Global Bovine Colostrum Market growing at a CAGR of 9.1 % from 2023 to 2030
Category : Healthcare | Published Date : Aug 2024 | Type : Press Release
Bovine Colostrum Market Scope & Overview:
Bovine colostrum is the first milk produced by cows after giving birth, rich in essential nutrients and immune factors for newborn calves. It contains proteins, growth factors, antibodies, vitamins, and minerals. It offers benefits for the immune system, tissue repair, growth, and maturation. Colostrum is used in animal nutritional products and functional foods. They offer benefits for diseases like infectious diarrhea and gastrointestinal infections.
Consegic Business Intelligence analyzes that the Global Bovine Colostrum Market size was valued at USD 123.29 Million in 2022, and is expected to register a CAGR of 9.1% to reach USD 243.23 Million by 2030.
This report comprises Bovine Colostrum Market Share, Size & Industry Analysis, By Form (Powder and Liquid), By Application (Dietary Supplements, Sports Nutrition, Functional Foods, Animal Nutrition, Infant Formula, and Others), By End Use Industry (Food & Beverages, Personal care & Cosmetics, Pharmaceutical, Animal Feed, and Others), By Distribution channel (Online (Company Website, and E-commerce Platform) and Offline (Hypermarket/Supermarket, Convenience Store, Specialty Store, Drug Store, and Health & Wellness Store)), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
This report contains detailed information on Bovine Colostrum Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the increasing demand for nutritional and functional food is driving the growth of the Bovine Colostrum Market. The ongoing research and development activities to improve processing techniques are expected to further promote potential opportunities in the market.
Segmental Analysis :
The Bovine Colostrum market is segmented based on form, application, end-use industry, distribution channel, and region.
Based on the form, the market is bifurcated into powder and liquid.
- The liquid segment accounted for the highest market share in 2022, due to the health benefits it provides to the immune systems.
- Over the forecasted period, the powder segment is expected to witness the fastest CAGR. It is available in tablets, capsules, and powder form.
Based on the application, the market is segmented into dietary supplements, sports nutrition, functional foods, animal nutrition, infant formula, and others.
- In 2022, the functional food segment held the largest market share due to rising consumer awareness, changing lifestyles and food habits.
- The dietary supplements segment is expected to register the fastest CAGR during the forecasted period. This is mainly due to rising awareness of high-nutritional foods in youngsters.
Based on the end-use industry, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, animal feed, and others.
- The food & beverages segment held the largest market share in 2022 due to wide applications of bovine colostrum in the industry. Along with the adoption of nutritional foods in masses.
- The personal care & cosmetics segment is anticipated to witness the fastest CAGR during the forecasted period, as it is used in moisturizers, anti-inflammatory, and anti-aging creams.
Based on the distribution channel, the market is bifurcated into online and offline.
- The online segment held the highest market share in 2022 as it provides benefits such as massive discounts, wide options, and enhanced shopping experience.
- The offline segment is expected to witness the fastest CAGR in the market, due to availability in hypermarkets, convenience stores, specialty stores, and drug stores.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, Asia Pacific was valued at USD 43.41 million and is expected to reach USD 82.41 million in 2030. Out of these, India accounted for the highest market share of 37.48% in 2022.
- Europe is expected to witness the fastest CAGR of 9.9% during the forecasted period, due to awareness among consumers about food safety.
| Report Attributes | Report Details |
| By Form | Powder and Liquid |
| By Application | Dietary Supplements, Sports Nutrition, Functional Foods, Animal Nutrition, Infant Formula, and Others |
| By End Use Industry | Food & Beverages, Personal care & Cosmetics, Pharmaceuticals, Animal Feed, and Others |
| By Distribution Channel | Online (Company Website, and E-commerce Platform) and Offline (Hypermarket/Supermarket, Convenience Store, Specialty Store, Drug Store, and Health & Wellness Store) |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Bovine Colostrum Industry:
- NOW Foods
- Pantheryx
- BIOSTRUM NUTRITECH PVT. LTD
- Cure Nutraceutical PVT. LTD
- AGATI HEALTHCARE PVT LTD
- PuraLife LLC
- Farbest Brands
- Sterling Technology (a subsidiary of Glanbia plc)
- Colostrum Biotec GmbH
- Deep Blue Health New Zealand
Recent Industry Developments :
- In November 2022, APS La Belle, a subsidiary of PanTheryx Inc. announced a partnership to conduct clinical research on bovine colostrum and develop new products.
- In March 2021, PanTheryx Inc, a nutrition and biotechnology company acquired TruBiotics and their trademarks from Bayer HealthCare LLC.
