Colostrum Market Share, Size, Trends, Industry Analysis Report, By Product (Whole Powder, Skimmed Powder, and Specialty Powder); By Application; By Form; By Region; Segment Forecast, 2024-2032
- Published Date:Jan-2024
- Pages: 116
- Format: PDF
- Report ID: PM3106
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global colostrum market was valued at USD 1,729.03 million in 2023 and is expected to grow at a CAGR of 3.4% during the forecast period. Rapidly increasing demand for colostrum-enriched nutraceuticals and surge in the penetration for bovine colostrum’s immunological, antibacterial, and various growth-promoting properties that stimulate the development of an immune system, digestive system, and tissues are key factors influencing the market growth. Colostrum has a wide range of applications, including nutritional supplements, animal feed, cosmetics, infant food, and pharmaceuticals, owing to the large presence of immunologically and physiologically active components has spurred the demand for the product demand. Thus, to cater to this rising demand, many key market players focus on introducing several new products, propelling market growth.
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For instance, in April 2022, PanTheryx, a leading digestive and immune support ingredients company specializing in colostrum, announced the launch of its new Probiotic-Colostrum combo ingredients. With this new formulation, manufacturers can easily create combination products with colostrum and strains.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the colostrum market. The food & beverages industry was one of the major industries that suffered huge disruptions in the supply chain, technology event cancellations, closure of production plants, and many others due to the rapid spread of the pandemic across the globe. The suspension of many plants and factory operations in major regions, including North America, Europe, and Asia Pacific, has negatively affected global demand and supply chains.
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Industry Dynamics
Growth Drivers
An exponential increase in chronic disease incidences, like heart disease and diabetes, has forced people to shift from fast foods and other types of convenience foods to functional foods and nutritional supplements that are likely to fuel the demand and growth of the market. Colostrum’s ability to assist the body in fighting against several diseases causing germs and viruses, along with delivering critical elements such as proteins, vitamins, and energy, further propels product adoption worldwide. The increasing prevalence of colostrum-based products worldwide for boosting muscle strength, endurance, fat-burning, strengthening immunity, and fewer mass gains, mainly among bodybuilders and sports enthusiasts, is projected to be the major factor driving the global colostrum market growth.
Report Segmentation
The market is primarily segmented based on product, application, form, and region.
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By Product |
By Application |
By Form |
By Region |
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Whole powder segment accounted for the largest market share in 2022
The whole powder segment accounted for a significant global market share in 2022 and is likely to retain its position throughout the forecast period. The growth of the segment market can be largely attributed to its good shelf life when they are being formulated in the production of various types of nutritional products for both animals and humans. In addition, the rapid surge in the prevalence and popularity of liquid juices with a large amount of nutritional content is further boosting the demand for whole colostrum powder across the globe.
For instance, according to our findings, the total export of non-alcoholic beverages stood at USD 558 million between 2019-2020, with a significant rise of over 26% from the export value of the previous year. The Netherlands was the largest exporter of non-alcoholic beverages (USD 137 million), followed by Germany and Italy.
The skimmed powder segment is projected to grow considerably during the study period, which is highly accelerated by the growing awareness regarding the product's composition. Thus, skimmed powder colostrum is significantly promoting its utility as a major sports supplement across many fitness individuals & gym professionals by ensuring muscle gains and helping maintain the body's strength.
Nutritional supplementation segment held the highest market share in 2022
The nutritional supplementation segment held a significant market share in 2022, with a healthy growth rate due to continuous changes in consumer lifestyles and an increasing shift towards better wellness and health management among working-class professionals, especially in developing countries like India, China, Brazil, and South Korea. Moreover, the rapidly increasing importance of ensuring proper and appropriate nutrition among infants in well-established and high-income countries, including the US, Canada, and Germany, is also likely to fuel the adoption and demand of the product as baby care nutritional supplements.
