Pune, India, Aug 01, 2017 MRFR Press Release- Market research future published a half cooked research report on the global organic milk replacers market has been estimated to grow over 6.4 % till 2023.
Market Overview
Milk or Milk Replacer is one of the most critical components in the successful rearing of orphaned or hand reared livestock. It is liquid nutrition comparable to mother’s milk, which is given to young animals. Organic milk replacer is naturally made without the use of any chemical offering extra micro-nutrients including different vitamins & minerals. Organic milk replacers offer diverse range of products, enriched with various nutrients. Adoption of chemical-free products is considered to be one of the major drivers for this market. Increased awareness about the organic milk replacer has raised the bar for quality and in turn, the market share for organic milk replacers on a global level.
Market Forecast
The global organic milk replacers market is anticipated to be driven by the increasing awareness of nutrients such as fats, proteins, vitamins & minerals and others. Mass market penetration is leading to introduction of new products and their retail across various regions. High focus on Research & Development has led to innovations and in the product line which has fueled up the market share of organic milk replacers in global market. High benefits obtained from organic products is also supporting the sale of organic milk replacers globally. Among the various type of medicated and non-medicated are evaluated to hold a major share as wide range of products are available in this category attracting consumers towards the product line. Additionally, the advancement in product development coupled with the technological advancements is considered to be one of the significant reasons for the increasing growth of organic milk replacers market during the review period of 2017-2023.
Downstream market analysis
Globalization and urbanization are major driving force for this market, furthermore popularity of milk replacers and usage of natural ingredients are also encouraging the growth of the market. Rising demand of organic products, is expected to play a significant role in the growth of organic milk replacers market during the forecast period. Additionally, the advancement in product development coupled with the technological advancements is considered to be one of the significant reasons for the increasing growth of organic milk replacers market during the review period of 2017-2023. Additionally, organic milk replacer varieties are also expected to gain popularity due to requirement of milk for young animals owing to not receiving mother’s milk.
Competitive analysis-
The major key players in organic milk replacers market are
- Kent Nutrition Group (U.S.)
- Royal Milc, Inc. (U.S.)
- Manna Pro (U.S.)
- I.N. Hellas (Greece)
- Biocom Ltd (Belarus)
-
KGM Ltd (Latvia) - Sav-a-Caf (U.S.)
The demand for organic milk replacers has pushed manufacturers to innovate and develop new product line which are better in taste and offers various health benefits.Regional Analysis
Global organic milk replacers market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, European region has the major market share followed by Asia Pacific. Increased production of organic milk replacers in India and China is projected to generate a high revenue from Asia Pacific region during the given forecast period. Changing consumer preferences for natural and authentic products will support the sale of organic milk replacers in various region during the forecast period. Strong emphasis on the organized farming practices in the livestock industries and increase in awareness about precision nutrition techniques have been the driving factors in these regions. However, Asia Pacific region is estimated to witness a maximum growth in the global organic milk replacers market during the forecast period of 2017-2023.
Market Segmentation-
Global organic milk replacers market is segmented by livestock type, specialty type, form, fortification, distribution channel and region.
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