Milk Replacers available in the market include medicated and non-medicated. Growing awareness among the consumers for these products will uplift the growth of the market in the coming years. Moreover, growth of organised organized livestock farming in the countries like India, China, and Brazil resulted in a boost in demand for the Milk Replacers market during the forecast period. Milk replacers are majorly used in commercialised livestock farming as milk substitute for young livestock and the products are fortified with other nutritional and medicinal benefits to ensure health, performance and growth of the young livestock.
Owing to the rising consumption of meat, dairy and milk products, adoption of precision nutrition are the major factors booting the demand of the milk replacers.
The global milk replacers market has been segmented based on type, livestock, source, and region.
By type, the global market has been classified as medicated and non-medicated.
On the basis of livestock, the global market has been divided into ruminants, swine and others.
The global milk replacers Industry has also been segregated, on the basis of source, into milk based, non-milk based and blended.
The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the Germany, France, Italy, Spain, UK, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Milk Replacers Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
Europe is expected to dominate the market for milk replacers during the forecast period owing to the high focus of European Commission on reducing input cost and to improve animal health and performance in early stages of lifecycle. Germany, France, Italy are the major European markets for Milk Replacers. The continuous efforts made by the manufacturers in US to grow in the Milk Replacers market has significantly contributed to the market in North America. The market in Asia-Pacific is projected to register the highest CAGR during the forecast period with China and India being the largest country-level markets for Milk Replacers in the region. Demand for high quality animal products in the region, owing to the urbanizations and increased health consciousness, has resulted in farmers focusing on the inclusion of nutritional fulfilment of the young livestock to optimise the productivity.
Global Market, by Type
Global Market, by Livestock
Global Market, by Source
Global Market, by Region
Key Players in the Global Market
Frequently Asked Questions (FAQ) :
Based on type, the non-medicated segment, based on livestock, the ruminant segment, based on source, the milk segment holds the major share the global milk replacers market.
Augmenting demand for animal protein and increasing awareness regarding the benefits of these replacers, are the major tailwinds pushing the growth of the global milk replacers market.
Higher cost and lack of knowledge about the benefits that these replacers, are major growth impeders for the global milk replacers market.
Europe holds the largest share in the global milk replacers market, followed by North America and the Asia Pacific, respectively.
Cargill, Inc. (US), Glanbia, PLC (Ireland), Archer Daniels Midland Company (US), Lactalis Group (France), CHS Inc. (US), Vandrie Group (The Netherlands), Land O'lakes, Inc. (US), Royal FrieslandCampina N.V. (The Netherlands), Alltech (US), and Nutreco N.V. (The Netherlands), are some of the top players operating in the global milk replacers market.