The Global Milk Replacers Market Size is valued at 3.90 billion in 2022 and is predicted to reach 7.86 billion by the year 2031 at an 8.23% CAGR during the forecast period for 2023-2031.
When real milk is neither available nor practical, young calves are fed milk replacers (also known as milk replacements), which are generally created from a range of raw materials and specially formulated to simulate the nutritional properties of a cow's milk. The product's liquid and powder versions are offered, and the powder version is the most convenient to use.
The primary element promoting the growth of the milk substitute market is the rise in disposable income along with the rising inclination towards health. On the other hand, the demand for dairy products is rising quickly, particularly in developed countries, as a result of technological advancements, growing knowledge of the nutritional benefits, and rising demand for high-quality products to fight diseases, all of which are expected to restrain the market's growth. Within the aforementioned forecast period, the necessity for early detection and prevention of animal diseases is also anticipated to fuel market expansion. However, the majority of the dairy sector is still unorganized, which restrains the market for milk substitutes from expanding.
Furthermore, the milk replacers market would have lucrative opportunities for expansion due to technical developments, product improvements, and rising nutrition awareness. Because there is an increasing need to strengthen calves' immune systems, the market for medicated milk substitutes is expected to expand. Similar to natural milk, they also aim to give calves nutritious food.
The liquid milk replacers market category for animals with calves is the one that is expanding at the highest rate. All calves are born with the abomasum, which regulates food digestion. The health of the calves is impacted by the enzyme content that is present there. Calves are given essential nutritional supplements to support the best possible growth of the animals using liquid milk substitutes.
The Milk Replacers market is segmented on the basis of type, livestock, Source, and form. Based on type, the market is segmented as Medicated and Non-Medicated. The livestock segment includes Ruminants, Swine, and Others. By Source, the market is segmented into Milk-Based, Non-Milk-Based, and Blended. The form segment includes Powder and Liquid.
During the anticipated term, the non-medicated segment will hold the biggest market share. The elements responsible for its affordable prices. Because livestock carriers in developing nations like Brazil, India, and China are extremely cost-conscious, the demand for the non-medicated category is growing.
The milk-based segment is projected to grow at a rapid rate in the global Milk Replacers market Since animals have digestive systems that are built to process milk, milk-based replacers are frequently employed to feed the young of mammals since whole milk is a great source of nutrients for developing mammals.
Over the forecast period, Asia Pacific is expected to dominate regional markets. Consumer expenditure on pet care has been significantly increased by the growing tendency of "humanising" pets and increasing disposable income in nations like China, Japan, India, and South Korea. Over the course of the projected year, this is anticipated to have a favourable effect on the market. The fastest-growing market is Europe, as people have adapted non-medicated products.
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 3.90 Bn |
| Revenue Forecast In 2031 | USD 7.86 Bn |
| Growth Rate CAGR | CAGR of 8.23% from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million, Volume (KT) and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | Type, Livestock, Source, And Form |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
| Competitive Landscape | Cargill (U.S.), Archer Daniels Midland Company (U.S.), CHS Inc. (U.S.), Land O’ Lakes (U.S.), and Lactalis Group (France), Glanbia, Plc (Ireland), VanDrie Group (Netherlands), FrieslandCampina (Netherlands), Nutreco N.V. (Netherlands), and Alltech (U.S.) |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Milk Replacers Market By Type-
Milk Replacers Market By Livestock-
Milk Replacers Market By Source-
Milk Replacers Market By Form-
Milk Replacers Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Milk Replacers Market Snapshot
Chapter 4. Global Milk Replacers Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Type:
5.2.1. Medicated
5.2.2. Non-medicated
Chapter 6. Market Segmentation 2: By livestock Estimates & Trend Analysis
6.1. By Type & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2022 to 2031 for the following By livestock:
6.2.1. Ruminants
6.2.2. Swine
6.2.3. Others (equine and pets)
Chapter 7. Market Segmentation 3: By Source Estimates & Trend Analysis
7.1. By Type & Market Share, 2019-2031
7.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Source:
7.2.1. Milk-based
7.2.2. Non-milk-based
7.2.3. Blended
Chapter 8. Market Segmentation 4: By Form Estimates & Trend Analysis
8.1. By Type & Market Share, 2019-2031
8.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Form:
8.2.1. Powder
8.2.2. Liquid
Chapter 9. Milk Replacers Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Type, 2023-2031
