Bovine and Goat Colostrum Global Market Size, analysis and Forecast 2027

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

Publication Month : Jun 2020

  • Report Code : TIPRE00011854
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 218
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The bovine and goat colostrum market accounted for US$ 1,418.90 million in 2018, and it is expected to grow at a CAGR of 4.2% from 2019 to 2027, to reach US$2,028.65 million by 2027.

Colostrum is a whitish fluid released prior to breast milk development begins in mammals that have given birth recently. It mainly caters to the nutrition requirements of the newborn baby. It also consists of essential bioactive compounds, such as antibodies, which deliver protection to newborn babies against many diseases. Colostrum basically supplies the body with immune support; also, it is easily tolerated by most. The colostrum is gaining high medical importance globally in the treatment of several health diseases, like chronic fatigue syndrome and blood infections. Bovine colostrum is known as a rich source of vitamins, fats, growth hormones, carbohydrates, minerals, and digestive enzymes, which further stimulate tissue growth along with the immune maturation functions also helps maintain the digestive system health. Goat colostrum lactoferrin concentration is quite higher than cow's milk, that ranged from 455.8 to 2058.3 mg/dl on goat colostrum also 575.0 mg/dl in bovine colostrum.

The studied market in the Asia-Pacific region is expected to grow at the highest CAGR of 4.7% during the forecast period. The growth of the studied market in this region is mainly attributed to the huge and easy availability of raw materials required to produce bovine and goat colostrum. Bovine and goat colostrum has been gaining widespread popularity in the European regions owing to its applications mainly in functional food and dietary supplement to enhance the nutritional profile, also increasing health benefits of the foodstuff. In APAC, the demand for premium products such as bovine and goat colostrum is positively impacted by the rise in disposable income and the change in consumer perceptions towards changing food habits. Development in the field of the livestock sector and raising awareness about the benefits of colostrum are further estimated to grow the bovine and goat colostrum market during the forecast period. All these factors are further influencing the market growth in this region.

Impact of COVID-19 on Bovine and Goat Colostrum Market

As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.

Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the stevia market. However, as the economies are planning to revive their operations, the demand for stevia is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.

Global Bovine and Goat Colostrum Market

Global Bovine and Goat Colostrum Market
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Market Insights

Growing Application in Sports Nutrition

Some athletes try to find new ways to enhance sports performance. And they prefer to have nutrition supplements and ergogenic aids. Nutritional supplements are basically substances that help the organism to gain a high performance or to achieve a good physiological status after a health problem. Ergogenic aids can also enhance athletic performance. One of the nutritional supplements utilized for athletes is colostrum. Colostrum contains macronutrients including protein, fat, vitamins, carbohydrates, and minerals, and also bioactive components like growth factors & antimicrobial elements; hence it might be good for athletic health & performance. Colostrum is high in globulins, also unlike mature milk, is, therefore, heat coagulable. As much as 10% of the protein in cow colostrum is globulins, and most of this globulin is immune globulins. Dietary bovine colostrum supplements may activate immunological defense systems against microbes on mucous membranes since it is an extremely rich source of immunoglobulins. Colostrum further contains polyproline-rich-peptides which help an active immune system, and lactoferrin, which seems to be a potent, broad-spectrum natural antibiotic & antiviral agent. Due to all these nutritional properties, colostrum is gaining importance in sports nutrition, hence influencing the demand for the bovine and goat colostrum market.

Form Insights

The bovine and goat colostrum market, based on form, is segmented into liquid, powder, and tablets, and capsules. In 2018, the powder segment dominated the bovine and goat colostrum market; however, the market for the colostrum available in tablets and capsules form is expected to grow at the highest CAGR during the forecast period. Spray drying along with freeze-drying are the most also preferred traditional method used for dehydrating liquid bovine && goat colostrum into powder also the preservation of colostrum, which can further reduce transportation and storage costs also can extend the shelf life. The colostrum powder production process mainly consists of three steps conducted, especially in a sterile environment, that includes thawing & crushing of the frozen colostrum, pasteurization of the liquid colostrum, then low-temperature spray drying. Powdered colostrum is utilized in various industrial applications like pharmaceuticals, sports nutrition, functional food, animal nutrition, dietary supplement, cosmetics, and infant formula. In addition, increasing usage of bovine and goat colostrum powder in infant formula as well as baby food products is presumed to provide a huge market opportunity for the key players operating in the market.

Global Bovine and Goat Colostrum Market, by Form– 2018 and 2027

Global Bovine and Goat Colostrum Market, by Form– 2018 and 2027
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Nature Insights

The bovine and goat colostrum market, based on nature, is segmented into Conventional and Organic. The conventional segment accounted for a substantial share of the market in 2018, whereas the market for the organic segment is expected to grow at a faster CAGR during the forecast period. Conventional bovine, as well as goat colostrum, is produced from conventionally raised cows & goats. These cows and goats are mainly fed conventionally grown food, which involves grass and grain, like GMO soy. In animal rearing, conventional farmers mainly administer antibiotics along with the growth hormones to enhance the growth and well-being of the cows and goats.

