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The colostrum market is expected to witness lucrative growth due to rising consumer concern towards health and fitness. Consumers are steady getting aware about the harmful effects of fertilizers and antibiotics, encouraging them to opt for nutrient-rich food alternatives.Organic colostrum is one such alternative that is produced in farms where cows are fed with grass that is organically grown without the usage of chemical such as fertilizers and pesticides. Cows at these farms are also abstained from being fed with antibiotic growth promoters.
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Stringent regulations in the U.S. & Europe regarding safety of farm animals have led to forbidding the use of antibiotic growth promoters. With this, it is estimated that the whole colostrum market may grow at a CAGR of over 3% owing to the natural state of the product and prolonged shelf life.
Whereas owing to its low-fat nature which makes them ideal for health-conscious consumers, the skim colostrum powder segment was valued at over USD 88.5 million in 2020. Some of the key players operating in the colostrum market include Ingredia Nutritional, Cure Nutraceutical Pvt. Ltd, Colostrum Biotec GmbH, Sterling Technology, The Farbest Brands, PanTheryx, and Saskatoon Colostrum Company.
Highlighting some of the trend emerging in colostrum market:
1) Escalating product significance since the COVID-19 pandemic
The COVID-19 pandemic has substantially influenced the colostrum market fueled by rising consumers consciousness to staying fit and boosting immunity. Driven by the impacts of the pandemic, estimates suggest that the colostrum market share may surpass USD 325 million by 2027.
The customers are seeking immunity-boosting products for staying strong and fit. Moreover, the need to avoiding diseases like upper respiratory tract infections, colitis, and diarrhea is anticipated to surge the demand for colostrum-based nutritional supplements. According to the Global Market Insights report, the colostrum market from the nutritional supplements application is likely to exceed USD 110 million by 2027.
2) Surging requirement for animal feed
Rise in animal product consumption such as milk and meat mainly in India, China, and Brazil could result in significant growth in demand for high-quality animal feed. Improving economic conditions and increasing disposables incomes may drive the requirement for superior quality animal products. A shift from unorganized livestock farming to an organized sector and growing livestock population is also expected to support the growth of colostrum market.
3) Rising demand for colostrum in Europe
Rise in cases of obesity, increasing health awareness, and adoption of sedentary lifestyles in Europe might augment the colostrum market growth. Colostrum is an ingredient that can be ideally used for skincare products owing to its quality of healing sun damage scars, hydration, skin healing, fine lines, skin irritations, and acne breakouts. These benefits have led to the product’s use in cosmetics products. Reports indicate that the colostrum market of Europe had surpassed USD 71.5 million in 2020 and could register substantial growth in the forthcoming years.
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