Europe Bovine and Goat Colostrum Market Forecast to 2027 – COVID-19 Impact and Analysis – by Form (Liquid, Powder, and Tablets and Capsules), Nature (Conventional and Organic), End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplement, Sports Nutrition, Functional Food, Cosmetics, and Infant Formula), and Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Speciality Stores, and Online Distribution)
Number of Pages: 115
Market Introduction
Colostrum caters to the nutrition requirements of the newborns. It primarily consists of antibodies that confer protection to the newborns against various diseases. The medical importance of colostrum has been gaining high traction in the world for the treatment of various health diseases, such as chronic fatigue syndrome, cancer, and blood infections. Increased demand for colostrum-enriched nutraceuticals boosts the market growth. Bovine colostrum is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, and digestive enzymes, which stimulates tissue growth, and digestive system and immune maturation functions. The escalating demand for organic colostrum is providing growth impetus to the bovine and goat colostrum market. However, potential alternatives such as protein powder, avocado powder, and almond powder are more cost-effective and readily available, which is posing significant challenge for the growth of this market. In Europe, Italy is the hardest-hit country by this outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders, to contain the infection.
Market Overview and Dynamics
The bovine and goat colostrum market in Europe is expected to reach US$ 278.4 million by 2027 from US$ 200.1 million in 2018; it is estimated to grow at a CAGR of 3.7% from 2019 to 2027. The increasing inclination of consumers toward foodstuffs that that improve health, mainly due to the increasing purchasing power, has led to the introduction of new functional dairy products to the global market. These milk and dairy products comprise functional ingredients that can significantly reduce blood pressure, help decrease cholesterol absorption, exert antimicrobial effects, and play a vital role in food intake regulation, satiety, and obesity-related metabolic disorders.
Key Market Segments
The tablets and capsules segment accounted for the largest share of the Europe bovine and goat colostrum market, based on form, in 2018. The market, based on nature, was dominated by the conventional segment in 2018. By end use, the dietary supplements segment accounted for the greatest share of the Europe bovine and goat colostrum market in 2018. Further, the direct/B2B segment held the largest share of the market, based on the distribution channel, in 2018.
Based on distribution channel, the Europe bovine and goat colostrum market is segmented into hypermarkets/supermarkets, medical stores/pharmacies, convenience stores, specialty stores, online, and direct/B2B. The direct/B2B segment dominated the market in 2018, whereas the medical stores/pharmacies segment is expected to register the highest CAGR in it during 2019–2027. In direct/B2B distribution channel, the bovine and goat colostrum products are directly sold to various companies producing pharmaceutical and animal nutrition products, dietary supplements, sports nutrition, functional food, cosmetics, and infant formula. Hypermarkets and supermarkets offer a broad range of products from different brands at one place, with discounted prices compared to other distribution channels. Specialty stores sell a particular product type, and these have a wide variety within a narrow line of products. Convenience stores are limited to a small area compared to hypermarkets and supermarkets, but they provide rapid service and work for long durations. The online distribution channel is also gaining popularity owing to the growing digitization.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the bovine and goat colostrum market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alphatech SAS; Now Health Group, Inc.; Swanson; APS Biogroup; Colostrum BioTec GmbH; FARM-O-SAN; LA BELLE COLOSTRUM and Biotaris B. V, among others.
Reasons to Buy Report
EUROPE BOVINE AND GOAT COLOSTRUM MARKET SEGMENTATION
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 200.1 Million |
| Market Size by 2027 | US$ 278.4 Million |
| CAGR (2019 - 2027) | 3.7% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Bovine and Goat Colostrum Market is valued at US$ 200.1 Million in 2018, it is projected to reach US$ 278.4 Million by 2027.
As per our report Europe Bovine and Goat Colostrum Market, the market size is valued at US$ 200.1 Million in 2018, projecting it to reach US$ 278.4 Million by 2027. This translates to a CAGR of approximately 3.7% during the forecast period.
The Europe Bovine and Goat Colostrum Market report typically cover these key segments-
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The Europe Bovine and Goat Colostrum Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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