Global Liquid Milk Replacers Market, 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) – Industry Trends and Forecast to 2026
Market Analysis: Global Liquid Milk Replacers Market
Global liquid milk replacers market is expected to rise from its initial estimated value of USD 188.00 million in 2018 to an estimated value of USD 279.88 million by 2026, registering a CAGR of 5.10% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising consumption of dairy products.
Market Definition: Global Liquid Milk Replacers Market
Milk Replacers are defined as the liquid nutrition having nutritional qualities comparable to mother's milk that is given to young animals and infants when mother's milk is not available. Milk replacers are made with four major components: protein, fat, lactose and ash.
- Rising consumption of dairy products is expected to drive the market growth
- Adoption of precision nutrition techniques is also expected to drive the market growth
- Logistical and preservation advantages associated with powdered milk replacers is expected to restrain the market growth
- Lack of awareness leading to distributional hindrances is also expected to restrain the market growth
Segmentation: Global Liquid Milk Replacers Market
- By Type
- By Livestock
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In January 2016, Cargill opened a new animal nutrition technology application center in Izmir, Turkey. This center demonstrates the performance of Provimi’s calf milk replacers in the local environment to its customers.
- In April 2016, Trouw Nutrition(Netherlands), a subsidiary of Nutreco, opened a new Calf & Beef Research Facility close to Boxmeer to meet the demand for milk replacers in animal nutrition applications.
Competitive Analysis: Global Liquid Milk Replacers Market
Global liquid milk replacers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid milk replacers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Liquid Milk Replacers Market
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
Research Methodology: Global Liquid Milk Replacers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure