(Entertainment-NewsWire.com, June 06, 2018 ) The milk replacers market is projected to grow at a CAGR of 7.59% from 2017 to 2022, to reach a projected value of USD 3.54 Billion by 2022. The milk replacers market is driven by the rise in milk prices, increase in awareness of cost-benefits and nutritional aspects of milk replacer products, adoption of precision nutrition techniques, concerns regarding mortality and health-related aspects, and rise in nutritional mismatches in the initial birth stage of livestock offspring.
The non-medicated segment accounted for the largest share in the milk replacers market. The larger demand for non-medicated replacers has been attributed to its low prices. The medicated milk replacers segment is projected to be the fastest-growing during the forecast period.
The milk-based replacers segment is projected to be the largest and the fastest-growing market, owing to the higher nutritional value and digestibility compared to those of non milk-based products.
The powdered milk replacers segment accounted for the largest and fastest-growing in 2016. The growth of the segment is attributed to the ease of use, handling, and storage. Liquid milk replacers are slowly gaining demand as they are easy to digest, which provides optimum nutrition to offspring.
The European region accounted for the largest market share in 2016 in the milk replacers market. Asia-Pacific is projected to grow at the highest CAGR during the next five years. Strong emphasis on the organized farming practices in the livestock industries and increase in awareness about precision nutrition techniques have been the driving factors in these regions.
Factors such as high input costs of milk replacer proteins and usage of waste or trans-species milk as an alternative have been restraining the growth of the market. Regulatory control on the use of antibiotics has limited the range of milk replacers available for the formulators to develop. The sanction of government authorities is required for the manufacturing of feed.
Although the milk replacers market is a fragmented market, it has been turning into a dominant field of a large number of domestic manufacturers and suppliers. The key strategies adopted by the key companies are investments, acquisitions, and expansions for increasing their presence in high-demand markets of Asia-Pacific. Strategic acquisitions of regional players have helped the company in consolidation of their portfolios of approved products and active ingredients in both, developed and developing markets. Key players in the market including Cargill (U.S.), Archer Daniels Midland Company (U.S.), CHS Inc. (U.S.), Land O’ Lakes (U.S.), and Lactalis Group (France). Other significant players include Glanbia, Plc (Ireland), VanDrie Group (Netherlands), FrieslandCampina (Netherlands), Nutreco N.V. (Netherlands), and Alltech (U.S.) collectively accounted for the largest share of the milk replacers market.
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