North America Bovine and Goat Colostrum Market Share and Forecast by 2027

The North America bovine and goat colostrum market was valued at US$ 529.25 million in 2018 and is projected to reach US$ 761.76 million by 2027; it is expected to grow at a CAGR of 4.3% during the forecast period.

Colostrum is a whitish fluid that is released by mammals, which have recently given birth before breast milk development begins. It caters to the nutrition requirements of the newborn baby. It primarily consists of antibodies protecting newborn babies against disease. Colostrum milk contains essential bioactive compounds and is one of the natural sources of growth and healing. The medical importance of colostrum has been gaining high traction across the world for the treatment of various health diseases, such as chronic fatigue syndrome, cancer, and blood infections. Bovine colostrum is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, and digestive enzymes, which stimulates tissue growth and immune maturation functions and the digestive system. Bovine colostrum is an enriched nutraceutical that helps prevent infectious diseases in children and adults. The demand for the colostrum market can be seen in the estimated forecast owing to its plethora of health benefits. Also, the demand for organically produced colostrum from countries such as the U.S. and Canada is providing impetus to the growth in the North America colostrum market.

The U.S. contributed to the largest share in the North America bovine and goat colostrum market in 2018. The production and consumption of bovine and goat colostrum in the U.S. are increasing owing to the growing demand for naturally-derived products along with the rising disposable income of consumers. In the United States, the colostrum market is expected to have various growth opportunities due to the rising demand for colostrum among the people. The benefits of colostrum have raised its demand among people who are health conscious and people living with a weak immune system. Also, market growth is expected due to rising awareness about the benefits offered by colostrum and increasing regulations for the dairy industry for using colostrum as an ingredient. In addition, across the country, there are high standards for animal welfare that are also expected to support the growth of the colostrum market during the forecast period.

Covid-19 first began in Wuhan (China) during December 2019, and since then, it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the U.S. are among the most affected countries in terms of confirmed cases and reported deaths as of June 2020. Covid-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. The lockdown of various plants and factories in leading regions, including North America, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global bovine and goat colostrum market.

North America Bovine and Goat Colostrum Market

Market Insights

Role of colostrum in animal husbandry

Colostrum is the first milk that is obtained after the parturition, which provides a complete diet for the neonate. Colostrum contains a large amount of Gama globulins, antibodies that are produced by dairy animals against the antigens to encounter many disease-producing organisms. Also, colostrum has a higher amount of vitamin A and minerals that are vital to battle diseases. Ingestion of these elements through colostrum considerably increases survivability and provide an umbrella of passive immunity to calves. On the other side, goat’s colostrum show qualitatively similar nucleotide patterns that are similar to human and cow’s colostrum. The colostrum contains high concentrations of immunoglobulins (Ig) antibodies such as IgM, IgG, and IgA, which function to identify and destroy the disease-causing pathogens in livestock. IgG functions to identify and devour pathogens that are found within the bloodstream as well as other parts of the body.

Form Market Insights

The North America bovine and goat colostrum market is segmented based on form as liquid, powder, and tablets & capsules. The powder segment dominated the North American bovine and goat colostrum market, whereas the tablets and capsules segment is expected to grow at the fastest growth rate during the forecast period of 2019-2027. Growth of the powder segment is mainly attributed to surging demand from wide range end-users such as pharmaceutical, animal nutrition, dietary supplements, sports nutrition, functional food, cosmetics, and infant formula. Factors such as the rising popularity of these products for boosting muscle strength and strengthening immunity, especially among bodybuilders, are anticipated to grow the market for bovine and goat colostrum powder in the coming years.

North America bovine and goat colostrum Market, by Form – 2018 and 2027

Nature Market Insights

Based on nature, North America bovine and goat colostrum market is segmented into conventional and organic. The market was dominated by the conventional segment, whereas the organic segment is anticipated to grow with the highest CAGR. The demand for organic colostrum has surged over the past few years due to the rising demand for natural and chemical-free products from pharmaceuticals, dietary supplements, sports nutrition, and functional food producers. Moreover, increasing awareness among the consumers pertaining to the health and nutritional benefits offered by organic colostrum products had boosted the sales of organic colostrum products. The rising trend for natural and organic food among the consumers, along with higher purchasing power, are other factors leading to the rapid growth of the organic colostrum in the North American region.