9.1.2. North America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By livestock, 2023-2031
9.1.3. North America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Source, 2023-2031
9.1.4. North America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By, Form, 2023-2031
9.1.5. North America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts by country, 2023-2031
9.1.5.1. U.S.
9.1.5.2. Canada
9.2. Europe
9.2.1. Europe Milk Replacers Market revenue (US$ Million) & Volume (KT) By Type, 2023-2031
9.2.2. Europe Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By livestock, 2023-2031
9.2.3. Europe Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Source 2023-2031
9.2.4. Europe Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Form,2023-2031
9.2.5. Europe Milk Replacers Market revenue (US$ Million) & Volume (KT) by country, 2023-2031
9.2.5.1. Germany
9.2.5.2. Poland
9.2.5.3. France
9.2.5.4. Italy
9.2.5.5. Spain
9.2.5.6. UK
9.2.5.7. Rest of Europe
9.3. Asia Pacific
9.3.1. Asia Pacific Milk Replacers Market revenue (US$ Million) & Volume (KT) By Type, 2023-2031
9.3.2. Asia Pacific Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By livestock, 2023-2031
9.3.3. Asia Pacific Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Source, 2023-2031
9.3.4. Asia Pacific Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Form, 2023-20
9.3.5. Asia Pacific Milk Replacers Market revenue (US$ Million) & Volume (KT) by country, 2023-2031
9.3.5.1. China
9.3.5.2. India
9.3.5.3. Japan
9.3.5.4. Australia
9.3.5.5. Rest of Asia Pacific
9.4. Latin America
9.4.1. Latin America Milk Replacers Market revenue (US$ Million) & Volume (KT) By Type, 2023-2031
9.4.2. Latin America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By livestock, 2023-2031
9.4.3. Latin America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By End - Use, 2023-2031
9.4.4. Latin America Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Form, 2023-2031
9.4.5. Latin America Milk Replacers Market revenue (US$ Million) & Volume (KT) by country, (US$ Million) 2023-2031
9.4.5.1. Brazil
9.4.5.2. Rest of Latin America
9.5. Middle East & Africa
9.5.1. Middle East & Africa Milk Replacers Market revenue (US$ Million) & Volume (KT) By Type, (US$ Million)
9.5.2. Middle East & Africa Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By livestock, 2023-2031
9.5.3. Middle East & Africa Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Source, 2023-2031
9.5.4. Middle East & Africa Milk Replacers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Form, 2023-2031
9.5.5. Middle East & Africa Milk Replacers Market revenue (US$ Million) & Volume (KT) by country, (US$ Million) 2023-2031
9.5.5.1. South Africa
9.5.5.2. GCC Countries
9.5.5.3. Rest of MEA
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Alltech (US)
10.2.2. Archer Daniels Midland Company (US)
10.2.3. BEWITAL agri GmbH & Co. KG
10.2.4. Cargill, Inc. (US)
10.2.5. CHS Inc. (US)
10.2.6. FrieslandCampina Ingredients
10.2.7. Glanbia, PLC (Ireland)
10.2.8. Hi-Pro Feeds
10.2.9. Kent Nutrition Group
10.2.10. Lactalis Group (France)
10.2.11. Land O'lakes Inc. (US)
10.2.12. Liprovit BV
10.2.13. Manna Pro Products LLC.
10.2.14. Nukamel
10.2.15. Nutreco N.V. (The Netherlands)
10.2.16. PBS Animal Health
10.2.17. Pet-Ag Inc.
10.2.18. Royal FrieslandCampina N.V. (The Netherlands)
10.2.19. Vandrie Group (The Netherlands)