PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171506
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1171506
The global milk replacers market is anticipated to grow at a CAGR of 5.54% during the forecast period to reach a market value of US$4,691.887 million by 2027, from US$3,217.168 million in 2020.
Milk replacers are substitutes for cattle milk or animal milk and are fed to young animals when animal milk is not available or feasible to feed. Milk replacers are made with four basic components protein, fat, lactose, and ash, and are an essential component of an animal's daily diet during the early stages. Also, it is called the second feeding stage in a young animal.
Market Overview
Milk replacers are made using a variety of different materials and mimic the properties and nutritional values of animal milk. They are generally two basic types which are medicated and non-medicated milk replacers. Medicated milk replacers are milk replacers that have some amount of antibiotics added to them whereas non-medicated milk replacers have no antibiotics added to them. There are several major ingredients in a milk replacer which are crude protein, crude fat, and vitamins. Crude proteins are necessary for promoting muscle or structure growth. Protein levels typically range from 18%-30%, Crude fat is an essential major energy source for our calves and provides essential fatty acids. Fat levels range from 10-28% and vitamins A, D, and E are necessary for growth and health.
The growing demand for proper animal nutrition and the rising animal population are the key factors that are positively impacting the milk replacers market growth.
Many countries in the world are pushing for better quality produce and overall health of the animals but improper nutrition of animals results in their poor overall health, as well as poor quality, produce. So, to ensure the proper growth and health of animals, milk replacers are increasingly being used.
Owing to maintaining health standards and a well-balanced diet, there are some key players with a diverse range of such products.
For example, a company MannaPro, headquartered in the US, sells some products such as UniMilk and Collustrum Supplement. UniMilk provides high-quality proteins that are necessary for optimum growth and also help with good digestion and it is available for some species like calves, goat kids, foals, and baby pigs. Similarly, Collustrum Supplement is enriched with vitamins and minerals and provides good gut health to different animals such as calves, foals, baby pigs, llamas, lambs, and alpacas. Some changes are being brought about in the use of medical milk replacements which as that medicated milk replacers containing a combination of the drug neomycin sulfate (brand name Neomycin) and oxytetracycline (brand name Terramycin) can no longer be used in a 2:1 dosage ratio in milk replacer. A 1:1 concentration now is required.
Another company Nutreco NV's subsidiary Trouw Nutrition International acquired a 51% share in a turkey company Interekim to supply animal milk replacers. Thus, the market is expected to grow at a modest rate owing to the fact that proper nutrition is required by these animals, and the burgeoning demand for quality products among the population is set to augment the milk replacers market growth in the upcoming years. This coupled with continued demand for meat is further going to bolster the milk replacers' demand. But due to the cattle breeding and dairy market being unorganized a significant portion of the milk replacers market goes unaddressed thus restricting the market.
By Type
On the basis of type, the global milk replacers market is segmented as medicated and non-medicated medicated milk replacers are preferred more as they are more effective in dealing with animal health due to the fact that they have antibiotics added to them which ensures no disease is caught by the animals as well as they receive optimum nutrition., so they hold a significant amount of share in the market whereas non-medicated are cost-effective and are given to calves or animals who are healthy.
By Form
On the basis of form, the market can be segmented into liquid and powder. The powder-based milk replacers are more easily mixable, and have a better shelf life and composition, due to which they are a more widely used form of milk replacers.
By Livestock
By livestock, the global milk replacers market is segmented into calves, piglets, kittens, puppies, foals, and lambs. Calves hold a significant amount of share in the market owing to the fact that most calves are fed with milk replacers more than other animals.
By Geography
By geography, the global milk replacers market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific holds a good amount of share in the market. In this region, China is one of the largest producers along with a good amount of growth in countries like Japan and India. In this region, the most consumed foods are pork and poultry, so the demand for poultry is expected to increase in the countries of this region due to factors such as the increase in population.
Market Developments
Segmentation
Medicated
Non-Medicated
Liquid
Powder
Calves
Piglets
Kittens
Puppies
Foals
Lambs
North America
South America
Europe
Middle East and Africa
Asia Pacific