According to our latest market study on “Global Bovine and Goat Colostrum Market Forecast to 2027 – Covid-19 Impact and Global Analysis – by Form (Liquid, Powder, and Tablets and Capsules); Nature (Conventional and Organic); End Use (Pharmaceuticals, Animal Nutrition, Dietary Supplements, Sports Nutrition, Functional Food, Cosmetics, and Infant Formulae); Distribution Channel (Hypermarkets/Supermarkets, Medical Stores/Pharmacies, Direct/B2B, Convenience Stores, Specialty Stores, Online Distribution); and Geography,” the market was valued at US$ 1,418.90 million in 2018 and is projected to reach US$ 2,028.65 million by 2027; it is expected to grow at a CAGR of 4-7.2% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
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Some athletes try to find new ways to enhance sports performance. And they prefer to have nutrition supplements and ergogenic aids. Nutritional supplements are basically substances that help the organism to gain a high performance or to achieve a good physiological status after a health problem. Ergogenic aids can also enhance athletic performance. One of the nutritional supplements utilized for athletes is colostrum. Colostrum contains macronutrients including protein, fat, vitamins, carbohydrates, and minerals, and also bioactive components like growth factors & antimicrobial elements; hence it might be good for athletic health & performance. Colostrum is high in globulins, also unlike mature milk, is, therefore, heat coagulable. As much as 10% of the protein in cow colostrum is globulins, and most of this globulin is immune globulins. Dietary bovine colostrum supplements may activate immunological defense systems against microbes on mucous membranes since it is an extremely rich source of immunoglobulins. Colostrum further contains polyproline-rich-peptides which help an active immune system, and lactoferrin, which seems to be a potent, broad-spectrum natural antibiotic & antiviral agent. Due to all these nutritional properties, colostrum is gaining importance in sports nutrition, hence influencing the demand for the bovine and goat colostrum market.
Impact of COVID-19 Pandemic on Bovine and Goat Colostrum Market
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. The COVID-19 outbreak has affected economies and industries due to imposed lockdowns, travel bans, and business shutdowns. Food & beverages is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. This is further projected to impact the demand for bovine and goat colostrum products globally.
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