Colostrum Market size to exceed $325mn by 2027
Published Date: January 29, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Colostrum Market size is set to surpass USD 325 million by 2027, according to a new research report by Global Market Insights, Inc
Colostrum is the first stage of breast milk released immediately after birth and is primarily collected from bovine animals such as goats, cows and sheep. The product’s key functional & bioactive properties, such as antioxidative, anti-inflammatory, and anti-carcinogenic features, make it ideal for the prevention of allergies, cancer, and gastrointestinal diseases, thus stimulating market growth.
Colostrum is also associated with various benefits for the skin such as improved elasticity, smoothing wrinkles, wound healing and nourishment. Growing consumer preference for personal grooming, increasing awareness of beauty products and changing lifestyles are likely to drive product demand in cosmetics. The rising population of millennials who want to adopt preventive measures against aging and the rise in the elderly demographic should further drive colostrum market demand in cosmetic segment.
Low-fat nature of skim colostrum should augment market trends
Skim colostrum powder segment is estimated to witness over 3.5% CAGR between 2021 and 2027. The product is rich in energy, proteins, carbohydrates, vitamins, and minerals. Skim colostrum powder is witnessing strong growth owing to growing consumption, primarily by health-conscious consumers owing to its low-fat content. The product also finds increasing usage in the infant formula, dairy, bakery, and confectionery industries. The rising trend of using skim colostrum powder across numerous functional food applications should augment the overall colostrum industry outlook.
Skim colostrum powder is an ideal ingredient for dairy product analogs, beverage bases & beverages, milk & milk products, snacks and nutrition bars. Skim colostrum powder promotes healthy growth in infants and newborn animals. The product is routinely blended with skim milk which helps boost underactive immune systems and balances hyperactive immune systems.
“Skim colostrum powder segment of colostrum market surpassed USD 88.5 million in 2020, pertaining to rising demand for low-fat health products”
Browse key industry insights spread across 240 pages with 237 market data tables and 35 figures & charts from the report, “Colostrum Market Statistics By Product (Whole Colostrum Powder, Specialty Colostrum Powder, Skim Colostrum Powder), Form (Organic, Conventional), Application (Nutritional Supplements, Infant Food, Animal feed, Cosmetics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
The relative ease of producing conventional colostrum and its high yield should boost product demand
Conventional colostrum market demand surpassed USD 255 million in 2020 and should witness further growth pertaining to its low price as compared to organic form. The ability to use synthetic fertilizers, genetic engineering, antibiotic growth promoters and synthetic pesticides enhances the yield of conventional colostrum in dairy farms.
The low cost of production and easy availability of the product should augment market trends, as the majority of colostrum products in the market are of the conventional form. However, growing consumer concerns regarding the potential of antibiotic growth promoters to increase the risk of infections in humans and pollution caused by chemical fertilizers & pesticides may restrain market growth.
“Conventional colostrum market is set to register over 3.5% CAGR between 2021 and 2027, owing to their cost effectiveness and high availability”
Growing consumer concerns regarding infant nutrition and economic growth in emerging nations should accelerate colostrum industry outlook from infant food application
Colostrum market share from infant food applications is predicted to surpass USD 109.5 million by 2027 helped by growing concerns among consumers regarding adequate infant nutrition and rise in the female workforce. Colostrum offers ample health benefits for infants such as enhancing immunity, anti-inflammatory effect, reducing the risk of indigestion and jaundice.
“Colostrum market size from infant food applications should register over 3.5% CAGR through 2027, supported by their ability to strengthen the immune system of infants”
Rising prevalence of chronic diseases and a significant elderly population segment should drive the market growth in North America
North America colostrum market witnessed a consumption of over 3,790 tons in 2020. The adoption of a modern lifestyle is on rise, which has opened the way to new health disorders such as diabetes, obesity, and high blood pressure. This has substantially increased the importance of preventative health measures and has led to a significant growth in functional food products & dietary supplements market in North America.
The aging population in North America represents ample growth opportunities or dietary supplement manufacturers as older consumers consume more self-care products than younger individuals. Regular colostrum intake has been associated with an increase in lean body weight, which should help in reducing obesity and driving market statistics.
North American market is set to register over 3% CAGR through 2027 pertaining to increasing popularity of preventive healthcare in the region
The global colostrum market is highly fragmented with the primary manufacturers consisting of Cure Nutraceutical Pvt. Ltd., Farbest Brands, SCCL, Colostrum Biotec GmbH, Sterling Technology, Ingredia Nutritional and PanTheryx. Major players in the global market are increasingly engaged in strategic acquisitions to expand their production capacity and in new product launches to exploit the growing consumer awareness of colostrum’s immunity-boosting property.