Colostrum Market to reach around US$ 2.0 Billion by 2027- CMI

Colostrum is a milky fluid that is released by mammalian after they give birth to infants. It contains a high level of nutrition that promotes the healthy growth of the infant. Colostrum is used to produce supplements that are called bovine colostrum and are rich in vitamins and minerals. Bovine colostrum is gaining huge demand as they fight against infection, improve immunity, and enhance overall gut health. Bovine colostrum appears light yellow color in color with a subtle taste and smell of buttermilk. The market can be classified on the basis of product type into whole colostrum powder, skim colostrum powder, and specialty colostrum powder. Functional foods & nutritional supplements, medical nutrition food, animal feed, infant food, and cosmetics are some of the major applications of colostrum.

The global colostrum market is estimated to account for slightly less than US$ 1.4 billion in terms of value in the year 2018 and it predicted to grow at a CAGR of 4% during the forecast period (2019-2027)

Drivers

Increasing demand for colostrum due to the rich source of immunoglobulins is expected to propel the market growth. Colostrum is a rich source of immunoglobulins which entails

IgM, IgG, and IgA, out of which IgG is the major immunoglobin, which destroys pathogens present in the bloodstream. Hence, the presence of IgG boosts the overall immunity to the human body and protects it from various diseases caused by bacteria and viruses. This is expected to augment the market growth.

Market Opportunities

Growing application of colostrum in medical nutrition food that enhances the immune system of patients is expected to augment the market growth of Colostrum. According to a field survey conducted by ColoPlus AB in 2015 on medical food, the use of colostrum in medical nutritional food strengthens the immune system of children diagnosed with acquired immune deficiency syndrome (HIV/AIDS) as well as reduces diarrhea and immune deficiency-related disorders.

Market Restraints

Some users are lactose intolerance and lactose is present in high amounts in bovine colostrum which is expected to curb the market growth. Lactose intolerance is a condition where the body is unable to digest lactose and leads to symptoms such as cramps, nausea, and diarrhea. This factor is expected to restrict the adoption of colostrum among lactose intolerance consumer which is expected to impact the market growth negatively.

Key Takeaways:

On the basis of application, the infant food dominated the global colostrum market in 2018 with a 30% of market share in terms of value, followed by animal feed and functional food & nutritional supplements.

Market Trends

Growing demand for colostrum infant formula is expected to foster the market growth of Colostrum over the forecast period. Bovine colostrum-based infant formula is gaining popularity across both developed as well as developing countries, owing to its high nutritious value and is also easily digestible by infants. Moreover, colostrum has high amounts of IgG immunoglobulin, which improves the overall infant’s immune system. This is expected to propel the market growth.

The rising trend of using bovine colostrum in the cosmetic industry especially in anti-aging products is projected to foster the market growth of colostrum over the forecast timeframe. Bovine colostrum regenerates skin cells and promotes healthy skin due to lactoferrin and immunoglobulin IgA content is expected to augment the demand for bovine across the cosmetic industry. This is expected to propel the market growth of colostrum over the forecast period.

Competitive Section:

Key players operating in global colostrum market are APS Biogroup, Biostrum Nutritech Pvt. Ltd., La Belle, Inc., Sterling Technology, Good Health NZ Products Ltd., The Saskatoon Colostrum Co.Ltd., NIG Nutritionals Limited, Ingredia Nutritional, Cuprem Inc, and Biotaris B.V.

Market Taxonomy

By Product Type