The Milk Replacers Market is expected to achieve a value of USD 7.1 Billion by 2030, with a compounded annual growth rate (CAGR) of 8.2%.
The MRFR report suggests that the global milk replacers market is likely to record substantial growth over the timeframe ending in 2027.
Milk replacers available across the market comprise non-medicated and medicated. Milk replacers are usually utilized across commercial livestock farming as a milk replacement for young livestock. The products are known to offer several medicinal and nutritional benefits. The global Milk Replacers Market Trends has witnessed massive growth in recent years. The increasing awareness is primarily driving the growth of the milk replacers market among the consumers for these products. Furthermore, the growth of organized livestock farming in nations such as Brazil, China, and India is causing an upsurge in the growth of the milk replacers market over the forecasted period. Moreover, the factors such as the adoption of precision nutrition and increasing consumption of dairy milk and meat products are also anticipated to propel the growth of the milk replacers market.
Segment Analysis
The global Milk Replacers Market Trends has been split into sources, livestock, type, and region.
The milk replacers market has been fragmented into non-medicated and medicated based on type.
The milk replacers market is split into swine, ruminants, and others based on livestock.
By source, the milk replacers market has been divided into non-milk-based, milk-based, and blended.
Regional Analysis
The global milk replacers market is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world.
The MRFR reports suggest that the European region will likely lead the global milk replacers market over the forecasted era. The high focus of the European Commission is driving the regional milk replacers market's growth to enhance animal health and performance in the early stages of the lifecycle and lowering the initial cost. Italy, France, and Germany are the major European markets for milk replacers.
The North American Milk Replacers Market will record substantial growth over the review timeframe. The regional market's growth is attributed to the continuous efforts made by the manufacturers in the U.S.
The milk replacers market for the Asia-Pacific region is projected to exhibit the highest CAGR during the review timeframe, with India and China being the major market growth contributors. Furthermore, the regional market's growth is attributed to the increased health consciousness, growing demand for high-quality animal products and rise in urbanization are also projected to catalyze the growth of the regional milk replacers market over the forecasted era.
Competitive Analysis
The global market has an intensely competitive landscape with a wide number of Key Milk Replacers Market Players spread worldwide. The players in the global market are adopting several new strategies such as mergers, partnerships, acquisitions, etc., to grow their global market footprint. Leading players are making heavy investments in research & development activities to launch innovative products to the market.
The list of prominent players across the global milk replacers market includes Archer Daniels Midland Company (U.S.), Land O'lakes, Inc. (U.S.), Lactalis Group (France), Royal FrieslandCampina N.V. (The Netherlands), Alltech (U.S.), CHS Inc. (U.S.), Nutreco N.V. (The Netherlands), Vandrie Group (The Netherlands), Glanbia, PLC (Ireland), Cargill, Inc. (U.S.), and several others.
According to the MRFR reports, the global Milk Replacers Market Size is likely to attain a over USD 7.1 Billion by the end of 2027 while flourishing at a healthy CAGR of over 8.2% during the forecasted era.
Recent Developments
- January 2022- a business unit of IFF's Health & Biosciences division, Danisco Animal Nutrition, announced the plans to expand nutritional health solutions for ruminant farmers and grow their market reach. The business will introduce the Bovizyme GA enzyme across the U.S. and two Omni-Bos probiotics in the Middle East.
Bovizyme GA refers to an enzyme solution that enhances starch digestion efficiency for non-steam flaker feed yards.
- February 2021- Pet-Ag, Inc. has announced the launch of Goat's Milk Esbilac® Liquid Milk Replacer via its Distributor and Retailer channel partners. Additionally, this latest ready-to-use liquid provides more choices and added convenience to fulfill the increasing requirements of pet parents and professionals.
Goat's Milk Esbilac is derived from whole goat's milk protein for puppies with delicate digestive systems. It offers puppies advanced nutrition, is easy-to-digest, and resembles mother's milk in protein, carbohydrates, and fat.
Related reports:
Liquid Milk Replacers Market Research Report: Information by Type (Medicated and Non-Medicated), Livestock (Calves, Piglets, Lambs, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027 -
Dairy Alternatives Products Market Research Report Information By Source (Soy, Almond, Coconut, Rice and Oats), By Type (Milk, Cheese, Yoghurt and Ice Creams), By Distribution Channel (Store-Based and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
