Rising demand for healthy and immunity boosting food products in all worldwide locations is likely to generate prodigious expansion avenues in the global colostrum market during the assessment period 2020–2030. Colostrum refers to a milk form that is gained from several mammals including sheep, cows, goats, and humans after pregnancy prior to breast milk is released.
TMR’s upcoming research report on the colostrum market delivers 360-degree analysis of this market for the forecast period of 2020–2030. Thus, the study covers many important aspects including growth opportunities, drivers, competitive landscape, and restraints of the market for colostrum. Apart from this, the study sheds light on the various challenges and trends in this market.
Product, application, form, and region are some of the key parameters considered for the segmentation of the global colostrum market. Based on product, the market for colostrum is classified into specialty colostrum powder, skim colostrum powder, and whole colostrum powder.
Colostrum is gaining popularity among health enthusiasts across the globe as it contains immunologically and physiologically active components in copious amount. Some of the key components present in colostrum include immunoglobulins, leukocytes, cytokines, lysozymes, and lactoferrin. Growing application of colostrum in numerous end-use industries including infant food, nutritional supplements, animal feed, pharmaceuticals, and biotechnology is expected to drive sales opportunities in the global colostrum market in the years ahead.
In recent few years, there is remarkable growth in awareness among major health conscious population pertaining to the importance of food supplements in improving overall health as well as immunity of infants and animals. This factor is projected to drive sales opportunities in the colostrum market. The improved spending power together with increasing trend of fitness and sports among major population across the globe is foreseen to boost overall sales of the global colostrum market in the years to come.
Several enterprises in the cosmetic industry are growing the use of colostrum in their products. Owing to this factor, the vendors working in the global colostrum market are experiencing lucrative avenues from the cosmetic industry across the globe.
Many companies operating in the food and beverage sector are growing focus toward incorporating colostrum in their products such as beverages, nutrition bars, and functional foods. This scenario is expected to generate prodigious sales opportunities in the global colostrum market in the years ahead.
The global colostrum market is fairly fragmented in nature. Presence of many global and local players connotes that the competitive landscape of the market for colostrum is extremely intense. Vendors working in this market are using diverse strategies to gain the leading position. Some of the key strategies employed by industry leaders include mergers, acquisitions, joint ventures, new product launches, partnerships, and collaborations.
Some of the key participants in the global colostrum market are:
Based on region, the global colostrum market is bifurcated into many geographical regions such as Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Of all regions, North America is one of the lucrative regions in the market for colostrum. This growth can be attributed to increased health awareness among major population living in this region.