The global animal milk replacer market was valued at $4.6 billion in 2023, and is projected to reach $8.5 billion by 2035, registering a CAGR of 5.3% from 2024 to 2035.
Animal milk replacer refers to specialized products formulated to substitute or supplement natural milk in the diets of young or sick animals. These replacers are designed to mimic the nutritional composition of mother's milk, providing essential nutrients such as proteins, fats, vitamins, and minerals crucial for the growth and development of the animal. They are commonly used in situations where natural milk is unavailable, inadequate, or unsuitable for the intended animal recipient. Animal milk replacers are meticulously formulated to meet the specific nutritional requirements of different species and age groups, ensuring optimal health, growth, and vitality in the absence of natural lactation. The adoption of precision nutrition techniques in livestock farming has significantly surged the demand for the animal milk replacer market. Precision nutrition involves the precise measurement and adjustment of nutrient intake for each individual animal based on factors such as age, weight, health status, and performance goals. Precision nutrient approach enables farmers to optimize the health, growth, and productivity of their animals while minimizing waste and environmental impact. Animal milk replacers play a crucial role in precision nutrition strategies by providing a controlled and consistent source of essential nutrients tailored to the specific needs of each animal. Furthermore, precision nutrition allows farmers to customize feeding regimes to address dietary deficiencies, health issues, or specific production goals more effectively. As a result, there is a growing preference among livestock farmers to incorporate milk replacers into their feeding programs to ensure optimal nutrition for their animals, especially during critical stages such as early growth or recovery from illness. Thus, the increased adoption of precision nutrition techniques is expected to drive the demand for animal milk replacers. However, limited consumer awareness and acceptance significantly restrain market demand for animal milk replacer products. Many consumers, especially in regions with strong traditional dairy farming practices, may lack awareness of the benefits and effectiveness of milk replacers. Moreover, rooted cultural preferences for natural milk and perceptions of its superiority over substitutes hinder acceptance. Without adequate education and promotion, potential consumers may remain skeptical or unaware of the value proposition offered by milk replacers, leading to lower demand and slower market growth. Technological advancements in milk replacers have created growth opportunities in the animal milk replacer market by enhancing product efficacy, nutritional value, and palatability. Advanced processing techniques, such as spray drying and microencapsulation, enable the production of milk replacers with improved stability, solubility, and shelf life, thereby extending their availability and facilitating easier storage and transportation. Furthermore, advancements in formulation technologies allow for the customization of milk replacers to meet the specific nutritional needs of different animal species and age groups, addressing diverse dietary requirements more effectively. In addition, advancements in quality control and assurance methodologies ensure the safety and purity of milk replacer products, encouraging confidence in consumers and facilitating market penetration. Some of the key players operating in the animal milk replacer market include Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco. Several well-known and up-and-coming brands are vying for market dominance in the expanding animal milk replacer industry. Smaller, niche firms have become more well-known for catering to particular consumer demands and tastes. Large conglomerates, however, still control the majority of the market and frequently buy creative start-ups to broaden their product lines.
Animal milk replacer refers to specialized products formulated to substitute or supplement natural milk in the diets of young or sick animals. These replacers are designed to mimic the nutritional composition of mother's milk, providing essential nutrients such as proteins, fats, vitamins, and minerals crucial for the growth and development of the animal. They are commonly used in situations where natural milk is unavailable, inadequate, or unsuitable for the intended animal recipient. Animal milk replacers are meticulously formulated to meet the specific nutritional requirements of different species and age groups, ensuring optimal health, growth, and vitality in the absence of natural lactation. The adoption of precision nutrition techniques in livestock farming has significantly surged the demand for the animal milk replacer market. Precision nutrition involves the precise measurement and adjustment of nutrient intake for each individual animal based on factors such as age, weight, health status, and performance goals. Precision nutrient approach enables farmers to optimize the health, growth, and productivity of their animals while minimizing waste and environmental impact. Animal milk replacers play a crucial role in precision nutrition strategies by providing a controlled and consistent source of essential nutrients tailored to the specific needs of each animal. Furthermore, precision nutrition allows farmers to customize feeding regimes to address dietary deficiencies, health issues, or specific production goals more effectively. As a result, there is a growing preference among livestock farmers to incorporate milk replacers into their feeding programs to ensure optimal nutrition for their animals, especially during critical stages such as early growth or recovery from illness. Thus, the increased adoption of precision nutrition techniques is expected to drive the demand for animal milk replacers. However, limited consumer awareness and acceptance significantly restrain market demand for animal milk replacer products. Many consumers, especially in regions with strong traditional dairy farming practices, may lack awareness of the benefits and effectiveness of milk replacers. Moreover, rooted cultural preferences for natural milk and perceptions of its superiority over substitutes hinder acceptance. Without adequate education and promotion, potential consumers may remain skeptical or unaware of the value proposition offered by milk replacers, leading to lower demand and slower market growth. Technological advancements in milk replacers have created growth opportunities in the animal milk replacer market by enhancing product efficacy, nutritional value, and palatability. Advanced processing techniques, such as spray drying and microencapsulation, enable the production of milk replacers with improved stability, solubility, and shelf life, thereby extending their availability and facilitating easier storage and transportation. Furthermore, advancements in formulation technologies allow for the customization of milk replacers to meet the specific nutritional needs of different animal species and age groups, addressing diverse dietary requirements more effectively. In addition, advancements in quality control and assurance methodologies ensure the safety and purity of milk replacer products, encouraging confidence in consumers and facilitating market penetration. Some of the key players operating in the animal milk replacer market include Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco. Several well-known and up-and-coming brands are vying for market dominance in the expanding animal milk replacer industry. Smaller, niche firms have become more well-known for catering to particular consumer demands and tastes. Large conglomerates, however, still control the majority of the market and frequently buy creative start-ups to broaden their product lines.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the animal milk replacer market analysis from 2023 to 2035 to identify the prevailing animal milk replacer market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the animal milk replacer market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global animal milk replacer market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Dairy Based
- Plant Based
- Animal Based
- Pre-mixed
- Others
By Animal Type
- Small Animal
- Calf
- Pig
- Kitten
- Puppies
- Foal
- Others
By Form
- Liquid
- Solid
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- E-commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Italy
- Spain
- Germany
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of Latin America
- Middle East and Africa
- Gcc
- South Africa
- Rest of Middle East And Africa
- Alltech
- Beaphar
- Cargill, Incorporated
- Royal FrieslandCampina N.V.
- Koninklijke DSM N.V.
- Liprovit B.V.
- MANNA PRO PRODUCTS, LLC
- Nutreco- Glanbia PLC
- Hubbard Feeds Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANIMAL MILK REPLACER MARKET, BY TYPE
CHAPTER 5: ANIMAL MILK REPLACER MARKET, BY ANIMAL TYPE
CHAPTER 6: ANIMAL MILK REPLACER MARKET, BY FORM
CHAPTER 7: ANIMAL MILK REPLACER MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: ANIMAL MILK REPLACER MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Animal Milk Replacer Market by Type, Animal Type, Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global animal milk replacer market was valued at $4.1 billion in 2020, and is estimated to reach $6.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.The bovine feed industry is rapidly expanding as milk producers begin to replace traditional cattle and domestic animal feed with nutritionally balanced compound feed and milk replacers, realizing the practical benefits of nutritional feed in terms of yield enhancement. Cattle output in the Asia-Pacific area has grown faster than any other agricultural sub-sector, owing mostly to rapid expansion of the pig, calf, and livestock sectors. The livestock business is the single most important component of agricultural growth. Livestock products account for almost 40% of the overall agricultural output in worldwide markets. Consumption of animal byproducts has grown as a result of animal population expansion and rise in spending power of the people. This is projected to drive the animal milk replacer business forward. Agriculture's industrialization significantly altered food production methods around the world. The commercial animal sector is quickly industrializing, particularly in developing or emerging nations, where the majority of the rise in milk and meat output is expected. This aspect is predicted to propel the animal milk replacer industry in the future years. In the past, livestock agriculture and cow/calf feed production faced several changes and obstacles. However, in recent years, the emphasis has been mostly on increasing production and efficiency. These targeted measures resulted in fundamental changes in the cattle-producing industry. These reasons contribute to the need for milk replacers in cattle development and their nutrition. Animal milk replacer market trends such as pet humanization and increasing concerns of their health are supporting the market growth. Animal milk replacer market demand is expected to grow rapidly in Asia-Pacific and LAMEA owing to the increased animal adoption for agricultural purposes.
Milk replacer is available in several formats such as dairy based milk replacer, plant based replacer, and others. Generally, it is produced from bovine milk and has less protein, calories, fat, calcium, phosphorus, and carbs than whole milk.Lactose levels in pure bovine milk are greater than in canine or feline milk, which can induce diarrhea in pups and kittens, if fed directly. Milk replacer is less costly than complete cow's milk, resulting in better animal milk replacer market growth rates. Manufacturers are spending on research and innovation to create solutions that will promote gut health and increase immunity. Animal milk replacer contains digestible proteins, enriched vitamins, and organic selenium for maximum absorption and utilization. A young calf and other animals may grow well on milk replacer and develop their rumens just as well as they would on full milk. Animal milk replacers are also beneficial in reducing the risk of stomach disturbances and illness. They also minimize the possibility of transmission of diseases from cow to calf. Calf milk replacers work well in automated calf feeding systems. The key driver for the expanding animal milk replacer market size is rising awareness, wealth, vast purchasing power, and the centralized character of the animal products business. Increase in animal nutritional products consumption is favorably affecting the growth of the global animal milk replacer industry. The animal milk replacer market is segmented on the basis of type, animal type, form, distribution channel, and region. On the basis of type, the market is categorized into dairy based, plant based, animal based, pre-mixed, and others. On the basis of animal type, it is segregated into small animals, calf, pig, kitten, puppies, foal, and others. On the basis of form, it is segregated into liquid and solid. On the basis of distribution channel, it is divided into supermarkets & hypermarkets, specialty stores, convenience stores, e-commerce, and others.
On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Rest of LAMEA). The players operating in the global animal milk replacer market have adopted various developmental strategies to expand their animal milk replacer market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Glanbia Plc, and Hubbard Feeds Inc., Lactalis, Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco.
The animal milk replacer market is segmented on the basis of type, animal type, form, distribution channel, and region. On the basis of type, the animal milk replacer market size is categorized into dairy based, plant based, animal based, pre-mixed, and others. On the basis of animal type, it is segregated into small animals, calf, pig, kitten, puppies, foal, and others. On the basis of form, it is segregated into liquid and solid. On the basis of distribution channel, it is divided into supermarkets & hypermarkets, specialty stores, convenience stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Rest of LAMEA).
Key Findings of the Study
- On the basis of type, the plant-based segment is projected to witness the highest CAGR of 6.0%, in revenue terms, during the forecast period.
· On the basis of form, the solid segment is projected to witness the highest CAGR, in revenue terms, during the forecast period.
· On the basis of distribution channels, the hypermarkets/supermarkets segment is expected to grow at a significant CAGR during the forecast period.
· On the basis of region, Asia-Pacific was the largest country, in terms of revenue generation for the animal milk replacer market in 2020.
· On the basis of region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 6.0% from 2021 to 2030.
Companies Mentioned
Key Market Players in the Animal Milk Replacer Market include:- Alltech
- Beaphar
- Cargill
- Incorporated
- Royal FrieslandCampina N.V.
- Koninklijke DSM N.V.
- Liprovit B.V.
- MANNA PRO PRODUCTS LLC
- Nutreco
- Glanbia PLC
- Hubbard Feeds Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 289 |
| Published | April 2024 |
| Forecast Period | 2023 - 2035 |
| Estimated Market Value ( USD | $ 4.6 billion |
| Forecasted Market Value ( USD | $ 8.5 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
