Colostrum Market worth US$ 1943.5 Mn by 2026
Introduction
Colostrum is a form of milk produced by mammals in late pregnancies and few days after birth. Cow colostrum contains higher levels of immunoglobulin such as IgG, IgA and IgM, where the amount of IgG is higher than others. Colostrum is easy to digest due to which it is preferred for newborn infants, which contains high amount of antibodies that helps to strengthen their immunity. Colostrum also contains a high concentration of protective white cells that helps in destroying the disease causing bacteria and viruses. Colostrum is also helpful in improving immune system, due to the presence of high concentration of IgG. These factors are expected to drive growth of the colostrum market.
Market Value and Volume Forecast
The global colostrum market is anticipated to register a CAGR of over 3.6% in terms of value and 3.2% in terms of volume during the forecast period. Increasing health awareness among consumers coupled with increasing demand for colostrum-based infant formula and probiotic yogurt are key factors fuelling market growth across the globe. Increasing consumer inclination towards purchasing organic colostrum products through e-retail channels is a major trend witnessed in the global colostrum market.
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Segmentation, by Product Type
On the basis of product type, the global colostrum market is segmented into whole colostrum powder, skim colostrum powder and specialty colostrum powder. In 2015, whole colostrum powder segment dominated the market in terms of value and volume and it is expected to remain dominant throughout the forecast period. Skim colostrum powder segment is expected to expand at the highest CAGR in terms of value during the forecast period.
Segmentation, by Application
On the basis of application, the global colostrum market is segmented into functional food and nutritional supplements, medical nutrition food, animal feed, infant food and cosmetics (personal care products). In terms of value, infant food segment was the largest segment in the market and it is expected to retain its dominance over the forecast period. Animal feed segment is anticipated to expand at the highest CAGR in terms of value over the forecast period.
Segmentation, by Form
On the basis of form, the global colostrum market is segmented into organic form and conventional form. In terms of value, conventional form segment was the largest segment in the market and is projected to remain dominant throughout the forecast period. Organic form segment is projected to expand at the highest CAGR in terms of value over the forecast period.
Key Regions
On the basis of geography, the global colostrum market is segmented into seven major regions namely North America, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa (MEA). The APEJ market is expected to witness favourable growth in terms of value and volume over the forecast period. In terms of value, the North America market is expected to account for a major share of the market by 2026 end.
Key Players
Some of the key players identified in the global colostrum market are APS BioGroup; La Belle, Inc., Ingredia Nutritional, The Saskatoon Colostrum Co. Ltd, Biostrum Nutritech Pvt. Ltd, Biotaris B.V., NIG Nutritionals Limited, Good Health NZ Products Ltd, Sterling Technology and Cuprem Inc.