Animal Milk Replacer Market Complete Company Profiling of Dominant Companies | Alltech, Arcgeo Information Systems,

The global animal milk replacer market size was US$ 4.3 billion in 2021. The global animal milk replacer market size is forecast to reach US$ 6.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2021 to 2030.

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The milk replacer comes in several forms, including dairy-based, plant-based, and others. It often comes from cow's milk and is lower in protein, calories, fat, calcium, and carbohydrates than in full milk. For maximal absorption and utilization, animal milk replacer contains digestible proteins, enhanced vitamins, and organic selenium. A young calf and other animals may establish their rumens and grow well on milk substitutes as they would on full milk. Animal milk substitutes are also helpful in lowering the risk of illness and gastrointestinal problems. They lessen the chance of illnesses being passed from cow to calf.

Factors Influencing Market Growth
The increasing awareness, wealth, huge purchasing power, and centralized nature of the animal products business drive the global market.

The rising animal nutritional products consumption boosts the global market growth.

The increasing pet humanization and growing health concerns fuel the global market growth.

The traditional methods of feeding animals may slow down the overall market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had a negative impact on the global market. The trade restrictions enacted by different countries have affected global logistics and transportation. While the market's demand for animal feed has remained fairly stable, the COVID-19 pandemic significantly negatively impacted the availability of animal milk substitutes and other goods. Export bans by countries like Romania to non-EU nations have seriously affected the supply-demand balance in the animal feed industry, leading to a lack of animal milk substitutes on the market.

Regional Analysis

North America accounted for a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising trend of pet adoption among consumers in the U.S. and a growing number of animal shelters for unclaimed animals, including puppies and kittens, drive the adoption of animal milk replacer products. Thus, this factor drives the market growth in the region.

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The Asia Pacific region is forecast to have a lucrative growth rate over the forecast period. As a result of the increasing trend of humanization of pets and growing disposable income in countries. In addition, the rising demand for quality animal products drives farmers' focus on the inclusion of nutritional ingredients in the diet of young livestock in order to provide ideal productivity evolution, which, in turn, boosts the market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global animal milk replacer market are:
Alltech
Arcgeo Information Systems
Beaphar
Cargill, Inc.
FrieslandCampina N.V.
Glanbia Plc
Hubbard Feeds Inc.
Koninklijke DSM N.V.
Liprovit BV
Manna Pro Products LLC
Other Prominent Players

Scope of the Report

The global animal milk replacer market segmentation focuses on Type, Animal Type, Form, Distribution Channel, and Region.

Segmentation based on Type
Dairy-Based
Plant-Based
Animal Based
Pre-mixed
Others

Segmentation based on Animal Type
Calf
Pig
Kitten
Puppies
Foal
Others

Segmentation based on Form
Liquid
Solid

Segmentation based on Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
E-commerce
Others

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Aim of the Report

This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market's future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players' products and the competitive landscape.
Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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