Bovine and Goat Colostrum RD
North America Bovine and Goat Colostrum Market Forecast to 2027 –COVID-19 Impact and Analysis - by Form (Liquid, Powder, and Tablets & Capsules); Nature (Organic and Conventional), End-Use (Pharmaceuticals, Animal Nutrition, Dietary Supplement, Sports Nutrition, Functional Food, Cosmetics, and Infant Formula), and Distribution Channel (Hypermarket/Supermarket, Medical Stores/Pharmacies, Direct/B2B, Convenience Store, Specialty Stores, and Online Distribution)
Pages: 157
Market Introduction
Colostrum is a whitish fluid that is released by mammals, which have recently given birth before breast milk development begins. It caters to the nutrition requirements of the newborn baby. It primarily consists of antibodies protecting newborn babies against disease. Colostrum milk contains essential bioactive compounds and is one of the natural sources of growth and healing. The medical importance of colostrum has been gaining high traction across the world for the treatment of various health diseases, such as chronic fatigue syndrome, cancer, and blood infections. Bovine colostrum is a rich source of vitamins, carbohydrates, minerals, fats, growth hormones, and digestive enzymes, which stimulates tissue growth and immune maturation functions and the digestive system. Bovine colostrum is an enriched nutraceutical that helps prevent infectious diseases in children and adults. The demand for the colostrum market can be seen in the estimated forecast owing to its plethora of health benefits. Also, the demand for organically produced colostrum from countries such as the U.S. and Canada is providing impetus to the growth in the North America colostrum market.
Market Overview and Dynamics
The North America bovine and goat colostrum market is accounted to US$ 529.25 Million in 2018 and is expected to grow at a CAGR of 4.3% during the forecast period 2019 – 2027, to account to US$ 761.76 Million by 2027. The production and consumption of bovine and goat colostrum in the region are increasing owing to the growing demand for naturally-derived products along with the rising disposable income of consumers.
Effect of COVID-19 on North America Bovine and goat colostrum Market
The COVID-19 outbreak initiated in Wuhan (China) in December 2019, but later it reached almost all major parts of the world. The outbreak, which later turned into a pandemic, has adversely affected the food & beverages industry due to the lockdowns imposed by various countries to contain the spread of infection, which ultimately resulted in supply chain breaks, disruptions in manufacturing and office shutdowns. The disruption of operations at plants and factories is also affecting manufacturing, delivery schedules, and goods sales in North America. The US has recorded the highest number of confirmed cases of COVID-19 among all the countries in this region.
Key Market Segments
Colostrum is the first milk that is obtained after the parturition, which provides a complete diet for the neonate. Based on form, the bovine and goat colostrum market is segmented into liquid, powder, and tablets & capsules. The tablets and capsules segment is expected to register the highest CAGR in the market during 2019–2027. Based on nature, the market in North America is segmented into conventional and organic. The conventional segment led the market in 2018 with the largest share, whereas the organic segment is anticipated to grow with the highest CAGR.
Major Sources and Companies Listed
A few of the key players in the North America bovine and goat colostrum market are Alphatech, NOW Foods, Swanson, APS BioGroup, Colostrum BioTec GmbH, Manna Pro Products LLC, LAND O’LAKES, INC., Farm-O-San, La Belle,Inc., and Biotaris B.V.
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NORTH AMERICA BOVINE AND GOAT COLOSTRUM MARKET SEGMENTATION
North America Bovine and Goat Colostrum Market – by Form
North America Bovine and Goat Colostrum Market – by Nature
North America Bovine and Goat Colostrum Market – by End Use
North America Bovine and Goat Colostrum Market – by Distribution Channel
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 529.25 Million |
| Market Size by 2027 | US$ 761.76 Million |
| CAGR (2019 - 2027) | 4.3% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The List of Companies - North America Bovine and Goat Colostrum Market
The North America Bovine and Goat Colostrum Market is valued at US$ 529.25 Million in 2018, it is projected to reach US$ 761.76 Million by 2027.
As per our report North America Bovine and Goat Colostrum Market, the market size is valued at US$ 529.25 Million in 2018, projecting it to reach US$ 761.76 Million by 2027. This translates to a CAGR of approximately 4.3% during the forecast period.
The North America Bovine and Goat Colostrum Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Bovine and Goat Colostrum Market report:
The North America Bovine and Goat Colostrum Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Bovine and Goat Colostrum Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Bovine and Goat Colostrum Market value chain can benefit from the information contained in a comprehensive market report.
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