According to the report, the global liquid milk replacer market was around USD 189 million in 2018 and is expected to reach approximately USD 244 million by 2025, at a CAGR of around 5.2% between 2019 and 2025.
New York, NY, May 10, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Liquid Milk Replacer Market By Product Type (Non-Medicated and Medicated) and By Livestock (Foals, Piglets, Calves, Puppies, Kittens, and Kids & Lambs): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global liquid milk replacer market was around USD 189 million in 2018 and is expected to reach approximately USD 244 million by 2025, at a CAGR of around 5.2% between 2019 and 2025.
Dry milk powder is the most commonly used replacement for liquid milk, which fulfills the nutritional requirements in a more accurate form. This dry milk powder is most commonly used as a milk substitute, which is made by mixing water and milk. Primarily, this replacement method is mostly useful for feeding calves. The global liquid milk replacer market is likely to grow notably in the future, as it is a high-quality milk replacer that allows calf growth. The most common use of milk replacer is providing nutrition for infant growth. The price difference between whole milk and liquid milk replacer depends on nutrition quality, ingredient, and manufacturing process. Major factors like rising consumption of dairy products and the adoption of precision nutrition techniques are driving the growth of the global liquid milk replacer market. Huge investments made in the research and development activities by leading players from developed regions are estimated to further the global liquid milk replacer market in the future. The increasing global demand for healthy dairy products is another factor fueling this market. However, various government restrictions on consumer safety, volatility in raw material prices, and high cost of encapsulation technologies leading to an increased final product cost may hinder the growth of the liquid milk replacer market globally.
Browse through 37 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Liquid Milk Replacers Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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By product type, the global liquid milk replacer market is fragmented into non-medicated and medicated liquid milk replacers. The medicated segment is predicted to account for a significant share of the global market in the years ahead. Improved health of infants and various health benefits are driving the medicated liquid milk replacer segment growth.
On the basis of livestock, the global liquid milk replacer market is classified into kittens, calves, piglets, foals, kids and lambs, and puppies. The calves segment accounted for a dominant share in the global market in 2018 and is anticipated to show a significant growth rate over the forecast time period, as early life nutrition provided to calves facilitates their faster growth, whereas poor feed can be harmful to their growth.
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By geography, the global liquid milk replacer market finds its market scope in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American liquid milk replacer market is projected to grow substantially in the years ahead. This regional growth can be attributed to the increased focus on R&D activities for the development of innovative products across the region. In addition, liquid milk replacers are a major meal replacer for livestock. The U.S. is a major country for liquid milk replacer market, owing to the increasing consumption of dairy products.
Europe is projected to hold the second largest share of the global liquid milk replacer market share in the future. A large amount of liquid milk replacers in the region is a major driver for liquid milk replacer market. In addition, according to JRCEC Joint research center of Europe commission, approximately 12.4% of milk produced in the region is used for consumption and 30.1% for the production of butter and cheese.
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Latin American and the Middle Eastern and African regions are projected to account for relatively less share in the global liquid milk replacer market over the forecast time period. This can be due to the rapid growth of population and increased demand for dairy products with insufficient supply.
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Some major players operating in the global liquid milk replacer market are Land O’Lakes, Glanbia, Liprovit, PETAG, Cargill, Calva Products, CHS, Archer Daniels Midland Company, Lactalis Group, and Nutreco N.V.
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This report segments the global liquid milk replacer market into:
Global Liquid Milk Replacer Market: Product Type Analysis
Global Liquid Milk Replacer Market: Livestock Analysis
- Kids and Lambs
Global Liquid Milk Replacer Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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