The Middle East & Africa colostrum market was valued at US$ 63.30 million in 2023 and is expected to reach US$ 103.70 million by 2031; it is estimated to register a CAGR of 6.4% from 2023 to 2031.
Colostrum is utilized as a major ingredient in some high-quality cosmeceutical products that helps protect against external factors. Growth factors present in colostrum help in the cell’s growth and regeneration. Additionally, colostrum reduces skin irritation and aids in the healing of skin defects. It enhances skin hydration and has strong antimicrobial properties. Colostrum-based cosmetics brighten facial skin, slow the aging process, and contribute to better elasticity and resistance of the skin. For instance, Viveza Holding's brand MCE Pharma offers a complete range of premium cosmetics that are preferred by the higher class, along with similar kinds of products in an economic range. With the rising popularity and demand, advanced skincare products infused with colostrum are being introduced by manufacturers who are constantly improving their compositions. For example, in July 2023, a Royal Family Farms – Pacific Northwest dairy farm known for its national award-winning sustainability efforts, especially with vermiculture, launched a skincare line called “Nurst,” which is made from excess colostrum from dairy cows. Increasing product launches and the growing cosmetic industry across the globe are expected to drive the demand for colostrum-based cosmetics. Thus, the rising demand for colostrum-based cosmetics and personal care products is expected to create a new trend in the colostrum market over the forecast period.
Iran, Bahrain, Qatar, Turkey, Israel, and Zambia are among the major countries in the Rest of Middle East & Africa colostrum market. In a few of these countries, the growth rate of the colostrum market is moderate due to a lack of awareness about its benefits. However, presence of several nutrition supplement manufacturers in the region is expected to drive the awareness of colostrum products. For instance, Carlyle Nutritionals, LLC, a nutrition supplements manufacturer promotes colostrum in Turkey by offering a wide range of colostrum products such as colostrum capsules in the country. Moreover, changing economic conditions and the growth of various end-use industries support the colostrum market growth in the region.
The Middle East & Africa colostrum market is categorized into form, category, application, and country.
Based on form, the Middle East & Africa colostrum market is bifurcated into dry and liquid. The dry segment held a larger market share in 2023.
In terms of category, the Middle East & Africa colostrum market is bifurcated into conventional and organic. The conventional segment held a larger market share in 2023.
By application, the Middle East & Africa colostrum market is segmented into pharmaceuticals and dietary supplements, food and beverages, animal nutrition, and personal care. The pharmaceuticals and dietary supplements segment held the largest market share in 2023.
By country, the Middle East & Africa colostrum market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa colostrum market share in 2023.
Titan Biotech Ltd, Pantheryx, Biodane Pharma A/S, Bionatin, Colostrum BioTec GmbH, Biostrum, Cure Nutraceutical PVT. LTD., INGREDIA s.r.o., I. Livanou IKE, and KERSIA GROUP are some of the leading companies operating in the colostrum market.