Europe Bovine and Goat Colostrum Market is expected to reach US$ 278.4 Mn by 2027

Direct/B2B Segment to Dominate Europe Bovine and Goat Colostrum Market during 2019-2027

According to The Insight Partners market research study on “Europe Bovine and Goat Colostrum Market Forecast to 2027 – COVID-19 Impact and Analysis – by Form (Liquid, Powder, and Tablets and Capsules), Nature (Conventional and Organic), End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplement, Sports Nutrition, Functional Food, Cosmetics, and Infant Formula), and Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Speciality Stores, and Online Distribution),” the market is expected to reach US$ 278.4 million by 2027 from US$ 200.1 million in 2018; it is estimated to grow at a CAGR of 3.7% during 2019–2027. The report provides trends prevailing in the Europe bovine and goat colostrum market, and the drivers and restraints pertaining to the market growth. Role of colostrum in animal husbandry is the major factor driving the growth of the market in Europe. However, stringent regulations on bovine colostrum for infant formula hinder its growth. Moreover, the COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. In Europe, Italy is the hardest-hit country by this outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders, to contain the infection.

Based on distribution channel, the Europe bovine and goat colostrum market is segmented into hypermarkets/supermarkets, medical stores/pharmacies, convenience stores, specialty stores, online, and direct/B2B. The direct/B2B segment dominated the market in 2018, whereas the medical stores/pharmacies segment is expected to register the highest CAGR in it during 2019–2027. In direct/B2B distribution channel, 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. Hypermarkets and supermarkets offer a broad range of products from different brands at one place, with discounted prices compared to other distribution channels. Specialty stores sell a particular product type, and these have a wide variety within a narrow line of products. Convenience stores are limited to a small area compared to hypermarkets and supermarkets, but they provide rapid service and work for long durations. The online distribution channel is also gaining popularity owing to the growing digitization. On the basis of end use the Europe bovine and goat colostrum market is segmented into pharmaceuticals, animal nutrition, dietary supplements, sports nutrition, functional food, cosmetics, and infant formula. The market for dietary supplements is expected to grow at the fastest CAGR over the forecast period.

Alphatech SAS; Now Health Group, Inc.; Swanson; APS Biogroup; Colostrum BioTec GmbH; FARM-O-SAN; LA BELLE COLOSTRUM; and Biotaris B. V. are among the leading companies in the Europe bovine and goat colostrum market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Pantheryx, Inc, a Colorado-based Medical Nutrition company, acquired APS BioGroup, based in Phoenix, Arizona. Further, to maximize the potential of bovine colostrum to benefit global health, Pantheryx has also acquired another large colostrum producer La Belle Associates, Inc (Bellingham, Washington).Such kind of strategies are helping the companies to expand globally.

Europe Bovine and Goat Colostrum Market, by Country, 2018 and 2027 (%)

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Europe Bovine and Goat Colostrum Market to Grow at a CAGR of 3.7% to reach US$ 278.4 Million from 2020 to 2027

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Europe Bovine and Goat Colostrum Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form (Liquid, Powder, and Tablets and Capsules), Nature (Conventional and Organic), End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplement, Sports Nutrition, Functional Food, Cosmetics, and Infant Formula), and Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Speciality Stores, and Online Distribution

The report segments the Europe Bovine and Goat Colostrum Market as follows:

By Form

• Liquid
• Powder
• Tablets and Capsules

By Nature

• Conventional
• Organic

By End Use

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

By Distribution Channel

• Hypermarkets/Supermarkets
• Medical Stores/Pharmacies
• Direct/B2B
• Convenience Stores
• Specialty Stores
• Online Distribution

By Country

• UK
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe