Liquid Milk Replacers Market Growth, Trends, Industry Analysis and Forecast - 2023
by Mit K. SEOThe global liquid
milk replacers market size is expected to grow from USD 188 million in
2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of
5.3% during the forecast period. The major driving factors in the liquid milk
replacers market are increasing consumption of dairy products and the adoption
of precision nutrition technique.
Key Players:
• Liprovit,
BV (Netherlands)
• Calva
products LLC (US)
• PETAG
Inc. (US)
• Cargill
(US)
• Archer
Daniels Midland Company (ADM) (US)
• CHS Inc.
(US)
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The medicated type
segment is expected to grow at the higher CAGR in the global liquid milk
replacers market during the forecast period.
The liquid milk replacers market, by type, is estimated to
be dominated by the non-medicated segment. This is attributed to the fact that
infant livestock are being fed with milk replacers for the first 6-8 weeks of
their birth. Non-medicated liquid milk replacers are fed to livestock infants
for the first 1-2 weeks of their birth to protect them from diseases or certain
deficiencies. In addition, these milk replacers are low in cost, as compared to
medicated liquid milk replacers. This is one of the driving factors for the
non-medicated milk replacers segment in developing countries such as Brazil,
India, and China, where livestock bearers are price sensitive. Further, the
dairy farming industry in these countries is becoming increasingly organized
with the growing investments.
The calves segment,
by livestock, is projected to occupy the majority of the market share and grow
at the fastest rate during the forecast period.
The calves segment is projected to be the fastest-growing
segment, by livestock, during the forecast period. Proper management of calves
is a prerequisite to the success of a dairy farm. Raising healthy calves is one
of the major aspects of livestock management, in general, given their use in
dairy and meat production. The optimal level of nutrition in the early life of
animals facilitates their faster growth and early maturity. Infant calves
should be carefully reared so that they attain about 70%-75% of mature body
weight at puberty. Poor feeding could lead to a higher age of calves at first
calving and an overall reduction in their life spans.
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Europe is projected
to account for the largest market size in the liquid milk replacers market
during the forecast period.
Europe is estimated to account for the largest share of the
market. The consumption of liquid milk replacers in this region is majorly
driven by the rising demand for milk and milk products among consumers.
According to the Joint Research Center of European Commission, about 12.4% of
the entire milk production in the region is used for general consumption; with
36.1% being used for cheese production, 28.7% being used for butter, and 11.5%
for cream. This leaves about 20% of the produced milk available for young
livestock consumption, providing a huge market opportunity for milk replacers.
Milk replacers also form an important dietary input for livestock fattening
purposes, wherein they constitute the major feed products and account for a
majority of the feed cost for young livestock meant for slaughter. Milk
replacers are majorly produced in countries such as France, Germany, Italy, the
Netherlands, and Belgium; and are traded throughout the region.
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Created on Nov 25th 2020 07:46. Viewed 224 times.