Global Bovine Colostrum Market - 2023-2030

Global Bovine Colostrum Market - 2023-2030

Global Bovine Colostrum Market reached US$ 3.21 billion in 2022 and is expected to reach US$ 5.19 billion by 2030, growing with a CAGR of 6.21% during the forecast period 2023-2030.

The global bovine colostrum market has witnessed significant growth and transformations over the years, as consumers are highly adopting this bovine colostrum as a dietary supplement as it is a rich natural source of macro- and micro-nutrients, immunoglobulins, and peptides with anti-microbial activity, and it helps to promote general health and immune support.

In addition, as the demand for specialty nutritious products is rising among consumers, manufacturing companies are developing innovative products. For instance, in November 2022, PanTheryx launched Life's First Naturals PRO bovine supplement, an extra-strength immune support and digestive health supplement formulated for the health care practitioner channel.

The dietary supplements of colostrum and Asia-Pacific region show the dominance in global bovine colostrum market, as the milk production rate and demand are high in this region, which aligns the production of bovine colostrum products, hence, it can help in driving the global bovine colostrum market.

Dynamics

Increase in Health and Wellness Trends

Consumers are increasingly seeking natural and nutritional supplements to support their overall well-being. Bovine colostrum, being a rich source of various nutrients and bioactive compounds, aligns with this demand, and also, helps in enhancing the immune system, and gut health. Hence, the rising health and wellness trends can contribute to driving the global bovine colostrum market.

Furthermore, manufacturing companies are launching novel colostrum products in their portfolios. For instance, in May 2022, Pantheryx, a digestive and immune support ingredients company specializing in colostrum, launched a colostrum with probiotic strains for children’s and adults’ dietary supplements. The new formulation capability creates combination products with colostrum and strains such as Bifidobacterium animalis BB-12, Lactobacillus rhamnosus LGG+, Lactobacillus plantarum HEAL9, Lactobacillus paracasei 8700:2, and B. subtilis DE111.

Increasing Prevalences Of Colostrum Cancers

The probiotic disorder can cause colostrum cancer, and the prevalence of colostrum cancer is rising among consumers. For instance, according to a World Health Organization (WHO) report, colorectal cancer is the third most common cancer worldwide, accounting for approximately 10% of all cancer cases, and is the second leading cause of cancer-related deaths worldwide. It predominantly affects older individuals, with most cases occurring in people aged 50 and above.

In addition, manufacturing companies focus on developing a wide range of products to attract larger consumer bases. For instance, in November 2022, APS and Sunplus, announced a multi-year strategic partnership to develop new bovine colostrum products. Through the strategic partnership, APS will debut its new colostrum basic protein and immunoglobulin g formula in sunplus’s natrapure cbps milk powder.

Rising Prevalence of Lactose Intolerance

Lactose intolerance is a digestive disorder where the body is unable to digest lactose, a type of sugar found in milk and dairy products. According to a report by Medline Plus in 2023, the number of people with lactose intolerance has been increasing. It is estimated that around 65% of the human population has a reduced ability to digest lactose after infancy. This condition is particularly prevalent in the East Asian region. As a result, this high prevalence rate can limit the market for smaller consumer bases.

Segment Analysis

The global bovine colostrum market is segmented based on nature, form, distribution channel, application, and region.

Increase in Adoption of Colostrum as a Dietary Supplement

The dietary supplements of colostrum have the maximum share in the global bovine colostrum market, as colostrum has high nutritional value, natural macro- and micro-nutrients, immunoglobulins, and others, the consumption of colostrum helps in improving the immune system to fight against diseases.

Furthermore, supplement-producing companies are launching innovative products. For instance, in August 2022, The Roots Brands is unveiling a one-of-a-kind blend of hydrolyzed bovine collagen and whole colostrum powder as a youth-enhancing supplement, which is Dubbed Give Me Back My Youth (GMBMY), is sourced from cows. it helps to promote type types I and Ill collagen in humans, and also boosts skin hydration, enhancing suppleness and minimizing wrinkles.

Geographical Penetration

High Milk Production

Asia-Pacific has been a dominant force in the global cow colostrum market and its significant growth. From ancient times milk and milk products have been part of the consumer's diet in this region, also the demand for cow colostrum products is rising especially in infant foods as they provide antibodies and enhance the immune health.

Furthermore, the production rate for milk is high in this region, for instance, according to the Ministry of Fisheries, Animal Husbandry & Dairying reports the milk industry has raised, since the launch of Operation Flood program. India is the largest producer of milk in the world, contributing 23% of global milk production.

Competitive Landscape

The major global players in the market include Colostrum BioTec GmbH, Zuche Pharmaceuticals., Biodane Pharma A/S, Agati Healthcare, Vivesa holding s.r.o., Cure Nutraceutical PVT. LTD, PanTheryx, Inc., NOW Health Group, Inc., Sterling Technology, and Farbest Brands

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic in late 2019 created unprecedented challenges for industries worldwide, including the global bovine colostrum market. Many countries have imposed lockdown restrictions which have impacted the distribution channel, exports, and imports of the products.

Additionally, COVID-19 has created opportunities for manufacturers to develop innovative products with beneficial effects and to support the market, for instance, in May 2020, The Surat District Cooperative Milk Producers Union Limited developed cow colostrum powder' Sumul Immune powder, an immunity booster to protect COVID-19-positive patients, it has albumin, globulin, and Gama globulin. It is rich in vitamins A, D, E, and K and also contains 300 types of enzymes to increase gut health.

By Nature
• Organic
• Conventional

By Bovine
• Liquid
• Powder
• Capsules
• Tablets

By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty stores
• Convenience stores
• Others

By Application
• Dietary Supplements
• Functional Food
• Animal Nutrition
• Cosmetics
• Infant Formula
• Pharmaceuticals
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In January 2024, Australian infant goat milk formula specialist Nuchev launches its first bovine products targeting school-going children and adults.
• In April 2021, Kilyos Nutrition and Pantheryx are partnering for the research, development, and commercialization of bovine colostrum solutions in Brazil.

Why Purchase the Report?
• To visualize the global bovine colostrum market segmentation based on nature, form, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bovine colostrum market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global bovine colostrum market report would provide approximately 70 tables, 67 figures and 210 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies