Liquid Milk Replacers product industry Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2027
Market
Highlights
Liquid milk replacers are fed to
infant livestock prior to weaning. Players active in the global liquid milk
replacers market are expected to witness lucrative opportunities in the coming
years due to the increasing consumption of liquid milk replacers for lambs,
piglets, kids, foals, dogs, and cats. Rising concerns regarding the health of
orphan dogs, cats, and calves are expected to boost the sales of liquid milk
replacers as they are a suitable alternative to mother’s milk. However, the
high prices of medicated liquid milk replacers and lack of awareness regarding
the availability and benefits of milk replacers are expected to hamper market
growth.
The global liquid milk replacers
market has been segmented by type, livestock, and region.
Based on type, the global liquid milk
replacers product industry has
been divided into medicated and non-medicated. The non-medicated segment is
expected to garner the larger revenue share of the global market owing to the
prolonged consumption period of non-medicated liquid milk replacers. These milk
replacers are fed to calves, piglets, lambs, or any other infant livestock for
four to five weeks. Moreover, non-medicated liquid milk replacers are available
at lower costs than medicated liquid milk replacers. Thus, the non-medicated
segment is expected to garner the larger market share. However, the medicated
liquid milk replacers segment is projected to register the higher growth rate
during the forecast period owing to the importance of feeding medicated liquid
milk replacers to infant livestock in the first one to two weeks of their
birth. Medicated liquid milk replacers help in protecting infant livestock from
diseases and nutrient deficiencies.
The global liquid milk replacers
market has been classified, by livestock, as calves,
piglets, lambs, and others. The
calves segment is projected to be dominant during the review period and register
the highest growth rate owing to the surging demand for dairy products such as
milk, butter, cheese, and yogurt. Calves must attain approximately 70%–75% of
mature body weight when they reach puberty for high productivity and increased
life span. Thus, liquid milk replacers are fed to calves at dairy farms across
the globe.
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Regional
Analysis
The global liquid milk replacers market has been
segmented, on the basis of region, into North America, Europe, Asia-Pacific,
the rest of the world.
Europe is expected to gain the largest market share
during the review period owing to the rising concerns regarding animal health
in the region. The livestock industry accounts for approximately 45% of the
total agricultural contribution to the European economy annually, as per the
Animal Task Force, a European public-private platform. Countries such as
Denmark, the UK, Ireland, and Belgium are expected to contribute significantly
to regional market growth.
Key Players
Some of the key players in the global liquid milk
replacers market are CHS Inc. (US), Southern Fuel & Farm Supplies
Ltd (Ireland), Nutreco Holding N.V. (Netherlands), PetAg Inc. (US), Lactalis
American Group, Inc (US), Archer Daniels Midland Company (US), Calva Products,
LLC (US), LAND O'LAKES, INC. (US), Cargill, Incorporated (US), and Hi-Pro Feeds
LP (US).
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