Bovine colostrum refers to the first batch of milk secreted from the mammary gland within 3 days of delivery in healthy cows. It has a yellow color, high viscosity, special bitterness and fishy taste, high acidity, poor heat resistance, and is prone to forming clumps when heated, so it cannot be consumed directly.
Bovine colostrum is rich in precious growth factors, immunoglobulins, bioactive peptide binding proteins, as well as a large number of immune substances such as milk calcium, lactoferrin, lysozyme, etc. It has a series of physiological activities such as enhancing immunity, promoting growth, improving the gastrointestinal tract, delaying aging, and inhibiting various pathogens, and is known as the "health food of the 21st century".
Overview of Market Development and Analysis of Market Development in Major Regions
Bovine colostrum is considered the best natural food supplement, and foreign scholars refer to it as "liquid gold". In recent years, with the increasing global health awareness, bovine colostrum has received widespread attention from consumers due to its unique nutritional value and health functions. According to our research data, the global bovine colostrum market revenue in 2023 was $226 million, and it is expected to increase to $310 million by 2026.
From a regional perspective, the global market for bovine colostrum consumption is mainly concentrated in North America, Europe, and the Asia Pacific region. Especially in the Asia Pacific region, due to traditional nourishing concepts and the increasing pressure of modern life, the market demand for bovine colostrum continues to grow. Data shows that in 2023, the sales volume of bovine colostrum in the Asia Pacific region was 1246.4 tons, with a market revenue of $78.93 million, accounting for 36.43% of the global market share, making it the largest revenue market for bovine colostrum worldwide.
Global Bovine Colostrum Market Revenue Forecast and Market Share by Region
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global bovine colostrum market is relatively low. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $49.47 million in the bovine colostrum market, with a total revenue share of 21.89%. The top three companies were PanTheryx, The Saskatoon Colostrum, and Ingredia Nutritional. In 2023, these three companies accounted for 9.45%, 7.21%, and 5.23% of the global bovine colostrum market revenue, respectively.
Bovine Colostrum Market Revenue and Share of Main Companies in 2023
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Companies
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Market Revenue (Million USD)
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Share
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PanThery
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21.36
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9.45%
|
|
The Saskatoon Colostrum
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16.29
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7.21%
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|
Ingredia Nutritional
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11.82
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5.23%
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Top3
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49.47
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21.89%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Bovine Colostrum Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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