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The colostrum market size is projected to reach US$ 1.48 billion in 2023 and is projected to reach US$ 2.40 billion by 2031; it is estimated to register a CAGR of 6.3% during 2023–2031. Rising demand for colostrum from pharmaceuticals and dietary supplements contributes to the growth of the global colostrum market
Colostrum Market Analysis
North America held the highest market share in the global colostrum market in 2023. This is attributed to the increased demand for colostrum from pharmaceuticals and dietary supplement applications in the region. The US was the largest contributor to the region, with a market share of 78.56% in 2023. Asia Pacific is expected to grow at the fastest CAGR of 7.1% over the forecast period 2023–2031. China, Japan, and India are among the largest contributors to the Asia Pacific market. The growing demand for colostrum from pharmaceuticals & dietary supplements and personal care applications in the regions is expected to drive the colostrum market in Asia Pacific over the forecast period.
Colostrum Market Overview
Colostrum is utilized as an ingredient in functional food and beverages, animal nutrition, pharmaceuticals, nutraceuticals, and personal care industries due to various benefits. In the food and beverages industry, it boosts immune functions, promotes digestive health, and enhances overall strength. In the animal sector, colostrum enhances immunity, promotes faster growth, and improves disease resistance. In personal care products, it is used due to its regenerative and antiaging properties. In food and beverage applications, the demand for colostrum is increasing owing to its nutritional profile and health benefits. Its high concentration of antibodies, growth factors, and bioactive compounds supports immune function, gut health, and overall wellness. Consumers are increasingly seeking functional foods and beverages that offer natural and holistic health benefits, driving the incorporation of colostrum into a variety of products such as beverages, nutritional bars, and immunity-boosting drinks. In addition, the increase in innovations in the food and beverages manufacturing process further contributed to the market growth.
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Colostrum Market: Strategic Insights
Market Size Value in US$ 1,418.90 Million in 2018 Market Size Value by US$ 1,987.87 Million by 2027 Growth rate CAGR of 3.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Colostrum Market: Strategic Insights
Market Size Value in | US$ 1,418.90 Million in 2018 |
Market Size Value by | US$ 1,987.87 Million by 2027 |
Growth rate | CAGR of 3.9% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystColostrum Market Drivers and Opportunities
Rising Awareness About Health Benefits of Colostrum
Increasing health consciousness worldwide boosts the demand for nutrient-enriched products that enhance overall health. The awareness about the beneficial properties and health benefits of colostrum is increasing among consumers, which is driving the demand for colostrum-based products. Colostrum is rich in nutrients and antibodies and has immune-boosting substances. It also contains essential proteins, vitamins, minerals, and antibodies, attracting more consumers. Colostrum is recognized for its high concentration of antibodies, primarily immunoglobulins, which are pivotal in enhancing the immune system. As consumers are becoming more health-conscious and are seeking ways to improve their immune systems, there is a growing demand for colostrum-based products as a natural source of immune support. The importance of colostrum in the nutrition of babies is becoming more apparent as it fights against infections and helps overall development. This is likely to support the colostrum market's expansion over the next few years.
Colostrum is rich in proteins and has low fat and sugar content. It also includes proteins such as lactoferrin (which protects against infections) and epidermal growth factor (which promotes cell growth). It also contains several essential vitamins, such as vitamin A, and minerals, such as copper, magnesium, and zinc. Colostrum has the potential to support gastrointestinal health and promote gut barrier function, making it an attractive option for individuals seeking relief from digestive issues. Per the data from the US National Health and Nutrition Examination Survey (NHANES), published in June 2023, 1% of the US adult population (two million people) may have been diagnosed with inflammatory bowel disease (IBD). With the prevalence of such diseases, the demand for colostrum-based products is increasing among consumers across the globe. With such an increase in the demand for colostrum-based products, there is a surge in the application of colostrum in the various end-use industries.
Thus, the rising awareness about the health benefits of colostrum worldwide is propelling the growth of the colostrum market.
Technological Advancements in Colostrum Processing
Colostrum is significantly used in functional food & beverages, pharmaceuticals & nutraceuticals, animal nutrition, and personal care products through various manufacturing processes. Various technologies are used to preserve and protect the signi?cant bioactive factors in colostrum. Thermal treatment methods and drying methods such as pasteurization and sterilization are commonly used technologies. Moreover, manufacturers are now adopting advanced technologies to develop high nutrient-enriched colostrum.
