ID: MRFR/F-B & N/3753-HCR | 110 Pages | Author: Pradeep Nandi | May 2023
According to projections, the Calf Milk Replacers Market would reach at a CAGR of 6.7% from 2022 to 2030, reaching about USD 3.84 billion. The Calf Milk Replacers Market is showing higher growth rates across the world. The calf milk replacers products are filled with high-quality and higher nutrients. For feeding the pre-ruminant calves, the calf milk replacers (CMR) are convenient. Hence, the feeding of high-quality CMR can bring higher productivity growth rates. Moreover, the calf milk replacers are more cost-effective as compared to the whole milk of cows. Thus, the calf milk replacers selling are growing day by day.
The calf milk replacers consist of less fat and high protein, which are filled with acids and added vitamins. If looking into the whole milk process, the calf milk replacers are providing better services to the intended audiences. Even the calf milk replacers are providing non-medicated and medicated services, which cannot be seen purely in whole milk. Along with that, commercial milk replacers in calf have other benefits like longer shelf life, which cannot find in the whole milk. Hence, the Calf Milk Replacers Market's demand is growing with various benefits.
According to the milk replacers market forecast report, the calf milk replacers demand is showing immense growth over the past few years. Indeed, the commercial milk replacers in calf have generated awareness among the dairy farmers, and this increased awareness is bringing more scope to the global Calf Milk Replacers Market. Moreover, the calf milk replacers market growth is getting influenced by the increasing milk-related product demand and increasing milk consumption across the regions.
The global Calf Milk Replacers Market has performed well in the previous year, but the sudden emergence of the COVID-19 pandemic in 2020 had a bad experience for the global market. The global market has lost the calf milk replacers demand as well as suppliers. Moreover, the pandemic lockdown has brought a reduction of investment in the global market.
But, the healthy animal feed awareness has increased after a certain period of time, which has improved the demands for soy-based milk replacers calf. Even the global market players have given lots of efforts to thrive the global market demand.
The global Calf Milk Replacers Market is driving its growth due to enabling higher growth and quality comparable to whole milk and the development of milk replacers rich in protein by the milk replacer companies or producers. Moreover, the global market is conducting continuous research and developments in calf milk replacer products to understand the growth aspects.
Along with that, the additional value is generated with the new and advanced product innovations, which is enhancing the calf milk replacers market growth in the forecast period.
The global Calf Milk Replacers Market is providing better quality services, which can bring more opportunities for the global market. Moreover, rising awareness about the advantages of calf milk replacer products will bring more opportunities for the producers and manufacturers.
Moreover, the growing use of sorghum across various regions can bring more opportunities and scope for the upcoming years' global Calf Milk Replacers Market.
The Calf milk replacer is very rarely used by few tropical dairy farmers. And it is used as a substitute for feeding whole milk. Hence, the substitute use of trans-species milk or waste milk might bring restraints to the calf milk replacers market growth in the research period.
Moreover, the increasing advanced technology might bring restraints as many producers are not aware of its usages.
The increasing calf milk replacer products demand across the world, and increasing advancement of new technology can bring major challenges for the global Calf Milk Replacers Market. The increasing demands require more production, and it is difficult to manage such a huge production in less time.
Hence, the global Calf Milk Replacers Market needs to engage its best key players to look after these emerging challenges so that the global market can fulfill all the customer's demands for calf milk replacer products.
The cumulative growth of the global market is rising with the demand for soy-based milk replacers calf. As compared to the previous year's report, the present situation of the global market is growing immensely.
Further, the Calf Milk Replacers Market is adopting new innovative things in developing calf milk replacer products.
Based on the type segment, the Calf Milk Replacers Market is divided into two types such as non-medicated milk replacer and medicated milk replacer.
Out of these two types of segments, medicated calf milk replacer is estimated to be the fastest-growing segment in the review period due to the increasing concern among the people for growing calves diseases. On the other hand, non-medicated milk replacers are dominating the calf milk replacers market share due to comparative cost-effectiveness for the liquid milk replacers product.
The Calf Milk Replacers Market is classified into two forms: liquid form and powder form, on the basis of form segment.
Among these two form segments, the liquid segment is projected to be the fastest-growing segment in the review period because the liquid form is easy to digest and contains a large amount of nutrition. On the other hand, powdered segmental form also has more demand in the global market and shares the larger market.
Based on the source segments, the Calf Milk Replacers Market has two sources: non-dairy-based and dairy-based.
The dairy-based milk replacers are predicted to be the fastest-growing segment during the forecast period among these two source segments. Hence, this segment is growing because dairy-based calf milk replacer products are having high absorption of nutrition.
The liquid milk replacers market trends are growing its liquid milk replacers product demands across different areas. These most popular areas are North America, Asia Pacific, South America, Europe, and the Rest of the World. Out of all the regions, the European region is leading the global market. This region is doing promoting veal consumption, which is estimated to generate the higher calf milk replacers market size for the forecast period.
After the European region, the second dominating region is North America. This region is having important key players like CHS Inc. (U.S.), Land O'lakes, Inc. (U.S.), Cargill Inc. (U.S.), and Archer Daniels Midland Company (U.S.), who are giving their collective efforts to increase the demands for liquid milk replacer product. Hence, North America is showing more development in the liquid milk replacer product. Apart from these regions, the Asia Pacific region is well known as the fastest-growing region for serving liquid milk replacer products. This region has countries like Indonesia, India, China, and Japan who are practicing more dairy agricultural things. Thus, the increasing practice of dairy agricultural stuff in the region is growing the calf milk replacers market size for the assessment period. Further, Brazil is estimated to increase the calf milk replacers market share for the forecast period.
The Calf Milk Replacers Market has effective competition across the world. Among them, some of the major key players are:
The above major key player is serving their best in various regions and always trying to maintain the liquid milk replacers market trends so that the global market can offer better liquid milk replacer products and continue its trend in the upcoming years.
The milk replacers market forecast report mentions that COVID-19 has affected the global market in 2020, but the collective efforts of the key players have able to stable the decreasing growth of the global market. Moreover, this report has highlighted the growth, challenges, restraints, cumulative growth, and opportunities for the liquid and powder milk replacer products in the market dynamics.
Along with that, this report says the global market has been classified into types, sources, and forms, which are strengthening the global calf milk replacer products. The report has also covered the regional classification, which shows European regions are ruling the global market. Overall, the main role is played by the key players who are boosting up the growth of the global market by putting innovative ideas to the calf milk replacer products.
|Market Size||USD 3.84 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Source, By Form, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Archer Daniels Midland Company (U.S.), Land O'lakes Inc. (U.S.), Cargill Inc. (U.S.), Frieslandcampina (The Netherlands), Lactalis Group (France), CHS Inc. (U.S.), Glanbia PLC (Republic of Ireland)|
|Key Market Opportunities||Enabling higher growth and quality comparable to whole milk|
|Key Market Drivers||Development of milk replacers rich in protein by the milk replacer|
Europe would lead calf milk replacer market.
The non-medicated type would dominate calf milk replacer market.
The dairy-based segment would be the fastest-growing calf milk replacer market.
The powdered segment would lead calf milk replacer market.
The APAC calf milk replacer market would be the fastest-growing regional market.
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