Milk Replacers Market Size - Global Industry Growth, New Opportunities and Forecast–2027
Market Highlights
Milk replacers are the
nutritional formulae which are used as substitute to milk for young livestock.
The nutritional content of the milk replacers is are formulated based on the
requirement of the new born livestock. The increasing demand for milk and milk
products have significantly driven the demand for milk replacers at the global
level. Along with this, the nutritional requirements of the animals in the
early stages are on the priority of the rearers, to increase the growth and
performance of the animals.
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Based on type, the
global milk replacers marke sizet has been segmented into medicated and
non-medicated. The non-medicated segment accounted for the maximum market share
in 2017 due to low prices and easy availability of the raw materials. The
demand for these products is high in developing countries like China, India and
Brazil as with increasing organized livestock sector and cost conscious
rearers. However, the medicated segment is expected to grow at a higher CAGR
during the forecast period owing to the growing concerns for increasing
diseases among the young livestock.
The global milk
replacers marke sizet has been segregated, by livestock, into ruminant, swine,
and others. The ruminant segment is expected to dominate the global milk
replacers marke sizet during the assessment period and is projected to witness
at a higher CAGR during the forecast period. The optimal level of nutrition
given to the calves facilitate faster growth and early maturity. Rearing
healthy claves is the prerequisite of the dairy farming considering their use
in dairy and meat production.
The global market for
milk replacers has also been classified, by source, as milk based, non-milk
based and blended. The milk based based segment is expected to dominate the
market, however, the non-milk based segment is expected to register the highest
CAGR during the forecast period. The milk-based replacers are considered as
ideal for the young livestock as their digestive system can easily adapt to the
function of milk. These replacers are mostly used in developed countries,
including the U.S., Germany, and Spain, primarily due to high awareness about
the benefits of milk-based replacers.
Regional Analysis
On the basis of
region, the global milk replacers marke
sizet has been segmented by North America, Europe, Asia-Pacific, and RoW.
Europe is expected to dominate the global milk replacers marke sizet owing to
increased focus on precision nutrition. Moreover, the growing focus of European
Commission on health of animals in early growth stages and use of scientific
methods of livestock rearing have contributed significantly in the high demand
for milk replacers in the region. France, Germany and Italy are the major
contributing markets.
The milk replacers
marke sizet in Asia-Pacific is expected to grow rapidly due to the increasing
awareness about the benefits of milk replacers, along with their cost benefits,
is fueling the demand for milk replacers in the region. The increasing
modernized and organized livestock farming in the region is other factor
contributing the growth in the milk replacers marke sizet during the forecast
period.
Key Players
Some of the key
players in the global milk replacers marke sizet are Cargill, Inc. (US), Archer
Daniels Midland Company (US), CHS Inc. (US), Land O'lakes, Inc. (US), Glanbia,
PLC (Ireland), Lactalis Group (France), Vandrie Group (The Netherlands), Royal
FrieslandCampina N.V. (The Netherlands), Nutreco N.V. (The Netherlands), and
Alltech (US)
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