DUBLIN--(BUSINESS WIRE)--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:
- 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