According to our latest market study on “Global Bovine and Goat Colostrum Market Forecast to 2027 – Covid-19 Impact and Global Analysis – by Form (Liquid, Powder, and Tablets and Capsules); Nature (Conventional and Organic); End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplements, Sports Nutrition, Functional Food, Cosmetics, and Infant Formulae); Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Specialty Stores, Online Distribution); and Geography,” the market was valued at US$ 1,418.90 million in 2018 and is projected to reach US$ 2,028.65 million by 2027; it is expected to grow at a CAGR of 4-7.2% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Report Coverage Details
Market Size Value in- US$ 1,418.90 Million in 2018
Market Size- US$ 2,028.65 Million by 2027
Growth rate- CAGR of 4.2% from 2019-2027
Forecast Period- 2019-2027
Base Year- 2019
No. of Pages- 218
No. Tables- 114
No. of Charts & Figures- 95
Historical data available- Yes
Segments covered- Form ; Nature ; End Use ; Distribution Channel ; and Geography
Regional scope- North America; Europe; Asia Pacific; Latin America; MEA
Country scope- US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage- Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Colostrum is a whitish fluid released before breast milk development begins in mammals that have given birth recently. It caters to the nutrition requirements of the newborn baby. It consists of essential bioactive compounds, including antibodies, which provide protection to newborn babies against several diseases. The colostrum has been gaining high medical importance worldwide in the treatment of various health diseases, such as chronic fatigue syndrome, cancer, and blood infections. Increased demand for colostrums-enriched nutraceuticals is anticipated to boost the market growth. Bovine colostrum is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, and digestive enzymes, which stimulate tissue growth and immune maturation functions and helps maintain the digestive system health.
The passive transfer of immunity via colostrum to neonate's calf is majorly dependent factors such as the quantity of colostrum, quality of colostrum, and timing. The quality of colostrum is unswervingly linked to its concentration of antibodies. The older cows generally produce an elevated concentration of antibodies, as compared to the first-calf heifers. A critical mass of 100-200 grams of antibodies must be ingested and absorbed by the neonate's calf to achieve passive immunity. With the natural antibodies, colostrum contains proline-rich polypeptides or colostrum polypeptides (CPs) that are the short chains of amino acids, help in suppressing an overactive immune system or stimulating an underactive immune system. They both act as immune system modulators that are vital to reoccurrence the immune system to a state of balance, mainly when it has been overtaxed by exercise. In addition to colostrum polypeptides, lactoferrin, which is present in colostrum, helps to eliminate bacteria by removing the iron that bacteria need to reproduce themselves.
Impact of COVID-19 Pandemic on Bovine and Goat Colostrum Market
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
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Based on end use, the bovine and goat colostrum market has been segmented into pharmaceuticals, animal nutrition, dietary supplements, sports nutrition, functional food, cosmetics, and infant formulae. In 2018, the functional food segment dominated the bovine and goat colostrum market. Bovine and goat colostrum is rich in antibodies such as IgG, IgA, and IgM. Before the antibiotics were invented, colostrum was widely in use to fight different infections and prevent diseases. The increasing prevalence of chronic diseases across developed and developing countries is contributing to the growing demand for functional food. This has led to heavy investments by food & beverages players in research and technological innovations to develop products that help consumers stay healthy and get protection against several diseases. Therefore, a surge in demand for functional food boosts the demand for bovine and goat colostrum.
The global bovine and goat colostrum market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Asia Pacific accounted for the largest share of the global market in 2018, followed by the North America and Europe, respectively. The growth of the market in the Asia Pacific region is primarily attributed to large production of colostrum-based products. The Asian countries are also the largest exporters and consumers of dairy products, including the colostrum-based products. In addition to the rising demand for colostrum from different applications, developments in the livestock sector are likely to provide major growth opportunities to the bovine and goat colostrum providers in the coming years.
Bovine and Goat Colostrum Market: Competitive Landscape and Key Developments
Alphatech SAS; Biostrum Nutritech Pvt. Ltd; Now Health Group, Inc; Swanson; APS Biogroup; Colostrum BioTec GmbH; Manna Pro Products LLC; LAND O'LAKES ANIMAL MILK PRODUCTS CO.; FARM-O-SAN; LA BELLE COLOSTRUM; and Biotaris B. V. are among the key players in the global Bovine and Goat Colostrum market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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