asia pacific colostrum Market

The Asia Pacific colostrum market is expected to reach US$ 804.69 Mn in 2027 from US$ 572.16 Mn in 2019. The market is estimated to grow with a CAGR of 4.4% in forecast period.

The growth of the colostrum market is primarily attributed to the growth of the colostrum market in these countries are the large production of colostrum based products. The countries are also the largest exporters and consumers for colostrum based and other dairy products. In addition, in the other countries of Asia Pacific the rising demand for the colostrum, development in the field of the livestock sector, development for the colostrum and raising awareness about the benefits of colostrum are estimated to grow the colostrum market during the forecast period.

The colostrum market in China is expected to grow significantly, owing to the largest consumption of colostrum and colostrum based products. In the country, the epidemic of severe acute respiratory syndrome (SARS) has resulted in the highest demand for colostrum. Also, the consumption of milk and milk products has increased across the country. It is also increased the production of milk production in the past few years.

In addition, the consumption of milk has increased by nearly 25% due to increasing prosperity. And the rising consumption of milk has also resulted in the expansion of milk production. The country is the fourth largest milk producer after the EU, New Zealand, and the US. It is also projected that the production of milk and its products is likely to continue during the forecast period. Therefore, owing to the rising demand and production of milk is estimated to drive the growth for colostrum and colostrum based products in the coming years.

Moreover, the companies are performing various activities for the Colostrum market, for instance, Saskatoon Colostrum Company Ltd., Biochem Zusatzstoffe Handels- and Produktionsgesellschaft GmbH, Dairy Tech Inc., ImmuCell Corporation, Fonterra Co-Operative Group has done recent developments for products. Some of the recent developments are mentioned below.

Table 1. Recent Developments For Dental X-Ray in the Market

In 2019, the whole colostrum powder segment held the most significant market share of the colostrum market, by type. This segment is also anticipated to dominate the market in 2027 owing to its versatility and applications in a wide range of food products. The skimmed colostrum segment is anticipated to witness growth at a significant rate during the forecast period.

The India colostrum market is dominated by whole colostrum powder segment in 2019 with a considerable market share, by product. This segment is also predicted to dominate the market in 2027. Also, skimmed colostrum segment is anticipated to witness growth at a significant rate during the forecast period, owing to its high demand from food industry.

In 2019, the nutritional supplementation segment held a considerable market share of the colostrum market, by the application. This segment is also predicted to dominate the market in 2027 owing to availability of more dietary nutrition products, rising health concerns along with changing lifestyles and rise in disposable income along with growing consumer awareness. However, the animal feed segment is anticipated to witness growth at a significant rate during the forecast period.

Some of the major primary and secondary sources for colostrum included in the report are United Nations Food and Agriculture Organization, China Food and Drug Administration and others.