The colostrum market in the region is largely held by countries such as China, Japan, Australia, and New Zealand. The factors leading to the growth of the colostrum market in these countries are the large production of colostrum based products. The countries are also the largest exporters and consumers for colostrum based and other dairy products.
In addition, in the other countries of Asia Pacific the rising demand for the colostrum, development in the field of the livestock sector, development for the colostrum and raising awareness about the benefits of colostrum are estimated to grow the colostrum market during the forecast period.
China is anticipated to lead the adoptions of Colostrum across the Asia Pacific region through the forecast period. The colostrum market in China is expected to grow significantly, owing to the largest consumption of colostrum and colostrum based products. In the country, the epidemic of severe acute respiratory syndrome (SARS) has resulted in the highest demand for colostrum. Also, the consumption of milk and milk products has increased across the country. It is also increased the production of milk production in the past few years.
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 572.16 Million |
Market Size by 2027 | US$ 804.69 Million |
Global CAGR (2019 - 2027) | 4.4% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Product
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The List of Companies - Asia Pacific Colostrum Market