The global Bovine Colostrum Powder Marketexperienced substantial growth in 2020, and this upward trend is projected to continue with a steady revenue Compound Annual Growth Rate (CAGR) throughout the forecast period. This strong market performance can be attributed to several key factors that have contributed to the increasing demand for bovine colostrum across various industries.
One of the primary drivers for the steady market revenue growth is the escalating adoption of bovine colostrum in the production of Dietary Supplements, sports nutrition, and pharmaceuticals. As consumers become more health-conscious, they are seeking natural and nutritious supplements, and bovine colostrum fits the bill perfectly due to its rich source of bioactive components and immunity-boosting properties.
Moreover, the cosmetics industry has also recognized the potential of bovine colostrum, further driving the market growth. Bovine colostrum's skincare benefits, such as prevention from skin allergies and bacterial infections, have made it a sought-after ingredient in cosmetic products.
The increasing health awareness among consumers has played a pivotal role in propelling the demand for bovine colostrum. The awareness of its numerous nutritional benefits has led to its widespread use as a dietary supplement, especially for individuals seeking to enhance their overall health and well-being.
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Top Leading Players in Bovine Colostrum Market:
NOW Health Group, Inc., APS Biogroup, Sovereign Laboratories, Genceutic Naturals, Biostrum Nutritech Pvt. Ltd., Vivesa holding s.r.o., Cure Nutraceutical PVT. LTD., Biodane Pharma A/S, Agati Healthcare Pvt Ltd, PuraLife, LLC., Bionatin B. V., Farbest Brands, MIP Colostrum NZ, BIN Science LLC., and Jarrow Formulas Inc.
Increasing demand for and application of bovine colostrum in various products in the food & beverage industry is a major factor driving revenue growth of the global bovine colostrum market. Bovine colostrum is highly nutritious milk-based fluid that comes from the udder of cows for a few days following birthing, This milk is rich in antibodies, growth factors, and cytokines to protect newborn calves from infections. The milk is extremely popular among many health-conscious individuals due to various health benefits.
Bovine colostrum is an excellent source of proteins, fats, carbohydrates, and minerals. This milk boosts immunity, and help in boosting metabolism. Antibodies present in this non-toxic milk help to increase physical strength, stamina, and promotes burning of excessive body fat. In animals, bovine colostrum can be applied to heal wounds and cure skin allergies. Milk and milk-product manufacturers in developing countries are investing significantly in increasing production of bovine colostrum to meet rising demand from various industries globally.
Bovine Colostrum Market Segmentation:
Form Outlook (Revenue, USD Million; 2018 – 2028)
- Powder
- Liquid
- Capsules
- Tablets
- Others
Application Outlook (Revenue, USD Million; 2018 – 2028)
- Nutritional Supplements
- Pharmaceuticals
- Sports Nutrition
- Animal Nutrition
- Cosmetics
- Others
Distribution Channel Outlook (Revenue, USD Million; 2018 – 2028)
- Online Channels
- Hypermarket/Supermarket
- Convenience Stores
- Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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