Colostrum is a supplement that combines is derived from specialty colostrum powder, skim colostrum powder, and whole colostrum powder. The supplement improves the immune system of an individual and as a result the colostrum finds its demand in infant nutrition, nutritional food, functional supplement and related.
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“Colostrum Market: Global Demand Analysis & Opportunity Outlook 2021”
The global colostrum market is segmented into product type such as whole colostrum powder, skim colostrum powder and specialty colostrum powder. Among these segments, whole colostrum powder segment is expected to occupy top position in overall colostrum market during the forecast period.
Rising awareness about the healthcare benefits of whole colostrum such as boosting of immune system are anticipated to propel the growth of the whole colostrum powder market during the forecast period. Further, rising popularity of colostrum among athletes is expected to augment the growth of the colostrum market over the forecast period.
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Global colostrum market is expected to flourish at a significant CAGR of 3.5% during the forecast period. Moreover, the global colostrum market is expected to garner USD 1.6 Billion by the end of 2021.
Factors such as increasing health concerns, rising awareness about benefits of colostrum and growth in the demand for colostrum for babies are anticipated to drive the market of colostrum during the forecast period.
North America dominated the overall colostrum market in 2015. Furthermore, North America is expected to continue its dominance during the forecast period on the account of increasing healthcare concerns among the population.
Asia Pacific is anticipated to significantly contribute to the growth of the global colostrum market. Further, high birth rates in emerging nations and increasing purchasing power of consumers in the region are anticipated to positively impact the growth of the colostrum market.
Europe is also anticipated to showcase promising growth during the forecast period.
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Rising Healthcare Awareness
Rising healthcare concerns and increasing awareness about the benefits of the colostrum is anticipated to trigger the growth of the colostrum market. Apart from this, advances such as development of nutrient rich colostrum are envisioned to strengthen the global colostrum market during the forecast period.
Growing Infant Formula Market
Colostrum finds its potential applications in oral hygiene drugs, infant formula and cosmetics. Moreover, predicted robust growth in infant formula market is anticipated to accelerate the growth of the Colostrum Market.
Moreover, rising affluent class population and growth in the number of working women is driving infant formula which further is anticipated to positively impact the growth of the colostrum market. Although, high cost of colostrum is likely to dampen the growth of colostrum market during the forecast period .
The report titled “Colostrum Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global colostrum market in terms of market segmentation by product type, by form, by type and by distribution channel and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global colostrum market which includes company profiling of Now Foods, APS Bio Group, Sterling Technology, Zenith Nutrition, Symco Inc., The Renegade Pharmacist, Swanson Health Products, Canadian Protein, Lee Biosolutions and CVS Pharmacy. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the Global colostrum market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Category: Market Research Publishers and RetailersCompany about: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...