openPR Logo
Press release

Liquid Milk Replacers Market worth $243 million by 2023

11-15-2018 07:06 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

MarketsandMarkets

MarketsandMarkets

The report "Liquid Milk Replacers Market by Type (Medicated and Non-Medicated), Livestock (Calves, Piglets, Kittens, Puppies, Foals, Kids & Lambs), and Region (North America, Europe, Asia Pacific and Rest of the World) - Global Forecast to 2023", The liquid milk replacers market is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major factors driving the liquid milk replacers market include the rising consumption of dairy products and the adoption of precision nutrition techniques.

The medicated type segment is expected to grow at the higher CAGR in the global liquid milk replacers market during the forecast period.

The liquid milk replacers market, by type, is estimated to be dominated by the non-medicated segment in 2018. This is attributed to the fact that infant livestock are being fed with milk replacers for the first 6-8 weeks of their birth. Non-medicated liquid milk replacers are fed to livestock infants for the first 1-2 weeks of their birth to protect them from diseases or certain deficiencies. In addition, these milk replacers are low in cost, as compared to medicated liquid milk replacers. This is one of the driving factors for the non-medicated milk replacers segment in developing countries such as Brazil, India, and China, where livestock bearers are price sensitive. Further, the dairy farming industry in these countries is becoming increasingly organized with the growing investments.

The calves segment, by livestock, is projected to occupy the majority of the market share and grow at the fastest rate during the forecast period.

The calves segment is projected to be the fastest-growing segment, by livestock, during the forecast period. Proper management of calves is a prerequisite to the success of a dairy farm. Raising healthy calves is one of the major aspects of livestock management, in general, given their use in dairy and meat production. The optimal level of nutrition in the early life of animals facilitates their faster growth and early maturity. Infant calves should be carefully reared so that they attain about 70%-75% of mature body weight at puberty. Poor feeding could lead to a higher age of calves at first calving and an overall reduction in their life spans.

Europe is projected to account for the largest market size in the liquid milk replacers market during the forecast period.

Europe is estimated to account for the largest share of the market in 2018. The consumption of liquid milk replacers in this region is majorly driven by the rising demand for milk and milk products among consumers. According to the Joint Research Center of European Commission, about 12.4% of the entire milk production in the region is used for general consumption; with 36.1% being used for cheese production, 28.7% being used for butter, and 11.5% for cream. This leaves about 20% of the produced milk available for young livestock consumption, providing a huge market opportunity for milk replacers. Milk replacers also form an important dietary input for livestock fattening purposes, wherein they constitute the major feed products and account for a majority of the feed cost for young livestock meant for slaughter. Milk replacers are majorly produced in countries such as France, Germany, Italy, the Netherlands, and Belgium; and are traded throughout the region.

Major vendors in the liquid milk replacers market include Liprovit, BV (Netherlands), Calva products LLC (US), PETAG Inc. (US), Cargill (US), Archer Daniels Midland Company (ADM) (US), CHS Inc. (US), Land O’Lakes Inc. (US), Glanbia Plc (Ireland), Nutreco N.V. (Netherlands), and Lactalis Group (France).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh,
MarketsandMarkets™ INC. ,
630 Dundee Road ,
Suite 430 ,
Northbrook, IL 60062 ,
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Liquid Milk Replacers Market worth $243 million by 2023 here

News-ID: 1371557 • Views: 113

More Releases from MarketsandMarkets

Digital Railway Market Projected to reach USD 74.8 billion by 2024| Key players …
According to recent research "Digital Railway Market by Offering (Solutions and Services) , Application Type (Rail Operations Management, Passenger Experience, and Asset Management) , Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024", published by MarketsandMarkets, the digital railway market is expected to grow from USD 50.0 billion in 2019 to USD 74.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% during
Graph Database Market Ongoing Trends and Recent Developments | Key Players like …
According to recent research "Graph Database Market by Type (RDF and Property Graph), Application (Recommendation Engines, Fraud Detection, Risk and Compliance Management), Component (Tools and Services), Deployment Mode, Industry Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the graph database market size is expected to grow from USD 1.0 billion in 2019 to USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2%
Major Trends in emission monitoring systems
The emission monitoring systems market size was valued at USD 2.18 Billion in 2017 and is expected to grow at a CAGR of 9.3% as per a report by MarketsandMarkets. https://www.marketsandmarkets.com/Market-Reports/emission-monitoring-systems-market-72002872.html Why product innovation acts as an opportunity for manufacturers? In recent years, the emission monitoring ecosystem has witnessed a lot of product innovations. For instance, in July 2017, Emerson launched Rosemount CT5800, industry’s first continuous gas analyzer with quantum cascade laser. The
Enteral Feeding Devices Market | Ongoing Trends and Recent Developments | Major …
The enteral feeding devices market is estimated to be valued at USD 2.99 billion in 2019 and is projected to grow at a CAGR of 6.7% during the forecast period of 2019 to 2024. The enteral feeding devices market is broadly segmented by type, age group, application, end user, and region. Fueled by the growing focus on patient nutrition and safety, the enteral feeding industry has experienced significant growth in

All 5 Releases


More Releases for MarketsandMarkets™

ADAS Market by System, Component, EV and Region 2025| MarketsandMarkets
The ADAS Market (Advanced Driver Assistance System Market) is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period. The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Latest Report on Top 10 Mobility Technologies by MarketsandMarkets
According to the new market research report "Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography - Global Forecast to 2022", the market is expected to grow at a significant rate between 2016 and 2022. This report covers the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented
MarketsandMarkets: Global Wind Turbine Rotor Blade Market by 2016
MarketsandMarkets: Global Wind Turbine Rotor Blade Market will reach $14.6 Billion with annual installations of 0.14 Million Blades by 2016 http://www.marketsandmarkets.com/Market-Reports/rotor-blade-market-286.html According to a new market research report, “Global Wind Turbine Rotor Blade Market by Testing, Material, Blade Size, Regulations & Outlook (2011 – 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), global wind turbine rotor blade market will grow from estimated $7.7 billion in 2011 to $14.6
MarketsandMarkets : Advanced PET and SPECT Global Market 2015
The report analyzes the MarketsandMarkets : Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015) by technologies and applications and studies the major market drivers, restraints, and opportunities for the PET SPECT market inU.S., EMEA, and Asia-Pacific. Browse market data tables and in-depth TOC on Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015). Early buyers will receive