Market Analysis, Key Players | Land O'lakes, Inc., Cargill Inc., Archer Daniels Midland Company, Frieslandcampina, CHS Inc., Glanbia, PLC and Lactalis Group

Market Overview:
Calf milk replacers are developed to support minimal growth and encourage early consumption of calf starter. The ingredients and composition are specially designed according to the digestive system of the calf. Milk replacer can be fed at any time of the day, making it more convenient than the whole milk consumption. Moreover, feeding milk replacers prevents the transfer of diseases from cow to calf e.g. para-tuberculosis. Additionally, the long shelf life of the product is further supporting the growth of the market.

Growing awareness regarding the product benefits is further boosting the growth of the market. Long shelf life of the product is an added advantage for the growth of the calf milk replacers market. However, high input costs of milk replacer proteins may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.7% of calf milk replacers market during the forecast period, 2017-2023.

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Top Key Players:
Some of the key players profiled in the global calf milk replacers market are Land O'lakes, Inc. (U.S.), Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Frieslandcampina (The Netherlands), CHS Inc. (U.S.), Glanbia, PLC (Republic of Ireland), Lactalis Group (France).

Regional Analysis:
The global calf milk replacers market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Europe is accounted to hold the highest share of calf milk replacers. Promotion of veal calves consumption in the EU is majorly driving the growth of calf milk replacers in this region. North America is estimated to have a moderate expansion in the market share of calf milk replacers over the estimated period with the U.S. as its major contributor.

Asia Pacific is witnessed to be the fastest growing region in calf milk replacers market. India and China are the two countries majorly contributing to the growth of calf milk replacers in this region. Latin America is anticipated to gain a moderate growth rate over the estimated period.

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This release was published on openPR.