Home > > Pharmaceuticals And Healthcare > > Bovine Colostrum Market | Size, Share, Growth Analysis Report, 2030
Id: CBI_ 1047 | Pages: 320 | Format : PDF | Published : | Author : Pawan Chasta
Consegic Business Intelligence analyzes that the bovine colostrum market size is growing with a CAGR of 9.1% during the forecast period (2023-2030), and the market is projected to be valued at USD 243.23 Million by 2030 from USD 123.29 million in 2022.Consegic Business Intelligence analyzes that the bovine colostrum market size is growing with a CAGR of 9.1% during the forecast period (2023-2030), and the market is projected to be valued at USD 243.23 Million by 2030 from USD 123.29 million in 2022.
Bovine colostrum is the first milk produced by cows during the initial days after giving birth. It is a nutrient-rich fluid that provides essential nutrients and immune factors to newborn calves. It is known for its high concentration of proteins, antibodies, vitamins, minerals, and other bioactive compounds. It offers various benefits to the immune system such as repair, growth, and maturation of several tissues. This type of fluid is suitable for a wide range of applications such as additives and ingredients in animal nutritional products and functional foods. In addition, colostrum offers several benefits for diseases including infectious diarrhea, gastrointestinal infections, and gut barrier malfunction, among others.
Bovine colostrum has been used in the development of functional foods, which are food products designed to provide specific health benefits beyond basic nutrition. Its inclusion in functional foods aims to capitalize on its nutrient content and potential bioactive properties. Functional products are often marketed for their potential immune-boosting, gut health-promoting, and overall health-supporting properties. Its wide adoption in functional food to increase the health or medical benefits owing to characteristics such as antioxidants, and anti-inflammatory is accelerating the bovine colostrum market growth.
The growing awareness among consumers regarding the advantages of bovine colostrum-based products is urging the manufacturers. It offers an attractive digestible, complete protein source that can be integrated into a calorically appropriate diet. Manufacturers introduced it in various products such as food and dietary supplements. This is due to the benefits offered including various attachment factors, hormones, and nutrients. PanTheryx, a health and nutrition company offers bovine colostrum that is Generally Recognized As Safe (GRAS) for specific food and beverages. Hence, the analysis of market trends shows that the growing awareness regarding the benefits is driving the bovine colostrum market growth.
Bacterial contamination in bovine colostrum can occur during the collation, storage, or processing stages. The common bacteria that may contaminate colostrum include Escherichia Coli and Salmonella. Bacterial contamination including various high counts of spoilage bacteria and human pathogens is likely to hinder the use of it in the food & beverage sector. Such contaminants cause hives, itching, and trouble breathing. In addition, the growing concern regarding the spread of zoonotic diseases that originate from bovine is also hindering the market. Therefore, the analysis of market trends depicts that the rising concerns regarding the potential bacterial contaminants in it are likely to hamper the bovine colostrum market demand.
The introduction of improved processing techniques and novel methods for the identification and isolation of colostrum serum is anticipated to present lucrative opportunities to the key players operating in the market. Research is being conducted to evaluate the clinical application of it in various health conditions. Additionally, the ongoing research and development activities related to its therapeutic benefits are also propelling the bovine colostrum market opportunities over the forecast period.
Report Attributes | Report Details |
Study Timeline | 2017-2030 |
Market Size in 2030 | USD 243.23 Million |
CAGR (2023-2030) | 9.1% |
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 |
Key Players | 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, and Deep Blue Health New Zealand |
Geographies Covered | |
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 and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, Cost Analysis, and Regional Trends & Forecast |
The form segment is bifurcated into powder and liquid. In 2022, the liquid segment held the highest market in the bovine colostrum market share. The extensive deployment of it in various food and medicinal products to provide health benefits to the immune system is driving the market. In addition, the ability of this colostrum to improve cases of gastronomical inflammation, and respiratory among other diseases is also proliferating the market. Colostrum BioTec GmbH, headquartered in Europe, specializes in manufacturing liquid colostrum that contains a unique concentration of immunoglobulin G with an adequate amount of amino acids, minerals vitamins, enzymes, trace elements, and natural growth factors. Hence, the wide scope of health benefits offered by it is propelling the bovine colostrum market demand.
