Colostrum Market Overview
The global
Colostrum Market size in 2019 is estimated to be $95.65 Million and is projected to reach $123.03 Millio in 2025 at a CAGR of 4.45% during the forecast period 2020-2025. The Colostrum Market growth rate is attributed to the increasing popularity of these products, especially among bodybuilders, for increasing muscle strength, lean mass gains, endurance, fat burning, and immunity strengthening. Colostrum is the deep liquid coloured with lemon that has been secreted by the breasts for the first few days after the portion. It contains more minerals and protein relative to adult milk, but less sugar and fat. In colostrum, antibodies are demonstrable; immunoglobin-A will defend the newborn against enteric pathogens. Bovine Colostrum is one of the forms loaded with nutrients that combat disease and promote growth, boosting immunity, treating infections and offering more related benefits.
Colostrum is a food supplement derived from bovine animals that provides different biologically active proteins and other factors that promote lean muscle tissue maintenance and render the immune system healthy. To prevent germs from causing disease, colostrum provides a tough covering on the stomach and intestines of the infant. In colostrum, bovine proteins are similar to supplements of whey or casein proteins that can cause intestinal discomfort or concern in adults with some sensitivity. From the product has been gaining popularity due to its nutritional benefits compelling governments and private organizations to increase their R&D investments and motivating pharmaceutical companies to develop The inclusion of probiotics in colostrum is gaining traction to improve gastrointestinal problems in children. Manufacturers offering probiotics plus colostrum products for better safety and efficacy than the available medications are anticipated to propel the Colostrum Market during the forecast period 2020-2025.
Key Takeaways
- North America dominated the Colostrum Market with a share of 60% in the year 2019.
- The factors such as growing demand in developing countries for nutritious food and immunity are amongst the major factor projected to impel growth of Colostrum Market.
- Companies are entering into strategic alliances to innovate in colostrum-based therapies, to improve health and wellness of animals, such as accelerating the healing of insect bites, warts and others are the key factors owing to the growth in the segment during forecast period 2020-2025.
By Application - Segment Analysis
On the basis of application, Nutritional supplements application generated revenue of $70.86m in 2019 and is projected to grow at a CAGR of 4.70% during the forecast period 2020-2025. This segment is forecast to reach revenue of $92.45m by 2025. The reason is attributed to the fact that it is projected that changing lifestyles and shifting emphasis to wellness management among working-class professionals in emerging economies such as China and India will remain a positive factor. In addition, the growing importance of ensuring adequate nutrition among infants in developed countries, including the United States, Germany, the United Kingdom and France, is anticipated to promote product consumption as nutritional supplements for baby care.
Apart from this, other applications segment is projected to grow at a CAGR of 3.86% during the forecast period of 2020-2025.
By Geography - Segment Analysis
North America dominated the Colostrum Market with a share of 60% in 2019. The application of Colostrum has grown rapidly over the last few years owing to easy use of antihypertensive medicines. In addition, the rise in hypertension incidence and the rise in geriatric population contribute significantly to market growth in this region. U.S. in North America region is dominating the Colostrum Market generating revenue of $42.34M in 2019. This is owing to the presence of number of players here and developments in animal feed industry here. Furthermore, the key players are adopting strategies such as product approval and agreement with other players to gain competitive advantage in the market is anticipated to propel the Colostrum Market during the forecast period 2020-2025. For instance, the US brand Bone Science, a trademark of the US company Redmars America Co, Ltd. is all set to launch Dr's Grow UP, a natural dietary supplement containing colostrum that will initially be available in the USA and South Korea from 2020.
Asia-Pacific, however, is projected to be the fastest growing region with a CAGR of 5.41% during the forecast period 2020-2025. This is owing to the rise in expansions to these regions by major players and rise of new players here. Furthermore, the high concentration of cattle farming facilities in China, India, and New Zealand is projected to encourage the industry participants to form partnerships to access raw materials for the production of colostrum.
Drivers – Colostrum Market
Increase in Bacterial and Viral diseases
With the prevalence of bacterial and viral diseases has increased in domesticated animals owing to increase in insects, thus driving the demand for supplements like colostrum which increase immunity. High concentration of cattle farming facilities in different regions across the world is driving the demand for supplements thus driving the demand for the market in the forecast period 2020-2025. Colostrum is extensively used as a topical ailment. It can be applied as a paste to virtually any skin problem such as abscesses, wounds, or surgical incisions in different dog breeds, and other canine animals. Colostrum is also used to cure ringworms, hot spots caused due to chewing and biting, these are the factors set to drive the market in the forecast period 2020-2025.
Challenges – Colostrum Market
Lack of awareness and stringent government regulations
The major challenge for the market is though colostrum has been proved beneficial, many studies revealed that people do not have adequate knowledge about it, thus, preventing the source of acquiring this nutritional food. Traditional barriers – people form developed countries owing to traditional beliefs avoid colostrum intake which is also a restraint for the growth. Second, High cost is associated with the development and manufacture unit of colostrum. As quality of product is taken at utmost importance, to avoid any kind of side effects, government has imposed stringent regulations in production standards, thus posing a huge challenge to the market for Colostrum.
Colostrum Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Colostrum Market. In 2019, Colostrum Market share is fragmented by the top ten players present in the market. Colostrum Market top 10 companies are Saskatoon Colostrum Company, BioNatIn BV, Provita Eurotech Ltd., Sterling Technology, ImmuCell Corporation, Cuprem Inc., Milligans Food Group, Bionatin B.V, Pantheryx Inc., Cuprem Inc. and others.
Acquisitions/Product Launches
- In June 2019, Pantheryx announces $50million financing, for the development of its novel biologics and medical food candidates.
- In November 2017, Immucell announced that the USDA, Center for Veterinary Biologics, approved licensure for the first calf-level scours preventative, First Defence Tri-Shield with claims against all three newborn calf scours (diarrhea) causing pathogens, E. coli, coronavirus and rotavirus.
