Global Liquid Milk Replacers Market by Type (Medicated, Non-Medicated), Livestock (Calves, Piglets, Kittens, Puppies, Foals, Kids & Lambs),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global liquid milk replacers market is expected to grow from USD 171.2 Million in 2017 to USD 302.7 Million by 2025 at a CAGR of 7.4% during the forecast period from 2018-2025. Growing awareness of the micro and macro nutrients such as vitamins, minerals, proteins, and fats and increasing use of dairy productsare the two factors aiding the growth of this market.
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The medicated segment dominated the market with the highest share of 59.80% in 2017
The type segment is classified into medicated and non-medicated. The medicated segment dominated the market in 2017. Medicated liquid milk replacers offer various health benefits and increase the performance of infant livestock. They are mainly provided to infant livestock that has physical and nutritional deficiencies, weaknesses, or diseases; and requires an enhanced nutritional diet.
Calves segment valued around USD 79.26 Million in 2017
The livestock segment is segmented intocalves, piglets and others. Calves dominated the market in 2017. Calves are born with only the abomasum, i.e., the fourth stomach functioning; and their digestion is only dependent on the enzymes existing in the abomasum. For this reason, infant animals are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity toward diseases. Liquid milk replacers for calves are nutritious concentrate mixes and contain nutrients such as protein, fats, vitamins, and minerals in the optimum required ratio to ensure optimal growth.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheEuroperegion is dominating the market with the highest share of 40.10%in 2017 because of the high consumption of liquid milk replacers in the region. Also, the increasing focus of the European Commission on health and nutrition of animals during their early growth stages is also leading to the growth of the market.
The major players of market include Liprovit, Calva products LLC, Archer Daniels Midland Company, Land O’Lakes Inc., Nutreco N.V., BV (Netherlands), PETAG Inc., Cargill Incorporated, CHS Inc., GlanbiaPlc, CHS Inc., Lactalis Group.For instance, in January 2016, Cargill opened a new animal nutrition technology application center in Izmir, Turkey. This center demonstrates the performance of Provimi’s calf milk replacers in the local environment to its customers.
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