North America Bovine and Goat Colostrum Market is expected to reach US$ 761.76 Mn by 2027

Growing Demand for Colostrum in Animal Husbandry to Drive North America Bovine and goat colostrum Market at 4.3% CAGR during 2019–2027[SL1] [D2] 

According to our latest market study on “North America Bovine and Goat Colostrum Market Forecast to 2027 –COVID-19 Impact and Analysis - by Form (Liquid, Powder, and Tablets & Capsules); Nature (Organic and Conventional), End-Use (Pharmaceuticals, Animal Nutrition, Dietary Supplement, Sports Nutrition, Functional Food, Cosmetics, and Infant Formula), and Distribution Channel (Hypermarket/Supermarket, Medical Stores/Pharmacies, Direct/B2B, Convenience Store, Specialty Stores, and Online Distribution),” the market was valued at US$ 529.25 million in 2018 and is projected to reach US$ 761.76  million by 2027[SL3] [D4] ; it is expected to grow at a CAGR of 4.3% from 2019 to 2027. The report highlights key factors driving the market and the prominent players along with their developments in the market.

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 demand for colostrum in animal husbandry is majorly driving the growth of the market. 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.

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.

The COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across all major regions of the world, at a fast pace. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns called by governments of the respective countries. 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.

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.

North America Bovine and Goat colostrum Market, Revenue and Forecast to 2027

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North America Bovine and Goat Colostrum Market Scope by 2027

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

The report segments the North America bovine and goat colostrum market as follows:

• Liquid
• Powder
• Tablets & Capsules

• Conventional
• Organic

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

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

• US
• Canada
• Mexico