Sustainable Growth Opportunities in the Milk Replacers Market

The milk replacers market was valued at USD 2.4 billion in 2016 and is projected to grow at a CAGR of 7.6%, to reach USD 3.5 billion by 2022. The milk replacers market is driven by the rise in milk prices, increase in awareness of cost-benefits and nutritional aspects of milk replacer products, adoption of precision nutrition techniques, concerns regarding mortality and health-related aspects, and rise in nutritional mismatches in the initial birth stage of livestock offspring.

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Based on type, the market is segmented into medicated and non-medicated. The non-medicated segment accounted for the largest share in the milk replacers market. The larger demand for non-medicated replacers has been attributed to its low prices. The medicated milk replacers segment is projected to be the faster-growing during the forecast period. Due to this, their demand in developing countries such as Brazil, India, and China is increasing as livestock bearers are very cost-conscious and the dairy farming industry is being increasingly organized.

Based on source, the milk replacers market is segmented as milk-based, non-milk-based, and blended. Milk-based replacers formed the largest segment among the sources. Milk-based replacers are most commonly used to feed livestock offspring, as their digestive systems are adapted to function on milk, and thus, these replacers are ideal alternatives for whole milk to provide essential nutrition to baby mammals. These replacers are mostly used in developed countries, including the U.S., Germany, and Spain, primarily due to high awareness about the benefits of milk-based replacers.

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The European region was accounted for the largest market for milk replacers due to the focus of the European Commission on reducing input costs and enhancing animal health in the early stages of growth. The increase in use of scientific methods of livestock rearing due to modernization of the livestock industry is fueling the demand for milk replacers in the region.

Key players such as include Cargill (US), Archer Daniel Midland (US), CHS Inc. (US), Land O'Lakes Inc. (US), and Glanbia Plc (Ireland) have a strong presence in the Americas, followed by the Asia-Pacific region. These companies are focusing on strategizing their growth plans to expand their operations in the milk replacers market.

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