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Milk Replacers Market Exclusive Report on the Latest Revenue and Future Scope
The global Milk Replacers market is estimated to reach over USD 7.86 billion by 2031, exhibiting a CAGR of 8.23% during the forecast period.
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The animal milk substitute market is experiencing rapid growth, driven by a shift among dairy producers from conventional animal feed to nutritionally balanced compound feed. This transition stems from an increased awareness of the benefits of optimized nutrition in enhancing milk yield and overall livestock productivity. As livestock production represents a critical component of agricultural development, its growth-particularly in the Asia-Pacific region-has outpaced other agricultural sub-sectors. This surge is largely attributed to the substantial expansion of the pig, poultry, and broader livestock industries. Notably, livestock products currently account for approximately 40% of global agricultural output.
Calf milk replacers, categorized within livestock products, present a significant opportunity for innovation in the animal milk substitute market. These replacers offer a cost-effective alternative to natural milk and are widely used to nourish young animals. Formulated to match the nutritional profile of maternal milk, these substitutes may also be fortified with additional vitamins and minerals to address specific dietary needs across various animal species. The practicality and economic advantages of using milk replacers are expected to contribute positively to market growth in the coming years.
List of Prominent Players in the Milk Replacers Market:
• Alltech (US)
• Archer Daniels Midland Company (US)
• BEWITAL agri GmbH & Co. KG
• Cargill, Inc. (US)
• CHS Inc. (US)
• FrieslandCampina Ingredients
• Glanbia, PLC (Ireland)
• Hi-Pro Feeds
• Kent Nutrition Group
• Lactalis Group (France)
• Land O'lakes Inc. (US)
• Liprovit BV
• Manna Pro Products LLC.
• Nukamel
• Nutreco N.V. (The Netherlands)
• PBS Animal Health
• Pet-Ag Inc.
• Royal FrieslandCampina N.V. (The Netherlands)
• Vandrie Group (The Netherlands)
Market Dynamics:
Drivers-
The global animal milk replacer market is experiencing steady growth, fueled by several key factors. These include the rising demand for dairy products, heightened awareness surrounding animal health and nutrition, and increased investment by leading market players in research and development aimed at creating cost-effective and efficient milk substitute solutions. Furthermore, the growing need for nutrient-rich pet food is a significant contributor to market expansion. Milk replacers offer a practical and economical alternative for feeding young animals, particularly in cases where maternal milk is unavailable.
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Challenges:
One of the key challenges facing the milk replacer market is the ongoing adjustment to post-pandemic economic conditions. Although the market is expected to recover to pre-COVID levels and maintain a strong growth trajectory, uncertainties stemming from potential future waves of the pandemic-such as a projected third wave-pose risks to this outlook. These unpredictable developments could impact supply chains, production capacities, and consumer demand, thereby influencing market performance during the forecast period.
Regional Trends:
The Asia-Pacific region is anticipated to hold a significant share of the global milk replacer market, with a strong compound annual growth rate (CAGR) forecasted in the coming years. Market expansion in this region is being driven by ongoing infrastructure and development projects, increasing urbanization, and rising consumer demand for high-quality animal-derived products. Additionally, greater emphasis by farmers on providing young animals with nutritionally enriched feed to maximize productivity is further supporting market growth across the region.
Recent Developments:
• In 2021, a Dutch company named Denkavi purchased FrieslandCampina's animal feed section. This sector produces over 80,000 metric tonnes of animal feeds and includes milk substitute names, including Porcolac, Kalvolac, Serolat, and others.
• In 2021, the goal of AB Agri's intention to unify all business divisions under the umbrella brand "AB Neo" was to broaden its product line and market goods like Danish Milk Replacers in new areas.
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Segmentation of Milk Replacers Market-
By Type-
• Medicated
• Non-Medicated
By Livestock-
• Ruminants
• Swine
• Others
By Source-
• Milk-Based
• Non Milk-Based
• Blended
By Form-
• Powder
• Liquid
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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