Press release
Calf milk replacers Market 2017 to 2023 –Industry Share, Growth, Industry Segments, Competitor Landscape, Key Players, Trends and Forecasts
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.
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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).
Industry Segments:
Calf milk replacers market is segmented on the basis of type such as medicated milk replacer and non-medicated milk replacer. Non-medicated milk replacers are witnessed to hold a leading share in the market owing to comparative cost-effectiveness. However, medicated calf milk replacer is anticipated to be the fastest growing segment based on the growing concern for increasing diseases among calves.
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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.
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