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Global Liquid Milk Replacers Market is expected to grow at a CAGR of 7.4% during the forecast period from 2019-2025
Global Liquid Milk Replacers Market 2019, Global Liquid Milk Replacers Market Growth, Global Liquid Milk Replacers Market Trends
Global Liquid Milk Replacers Market by Type (Medicated, Non-Medicated), Livestock (Calves, Piglets, Kittens, Puppies, Foals, Kids & Lambs),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Leadersin the industry Liprovit, Calva products LLC, Archer Daniels Midland Company, Land O'Lakes Inc., Nutreco N.V., BV (Netherlands), PETAG Inc., Cargill Incorporated, CHS Inc., GlanbiaPlc, CHS Inc., Lactalis Groupamong otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in January 2016, Cargill opened a new animal nutrition technology application center in Izmir, Turkey. This center demonstrates the performance of Provimi's calf milk replacers in the local environment to its customers.
The type segment is classified into medicated and non-medicated. The medicated segment dominated the market and valued around USD 102.37 Million in 2017. Medicated liquid milk replacers offer various health benefits and increase the performance of infant livestock. They are mainly provided to infant livestock that has physical and nutritional deficiencies, weaknesses, or diseases; and requires an enhanced nutritional diet. The livestock segment is segmented intocalves, piglets and others. Calves dominated the market with the highest share of 46.30% in 2017. Calves are born with only the abomasum, i.e., the fourth stomach functioning; and their digestion is only dependent on the enzymes existing in the abomasum. For this reason, infant animals are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity toward diseases. Liquid milk replacers for calves are nutritious concentrate mixes and contain nutrients such as protein, fats, vitamins, and minerals in the optimum required ratio to ensure optimal growth.
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High implementation of precision techniques and growing awareness of the micro and macro nutrients such as vitamins, minerals, proteins, and fats are the two factors which are estimated to drive the liquid milk market during the forecast period. Also, increasing use of dairy products is also boosting up the demand for liquid milk. But logistical and preservation advantages are attached with powdered milk replacers may obstruct the growth of the market. However, implementation of milk replacers for piglets, foals, lambs, and kids may boost up the market mayboost the market in coming years.
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