Colostrum as a product is a liquid or a nutrient-rich form of milk that is produced by mammals after or during their pregnancy. The growth of the global colostrum market is mainly due to the various health benefits of this product. It is preferred for the preparation of infant formulas because it can be easily digested. Colostrum contains a large amount of antibodies, which helps increase immunity. Because of the presence of high levels of IgG, colostrum products help improve the immune system’s ability to fight disease. All these factors, among others, contribute to the growing popularity of the product.
In 2015, Global Colostrum market was estimated at USD 1.4 Billion and projected to reach at USD 1.7 Billion by 2021, registering a compound annual growth rate (CAGR) of 3.6%.
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Colostrum Market Growth Drivers and restraints:
The main driver in the global market is the growing awareness of health among the population. In addition, the increased demand for colostrum products, such as probiotic yogurts and infant formula, is another factor in the development of the colostrum market. Because colostrum contains a large number of protective white blood cells that help eliminate the viruses and bacteria that cause disease, people are increasingly interested in these products. These are some of the factors that contribute to the growth of this market. There are several untapped areas in developing and underdeveloped countries, due to lack of knowledge of the product and its benefits. This presents many opportunities for growth in these regions. The high cost for manufacturers to produce colostrum products of the highest quality is one of the limiting factors in this market.
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Prominent Players Covered in this Colostrum Market Report are:
The key market players of the world colostrum market include La Belle Inc., APS BioGroup, Ingredia Nutritional, Biostrum Nutritech Pvt. Ltd., The Saskatoon Colostrum Co. Ltd., NIG Nutritionals Limited, Biotaris B.V., Sterling Technology and Cuprem Inc., Canadian Protein, Symco Inc., and Good Health NZ Products Ltd., among several others.
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