The animal feed segment is anticipated to expand at a significant CAGR over the coming years, owing to the increased awareness regarding the capabilities of colostrum during both heat & cold stress and the emergence of China & India as manufacturing hubs of broiler meat. The surging demand and penetration for animal feed across various Middle Eastern Countries as a functional ingredient is projected to create huge demand during the forecast period.
Powder segment is expected to hold substantial market revenue share in 2022
The powder segment is anticipated to account for a substantial market share in revenue in 2022. The growing popularity of colostrum powder as a diary-based superfood with various major health benefits, from boosting gut health to dealing with inflammation and osteoporosis. Colostrum powder has been observed to help improve the microbiome in the gut due to the abundance of a wide range of natural antibodies. It further helps nourish and promote the repopulation and support in restoring the damaged intestinal lining and effectively maintaining its tight junction integrity, thereby fueling the demand and growth of the segment market.
The demand in Asia Pacific in expected to witness fastest growth throughout the anticipated period
The Asia Pacific region is projected to emerge as the fastest growing region throughout the anticipated period, which is mainly attributable to increasing consumer disposable income and higher improvements in the people living standards, mainly in the middle-class income groups, coupled with the increasing proliferation of various favorable government policies for creating new investments. In addition, the surge in the concentration of innovative cattle farming facilities, especially in China, New Zealand, and India, is encouraging leading market players to form partnerships and strategic agreements to access raw materials for the manufacturing of colostrum. Thus, the region's colostrum market is projected to gain significant traction over the forecast period.
North America region led the market for colostrum and generated a healthy revenue in 2022, and is expected to maintain its dominance over the study period. The regional market growth is highly attributable to health-conscious consumers' widespread presence and inclination towards healthy diets and supplements. Large and strong brand campaigns to support and promote the proper lifestyle and balanced nutritional diet, mainly through various social media platforms and electronic media, are anticipated to bode well for the market growth in the region.
Competitive Insight
Some of the major players operating in the global market include La Belle, Saskatoon Colostrum, Ingredia Nutritional, NIG Nutritionals, Biostrum Nutritech, APS BioGroup, Cuprem, Sterling Technolohy, Biotaris, Vivesa Holding, Cure Nutraceutical, Agati Healthcare, MIP Colostrum, Jarrow Formulas, PuraLife, NOW Health Group, & Sovereign Laboratories.
Recent Developments
- In August 2022, The Roots Brand introduced a mixture of hydrolyzed bovine collagen & colostrum powder. The product is mainly developed to support and assist the body in health, wellness, and overall greatness and consisting various high concentrations of growth factors, including lactoferrin and antibodies.
- In March 2021, PanTheryx introduced its three new formulations for their “ColostrumOne” bovine colostrum ingredient, which comprises soft press, nutrition bars, & soft-chews. The newly developed product is a low-calorie option compared to the traditional gummy supplement.
Colostrum Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1,785.39 million |
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Revenue forecast in 2032 |
USD 2,332.00 million |
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CAGR |
3.4% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024– 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Product, By Application, By Form, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
La Belle Inc., The Saskatoon Colostrum, Ingredia Nutritional, NIG Nutritionals, Biostrum Nutritech, APS BioGroup, Good Health NZ Products Ltd., Cuprem Inc., Sterling Technolohy, Biotaris B.V., Vivesa Holding, Cure Nutraceutical Pvt. Ltd., Agati Healthcare, MIP Colostrum NZ, Jarrow Formulas Inc., PuraLife LLC, NOW Health Group Inc., and Sovereign Laboratories. |
FAQ's
The colostrum market report covering key segments are product, application, form, and region.
Colostrum Market Size Worth $2,332.00 Million By 2032.
The global colostrum market expected to grow at a CAGR of 3.4% during the forecast period.
Asia Pacific is leading the global market.
Key driving factors in colostrum market are increasing demand from the cosmetic sector and increase in chronic disease incidences.
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