Milk Replacers Market Size, Share, Growth Report 2030

Milk Replacers Market

Milk Replacers Market Size – By Type (Medicated and Non-Medicated), By Livestock (Ruminants and Swine), By Source (Milk-Based, Blended, and Non Milk-Based), By Form (Liquid and Powdered), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-6223 Published Date: May-2021 Status : Published

The global Milk Replacers Market Size Was Worth 2.5 (USD Billion) in 2019 and Is Expected To Reach USD 6.1 (USD Billion) by 2026, CAGR of 7.9%.

Milk Replacers Market: Industry Perspective

The global Milk Replacers market Size, which was estimated at about 2.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 6.1 (USD Billion) by 2026, is set to record a CAGR of nearly 7.9% during 2020-2026. The report offers a valuation and analysis of the Milk Replacers market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

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Milk Replacers Market: Overview

Milk replacers are manufactured by making use of many of the raw materials and these products mimic the high nutritive values of milk of the cattle. They are then fed to calves when milk in its natural form is unavailable. Apart from this, the product plays a major role in improving calf health and prevents the rate of malnourishment as well as malnutrition in calves. Furthermore, with reduced raw material costs, these products will add to the profits of cattle owners and will drive market trends. Milk replacers help the calves to absorb a large number of nutrients in their digestive system the without affecting it.

Milk Replacers Market: Dynamics

Escalating awareness pertaining to benefits accrued from the use of milk substitutes will increment market size over the span of the next few years. In addition to this, milk replacers have lesser fat contents in comparison to other forms of milk and this will enhance product penetration across the globe in the next couple of years. Apparently, milk replacers possess a large proportion of mineral constituents and vitamins. Furthermore, neonatal cattle are unable to digest soybean or corn and hence milk replacers are the best alternatives for it. Additionally, these products are cost-efficient and this will drive the business growth. The surge in the incidences of nutritive mismatches during the initial phase of birth of cattle offspring will further contribute to industry expansion in the years ahead.

Moreover, acceptance of precision nutrition methods coupled with rising in the mortality of animal calves will help in building a profitable growth trajectory for the milk replacers market. In addition to this, the surge in milk costs will further enhance the product demand, thereby bolstering the business across the globe.

Milk Replacers Market Report Scope:

Report Attributes Report Details
Report Name Milk Replacers Market Research Report
Market Size in 2019 USD 2.5 Billion
Market Forecast in 2026 USD 6.1 Billion
Compound Annual Growth Rate CAGR of 7.9%
Number of Pages 150
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered CHS Inc., Cargill, Land O’Lakes Inc., Archer Daniel Midland, and Glanbia Plc.
Segments Covered By Livestock, By Type, By Source, By Form, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Asia Pacific Market To Record Fastest Growth Over 2020-2026

The expansion of the Milk Replacers market in the Asia Pacific zone over the forecast timeline is attributed to rising in the need for high-quality livestock for milk and meat. Apart from this, including nutritive ingredients in the diet of calves will further drive regional market growth. In addition to this, the upswing in urbanization across the region will upsurge the industry revenue across the region over the upcoming years. Cost benefits accrued due to the use of milk replacers will create lucrative growth avenues for the industry in the sub-continent over the years ahead.

Key Market Players & Competitive Landscape

Key market players profiled in the report are

  • CHS Inc.
  • Cargill
  • Land O’Lakes Inc.
  • Archer Daniel Midland
  • Glanbia Plc.

The global Milk Replacers Market is segmented as follows:

By Livestock

  • Ruminants
  • Swine

By Type

  • Medicated
  • Non-Medicated

By Source

  • Milk-Based
  • Blended
  • Non-Milk-Based

By Form

  • Liquid
  • Powdered

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating awareness pertaining to benefits accrued from use of milk substitutes will increment market size over the span of next few years. In addition to this, milk replacers have lesser fat contents in comparison to other forms of milk and this will enhance the product penetration across the globe in the next couple of years. Apparently, milk replacers possess large proportion of mineral constituents and vitamins. Furthermore, neonatal cattle are unable to digest soybean or corn and hence milk replacers are best alternatives for it.  Additionally, these products are cost-efficient and this will drive the business growth. Surge in the incidences of nutritive mismatches during initial phase of birth of cattle offspring will further contribute towards industry expansion in the years ahead.

According to Zion market research report, the global Milk Replacers market, which was estimated at about 2.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 6.1 (USD Billion) by 2026, is set to record a CAGR of nearly over 7.9% during 2020-2026.

Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to rise in the need for high quality livestock for milk and meat. Apart from this, including of nutritive ingredients in diet of calves will further drive the regional market growth. In addition to this, upswing in the urbanization across the region will upsurge the industry revenue across the region over the upcoming years. Cost benefits accrued due to use of milk replacers will create lucrative growth avenues for the industry in the sub-continent over the years ahead.

The key market participants include CHS Inc., Cargill, Land O’Lakes Inc., Archer Daniel Midland, and Glanbia Plc.

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