At 5.4% CAGR, North America Colostrum Market is Projected to be Worth US$ 741.34 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America colostrum market was valued at US$ 486.86 million in 2023 and is expected to reach US$ 741.34 million by 2031, registering a CAGR of 5.4% from 2023 to 2031. Increasing demand for colostrum from nutraceutical industry and rising awareness about health benefits of colostrum are among the critical factors attributed to drive the North America colostrum market growth.

The growing health awareness among the general population has surged the consumption of various nutraceuticals such as functional food & beverages, dietary supplements, and sports nutrition products. Hence, nutraceutical manufacturers prefer the ingredients and nutrients that are beneficial for human health and can enhance the overall well-being of consumers. Ingredients such as colostrum improve gut health, enhance immunity, and help fight infections. Colostrum is widely incorporated in dietary supplements, such as capsules, tablets, powders, and liquid formulations, catering to various consumer preferences. Chewable tablets offer a pleasant and convenient way to consume colostrum, enhancing the overall palatability of the supplement. For instance, Kirkman Labs offers colostrum chewable tablets that contain pure colostrum sourced from bovine colostrum. These tablets provide immune support and digestive health benefits in a convenient and tasty format, meeting the demand for high-quality colostrum supplements. Owing to the growing demand for colostrum-based supplements, dietary supplement manufacturers are launching products with colostrum. For instance, in November 2022, PanTheryx, an integrative digestive and immune health company, introduced its new Life's First Naturals PRO bovine colostrum supplements, which are available exclusively through healthcare practitioner offices. Athletes, sports enthusiasts, and gym-going consumers demand products that help muscle recovery and stamina. Therefore, colostrum is receiving a greater pull in the sports and fitness industry. Additionally, colostrum is widely used in sports nutrition as it comprises growth factors and natural growth hormones, which are believed to aid in muscle building, reduce recovery time, and improve bone health. Thus, the increasing demand for colostrum across the nutraceutical industry is driving the colostrum market growth.

On the contrary, the increasing veganism trend worldwide hampers the growth of North America colostrum market.

Based on form, the North America colostrum market is bifurcated into dry and liquid. The dry segment held 90.0% market share in 2023, amassing US$ 438.25 million. It is projected to garner US$ 669.09 million by 2031 to register 5.4% CAGR during 2023-2031.

In terms of category, the North America colostrum market is bifurcated into conventional and organic. The conventional segment held 77.7% share of North America colostrum market in 2023, amassing US$ 378.45 million. It is anticipated to garner US$ 570.92 million by 2031 to expand at 5.3% CAGR during 2023-2031.

By application, the North America colostrum market is segmented into pharmaceuticals and dietary supplements, food and beverages, animal nutrition, and personal care. The pharmaceuticals and dietary supplements segment held 53.4% share of North America colostrum market in 2023, amassing US$ 260.08 million. It is anticipated to garner US$ 402.44 million by 2031 to expand at 5.6% CAGR during 2023-2031.

By country, the North America colostrum market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.6% share of North America colostrum market in 2023. It was assessed at US$ 382.47 million in 2023 and is likely to hit US$ 579.31 million by 2031, registering a CAGR of 5.3% during 2023-2031.

Key players operating in the North America colostrum market are Titan Biotech Ltd, Pantheryx, Biodane Pharma A/S, Bionatin, Colostrum BioTec GmbH, Biostrum, Cure Nutraceutical PVT. LTD., INGREDIA s.r.o., I. Livanou IKE, and KERSIA GROUP, among others.

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