End Use Market Insights

On the basis of end use, North America bovine and goat colostrum market is divided into pharmaceuticals, animal nutrition, dietary supplement, sports nutrition, functional food, cosmetics, and infant formula. The functional food segment dominated the bovine and goat colostrum market, whereas the dietary supplements segment is expected to grow at the fastest growth rate during the forecast period of 2019-2027. Bovine and goat colostrum supplements are increasingly used for the treatment of ailments and common diseases. Hence, companies operating in the bovine and goat colostrum market are increasing their production capacities to produce colostrum dietary supplements products. Major colostrum manufacturers in the market are focusing on research and development to introduce colostrum supplements in various end user industries such as pharmaceuticals, animal nutrition, dietary supplement, sports nutrition, functional food, cosmetics, and infant formula. Apart from dietary supplements, companies in the bovine and goat colostrum market are tapping opportunities in infant formula. Healthcare providers are suggesting bovine and goat colostrum supplementation in order to increase enteral protein intake among infants. Therefore, surging demand for bovine and goat colostrum for use in a wide range of end user industries is projected to bolster the market growth over the forecast period.

Distribution Channel Market Insights

Based on the distribution channel, the bovine and goat colostrum market is bifurcated into hypermarket/supermarket, medical stores/pharmacies, convenience stores, specialty stores, online, and direct/B2B. The direct/B2B segment dominated the North America bovine and goat colostrum market, whereas the medical stores/pharmacies segment is expected to grow at the fastest growth rate during the forecast period of 2019-2027. In direct/B2B distribution channels, the bovine and goat colostrum products are directly sold to various companies producing pharmaceutical and animal nutrition products, dietary supplements, sports nutrition, functional food, cosmetics, and infant formula. These industries use bovine and goat colostrum products as a key functional ingredient in their products. These industries buy bovine and goat and colostrum in a bulk quantity from the producers. B2B sales have the potential to make more money and profit as compared to B2C sales.

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North America Bovine and Goat Colostrum Market: Strategic Insights

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A few of the key players in the North America bovine and goat colostrum market A few of the key players in the North America bovine and goat colostrum market are Alphatech, NOW Foods, Swanson, APS BioGroup, Colostrum BioTec GmbH, Manna Pro Products LLC, LAND O’LAKES, INC., Farm-O-San, La Belle,Inc., and Biotaris B.V. These players are focused on increasing their production capacities, and expanding their global reach and consumer base.

North America Bovine and Goat Colostrum Market – by Form

• Liquid
• Powder
• Tablets & Capsules

North America Bovine and Goat Colostrum Market – by Nature

• Conventional
• Organic

North America Bovine and Goat Colostrum Market – by End Use

• Pharmaceuticals
• Animal Nutrition
• Dietary Supplement
• Sports Nutrition
• Functional Food
• Cosmetics
• Infant Formula

North America Bovine and Goat Colostrum Market – by Distribution Channel

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

Company Profiles

• Alphatech
• NOW Foods
• Swanson
• APS BioGroup
• Colostrum BioTec GmbH
• Manna Pro Products LLC
• LAND O’LAKES, INC.
• Farm-O-San
• La Belle,Inc.
• Biotaris B.V.

Report Scope

North America Bovine and Goat Colostrum Market Regional Insights

The regional trends and factors influencing the North America Bovine and Goat Colostrum Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America Bovine and Goat Colostrum Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

North America Bovine and Goat Colostrum Market Report Scope

North America Bovine and Goat Colostrum Market Players Density: Understanding Its Impact on Business Dynamics

The North America Bovine and Goat Colostrum Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the North America Bovine and Goat Colostrum Market are:

1. Alphatech
2. NOW Foods
3. Swanson
4. APS BioGroup
5. Colostrum BioTec GmbH

Disclaimer: The companies listed above are not ranked in any particular order.