Global colostrum market is increasing drastically due the various health benefits associated with the consumption of colostrum. Colostrum is the type of supplement that enhances the immune system of an individual. The varied applications of colostrum include food supplement, drugs, oral hygiene, gastro-intestinal functions and cosmetics. Demand for colostrum is increasing significantly due to the presence of various type of nutrients in the colostrum. Various nutrients in the colostrum includes lactoferrins, immunoglobulins and other anti-ageing nutrient such as dopamine, amino acids and serotonin.
Global Colostrum Market Segmentation
Global colostrum market can be segmented on the basis of application, distribution channel, form and region. Based on application the segmentation includes animal feed and human functional food. Of which, human functional food is expected to witness fastest growth, followed by the animal feed segment. This drastic growth in human functional food segmented is attributed to the increasing awareness among consumers related to health benefits associated with colostrum consumption. On the basis of distribution channel global colostrum market is segmented into retailers, supermarkets, department stores, specialty store. Among all the distribution channels for global colostrum market, specialty store is the fastest growing segment, followed by the department stores. This fast growth of distribution channel especially specialty store is attributed to the presence of varied type and also quality colostrum in these stores. Global colostrum market is segmented on the basis of region as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. Global Colostrum market is expected to witness robust growth in Europe, followed by Asia Pacific excluding Japan. Growth in European countries is attributed to increasing usage of colostrum in nutritional products by companies leading to product launches in this region.
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Global Colostrum Market: Region-wise Outlook
Global Colostrum Market is expected to increase due the rising health awareness among consumers. Also, rising number of upper middle class and health conscious consumers specially in developing economies is expected to bolster the market growth. In Asia Pacific, China and New Zealand are the most dominating countries. However other regions such as North America is expected to exhibit consistent growth due to the comparatively less preference of consumers in these regions owing to availability of natural remedies.
Global Colostrum Market: Drivers
Global Colostrum market is expected to witness robust growth across the globe. This rising demand for Global colostrum by consumers is due to the health benefits associated with the consumption of colostrum. However, less awareness among consumers in few Asian countries regarding the health benefits associated with the consumption of colostrum is expected to restrict the growth of global colostrum market. In addition, rising prices of high quality colostrum is restricting the usage of colostrum in various products and thus, expected to limit the market growth.
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Global Colostrum Market: Key Players
Major Players operating in colostrum market include NESTLE SA, Novartis AG, NOW Foods, PS BioGroup, Sterling Technology and others. Companies operating in the colostrum market are mainly adopting strategy to continuously launch varied types of colostrum in order to cater to varied consumer needs.
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Mr. Sudip Saha