Market Snapshot:
Dairy Replacer is a nutrition product with almost same nutritional aspects as mother’s milk fed to young animals, when their mother’s milk is unavailable. They are comprised of ingredients which makes it easy for digestion for young animals. The most common ingredients are considered the by-products of the production process to make cheese or butter. This dairy replacers are present in the market in both medicated and non-medicated types. And are available in both powder as well as liquid format. Growth of the dairy industry, increase in milk prices and the increasing consciousness about the health benefits associated with this products has led to the growth of the dairy replacer market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniel Midland (United States), Cargill Inc. (United States), Land O’Lakes Inc. (United States), Glanbia Plc (Ireland), CHS Inc. (United States), Kent Nutrition Group (United States), Lactalis Group (France), Nutreco N.V. (Netherlands), Milk Products LLC (United States) and Calva Products LLC (United States) |
Segment Analysis
AMA Research have segmented the market of Global Dairy Replacer market by Type, Application and Region.
On the basis of geography, the market of Dairy Replacer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Trend
Non-Medicated Segment Accounted for Larger Market Share
Market Drivers
Increase in Milk Prices, Growth of the Dairy Industry and Rising Demand because of Growing Consciousness about the Benefits of Nutritional Aspects
Opportunities
Developing Market is expected to Present Huge Opportunities
Restraints
- Presence of Adulterated and Contaminated Products in Market
In addition to the aforementioned factor, Increase in Milk Prices
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
The key Vendors profiled in the study are Archer Daniel Midland (United States), Cargill Inc. (United States), Land O’Lakes Inc. (United States), Glanbia Plc (Ireland), CHS Inc. (United States), Kent Nutrition Group (United States), Lactalis Group (France), Nutreco N.V. (Netherlands), Milk Products LLC (United States) and Calva Products LLC (United States).