ID: MRFR/AGR/2644-HCR | January 2023 | Region: Global | 110 Pages
Organic milk replacers market is expected to reach USD 1870.6 million at a CAGR 7.98% during the forecast 2022-2030.
$1870.6 Million
7.98%
Europe
2022- 2030
Organic milk replacers market is expected to reach USD 1870.6 million at a CAGR 7.98% during the foprecast 2021-2030.Organic Milk Replacers Market is anticipated to be driven by the increasing awareness of nutrients such as fats, proteins, vitamins & minerals, and others. The adoption of chemical-free products is 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.
Mass market penetration is leading to the introduction of new products and their retail across various regions. High focus on Research & Development has led to innovations in the product line which has fueled up the market share of organic milk replacers in the global market. High benefits obtained from organic products are also supporting the sale of organic milk replacers globally. Among the various type of medicated and non-medicated milk replacers, they are evaluated to hold a major share as a wide range of products are available in this category attracting consumers towards the product line. Additionally, the advancement in product development coupled with technological advancements is one of the significant reasons for the increasing growth of the organic milk replacers market during the review period of 2021-2030.
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 a diverse range of products, enriched with various nutrients.
 Key Findings:
Segments:
The organic milk replacers market has been segmented on the basis of livestock types such as cattle, sheep, goats, swine, horses, and others. The organic milk replacers market dominates, because of its enrichment in various ingredients.
On the basis of specialty type, the market is segmented into a protein-rich, energy booster, fiber-rich, lactose-rich, and others.
On the basis of form, this market is segmented into powder, liquid, and others.
On the basis of fortification, this market is segmented into vitamins, minerals, medication, probiotics, organic acid, yeast, electrolytes, and others.
On the basis of distribution channel, this market is segmented into store-based such as hyper and supermarkets, specialist retailers, convenience stores, and others, and non-store basedÂ
Regional Analysis:
The global organic milk replacers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Among these, the European region has the major market share followed by the Asia Pacific. Increased production of organic milk replacers in India and China is projected to generate high revenue from the 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 the various regions during the forecast period. Strong emphasis on organized farming practices in the livestock industries and an increase in awareness about precision nutrition techniques have been the driving factors in these regions. However, the Asia Pacific region is estimated to witness maximum growth in the global organic milk replacers market during the forecast period of 2017-2023.
Key Players
The key players profiled in the organic milk replacers market areas Kent Nutrition Group (U.S.), Royal Milc, Inc. (U.S.), Manna Pro (U.S.), S.I.N. Hellas (Greece), Biocom Ltd (Belarus), KGM Ltd (Latvia), Sav-a-Caf (U.S.)
Study Objectives of Organic Milk Replacers Market:
Intended Audience
The organic milk replacers market is segmented under the following regions mentioned below:
North America
Europe
Asia Pacific
Rest of the world
The report for organic milk replacers market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. This report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market’s segments and regions
organic milk replacers market is projected to grow at approximately 7.98% CAGR during the assessment period (2021-2030).
Paradigmatic shift in industrialization & urbanization and the augmenting demand for animal protein are the major tailwinds pushing the growth of the global organic milk replacers market.
Higher cost and lack of knowledge about the benefits that these replacers offer such as extra micro-nutrients & vitamins & minerals, are major growth impeders for the global organic milk replacers market.
Europe holds the largest share in the global organic milk replacers market, followed by the Asia Pacific and North America, respectively.
Royal Milc, Inc. (U.S.), Kent Nutrition Group (U.S.), Manna Pro (U.S.), Biocom Ltd. (Belarus), S.I.N. Hellas (Greece), Sav-a-Caf (U.S.), and KGM Ltd (Latvia), are some of the top players operating in the global organic milk replacers market.