly at a CAGR of 6% throughout the forecast period. Growing consumption of dietary supplements, sports nutrition, and animal nutrition is spurring the demand. Growing demand for medical nutritional food support for pregnant woman is accelerating the demand for colostrum products. Furthermore, manufacturers are increasing the production of colostrum-based products for patients with health condition such as diabetes, and supplements that improve immune system.
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According to FMI’s analysis, growing consumption of colostrum-based products such as colostrum powder for infant formula is expected to be the significant factor for the growth of market. Higher nutritional value derived from bovine colostrum and rising demand for bovine colostrum within developed and developing countries is augmenting the sales of colostrum products. Additionally, growing population of working women and string demand for colostrum-based infant products from middle-class population is fueling the demand of colostrum in the market.
Hence, prominent manufacturing companies are upgrading their product portfolios and increasing the production of colostrum-based products. For instance, Cogent launched Primestart Colostrum, a water soluble, fortified colostrum product to provide newborn calves with natural, high quality colostrum feed at birth.
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Key Takeaways from FMI’s Colostrum Market Study
Conventional nature segment is expected to be one of the most lucrative segment throughout the forecast period
Colostrum-based instant formula is anticipated to witness highest growth in terms of end-user backed by the surging demand of bovine colostrum
In terms of product, colostrum finished products holds the largest market share
Cow is expected to be the chief source of colostrum, accounting for 75% of market share through 2021
China’s colostrum market is set to expand at 4.9% CAGR through 2031 and accounts for over 60% of market share in South Asia
Manufacturing of antibiotics and presence of key manufacturers in the region will provide lucrative opportunities across India
Australia is anticipated to hold a major chunk of global market share
UK and Germany, collectively are anticipated to contribute the highest in Europe colostrum market through 2021 & beyond
United States is expected to remain dominant throughout the forecast period, accounting for over 60% of market share
“Increasing focus on immunity, health and consumption of natural &organic food supplements will accelerate the manufacturing of colostrum-based products, providing ample of growth opportunities for manufacturers,” says the FMI analyst.
Colostrum Biotech GmbH, Zuche Pharmaceuticals, Biodane Pharma A/S, Agati Healthcare Pvt. Ltd., McePharma, Cure Nutraceuticals Pvt. Ltd., Ingredia Nutritional, Sterling Technology, Biotaris B.V., NIG Nutritionals Limited, and La Belle Inc. are some of the leading colostrum manufacturers profiled by FMI’s report. Key players are focusing on new product launches and are incorporating diverse range of colostrum formats in food products like bakery and confectionary.
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For instance, on April 30th 2021, Kilyos Nutrition announced the partnership with Pantheryx, to represent its premium brand with the inclusion of Bovine Colostrum in its product portfolio.
Also, in November 2019, PanTheryx, a biotechnology company, announced the exclusive multimillion dollar agreement between APS BioGroup and VitaDairy in Pediatric and Maternal immunonutrition.
Furthermore, Biochem announced the launch of B.I.O.Ig energy 15% of Bovine Colostrum Powders.
More Insights on the Global Colostrum Market
In its latest report, FMI offers a detailed segmentation on the global colostrum market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of nature (organic and conventional), product (whole colostrum powder, skim colostrum powder, specialty colostrum powder, capsules, chewable tablets, individual sachets, and specialty formulated products), end-use (B2B (dietary supplements, sports nutrition, functional foods, animal nutrition, cosmetics, infant formula, and pharmaceuticals), B2C (store-based retail, hypermarket, convenient stores, specialty stores, drug stores, health & wellness stores, and others) and online retailing), animal type (cow and buffalo) across six major regions (North America, Latin America, Europe, South Africa, East Africa, Oceania and Middle East & Africa)