Asia-Pacific Milk Replacers Market By Type (Medicated, And Non-Medicated), Livestock (Ruminants, And Swine), Source (Milk-based, Non-milk-based, And Blended), Form (Powdered, And Liquid), And Region And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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The Asia Pacific Milk Replacers market size was approximately USD 480 million in 2016. It is estimated to grow at a CAGR of 8% to cross USD 710 million by 2021.
It captures 20% of the global market share.
A milk replacer is commonly utilized as an alternative to feed the offspring of animals if the mother’s milk is not available.
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Widely popular technique of precision nutrition, growing consumption of milk worldwide, cutting edge technological advancements in Milk Replacers and growth/investment opportunities are few of the trends in this market.
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Liquid milk replacers are capturing the growing demand as they are quite easy to digest, and provide nutrition to offspring needed in the right amount.
Major factors fuelling this market include the growing milk prices, increasing awareness of cost-benefits and nutritional aspects of milk replacer products, very wide ranging acceptance of precise nutrition techniques, growing concerns for the mortality and sundry health-related aspects, as well as an increase in nutritional mismatches in the early birth stage of livestock offspring.
Increasing input costs of milk replacer proteins coupled with availability and increasing utilization of waste or trans-species milk as an alternative are the primary factors hampering the development of this market. Many limitations on the range of milk replacers available to the formulators to undertake the development have arisen due to the strict regulatory controls imposed by the government on the usage of antibiotics.
Further, feed cannot be manufactured without government sanction.
The Asia-Pacific Milk Replacers market can be segmented into four categories: by type, by livestock, by source and by form. On the basis of type, Milk Replacers market is classified into medicated and non-medicated.
Non-medicated accounts for the largest share. It is because of its degenerate prices.
On the other hand, medicated is the fastest growing segment. If we go by livestock, Milk Replacers market is segmented into ruminants, swine, and others which include equine and pets.
Further, on the basis of source the market can be categorized into milk based, non-milk based and blended. Milk based are the ideal since the digestive system of the progeny is genetically designed to function on milk which maximises nutrition absorption from the milk based replacers.
Last but not the least comes the segmentation on the basis of form which comprises powder and liquid. In 2016, powder milk replacers segment was the largest and fastest growing segment because of ease of use, handling, and storage.
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By geography, the Asia-Pacific Milk Replacers market has been segregated into China, India, Japan, South Korea, and Australia. Asia-Pacific is the rapidly developing market.
It is the third largest market globally. Rising demand in India and China is due to the fact that the livestock bearers are getting cost-conscious and the market is getting better organized.
Following are the major players in the market Cargill (U.S.), Archer Daniels Midland Company (U.S.), CHS Inc. (U.S.), Land O’ Lakes (U.S.), and Lactalis Group (France), Glanbia, Plc (Ireland), VanDrie Group (Netherlands), FrieslandCampina (Netherlands), Nutreco N.V.
(Netherlands), and Alltech (U.S.).
Market Segmentation :
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Scope of the Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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