Report : Bovine and Goat Colostrum Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Form (Liquid, Powder, and Tablets and Capsules); Nature (Conventional and Organic); End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplements, Sports Nutrition, Functional Food, Cosmetics, and Infant Formulae); Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Specialty Stores, Online Distribution); and Geography
Increasing demand for colostrum supplements among athletes to escalate bovine and goat colostrum market growth at 4.2% CAGR during 2019–2027
According to our latest market study on “Global Bovine and Goat Colostrum Market Forecast to 2027 – Covid-19 Impact and Global Analysis – by Form (Liquid, Powder, and Tablets and Capsules); Nature (Conventional and Organic); End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplements, Sports Nutrition, Functional Food, Cosmetics, and Infant Formulae); Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Specialty Stores, Online Distribution); and Geography,” the market was valued at US$ 1,418.90 million in 2018 and is projected to reach US$ 2,028.65 million by 2027; it is expected to grow at a CAGR of 4-7.2% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Colostrum is a whitish fluid released before breast milk development begins in mammals that have given birth recently. It caters to the nutrition requirements of the newborn baby. It consists of essential bioactive compounds, including antibodies, which provide protection to newborn babies against several diseases. The colostrum has been gaining high medical importance worldwide in the treatment of various health diseases, such as chronic fatigue syndrome, cancer, and blood infections. Increased demand for colostrum-enriched nutraceuticals is anticipated to boost the market growth. Bovine colostrum is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, and digestive enzymes, which stimulate tissue growth and immune maturation functions and helps maintain the digestive system health. Bovine colostrum also helps protects children and adults against several infectious diseases.
With the natural antibodies, colostrum contains proline-rich polypeptides or colostrum polypeptides (CPs); the PCs are short chains of amino acids that help suppress an overactive immune system or stimulate an underactive immune system. The proline-rich polypeptides and CPs act as immune system modulators that are vital to bring back the immune system to a state of balance, mainly when it has been overtaxed by exercise. In addition, lactoferrin present in colostrum helps eliminate bacteria by removing the iron required by the bacteria to reproduce. Skilled and amateur athletes commonly search for better ways to improve their performance. Bovine colostrum provides an alternative to traditional athletic performance supplements that is available for athletes of all skill levels and all ages.
Bovine colostrum is an all-natural superfood that contains growth factors, which are biologically transferrable for human use. It has insulin-like growth factor (IGF-1) in large quantity, which is a type of growth hormone that helps promote muscle growth and support adipose stores. The liver mainly produces IGF-1, and its production is enthused by the growth hormone (GH). It is naturally occurring and capable of motivating muscle growth on its own.
Alphatech SAS; Biostrum Nutritech Pvt. Ltd; Now Health Group, Inc; Swanson; APS Biogroup; Colostrum BioTec GmbH; Manna Pro Products LLC; LAND O'LAKES ANIMAL MILK PRODUCTS CO.; FARM-O-SAN; LA BELLE COLOSTRUM; and Biotaris B. V., are among the well-established players present in the global bovine and goat colostrum market.
Impact of COVID-19 Pandemic on Bovine and Goat Colostrum Market
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. The COVID-19 outbreak has affected economies and industries due to imposed lockdowns, travel bans, and business shutdowns. Food & beverages is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. This is further projected to impact the demand for bovine and goat colostrum products globally.
The report includes the segmentation of the global bovine and goat colostrum market as follows:
By Distribution Channel