Bovine and Goat Colostrum Market Analysis and Opportunities by 2027

The bovine and goat colostrum market accounted for US$ 1,418.90 million in 2018, and it is expected to grow at a CAGR of 4.2% from 2019 to 2027, to reach US$2,028.65 million by 2027.

Colostrum is a whitish fluid released prior to breast milk development begins in mammals that have given birth recently. It mainly caters to the nutrition requirements of the newborn baby. It also consists of essential bioactive compounds, such as antibodies, which deliver protection to newborn babies against many diseases. Colostrum basically supplies the body with immune support; also, it is easily tolerated by most. The colostrum is gaining high medical importance globally in the treatment of several health diseases, like chronic fatigue syndrome and blood infections. Bovine colostrum is known as a rich source of vitamins, fats, growth hormones, carbohydrates, minerals, and digestive enzymes, which further stimulate tissue growth along with the immune maturation functions also helps maintain the digestive system health. Goat colostrum lactoferrin concentration is quite higher than cow's milk, that ranged from 455.8 to 2058.3 mg/dl on goat colostrum also 575.0 mg/dl in bovine colostrum.

The studied market in the Asia-Pacific region is expected to grow at the highest CAGR of 4.7% during the forecast period. The growth of the studied market in this region is mainly attributed to the huge and easy availability of raw materials required to produce bovine and goat colostrum. Bovine and goat colostrum has been gaining widespread popularity in the European regions owing to its applications mainly in functional food and dietary supplement to enhance the nutritional profile, also increasing health benefits of the foodstuff. In APAC, the demand for premium products such as bovine and goat colostrum is positively impacted by the rise in disposable income and the change in consumer perceptions towards changing food habits. Development in the field of the livestock sector and raising awareness about the benefits of colostrum are further estimated to grow the bovine and goat colostrum market during the forecast period. All these factors are further influencing the market growth in this region.

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Bovine and Goat Colostrum Market: Strategic Insights

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Impact of COVID-19 on Bovine and Goat Colostrum Market

As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.

Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the stevia market. However, as the economies are planning to revive their operations, the demand for stevia is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.

Market Insights

Growing Application in Sports Nutrition

Some athletes try to find new ways to enhance sports performance. And they prefer to have nutrition supplements and ergogenic aids. Nutritional supplements are basically substances that help the organism to gain a high performance or to achieve a good physiological status after a health problem. Ergogenic aids can also enhance athletic performance. One of the nutritional supplements utilized for athletes is colostrum. Colostrum contains macronutrients including protein, fat, vitamins, carbohydrates, and minerals, and also bioactive components like growth factors & antimicrobial elements; hence it might be good for athletic health & performance. Colostrum is high in globulins, also unlike mature milk, is, therefore, heat coagulable. As much as 10% of the protein in cow colostrum is globulins, and most of this globulin is immune globulins. Dietary bovine colostrum supplements may activate immunological defense systems against microbes on mucous membranes since it is an extremely rich source of immunoglobulins. Colostrum further contains polyproline-rich-peptides which help an active immune system, and lactoferrin, which seems to be a potent, broad-spectrum natural antibiotic & antiviral agent. Due to all these nutritional properties, colostrum is gaining importance in sports nutrition, hence influencing the demand for the bovine and goat colostrum market.

Form Insights

The bovine and goat colostrum market, based on form, is segmented into liquid, powder, and tablets, and capsules. In 2018, the powder segment dominated the bovine and goat colostrum market; however, the market for the colostrum available in tablets and capsules form is expected to grow at the highest CAGR during the forecast period. Spray drying along with freeze-drying are the most also preferred traditional method used for dehydrating liquid bovine && goat colostrum into powder also the preservation of colostrum, which can further reduce transportation and storage costs also can extend the shelf life. The colostrum powder production process mainly consists of three steps conducted, especially in a sterile environment, that includes thawing & crushing of the frozen colostrum, pasteurization of the liquid colostrum, then low-temperature spray drying. Powdered colostrum is utilized in various industrial applications like pharmaceuticals, sports nutrition, functional food, animal nutrition, dietary supplement, cosmetics, and infant formula. In addition, increasing usage of bovine and goat colostrum powder in infant formula as well as baby food products is presumed to provide a huge market opportunity for the key players operating in the market.

Nature Insights

The bovine and goat colostrum market, based on nature, is segmented into Conventional and Organic. The conventional segment accounted for a substantial share of the market in 2018, whereas the market for the organic segment is expected to grow at a faster CAGR during the forecast period. Conventional bovine, as well as goat colostrum, is produced from conventionally raised cows & goats. These cows and goats are mainly fed conventionally grown food, which involves grass and grain, like GMO soy. In animal rearing, conventional farmers mainly administer antibiotics along with the growth hormones to enhance the growth and well-being of the cows and goats.

