Colostrum Market is expected to reach US$ 2.40 Billion by 2031

Increasing Demand for Colostrum from Nutraceutical Industry Contributes to the Colostrum Market Growth

According to our latest study on "Colostrum Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Form, Category, and Application," the market size is expected to grow from 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. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Colostrum is the first milk that is produced by cows immediately after giving birth. The colostrum obtained from cows is rich in antibodies, proteins, vitamins, and prebiotics. It promotes gut health and development and supports the immune system. The demand for colostrum is witnessing rapid growth globally attributed to the increased demand for colostrum-based dietary supplements and health products. The global colostrum market is segmented into form, category, and application. The application segment is divided into pharmaceuticals & dietary supplements, food & beverages, animal nutrition, and personal care. The growing demand for colostrum products from pharmaceuticals & dietary applications is driving the colostrum market growth.

Colostrum Market Breakdown – by Region

The colostrum market analysis has been performed by considering the following segments: form, category, and application. Based on category, the market is segmented into organic and conventional. The conventional segment is anticipated to account for a larger market share by 2031. Cost-effectiveness and widespread availability of conventional colostrum are making it an attractive option for various industrial applications. It offers essential bioactive compounds, such as antibodies and growth factors, at a lower cost compared to organic alternatives. This makes it an ideal ingredient for industries looking to incorporate colostrum into a wide range of products, such as dietary supplements, animal nutrition, and skincare, without the added expense of organic certification.

The colostrum market report emphasizes the key factors driving the market. Several strategic initiatives by key market players drive the colostrum market. The increasing demand for colostrum from various applications has resulted in key players adopting strategic initiatives to strengthen their market position globally. Colostrum manufacturers across the world are involved in mergers and acquisitions, collaborations, and other strategic developments to attract consumers and enhance their market position. In October 2021, PanTheryx unveiled its new patent-pending bovine (cow) colostrum formulation of ColostrumOne at the annual Supply Side West conference and expo in Las Vegas, held in 2021. The new proprietary product has been scientifically shown to increase the protection of Immunoglobulin G, immune and growth factors, as they enter the digestive tract. The new ColostrumOne Extra Strength is available in bulk in powder form or as a finished consumer good in capsules, tablets, and sachets.

North America accounted for a major portion of the colostrum market share in 2023. In the region, the demand for colostrum is increasing owing to the rising preference for consuming nutraceuticals such as functional food and beverages and dietary supplements. The rise in health consciousness has made consumers prioritize health and nutrition and shift toward healthy functional drinks and related dietary supplements. According to the World Economic Forum, in 2022, 50% of Americans claim to consume healthy food actively, and 58% of baby boomers follow healthy eating habits. Moreover, according to an IRI survey of Supplemental Nutrition Assistance Program (SNAP) shoppers, eating healthy food is a top priority for two-thirds (63%) of 42 million people in the US. Dietary supplements and functional food and beverages containing colostrum play a pivotal role in improving the overall health of consumers. Colostrum helps boost immunity, enhance gut health, and improve athletic performance. Therefore, the growing number of benefits of colostrum and changing consumer preferences fuel the demand for colostrum-based supplements across North America. As a result, many major market players are focusing on product portfolio expansion and increasingly adopting strategic initiatives.

The colostrum market trends include the rising demand for colostrum-based cosmetics and personal care products. Colostrum is utilized as a major ingredient in some high-quality cosmeceutical products that help protect against external factors. Growth factors present in colostrum help in the cell's growth and regeneration. Additionally, colostrum reduces skin irritation and aids in the healing of skin defects. It enhances skin hydration and has strong antimicrobial properties. Colostrum-based cosmetics brighten facial skin, slow the aging process, and contribute to better elasticity and resistance of the skin. For instance, Viveza Holding's brand, MCE Pharma, provides a complete range of premium cosmetics that are preferred by the higher class, along with similar kinds of products in an economical range. Similarly, SwissBioColostrum AG, a Switzerland-based personal care manufacturer, offers colostrum-based body lotion.

With the rising popularity and demand, advanced skincare products infused with colostrum are being introduced by manufacturers who are constantly improving their compositions. For example, in July 2023, Royal Family Farms, a Pacific Northwest dairy farm known for its national award-winning sustainability efforts, especially with vermiculture, launched a skincare line called "Nurst," which is made from excess colostrum from dairy cows. Increasing product launches and the growing cosmetic industry across the globe are expected to contribute to the colostrum market share globally.

The colostrum market forecast can help stakeholders plan their growth strategies. 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 prominent players profiled in the colostrum market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting strategies such as new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the market. For instance, in April 2023, PanTheryx announced the launch of Life's First Naturals PRO ColostrumOne Extra Strength. The new formulation is available for adults and children.

The colostrum market is segmented on the basis of form, category, application, and geography. Based on form, the market is segmented into dry and liquid. Based on category, the market is segmented into organic and conventional. Based on application, the market is segmented into pharmaceuticals and dietary supplements, food and beverages, animal nutrition, and personal care. By geography, the colostrum market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The colostrum market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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