The Colostrum Market Growth impelled by nutritional benefits of colostrum for athletes and role of colostrum in animal husbandry; while skimmed colostrum powder segment is expected to grow at a fast pace over the forecast period.
Pune, India., May 11, 2021 (GLOBE NEWSWIRE) -- Colostrum Market: Key Insights
According to our new research study on “Colostrum Market to 2027 – Global Analysis and Forecast – by Product and Application,” the Colostrum Market Size was valued at US$ 1,418.90 million in 2018 and is projected to reach US$ 1,987.87 million by 2027; it is expected to grow at a CAGR of 3.9% during 2020–2027. A key role of colostrum in animal husbandry and nutritional benefits conferred by colostrum among athletes are among the key factors contributing to the market growth. However, stringent regulations on the use of bovine colostrum in infant formula is hindering the colostrum market growth.
Colostrum Market: Competition Landscape and Key Developments
Saskatoon Colostrum Company Ltd.; Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH; Dairy Tech Inc.; ImmuCell Corporation; Immuno-Dynamics, Inc.; E.C.I.; coloQuick Int.; BIOSTRUM NUTRITECH PVT. LTD.; Fonterra Co-Operative Group; and PanTheryx are among the key companies operating in the global colostrum market. These companies focus on growth strategies such as collaboration, product launches, business expansions, and agreements to retain their positions in the global market.
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In 2018, North America held the largest share of the global colostrum market, and the US accounts for the largest share of the market in this region. The growth of the colostrum market in the US is attributed to the rising awareness about the health benefits of colostrum and increasing regulations for the dairy industry for using colostrum as an ingredient.
Colostrum contains natural antibodies as well as proline-rich polypeptides or colostrum polypeptides (CPs), which are the short chains of amino acids. These biomolecules act as immune system modulators, i.e., they help suppress an overactive immune system or stimulate an underactive immune system. The immune modulation function of colostrum assists immune systems to gain a state of balance, mainly when it has been overtaxed by exercise. In addition to colostrum polypeptides, lactoferrin present in colostrum helps eliminate bacteria by chelating iron ions needed for their reproduction. Skilled and amateur athletes commonly search for better ways to improve their performance. Bovine colostrum provides an alternative to traditional supplements available for athletes of all skill levels and all ages.
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Colostrum Market: Segmental Overview
Based on product, the colostrum market is segmented into whole colostrum powder, skimmed colostrum powder, and specialty. In 2018, the whole colostrum powder segment dominated the market. Whole colostrum powder is a versatile product and simple to use and is the most elegant solution used to achieve health objectives. It is used in applications such as beverages & beverages, milk and milk products, dairy product analogs, and nutrition bars and snacks.
The colostrum market, by application, is segmented into nutritional supplementation, animal feed, and others. In 2018, the nutritional supplementation segment dominated the market. Nutritional supplements deliver proteins, minerals, vitamins, amino acids, or other nutritional substances. The dietary or nutritional supplements are commonly ingested in a tablet, capsule, or liquid form. These products can boost the overall health and energy status of the body, and they can also reduce the risks of illness and age-related conditions, thus providing support to the immune systems.
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Impact of COVID-19 Pandemic on Colostrum Market:
As of April 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms COVID-19 cases and deaths. Food & beverages is one of the major industries suffering serious disruptions in the form of supply chain breaks, technology event cancellations, production plant shutdown, etc., due to this outbreak. The suspension of various plant and factory operations in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and goods sales. In addition to this, the travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. These factors are hampering the food & beverages industry and restraining the growth of various markets related to this industry, including the colostrum market.
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