Colostrum Market Size

Colostrum Market size was valued at USD 2.87 billion in 2023 and is projected to exceed USD 8 billion by the end of 2036, expanding at over 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of colostrum is evaluated at USD 3.06 billion.

The growth of the market can be attributed to the growing health awareness of consumers, increasing demand for fortified foods and supplements around the world, and rising usage of colostrum in cosmetic industry. The market for health and wellness food was calculated to generate a revenue of more than USD 766 billion in 2019. This amount rose up to approximately USD 790 billion in 2020. Furthermore, fortification of colostrum in infant formulas and probiotic yogurt is also expected to drive market growth in the upcoming years. In addition, escalating trend for sports and fitness coupled with increase in disposable income of people is also predicted to offer ample growth opportunities to the colostrum market in the near future.

Frequently Asked Questions (FAQ)

The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.

The cosmetics segment is anticipated to hold largest market size and is estimated to grow at a noteworthy CAGR over the forecast period and display significant growth opportunities.

Asia Pacific region will provide more business opportunities on the back of improvement in standards of living of the middle-class populations in the region.

The major growth drivers for market are growing demand for fortified foods and increasing health awareness of consumers globally.

Colostrum Market Size