Colostrum Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Key players are Sterling Technology and Colostrum BioTec GmbH.

Colostrum Market is expected to grow at a CAGR of 4.06% to reach a market size worth US$1,984.426 million by 2027.

The prime factor propelling the colostrum market growth is increasing skincare awareness among the people and the rising population of newly born infants.

As per the report, the colostrum market is expected to grow steadily.

Colostrum is a nutritional supplement derived from bovine with a range of bioactive proteins and other ingredients that help maintain healthy immune function and lean muscle tissue, and it is considered nature's superfood. Premium skincare products use colostrum as an ingredient to help protect against environmental impacts, as colostrum helps in cell repair and growth. In addition, colostrum contains antibacterial characteristics and a moisturizing effect on the skin, which helps reduce skin irritation and treat skin conditions. Cosmetics containing colostrum increase skin elasticity and resistance, slow down aging, and brighten facial skin. For example, a full line of high-end colostrum cosmetics is available under the MCE Pharma brand from Viveza Holding, along with complementary products that are more reasonably priced. The increasing awareness about skincare is expected to drive the demand for colostrum. According to the National Investment Promotion & Facilitation Agency, in 2022, the Indian beauty and personal care (BPC) market stood at $15 Bn and is growing at 10%, expected to double by 2030, with skincare and cosmetics driving this growth. Since bovine colostrum has a higher nutritional value than human colostrum and is easily digestible by infants, the market for colostrum-based infant formula is expanding in both developed and developing economies owing to the growing infant population. According to the Centers for Disease Control and Prevention's National Center report in 2022, 3,664,292 babies were born in 2021 in the USA, which was a 1% increase from the previous year. According to the National Institute of Statistics and Economic Studies, in 2021, 738,000 babies were born in France, 3,000 more than in 2020.

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The colostrum market has been categorized based on form, powder type, application, and geography.

Based on the form, the market has been segmented into powder, capsule, and chewable tablets.

Based on the powder type, the market has been segmented into whole colostrum powder, skimmed colostrum powder, and specialty colostrum powder. Based on the application, the market has been segmented into functional foods, infant foods, cosmetics, animal feeds, and dietary supplements.

By region, North America is expected to retain a considerable market share due to recent advancements in cosmetic products, the need for supplements to satisfy growing customer expectations, an increase in the infant population, and awareness about health. Product launches by companies are also expected to act as an additional driving factor. For instance, In March 2021, three bovine colostrum-based product formulations were released by PanTheryx, a leader in nutrition and biotechnology. Such developments in the region will boost the demand for colostrum, thereby accelerating their regional growth.

As a part of the report, the major players operating in the colostrum market that have been covered are NOW Foods, The Saskatoon Colostrum Company, Good Health, Sterling Technology, Colostrum BioTec GmbH, Zuche Pharmaceuticals, Agati Healthcare Pvt. Ltd., McePharma, Cure Nutraceuticals Pvt. Ltd., Ingredia Nutritional, Biotaris B.V., and La Belle Inc.

This colostrum market has been analyzed into the following segments:

• By Form

o Powder
o Capsule and Chewable tablets

• By Powder Type

o Whole Colostrum Powder
o Skimmed Colostrum Powder
o Speciality Colostrum Powder

• By Application

o Functional foods
o Infant foods
o Cosmetics
o Animal feed
o Dietary supplements

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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This release was published on openPR.