Liposomal technology and nanotechnology are used to prepare colostrum for human consumption with numerous health benefits. Nanotechnology is the study of structures and materials on an ultra-small scale, and it has various applications in many ?elds, from the dairy industry to medicine. Nanotechnology can detect food pathogens, which ensures food quality and safety. This technology is increasingly used in the food market due to its advantages, such as improving the shelf life of products, ?avor, and texture of foods. Additionally, this technology provides signi?cant advantages to avoid instability problems in preserving colostrum and its bioactive proteins. The stability of colostrum proteins, such as IgG, is crucial to preserving the bioactive potential of colostrum.
Liposomal technology is a commonly used encapsulation method widely preferred in the cosmetic, pharmaceutical, and dairy industries. This advanced technology uses a liposome, a spherical vesicle including at least one lipid bilayer and phospholipids. Liposomes can have surface ligands to ensure the binding of various ligands. Liposomal technology has been used to preserve colostrum and increase its bioavailability for human health. The delivery of colostrum through the body with the reconstituted membrane phospholipids is far more effective than the colostrum without liposomal encapsulation, making the method more advanced than other conventional methods.
Thus, technological advancements in colostrum processing are projected to open lucrative growth opportunities in the colostrum market worldwide.
Colostrum Market Report Segmentation Analysis
Key segments that contributed to the derivation of the colostrum market analysis are form, category, and application.
- Based on form, the market is segmented into dry and liquid. The dry segment held a larger market share in 2023.
- Based on category, the market is segmented into organic and conventional. The conventional segment held a significant share of the market in 2023.
- Based on application, the market is segmented into pharmaceuticals and dietary supplements, food and beverages, animal nutrition, and personal care. The pharmaceuticals and dietary supplements segment held the largest market share in 2023.
Colostrum Market Share Analysis by Geography
The geographic scope of the colostrum market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific is expected to register the fastest CAGR during 2023–2031. In Asia Pacific, the number of health-conscious consumers is increasing because of the impact of social media in emerging economies, including India, China, and South Korea. The increasing use of colostrum in food and beverages and the growing demand for nutritional supplements drive the colostrum market in Asia Pacific. Functional food and beverages have gained popularity among the health-conscious population, especially in the young generation. Colostrum is high in antibodies, growth factors, and bioactive proteins that help enhance immune function, support gut health, and promote tissue repair. Colostrum also has antiaging properties. Thus, colostrum is gaining popularity as a nutricosmetics component in the region.
Colostrum Market Report Scope
Colostrum Market News and Recent Developments
The colostrum market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A recent key development in the colostrum market is mentioned below:
- KERSIA GROUP's acquisition of Bioarmor was strategically aimed at strengthening its position and enhancing animal welfare standards. This strategic move was underpinned by the identification of significant synergies, both from a strategic and commercial perspective, as well as by the shared values concerning corporate social responsibility (CSR) and environmental respect between KERSIA GROUP and Bioarmor. Furthermore, the merger significantly bolstered the positions of both entities within the global livestock solutions market, thereby granting them access to new export markets, notably in Asia, the Middle East, and South America. (Source: KERSIA GROUP, Company Website, May 2021)
Colostrum Market Report Coverage and Deliverables
The "Colostrum Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Colostrum market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Colostrum market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Colostrum market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the colostrum market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
North America accounted for the largest share of the market in 2023.
Rising awareness about the health benefits of colostrum and increasing demand for colostrum from the nutraceutical industry are major factors contributing to the growth of the market.
The rising demand for colostrum-based cosmetics and personal care products is likely to emerge as a key trend in the market in the future.
Pantheryx, Colostrum BioTec GmbH, Titan Biotech Ltd, Biodane, Pharma A/S, Bionatin, Biostrum, Cure Nutraceutical PVT. LTD., I. Livanou IKE, KERSIA GROUP, and INGREDIA s.r.o are among the key players operating in the colostrum market.
The colostrum market size is projected to reach US$ 2.40 billion by 2031.
The List of Companies - Colostrum Market
- Titan Biotech Ltd
- Pantheryx
- Biodane Pharma A/S
- Bionatin
- Colostrum BioTec GmbH
- Biostrum
- Cure Nutraceutical PVT. LTD.
- INGREDIA s.r.o.
- I. Livanou IKE
- KERSIA GROUP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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