Colostrum Market Size to Surpass USD 2.40 Billion by 2031,
From GlobeNewswire: 2024-11-18 09:23:00
The Global Colostrum Market is experiencing significant growth due to increased demand from the nutraceutical industry and growing awareness of its health benefits. The market is projected to reach $2.40 billion by 2031 with a CAGR of 6.3%. Colostrum is rich in nutrients, antibodies, proteins, vitamins, and minerals, making it popular for immune support and overall health.
The report from The Insight Partners delves into market trends, key players, and future opportunities in the colostrum market. The rising health consciousness globally is driving the demand for nutrient-enriched products like colostrum. Various stakeholders can benefit from the insights provided in the report to navigate the evolving market landscape successfully.
Colostrum is increasingly used in dietary supplements and health products due to its benefits for gut health, immune support, and overall well-being. The market is segmented by form, category, and application, with pharmaceuticals and dietary supplements accounting for the largest share. With consumers seeking natural immune support, the demand for colostrum-based products is expected to rise.
The nutraceutical industry is witnessing a surge in demand for colostrum due to its ability to enhance gut health, immunity, and combat infections. Manufacturers are incorporating colostrum into various supplements like capsules, tablets, powders, and liquid formulations to cater to consumer preferences. The popularity of colostrum-based supplements is driving product launches in the market.
Colostrum is also making its way into cosmetics and personal care products, offering benefits like skin protection, cell growth, and regeneration. With the introduction of advanced skincare products infused with colostrum, manufacturers are meeting the rising demand for natural and effective ingredients in the cosmetics industry. The application of colostrum in cosmetics is expected to drive market growth.
Europe led the colostrum market in 2023, followed by Asia Pacific and North America. Asia Pacific is forecasted to register the highest CAGR during the projection period. The geographical distribution of the market highlights the global demand for colostrum-based products and the opportunities for growth in different regions.
Read more at GlobeNewswire: Colostrum Market Size to Surpass USD 2.40 Billion by 2031,