Global Milk Replacers Market Assessment 2020-2027 - Presents COVID-19 Revised Industry Trends and Projections - ResearchAndMarkets.com

DUBLIN--()--The "Milk Replacers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 6th edition of the report. The 223-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Milk Replacers Market to Reach US$4.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Milk Replacers estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 6.5% over the period 2020-2027.

Medicated, one of the segments analyzed in the report, is projected to grow at a 6.7% CAGR to reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Medicated segment is readjusted to a revised 6.4% CAGR for the next 7-year period. This segment currently accounts for a 60.9% share of the global Milk Replacers market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5.8% CAGR for the Period of 2020-2027

The Milk Replacers market in the U.S. is estimated at US$817.1 Million in the year 2020. The country currently accounts for a 29.53% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$753.9 Million in the year 2027 trailing a CAGR of 6.1% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR while Rest of European market (as defined in the study) will reach US$753.9 Million by the year 2027.

Competitors identified in this market include, among others:

  • Alltech
  • Archer Daniels Midland Company
  • Bewital Agri GmbH & Company KG
  • Cargill, Inc.
  • CHS Inc.
  • FrieslandCampina Domo
  • Glanbia PLC
  • Lactalis Group
  • Land O'Lakes, Inc.
  • Nukamel B.V.
  • Nutreco N.V.
  • Vandrie Group

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/k1kj11

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900