However, the solid segment is projected to grow at the fastest CAGR during the forecast period. Sold bovine serum is present in the form of tablets, capsules, and powder in the market. The tablets and powders are added in various beverages such as smoothies, and shakes or as an ingredient in recipes for foods such as protein bars or baking goods. Hence, the versatility offered by solid bovine serum is boosting the need for solid colostrum in the global bovine colostrum market.
The application segment is categorized into dietary supplements, sports nutrition, functional foods, animal nutrition, infant formula, and others. In 2022, the functional food segment accounted for the largest market share. The growth of the segment is attributed to the wide adoption of functional food due to the rising awareness among consumers regarding the useful nutrients present in functional food. Additionally, the analysis of segmental trends shows that evolving lifestyles and changing trends in eating habits are other influencing factors that propel the bovine colostrum market trends.
Moreover, the dietary supplements segment is expected to witness the fastest CAGR in the market over the forecast period. The rising awareness regarding self-care among youngsters is expected to increase the demand for dietary supplements over the forecast period. In addition, segment trends analysis shows that the rising consumer need for macronutrients in the diet is another significant factor that is expected to boost the need for dietary supplements in the global bovine colostrum market.
Based on the end-use industry, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, animal feed, and others. The food & beverages sector held the largest market share of 53.21% in the overall bovine colostrum market share. The wide scope of applications including functional food, sports nutrients, and instant formula is contributing to the growing demand for it in the food & beverage sector. In addition, the rising consumer demand for healthy food alternatives such as functional food is also proliferating the food & beverage sector in the bovine colostrum market trends.
However, the personal care & cosmetic segment is expected to register the fastest CAGR in the market over the forecast period. The growing adoption of natural ingredients in cosmetics that offer various benefits due to the presence of components including cytokines, bioactive peptides, and lactoferrin, among others is expected to boost the market. Moreover, the deployment of it in various skincare and cosmetics products including moisturizers, and skin whitening creams owing to its anti-aging, and anti-inflammatory characteristics is also driving the bovine colostrum market expansion.
Based on the distribution channel, the market is bifurcated into online and offline. In 2022, the online segment accounted for the highest market share in the bovine colostrum market. The online segment is classified as a company-owned website and an e-commerce platform. The presence of it in various forms in the e-commerce platform such as tablets, capsules, and functional foods, among others is propelling the bovine colostrum market. Additionally, the analysis of segment trends shows that the presence of an enhanced shopping experience, attractive discounts, and sales are also driving the online segment.
Moreover, the offline segment is expected to register the fastest CAGR in the bovine colostrum market. The offline segment is divided into hypermarkets/supermarkets, convenience stores, specialty stores, drug stores, and health & wellness stores. The availability of premium products in the specialty stores owned by the key players or other distributors is also propelling the offline segment.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2022, Asia Pacific accounted for the highest market share at 35.21% valued at USD 43.41 million, and is expected to reach USD 82.41 million in 2030. In Asia Pacific, India accounted for the highest market share of 37.48% during the base year of 2022. As per the bovine colostrum market analysis, this is due to the rising government initiatives to address all forms of malnutrition. For instance, the Indian Government launched the Eat Right India movement along with the 16 largest food and beverage manufacturers in the country to promote the adoption of healthy alternatives. Additionally, the analysis of the market shows that the shifting consumer taste toward natural and functional food products to adopt a more holistic approach to a balanced diet is another significant factor proliferating the market in the region.
However, Europe is expected to register the fastest CAGR of 9.9% in the market during the forecast period. The growing awareness among consumers about food safety in the region is expected to proliferate the demand. In addition, the market analysis depicts that the rising concerns regarding health among consumers and government are another significant factor driving the market.
The bovine colostrum market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market stake through mergers, acquisitions, and partnerships. The key players in the bovine colostrum industry include-
In 2022, the market size of bovine colostrum was USD 123.29 million
In 2030, the market size of bovine colostrum will be expected to reach USD 243.23 million.
Growing awareness regarding the benefits of bovine colostrum and increasing demand for functional food are the key factors driving the growth of the bovine colostrum market.
In 2022, the food & beverage segment accounted for the highest market share of 53.21% in the overall bovine colostrum market.
Europe is expected to be the fastest-growing region in the market during the forecast period.