Segmentation, by Application
On the basis of application, the global colostrum market is segmented into functional food and nutritional supplements, medical nutrition food, animal feed, infant food and cosmetics (personal care products). In terms of value, infant food segment was the largest segment in the market and it is expected to retain its dominance over the forecast period. Animal feed segment is anticipated to expand at the highest CAGR in terms of value over the forecast period.
Segmentation, by Form
On the basis of form, the global colostrum market is segmented into organic form and conventional form. In terms of value, conventional form segment was the largest segment in the market and is projected to remain dominant throughout the forecast period. Organic form segment is projected to expand at the highest CAGR in terms of value over the forecast period.
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On the basis of geography, the global colostrum market is segmented into seven major regions namely North America, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa (MEA). The APEJ market is expected to witness favourable growth in terms of value and volume over the forecast period. In terms of value, the North America market is expected to account for a major share of the market by 2026 end.
Some of the key players identified in the global colostrum market are APS BioGroup; La Belle, Inc., Ingredia Nutritional, The Saskatoon Colostrum Co. Ltd, Biostrum Nutritech Pvt. Ltd, Biotaris B.V., NIG Nutritionals Limited, Good Health NZ Products Ltd, Sterling Technology and Cuprem Inc.