A report on the Global Colostrum Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Colostrum market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Growing health awareness among the general population has increased the consumption of nutritional supplements. Ingredients such as colostrum improve gut health, enhances immunity, and help fight infections. The rising consumption of nutraceuticals to cure chronic disorders will thus bolster the use of colostrum over the forthcoming years.
It is anticipated that the prohibition of bovine colostrum in infant food may inhibit the growth of the colostrum industry. For instance, the Ministry of Health in China banned the usage of bovine colostrum or derived dairy products for manufacturing infant formula in the nation. The growing concerns around animal cruelty have also fostered the adoption of vegan products which may restrict the demand for colostrum.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Ingenico, Verifone, Zebra Technologies (Motorola Enterprise Solutions), Oracle (MICROS Systems), First Data Corporation, Square, Adyen. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America generated a revenue of more than USD 500 million for the year, 2018. The region is expected to lead the market in near future owing to the extensive presence of health-conscious consumers in the key markets such as the U.S. and Canada. Strong brand campaigns to promote proper lifestyle and balanced nutritional intake, especially through social online platforms and electronic media is anticipated to bode well for the regional growth.
Asia Pacific is expected to witness a CAGR of 5.3% from 2019 to 2025. Rising disposable income along with the improvement of living standards among middle-class income groups of China and India in light of favorable policies by the domestic governments to create new investment and job opportunities are expected to drive growth. Furthermore, the high concentration of cattle farming facilities in China, India, and New Zealand is projected to encourage the industry participants to form partnerships to access raw materials for the production of colostrum.
Colostrum Market Segmentation:
By Type:
- Whole colostrum powder
- Skim colostrum powder
- Specialty colostrum powder
- Other
By Applications:
- Functional foods and nutritional supplements
- Medical nutrition
- Animal feed
- Infant food
- Cosmetics
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Colostrum Market?
- Who are the top performing companies in Colostrum Market?
- Which region dominated the worldwide market for Colostrum in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/global-billing-and-revenue-management-software-market-is-expected-to-grow-at-a-cagr-of-9-7-during-forecast-period
- https://www.openpr.com/news/2864337/self-balancing-electric-vehicles-market-share-size
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