The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Colostrum Global Market Report 2024, the colostrum market is expected to show significant growth in the forecast period.

 

The colostrum market has seen steady growth in recent years, driven by increasing awareness of its health benefits and expanding applications in various industries. This blog delves into the market’s recent growth, future prospects, and the key trends shaping its development.

 

Market Growth Overview

Recent Growth

• 2023 Market Size: $1.76 billion
• 2024 Projection: $1.83 billion
• CAGR (2023-2024): 4.2%

 

Key Drivers:

• Health and Wellness Awareness: Growing interest in natural health products.
• Interest in Natural and Functional Foods: Consumers seeking health-boosting foods.
• Expanding Nutraceutical Industry: Increasing demand for dietary supplements.
• Research on Colostrum’s Health Benefits: Scientific studies supporting colostrum’s efficacy.
• Increased Demand in Infant Nutrition: High demand for colostrum in baby formulas.

 

Future Growth

• 2028 Projection: $2.19 billion
• CAGR (2024-2028): 4.5%

 

View More On The Colostrum Market Report 2024 –

https://www.thebusinessresearchcompany.com/report/colostrum-global-market-report

 

Key Drivers:

• Expanding Functional Beverage Market: Growth in health-focused drinks.
• Focus on Immune Health: Rising demand for immunity-boosting products.
• Expanding E-commerce Platforms: Increased online sales of colostrum products.
• Rise in Pet Supplements Market: Growth in health products for pets.
• Innovations in Product Formulations: Development of new and improved colostrum products.

 

Key Market Trends

Demand for Nutritional Supplements

• Increasing consumer interest in supplements for overall health.

Expanding Applications in Functional Foods

• Integration of colostrum in health-promoting food products.

Rising Interest in Sports Nutrition

• Athletes and fitness enthusiasts seeking performance-enhancing supplements.

Focus on Sustainable and Ethical Sourcing

• Growing preference for sustainably sourced and ethically produced colostrum.

Clinical Applications in Medicine

• Research and development in medical applications of colostrum.

 

Rising Demand in Animal Feed Formulations

Enhanced Nutrition and Immunity

• Key Aspect: Colostrum replacers provide high levels of IgG and nutrients.
• Impact: Effective in boosting immunity in calves and other young animals.
• Example: According to Alltech, North American feed production increased from 259 million tons in 2021 to 261 million tons in 2022.

 

Major Companies:

• NIG Nutritionals Limited
• Now Health Group Inc.
• PanTheryx Inc.
• Sterling Technology
• The Saskatoon Colostrum Company Ltd.
• Colostrum BioTec GmbH
• Puralife LLC
• New Image International
• Imu-Tek Inc.
• Changfu Milk
• Bioiberica S.A.U.
• Synlait Milk Ltd.
• Fonterra Co-operative Group Limited
• Life Time Vitamins

 

Innovative Fortified Products for Calf Health

Product Innovation

• Example: In April 2021, Cogent Breeding Ltd. launched Primestart Colostrum, a fortified colostrum product for calves.
• Product Formats: Available in bulk powder, capsules, tablets, and sachets.

 

Strategic Acquisitions

Glanbia Nutritionals Inc. Expands Portfolio

• Acquisition: In May 2022, Glanbia Nutritionals Inc. acquired Sterling Technology Inc. for $60 million.
• Objective: To expand its bioactive solutions portfolio.

 

Market Segmentation

By Product

• Whole Powder
• Skimmed Powder
• Specialty

 

By Form

• Liquid
• Powder
• Capsule

 

By Source

• Cow
• Buffalo
• Bovine

 

By Nature

• Conventional
• Organic

 

By Application

• Dietary Supplements
• Animal Feed
• Cosmetics
• Infant Formula
• Pharmaceuticals
• Nutraceuticals

 

Regional Insights

Largest Market

• 2023: Asia-Pacific

 

Conclusion

The colostrum market is poised for steady growth, driven by increasing consumer awareness of its health benefits and expanding applications across various sectors. Innovations in product formulations and strategic acquisitions by key players further enhance the market’s potential. As interest in natural, functional, and immune-boosting products continues to rise, the colostrum market is set to thrive in the coming years.

 

Request A Sample Of The Global Colostrum Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=10210&type=smp

 

The Colostrum Global Market Report 2024  provides an in-depth analysis on the colostrum market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the colostrum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

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