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.
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
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the animal milk replacer market analysis from 2020 to 2030 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global animal milk replacer market trends, key players, market segments, application areas, and animal milk replacer market growth strategies.
Key Market Segments
By Type
- Dairy Based
- Plant Based
- Animal Based
- Pre-mixed
- Others
By Animal Type
- Small Animal
- Calf
- Pig
- Kitten
- Puppies
- Foal
- Others
By Form
- Liquid
- Solid
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- E-commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Alltech
- Arcgeo Information Systems
- Beaphar
- Cargill, Inc.
- FrieslandCampina N.V.
- Glanbia Plc
- Hubbard Feeds Inc.
- Koninklijke DSM N.V.
- Liprovit BV
- Manna Pro Products LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANIMAL MILK REPLACER MARKET, BY TYPE
CHAPTER 5: ANIMAL MILK REPLACER MARKET, BY ANIMAL TYPE
CHAPTER 6: ANIMAL MILK REPLACER MARKET, BY FORM
CHAPTER 7: ANIMAL MILK REPLACER MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: ANIMAL MILK REPLACER MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Animal Milk Replacer Market by Type, Animal Type, Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global animal milk replacer market was valued at $4.1 billion in 2020, and is estimated to reach $6.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.The bovine feed industry is rapidly expanding as milk producers begin to replace traditional cattle and domestic animal feed with nutritionally balanced compound feed and milk replacers, realizing the practical benefits of nutritional feed in terms of yield enhancement. Cattle output in the Asia-Pacific area has grown faster than any other agricultural sub-sector, owing mostly to rapid expansion of the pig, calf, and livestock sectors. The livestock business is the single most important component of agricultural growth. Livestock products account for almost 40% of the overall agricultural output in worldwide markets. Consumption of animal byproducts has grown as a result of animal population expansion and rise in spending power of the people. This is projected to drive the animal milk replacer business forward. Agriculture's industrialization significantly altered food production methods around the world. The commercial animal sector is quickly industrializing, particularly in developing or emerging nations, where the majority of the rise in milk and meat output is expected. This aspect is predicted to propel the animal milk replacer industry in the future years. In the past, livestock agriculture and cow/calf feed production faced several changes and obstacles. However, in recent years, the emphasis has been mostly on increasing production and efficiency. These targeted measures resulted in fundamental changes in the cattle-producing industry. These reasons contribute to the need for milk replacers in cattle development and their nutrition. Animal milk replacer market trends such as pet humanization and increasing concerns of their health are supporting the market growth. Animal milk replacer market demand is expected to grow rapidly in Asia-Pacific and LAMEA owing to the increased animal adoption for agricultural purposes.
Milk replacer is available in several formats such as dairy based milk replacer, plant based replacer, and others. Generally, it is produced from bovine milk and has less protein, calories, fat, calcium, phosphorus, and carbs than whole milk.Lactose levels in pure bovine milk are greater than in canine or feline milk, which can induce diarrhea in pups and kittens, if fed directly. Milk replacer is less costly than complete cow's milk, resulting in better animal milk replacer market growth rates. Manufacturers are spending on research and innovation to create solutions that will promote gut health and increase immunity. Animal milk replacer contains digestible proteins, enriched vitamins, and organic selenium for maximum absorption and utilization. A young calf and other animals may grow well on milk replacer and develop their rumens just as well as they would on full milk. Animal milk replacers are also beneficial in reducing the risk of stomach disturbances and illness. They also minimize the possibility of transmission of diseases from cow to calf. Calf milk replacers work well in automated calf feeding systems. The key driver for the expanding animal milk replacer market size is rising awareness, wealth, vast purchasing power, and the centralized character of the animal products business. Increase in animal nutritional products consumption is favorably affecting the growth of the global animal milk replacer industry. 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 animal 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.
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 animal milk replacer market size 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).
Key Findings of the Study
- On the basis of type, the plant-based segment is projected to witness the highest CAGR of 6.0%, in revenue terms, during the forecast period.
· On the basis of form, the solid segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
· On the basis of distribution channels, the hypermarkets/supermarkets segment is expected to grow at a significant CAGR during the forecast period.
· On the basis of region, Asia-Pacific was the largest country, in terms of revenue generation for the animal milk replacer market in 2020.
· On the basis of region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 6.0% from 2021 to 2030.
Companies Mentioned
- Alltech
- Arcgeo Information Systems
- Beaphar
- Cargill, Inc.
- Frieslandcampina N.V.
- Glanbia plc
- Hubbard Feeds Inc.
- Koninklijke Dsm N.V.
- Liprovit Bv
- Manna Pro Products LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 330 |
| Published | June 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 4080 million |
| Forecasted Market Value ( USD | $ 6470.6 million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
