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.
Competitive Landscape:
Some of the Milk Replacers market players are:
- Alltech (US)
- Archer Daniels Midland Company (US)
- BEWITAL agri GmbH & Co. KG
- Cargill, Inc. (US)
- CHS Inc. (US)
- FrieslandCampina Ingredients
- Glanbia, PLC (Ireland)
- Hi-Pro Feeds
- Kent Nutrition Group
- Lactalis Group (France)
- Land O'lakes Inc. (US)
- Liprovit BV
- Manna Pro Products LLC.
- Nukamel
- Nutreco N.V. (The Netherlands)
- PBS Animal Health
- Pet-Ag Inc.
- Royal FrieslandCampina N.V. (The Netherlands)
- Vandrie Group (The Netherlands)
Market Segmentation:
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.
Based On Type, The Non-Medicated Segment Is Accounted As A Major Contributor In The Milk Replacers Market
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.
Milk-Based Segment Witnessed Growth At A Rapid Rate
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.
In The Region, The Asia Pacific Milk Replacers Market Holds Significant Revenue Share
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.
Milk Replacers Market Report Scope:
|
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 |
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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. |
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