Milk Replacers Market 1

Milk Replacers Market Research Report: Information by Type, Livestock,

Source, Region— Global Forecast till 2023

Milk Replacers Market Research Report –

Global Forecast till 2023

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Market Highlights

Milk replacers are the nutritional formulae which are used as substitute to milk for

young livestock. The nutritional content of the milk replacers is are formulated based

on the requirement of the newborn livestock. The increasing demand for milk and

milk products have significantly driven the demand for milk replacers at the global

level. Along with this, the nutritional requirements of the animals in the early stages

are on the priority of the rearers, to increase the growth and performance of the

animals.

Based on type, The Global Milk Replacers Market Size has been segmented into

medicated and non-medicated. The non-medicated segment accounted for the

maximum market share in 2017 due to low prices and easy availability of the raw

materials. The demand for these products is high in developing countries like China,

India and Brazil as with increasing organized livestock sector and cost conscious

rearers. However, the medicated segment is expected to grow at a higher CAGR

during the forecast period owing to the growing concerns for increasing diseases

among the young livestock.

The global milk replacers market has been segregated, by livestock, into ruminant,

swine, and others. The ruminant segment is expected to dominate the global milk

replacers market during the assessment period and is projected to witness at a

higher CAGR during the forecast period. The optimal level of nutrition given to the

calves facilitate faster growth and early maturity. Rearing healthy claves is the

prerequisite of the dairy farming considering their use in dairy and meat production.

The global market for milk replacers has also been classified, by source, as milk

based, non-milk based and blended. The milk based based segment is expected to

dominate the market, however, the non-milk-based segment is expected to register

the highest CAGR during the forecast period. The milk-based replacers are

considered as ideal for the young livestock as their digestive system can easily adapt

to the function of milk. 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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Regional Analysis

Based on region, the global milk replacers market has been segmented by North

America, Europe, Asia-Pacific, and RoW. Europe is expected to dominate the global

milk replacers market owing to increased focus on precision nutrition. Moreover, the

growing focus of European Commission on health of animals in early growth stages

and use of scientific methods of livestock rearing have contributed significantly in the

high demand for milk replacers in the region. France, Germany and Italy are the

major contributing markets.

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7183

The milk replacers market in Asia-Pacific is expected to grow rapidly due to the

increasing awareness about the benefits of milk replacers, along with their cost

benefits, is fueling the demand for milk replacers in the region. The increasing

modernized and organized livestock farming in the region is other factor contributing

the growth in the milk replacers market during the forecast period.

Key Players

Some of the key players in the global milk replacers market are Cargill, Inc. (US),

Archer Daniels Midland Company (US), CHS Inc. (US), Land O'lakes, Inc. (US),

Glanbia, PLC (Ireland), Lactalis Group (France), Vandrie Group (The Netherlands),

Royal FrieslandCampina N.V. (The Netherlands), Nutreco N.V. (The Netherlands),

and Alltech (US)

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Milk Replacers Market 1

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