The MRFR report suggests that the global milk replacers market is likely to record substantial growth over the timeframe ending in 2027.
Milk replacers available across the market comprise non-medicated and medicated. Milk replacers are usually utilized across commercial livestock farming as a milk replacement for young livestock. The products are known to offer several medicinal and nutritional benefits. The global market for milk replacers has witnessed massive growth in recent years. The increasing awareness is primarily driving the growth of the milk replacers market among the consumers for these products. Furthermore, the growth of organized livestock farming in nations such as Brazil, China, and India is causing an upsurge in the growth of the milk replacers market over the forecasted period. Moreover, the factors such as the adoption of precision nutrition and increasing consumption of dairy milk and meat products are also anticipated to propel the growth of the milk replacers market.
The global milk replacers market has been split into sources, livestock, type, and region.
The milk replacers market has been fragmented into non-medicated and medicated based on type.
The milk replacers market is split into swine, ruminants, and others based on livestock.
By source, the milk replacers market has been divided into non-milk-based, milk-based, and blended.
The global milk replacers market is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world.
The MRFR reports suggest that the European region will likely lead the global milk replacers market over the forecasted era. The high focus of the European Commission is driving the regional milk replacers market's growth to enhance animal health and performance in the early stages of the lifecycle and lowering the initial cost. Italy, France, and Germany are the major European markets for milk replacers.
The North American regional milk replacers market will record substantial growth over the review timeframe. The regional market's growth is attributed to the continuous efforts made by the manufacturers in the U.S.
The milk replacers market for the Asia-Pacific region is projected to exhibit the highest CAGR during the review timeframe, with India and China being the major market growth contributors. Furthermore, the regional market's growth is attributed to the increased health consciousness, growing demand for high-quality animal products and rise in urbanization are also projected to catalyze the growth of the regional milk replacers market over the forecasted era.
The global Key milk replacers market Players has an intensely competitive landscape with a wide number of players spread worldwide. The players in the global market are adopting several new strategies such as mergers, partnerships, acquisitions, etc., to grow their global market footprint. Leading players are making heavy investments in research & development activities to launch innovative products to the market. The list of prominent players across the global milk replacers market includes Archer Daniels Midland Company (U.S.), Land O'lakes, Inc. (U.S.), Lactalis Group (France), Royal FrieslandCampina N.V. (The Netherlands), Alltech (U.S.), CHS Inc. (U.S.), Nutreco N.V. (The Netherlands), Vandrie Group (The Netherlands), Glanbia, PLC (Ireland), Cargill, Inc. (U.S.), and several others.
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