Worldwide Calf Milk Replacers Market Demand, Business Opportunity and Expected to Grow at CAGR of 6.7% During 2018 to 2023 | Asserts MRFR

“Calf Milk Replacers Market”
Calf Milk Replacers Market Research Report: by Type (Medicated and Non-Medicated), Source (Dairy Based and Non-Dairy Based), Form (Powder and Liquid) and Region (North America, Europe, Asia Pacific, and Rest of the World) – Forecast till 2023

Market Scenario:

A calf milk replacer is the primary source of food for the first few weeks of a calf’s life when they cannot digest grains or hay. Calf milk replacers are made of protein derived from milk, plasma and serum.

Attractive Benefits of Calf Milk Replacers Is Driving a Large Demand

Calf milk replacers is a convenient way of feeding ruminant calves as they are cost-effective as compared to whole cow’s milk resulting in higher growth rates. They help the young calf digest an even amount of nutrition throughout meals owing to their higher concentration of proteins, vitamins, and minerals. Calf milk replacers have less fat than whole milk, with added vitamins, proteins, and acids. They also assist calves to transit from milk replacer to calf starter feed.

Growing Awareness and Prosperity of Animal Products Industry Is Driving the Market Demand

Increasing awareness, prosperity and the consolidated nature of the animal products industry coupled with its enormous purchasing power is the prime driver of the market demand. The global rise in animal product consumption is positively influencing the growth of calf milk replacers market. Continuous R&D and new product innovations such as high protein, vitamins and fortified minerals coupled with the availability of medical and nonmedical forms is driving a tremendous market demand.

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Alternatives and Concerns over Additives and Hormones Is Expected To Hamper Market Demand

Usage of waste milk or trans-species milk as an alternative to calf milk replacers may hamper the growth of the market. Lower demand from tropical dairy farmers is another market restraint. The inclusion of hormones and additives coupled with ethical and health concerns is hampering the market growth rate.

Major Key Players:

Some of the key players profiled in the global calf milk replacers market are Land O’lakes, Inc. (U.S.), Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Frieslandcampina (The Netherlands), CHS Inc. (U.S.), Glanbia, PLC (Republic of Ireland), Lactalis Group (France) and others.

Segments:

To gain a commensurate view compared to the complexities of the market, the global calf milk replacers market is segmented based on type, source, form, and regions.

Based on the type, the market comprises of medicated milk replacer and non-medicated milk replacer. Non-medicated milk replacers hold a leading share in the market. However, medicated calf milk replacer is projected to grow at the fastest rate during the review period.

Based on the source, the market comprises of segmented into dairy based and non-dairy based. The dairy-based milk replacers are projected to be the fastest growing segment. 

Based on form, the market comprises of segmented into powder and liquid form. The powdered segment accounts for the significant market share, and the liquid segment is projected to be the fastest growing segment.

Based on regions, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa.

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Regional Analysis:

Europe accounts for the most significant share of the global calf milk replacers market followed by North America owing to the promotion of veal consumption. Europe is the largest market for animal products and has the largest dairy industry in the world. North America is led by the U.S. However; the Asia Pacific region is expected to be the fastest growing region owing to the ever-increasing dairy industry in India, China, and Pakistan. The Middle East and Africa region is expected to drive considerable market growth and is expected to be dominated by Nigeria, South Africa, Algeria, Israel, and Egypt. The Latin American regions of Paraguay, Uruguay, Argentina and Chile are lucrative regions for the market growth.

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