(I-BusinessNews.Com, August 12, 2021 ) The global liquid milk replacers market size is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major driving factors in the liquid milk replacers market are increasing consumption of dairy products and the adoption of precision nutrition technique.
The major liquid milk replacers vendors include Liprovit, BV (Netherlands), Calva products LLC (US), PETAG Inc. (US), Cargill (US), Archer Daniels Midland Company (ADM) (US), CHS Inc. (US), Land O’Lakes Inc. (US), Glanbia Plc (Ireland), Nutreco N.V. (Netherlands), and Lactalis Group (France). These players have adopted various growth strategies such as expansions, acquisitions, and new product launches to expand their presence in the global liquid milk replacers market. Expansions has been the most dominating strategy adopted by major players from 2014 to 2018. This has helped them to innovate their offerings and broaden their customer base.
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The medicated type segment is expected to grow at the higher CAGR in the global liquid milk replacers market during the forecast period.
The liquid milk replacers market, by type, is estimated to be dominated by the non-medicated segment in 2018. This is attributed to the fact that infant livestock are being fed with milk replacers for the first 6-8 weeks of their birth. Non-medicated liquid milk replacers are fed to livestock infants for the first 1-2 weeks of their birth to protect them from diseases or certain deficiencies. In addition, these milk replacers are low in cost, as compared to medicated liquid milk replacers. This is one of the driving factors for the non-medicated milk replacers segment in developing countries such as Brazil, India, and China, where livestock bearers are price sensitive. Further, the dairy farming industry in these countries is becoming increasingly organized with the growing investments.
The calves segment, by livestock, is projected to occupy the majority of the market share and grow at the fastest rate during the forecast period.
The calves segment is projected to be the fastest-growing segment, by livestock, during the forecast period. Proper management of calves is a prerequisite to the success of a dairy farm. Raising healthy calves is one of the major aspects of livestock management, in general, given their use in dairy and meat production. The optimal level of nutrition in the early life of animals facilitates their faster growth and early maturity. Infant calves should be carefully reared so that they attain about 70%-75% of mature body weight at puberty. Poor feeding could lead to a higher age of calves at first calving and an overall reduction in their life spans.
Europe is expected to account for the largest market share during the forecast period.
Europe is the major revenue-generating region in the global liquid milk replacers market. The consumption of liquid milk replacers in the region is further driven by the growing focus of the European Commission on health and nutrition of animals during their early growth stages. The European legislation dictates that all calves are required to have access to their mothers for a minimum of two weeks after their birth, for colostrum consumption. To be able to substitute this colostrum successfully, they are then transferred to specialized calf rearing farms, where they are provided with milk replacers that successfully help mimic cow’s milk. The usage of different liquid milk replacers extensively depends on factors such as cost-effectiveness, ingredient availability, and different feed regulations prevalent in the country. These factors are expected to impact the market growth for liquid milk replacers in Europe.
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