End-Use Insights

The bovine and goat colostrum market, based on end-use, is segmented into pharmaceuticals, animal nutrition, dietary supplements, sports nutrition, functional food, cosmetics, and infant formulae. In 2018, the functional food segment accounted for a substantial share of the global bovine and goat colostrum market, whereas the dietary supplements segment is expected to register the fastest CAGR during the forecast period. Functional food products are basically consumed to improve the intake of essential nutritional components, mainly in the human body. Factors, including healthy living, growing consumption of healthy food products, are becoming an essential factor in maintaining a healthy lifestyle. Consumers are highly demanding functional food also beverages so as to promote their health. Furthermore, the rise in prevalence of chronic diseases across developed and developing countries is further contributing to the growing demand for functional food. Bovine and goat colostrum is rich in antibodies like IgG, IgA, and IgM. Before antibiotics were invented, colostrum was widely utilized to fight different infections & prevent diseases. Due to all these benefits of colostrum, it is utilized in functional food products, hence propelling the market growth.

Distribution Channel Insights

Based on distribution channels, the global bovine and goat colostrum market is categorized into hypermarkets/supermarkets, medical stores/pharmacies, convenience stores, specialty stores, online channels, and direct/b2b. The direct/b2b segment accounted for a substantial share of the global market in 2018, whereas the market for the medical stores/pharmacies segment is expected to grow at the fastest CAGR during the forecast period. Pharmaceutical industries, animal nutrition, dietary supplement, sports nutrition, functional food, cosmetics industries utilize bovine and goat colostrum products as key functional ingredients in their products. These industries buy bovine and goat colostrum in a bulk quantity from the producers. B2B sales have the potential to make more money and profit as compared to B2C sales. B2B distribution channels need fewer clients as compared to retail sellers. This means that B2B sellers can focus more effort on each business client and earn higher profits.

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Bovine and Goat Colostrum Market: Strategic Insights

bovine-and-goat-colostrum-market
Market Size Value inUS$ 1,418.90 Million in 2018
Market Size Value byUS$ 2,028.65 Million by 2027
Growth rateCAGR of 4.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Shejal

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Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the bovine and goat colostrum market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global bovine and goat colostrum market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies in developed and developing markets
  • Quantitative analysis of the global bovine and goat colostrum market from 2018 to 2027
  • Estimation of global bovine and goat colostrum demand generated by various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the bovine and goat colostrum ecosystem
  • Recent developments to understand the competitive market scenario and global bovine and goat colostrum demand
  • Market trends and outlook, coupled with factors driving and restraining the growth of the global bovine and goat colostrum market
  • Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the bovine and goat colostrum market growth globally
  • Global bovine and goat colostrum market size at various nodes of the market
  • Detailed overview and segmentation of the global bovine and goat colostrum market, as well as the bovine and goat colostrum industry dynamics
  • Global bovine and goat colostrum market size in various regions with promising growth opportunities

Bovine and Goat Colostrum Market – By Form

  • Liquid
  • Powder
  • Tablets and Capsules


Bovine and Goat Colostrum Market – By Nature

  • Conventional
  • Organic


Bovine and Goat Colostrum Market – By End-Use

  • Pharmaceuticals
  • Animal Nutrition
  • Dietary Supplements
  • Sports Nutrition
  • Functional Food
  • Cosmetics
  • Infant Formulae


Bovine and Goat Colostrum Market – By Distribution Channel

  • Hypermarket/Supermarket
  • Medical Stores/Pharmacies
  • Convenience Stores
  • Specialty Stores
  • Online Distribution
  • Direct/B2B


Company Profiles

  • Alphatech Sas
  • Biostrumnutritech 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
  • Biotaris B.V.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Form ; Nature ; End Use ; Distribution Channel ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global bovine and goat colostrum market?

The major players operating in the global bovine and goat colostrum market are 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; Biotaris B. V.; among many others.

Which region held the largest share of the global bovine and goat colostrum market?

In 2018, the Bovine and Goat Colostrum market was predominant in Asia Pacific at the global level and was also projected to grow at a faster pace over the forecast period. The growth of the bovine and goat colostrum market in this region is primarily due to large production of colostrum based products. The countries are also the largest exporters and consumers for colostrum based and other dairy products. In addition, rising demand for the colostrum, development in the field of the livestock sector are likely to increase the growth opportunities during the coming years.

Based on form, why powder segment held the largest share of the global bovine and goat colostrum market?

Powder segment is the leading segment in the forecast period. Colostrum powder is a versatile product and simple to use and is the most elegant solution that is used to achieve health objectives. It is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, digestive enzymes, and disease-fighting proteins with extended shelf life. The powder is used in various applications such as beverages & beverage bases milk & milk products, dairy product analogs, and nutrition bars & snacks. Owing to the factors such as rising popularity of these products for boosting muscle strength and strengthening immunity, especially among bodybuilders is anticipated to grow the market for colostrum powder in the coming years.

The List of Companies - Global Bovine and Goat Colostrum Market

  1. ALPHATECH SAS
  2. BIOSTRUMNUTRITECH PVT. LTD
  3. NOW HEALTH GROUP, INC
  4. SWANSON
  5. APS BIOGROUP
  6. COLOSTRUM BIOTEC GMBH
  7. MANNA PRO PRODUCTS LLC
  8. LAND O'LAKES ANIMAL MILK PRODUCTS CO
  9. FARM-O-SAN
  10. LA BELLE COLOSTRUM

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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