PUBLISHER: Allied Market Research | PRODUCT CODE: 1140144
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140144
The global animal milk replacer market size was valued at $4,080 million in 2020, and is estimated to reach $6,470.6 million by 2030 with a CAGR of 4.9% from 2021 to 2030.
Animal milk replacers are used by the owners of animals to feed them for providing them nutritional requirements when mother's milk is unavailable. Animal milk replacers provide liquid nutrition with nutritional properties comparable to mother's milk and are provided to young domestic animals and pets such as calf, puppies, kitten, and others. Milk replacers are created from a range of materials that approximate the qualities and nutritional benefits of animal milk. Milk replacers are classified into two types: liquid replacers and solid milk replacers. These milk replacers also provide some medications, whereas non-medicated milk replacers do not contain any antibiotics and other nutrients. A milk replacer has many primary constituents, which include crude protein, crude fat, and vitamins. Milk replacers are the products that offer health advantages to new-born animals are predicted to drive its demand among pet and animal owners. Consumption of milk replacers, for instance, can aid to raise long-term growth rates in new-born animals, as well as improve milk supply and general health. The availability of supplemented milk replacers with vitamin, mineral, and fortified substitutes are projected to boost the growth of the market. The use of milk replacer minimizes the possibility of disease transmission from parent animal to newborn, which is anticipated to boost the product's use in the upcoming years. The transition from pet ownership to parenting has been a critical and defining development in the pet care business, particularly in industrialized nations. A pet is owned by one-third of all households in industrialized countries. Pet owners traditionally gave leftovers and scraps from family dinners to their pets.
However, pet owners are becoming more aware about pet food and supplements that are designed to promote the health of these animals. Furthermore, there has been a surge in pet adoption, owing to several advantages linked with them, such as increased possibilities for exercise and a decrease in stress. According to research conducted by the American Veterinary Medical Foundation (AVMF), nine out of ten Americans who own pets consider them to be members of their family. Animal milk replacer is a novel product segment in the animal food market that requires not just advertising but also a broad distribution network. The fast expansion of major retail outlets, especially supermarkets and hypermarkets, in developing nations has made animal milk replacer products more accessible since these stores assist raise sales of fortified pet food products. Supermarkets and convenience stores have become more effective distribution outlets for a variety of pet supplies. Expansion in urbanization is predicted to stimulate retail growth, which is expected to drive the demand for animal milk replacers. The animal milk replacer market is segmented on the basis of type, animal type, form, distribution channel, and region. On the basis of type, the market is categorized into dairy based, plant based, animal based, pre-mixed, and others. On the basis of animal type, it is segregated into small animals, calf, pig, kitten, puppies, foal, and others. On the basis of form, it is segregated into liquid and solid. On the basis of distribution channel, it is divided into supermarkets & hypermarkets, specialty stores, convenience stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Rest of LAMEA).
The players operating in the global animal milk replacer market have adopted various developmental strategies to expand their milk replacer market share, increase profitability, and remain competitive in the market. The key players profiled in this report include: Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Glanbia Plc, and Hubbard Feeds Inc., Lactalis, Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Animal Type
By Form
By Distribution Channel
By Region