End-Use Insights

The bovine and goat colostrum market, based on end-use, is segmented into pharmaceuticals, animal nutrition, dietary supplements, sports nutrition, functional food, cosmetics, and infant formulae. In 2018, the functional food segment accounted for a substantial share of the global bovine and goat colostrum market, whereas the dietary supplements segment is expected to register the fastest CAGR during the forecast period. Functional food products are basically consumed to improve the intake of essential nutritional components, mainly in the human body. Factors, including healthy living, growing consumption of healthy food products, are becoming an essential factor in maintaining a healthy lifestyle. Consumers are highly demanding functional food also beverages so as to promote their health. Furthermore, the rise in prevalence of chronic diseases across developed and developing countries is further contributing to the growing demand for functional food. Bovine and goat colostrum is rich in antibodies like IgG, IgA, and IgM. Before antibiotics were invented, colostrum was widely utilized to fight different infections & prevent diseases. Due to all these benefits of colostrum, it is utilized in functional food products, hence propelling the market growth.

Distribution Channel Insights

Based on distribution channels, the global bovine and goat colostrum market is categorized into hypermarkets/supermarkets, medical stores/pharmacies, convenience stores, specialty stores, online channels, and direct/b2b. The direct/b2b segment accounted for a substantial share of the global market in 2018, whereas the market for the medical stores/pharmacies segment is expected to grow at the fastest CAGR during the forecast period. Pharmaceutical industries, animal nutrition, dietary supplement, sports nutrition, functional food, cosmetics industries utilize bovine and goat colostrum products as key functional ingredients in their products. These industries buy bovine and goat colostrum in a bulk quantity from the producers. B2B sales have the potential to make more money and profit as compared to B2C sales. B2B distribution channels need fewer clients as compared to retail sellers. This means that B2B sellers can focus more effort on each business client and earn higher profits.

Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the bovine and goat colostrum market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.

Bovine and Goat Colostrum Market Regional Insights

The regional trends and factors influencing the Bovine and Goat Colostrum Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bovine and Goat Colostrum Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Bovine and Goat Colostrum Market Report Scope

Bovine and Goat Colostrum Market Players Density: Understanding Its Impact on Business Dynamics

The Bovine and Goat Colostrum Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Bovine and Goat Colostrum Market are:

1. ALPHATECH SAS
2. BIOSTRUMNUTRITECH PVT. LTD
3. NOW HEALTH GROUP, INC
4. SWANSON
5. APS BIOGROUP

Disclaimer: The companies listed above are not ranked in any particular order.

Report Spotlights 

• Progressive industry trends in the global bovine and goat colostrum market to help players develop effective long-term strategies
• Business growth strategies adopted by companies in developed and developing markets
• Quantitative analysis of the global bovine and goat colostrum market from 2018 to 2027
• Estimation of global bovine and goat colostrum demand generated by various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the bovine and goat colostrum ecosystem
• Recent developments to understand the competitive market scenario and global bovine and goat colostrum demand
• Market trends and outlook, coupled with factors driving and restraining the growth of the global bovine and goat colostrum market
• Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the bovine and goat colostrum market growth globally

• Global bovine and goat colostrum market size at various nodes of the market
• Detailed overview and segmentation of the global bovine and goat colostrum market, as well as the bovine and goat colostrum industry dynamics
• Global bovine and goat colostrum market size in various regions with promising growth opportunities

Bovine and Goat Colostrum Market – By Form

• Liquid
• Powder
• Tablets and Capsules

Bovine and Goat Colostrum Market – By Nature

• Conventional
• Organic

Bovine and Goat Colostrum Market – By End-Use

• Pharmaceuticals
• Animal Nutrition
• Dietary Supplements
• Sports Nutrition
• Functional Food
• Cosmetics
• Infant Formulae

Bovine and Goat Colostrum Market – By Distribution Channel

• Hypermarket/Supermarket
• Medical Stores/Pharmacies
• Convenience Stores
• Specialty Stores
• Online Distribution
• Direct/B2B

Company Profiles

• Alphatech Sas
• Biostrumnutritech Pvt. Ltd
• Now Health Group, Inc
• Swanson
• Aps Biogroup
• Colostrum Biotec Gmbh
• Manna Pro Products Llc
• Land O'lakes Animal Milk Products Co
• Farm-O-San
• La Belle Colostrum
• Biotaris B.V.