About Milk Replacers
The global milk replacements market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising awareness of product among the users, growing milk consumption & rising demand for long run milk products, and growing adoption of precision nutrition technique are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Milk Replacers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alltech, Inc. (United States), ADM Animal Nutrition (United States), Bewital Agri GmbH & Company Kg (Germany), Cargill, Incorporated (United States), CHS Inc. (United States), Royal FrieslandCampina N.V. (Netherlands), Glanbia, Plc (Ireland), Hi-Pro Feeds LP (Canada), Kent Nutrition Group (United States), Lactalis Corporation (France), Land O'Lakes, Inc. (United States), Manna Pro Products LLC (United States), Milk Products LLC (United States), Nukamel Productions B.V. (Netherlands), Nutreco N.V. (Netherlands), PBS Animal Health (United States) and VanDrie Group (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Replacers market by Type (Medicated and Non-Medicated) and Region.
On the basis of geography, the market of Milk Replacers 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). If we see Market by Form, the sub-segment i.e. Powdered will boost the Milk Replacers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. E-Grocery will boost the Milk Replacers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock, the sub-segment i.e. Ruminants will boost the Milk Replacers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Milk-based will boost the Milk Replacers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Online Sales Channel
Market Growth Drivers:
Increasing Awareness Regarding Product Potential, Rising Milk Consumption & Growing Demand for Long Run Milk Products and Growing Adoption of Precision Nutrition Technique
Challenges:
Usage of Antibiotics in Milk Replacers
Restraints:
Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic and High Costs of Milk Replacer Proteins
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In January 2024, In a strategic move to bolster its global footprint, Dutch-based Denkavit Group has acquired the Volac Milk Replacer business from the UK’s Volac International Ltd. and The deal, driven by a shared vision and values between the two companies, aims to propel the Milk Replacer business to new heights.
In January 2023, Auctus has launched the newest edition to its calf milk replacer product range, meaning there are now six calf milk replacers in its current range. Opti-Skim, its latest addition, gives the farmer the option to rear their calves on a skim-based product, delivering high-quality proteins to push daily liveweight gains from the first week of life.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Generation of Demand & Supply Gap in the Market
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.