Bovine Colostrum Market Growing at a CAGR of 9.1% from 2023 to 2030.

Key Market Overview

In 2022, the bovine colostrum market was USD 123.29 Million. According to Consegic Business Intelligence, the market is projected to grow with a CAGR of 9.1% to reach USD 243.23 million in 2030. The report highlights the increasing adoption of bovine colostrum in the food & beverages industry which is proliferating the global market growth.

Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the bovine colostrum market.

Global Bovine Colostrum Market By Overview

The bovine colostrum market is bifurcated into form, application, end use industry and, distribution channel. Based on form segment the market is segmented into liquid and solid. In 2022, the liquid segment dominated the overall bovine colostrum market. The application segment is classified into dietary supplements, sports nutrition, functional foods, animal nutrition, infant formula, and others. In 2022, the functional food segment dominated the bovine colostrum market. The end use industry segment is categorized as food & beverages, personal care & cosmetics, pharmaceutical, animal feed and others. In 2022, food & beverage segment accounted for the highest market share in the bovine colostrum market. Based on the distribution channel market is divided into online and offline. In 2022, the online segment held the highest market share in the bovine colostrum market.

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Market Dynamics

Driver:

The increasing demand for fortifying and nutritional food additives is driving the bovine colostrum market growth
The rising health benefits offered by bovine colostrum including protection of the immune system is driving the market growth.

Restraints:

The rising concerns regarding potential bacterial contaminants present in the bovine colostrum is likely to hinder the market growth.

Market Segmentation:

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, 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

Competitive Landscape :

The market is dominated by certain major companies such NOW Foods, Pantheryx, BIOSTRUM NUTRITECH PVT. LTD, and Cure Nutraceutical PVT. LTD has a strong market position in current market circumstances. Further, the Bovine Colostrum market is expected to witness significant growth in coming years due to increasing demand for functional food, sports nutrients, and dietary supplements from various end use industries such as food & beverages, pharmaceutical, among others. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in bovine colostrum are expected to help market players adopt innovative ways of product isolation to cater to the growing needs of various end-use industries.

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

Global Bovine Colostrum Market growing at a CAGR of 9.1 % from 2023 to 2030