- Bovine colostrum market is foreseen to expand at about 6.4% CAGR during 2019–2027. Increased demand for medical nutritional food will work as driver for the market growth.
- North America is likely to experience lucrative avenues due to increased use of bovine colostrum-based infant formula across developed nations in the region.
ALBANY, N.Y., July 12, 2021 /PRNewswire/ -- Companies operating in the global bovine colostrum market are increasing focus on launch of innovative products that are antibiotics-free, GMO-free, and hormones-free. Thus, they are seen strengthening their research and development activities. These efforts for innovation are likely to help in expansion of market during assessment period of 2019 to 2027.
According to analysts from Transparency Market Research, the global bovine colostrum market will gain revenues of ~US$ 4.3 Bn by the end of assessment period 2019–2027. Total valuation of the market was ~US$ 2.6 Bn in 2019.
Diverse Benefits of Bovine Colostrum-Based Products Create Exceptional Demand Avenues in Market
Bovine colostrum refers to milk produced by cows during initial few days after birthing. The product is gaining traction across the healthcare and other many sectors owing to many benefits it offers. Bovine colostrum is rich source of varied growth factors, antibodies, and cytokines. Owing to all these benefits, bovine colostrums is extensively incorporated in different health products such as infant formula, dietary supplements, functional food, animal nutrition, sports nutrition, pharmaceuticals, and cosmetics. This factor is foreseen to create momentous growth opportunities in the global bovine colostrum market in the upcoming few years.
Market to Gain Promising Demand Avenues from Sport Nutrition Products Manufacturers
Bovine colostrum holds an ability to prevent the intestinal and upper respiratory injuries. Apart from this, the colostrum-based products are observed to be helping in strengthening the immunity of athletes while performing intense physical workouts. In addition to this, it also helps in reducing stress levels. Owing to all these benefits of bovine colostrum, various sport nutrition product manufacturers are growing incorporation of this ingredient in their products. This scenario is likely to create sizeable sales opportunities for vendors operating in the global bovine colostrum market.
The demand for colostrum-based functional foods is growing at decent pace in the recent few years. One of the key factors boosting this demand is the ability of these products to promote growth of helpful bacteria in humans. Apart from this, they are rich in carbohydrates, proteins, immunoglobulin, and lipids. Increased awareness pertaining to the health advantages of colostrum spreading is resulting into its growing application in various functional foods and beverages. Thus, increased demand for colostrum-based functional foods is foreseen to work in favor of the market growth in the upcoming years.
Colostrum is utilized in the production of animal nutraceutical products as it helps in protecting animals from various health issues occurred due to viruses, parasites, and bacteria from the environment. Thus, increased demand for colostrum-based animal nutraceutical products will help in bringing stupendous sales opportunities in the bovine colostrum market.
Populace from various developed and developing countries are growing preference toward the use of organic colostrum powders over conventional powders. Key reason behind this latest trend is presence of various nutritional ingredients in organic colostrum powders. On the other hand, conventional powders include lactose monohydrate, which can cause problems to consumers with lactose intolerance. Thus, the market is estimated to experience demand for organic colostrum products in the forthcoming years.
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Bovine Rennet Market - Enzyme complex produced in the stomach of bovine is known as bovine rennet. Rennet separates milk into solid curds and is used in liquid whey and for making cheese. Rennet contains enzymes including chymosin, lipase, and pepsin. Vegetarian rennet is a major substitute for bovine rennet and is derived from sources such as wild thistles, safflower, fig leaves, melons, and microorganisms. The North America bovine rennet market accounts for relatively high revenue share, followed by Western Europe bovine rennet market. Whereas, APEJ account for relatively high volume share in global bovine rennet market with significant growth rate.
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