Milk Replacers Market by Type (Medicated, and Non-Medicated), Livestock (Ruminants, and Swine), Source (Milk-based, Non milk-based, and Blended), Form (Powdered, and Liquid), and Region - Global Forecast to 2022
“The global milk replacers market is projected to grow at a CAGR of 7.59%”
The global milk replacers market is projected to grow at a CAGR of 7.59% from 2017 to 2022, to reach a projected value of USD 3.54 billion by 2022. The market has been gaining importance due to the increase in the prices of milk, adoption of precision nutrition techniques, concerns about mortality and health-related aspects. Factors such as high input cost of milk replacer protein and usage of waste or trans-species milk as an alternative have been restraining the growth of the market.
“Ruminants segment is projected to be profitable in the milk replacers market”
In the global market, the ruminants segment is projected to be the fastest-growing from 2017 to 2022. Raising healthy calves is one of the major aspects for livestock in general and ruminants in particular, given their use for dairy and meat production. The growth in demand for milk replacers for these livestock segments has been attributed to the increase in commercialization of dairy farms and increased demand for milk for human consumption.
“Powder segment is the fastest-growing in the milk replacers market”
In the global market, the powder milk replacers segment is projected to be the fastest-growing from 2017 to 2022. The ease of handling, transportation, storage, and usage is driving the demand for the powdered milk replacers. Also, these milk replacers are more cost-effective, as against the liquid milk replacers, rendering them affordable; this also has a significant impact on the demand for the products.
“Asia-pacific projected to be the fastest-growing in the milk replacers market”
From 2017 to 2022, the Asia-Pacific region is projected to grow at the highest CAGR for milk replacer products. Increase in demand for milk and milk products and commercialization of dairy farming will increase the demand for milk replacers significantly. The increasing acceptance and resultant demand by the dairy farming industry has an impact on the milk replacers market in this region; hence, leads to the scope for development in the coming years.
Break-up of Primaries:
By Company Type – Tier 1 – 15%, Tier 2 – 45%, Tier 3 – 40%
By Designation – C level – 35%, Directors – 20%, Others – 45%
By Region – North America – 25%, Europe – 20%, Asia-Pacific – 45%, RoW – 10%
The leading players profiled in this report are as follows:
• Cargill (U.S.)
• Archer Daniels Midland Company (U.S.)
• CHS Inc. (U.S.)
• Land O’ Lakes (U.S.)
• Lactalis Group (France)
• Glanbia, Plc (Ireland)
• VanDrie Group (Netherlands)
• FrieslandCampina (Netherlands)
• Nutreco N.V. (Netherlands)
• Alltech (U.S.)
The milk replacers market has been segmented on the basis of type, livestock, source, and form. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of insights, this research report has focused on various levels of analyses — industry analysis and company profiles of top players, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
Reasons to buy this report:
• To get a comprehensive overview of the milk replacers
• To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players.
• To gain insights of the countries/regions in the milk replacers market.