DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Milk Replacers Market by Type (Medicated, and Non-Medicated), Livestock (Ruminants, and Swine), Source (Milk-based, Non milk-based, and Blended), Form (Powdered, and Liquid), and Region - Global Forecast to 2022" report to their offering.
The global 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 market has been gaining importance due to the increase in the prices of milk, adoption of precision nutrition techniques, concerns about mortality and health-related aspects. Factors such as high input cost of milk replacer protein and usage of waste or trans-species milk as an alternative have been restraining the growth of the market.
"Ruminants segment is projected to be profitable in the milk replacers market"In the global market, the ruminants segment is projected to be the fastest-growing from 2017 to 2022. Raising healthy calves is one of the major aspects for livestock in general and ruminants in particular, given their use for dairy and meat production. The growth in demand for milk replacers for these livestock segments has been attributed to the increase in commercialization of dairy farms and increased demand for milk for human consumption.
In the global market, the powder milk replacers segment is projected to be the fastest-growing from 2017 to 2022. The ease of handling, transportation, storage, and usage is driving the demand for the powdered milk replacers. Also, these milk replacers are more cost-effective, as against the liquid milk replacers, rendering them affordable; this also has a significant impact on the demand for the products.
- Extensive R&D to Drive Sustainable Development
- Increasing Awareness Regarding Product Potential
- Rising Milk Consumption
- Adoption of Precision Nutrition Technique
- High Input Costs of Milk Replacer Proteins
- Usage of Waste Or Trans-Species Milk as Alternatives
- Promotion of Veal Consumption in the EU
- Increasing Demand From Emerging Markets
- Inclusion of Antibiotics Remains A Matter of Concern
- Environmental and Health Concerns
- Archer Daniels Midland Company
- Bewital Agri GmbH & Company Kg
- CHS Inc.
- Glanbia, PLC
- Lactalis Group
- Land O'lakes, Inc.
- Nukamel B.V.
- Nutreco N.V.
- Vandrie Group
For more information about this report visit http://www.researchandmarkets.com/research/j6tf3d/milk_replacers