The Global Milk Replacers market size was around USD 2.41 billion in 2016. It is expected to grow at a CAGR of 7.6% to reach USD 3.48 billion by 2021. A milk replacer is often used as a substitute to feed the progeny of animals if the mother’s milk is not available.
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Widely adoptive technique of precision nutrition, rising consumption of milk worldwide, latest technological advancements in Milk Replacers and growth/investment opportunities are some of the trends in this market. Liquid milk replacers are steadily capturing the rising demand as they are easy to digest, and provide optimum nutrition to offspring.
Primary factors driving this market include the growing milk prices, rising awareness of cost-benefits and nutritional aspects of milk replacer products, wide ranging acceptance of precision nutrition techniques, rising concerns regarding mortality and other health-related aspects, along with increase in nutritional mismatches in the initial birth stage of livestock offspring.
Growing input costs of milk replacer proteins along with availability and rising usage of waste or trans-species milk as a substitute are the primary factors hampering the growth of this market. Limitations on the range of milk replacers available for the formulators to develop have arisen due to the stringent regulatory controls imposed by the government on the use of antibiotics.
In addition, feed can’t be manufactured without government sanction.
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The global Milk Replacers market can be categorized 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.
By geography, the global Milk Replacers market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe commands the largest market share because of the European Commission’s mandate on reducing input costs and improving animal health in the early growth stages.
Asia-Pacific is the fastest growing market.
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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