According to Data Bridge Market Research new Market report, global liquid milk replacers market will account to reach an estimated USD of 188 million in 2018 growing at a CAGR of 5.10% during the forecast period of 2019 to 2026.
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Liquid milk replacers are given to the young animals when their mothers are not available; as they have same nutritional value like mother’s milk. They are usually made of four components i.e. protein, fat, lactose and ash. These milk replacer are usually low in fiber and in cost than the milk proteins.
Global liquid milk replacers market is segmented on the basis of type, livestock and geography.
By Type (Medicated and Non-Medicated), Livestock (Calves, Piglets, Kittens, Puppies, Foals, Kids & Lambs), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN LIQUID MILK REPLACERS MARKET
Increasing consumption of dairy products
This data shows the share of dairy products expenditure of U.S. households in 2017. Fresh milk and cream expenditure of U.S. households captured a share of 32.67 percent of total dairy expenditure in 2017. The total spending on dairy products of U.S. households amounted to 450 U.S. dollars.
Few of the major competitors currently working in the Liquid Milk Replacers Market are Liprovit, BV, Calva products LLC, PETAG Inc., Cargill, Archer Daniels Midland Company (ADM), CHS Inc., Land O’Lakes Inc., Glanbia Plc, Nutreco N.V., and Lactalis Group among others
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