The liquid milk replacers market is anticipated to expand at a high CAGR over the forecast period.
Milk Replacers are fed to the infant animals in order to supply the necessary nutrients, to ensure the proper growth and development of the infant. They contain additional micronutrients such as vitamins and minerals. They are easy to digest, sterile, and easy to feed formula. They are made from by-products of the dairy Industry. The liquid milk replacers market is expected to have significant market growth due to the rising consumption of dairy products and greater adoption of precision nutrition techniques. Also, huge investments made in developed nations for research and development activities are estimated to further fuel the market growth. However, the high cost associated with such products and government restrictions on its consumption for consumer safety are expected to be restraints for market growth.
By product type, the medicated liquid milk replacers segment is expected to have significant market growth as they are used by livestock rearers to improve the health of infant livestock. It is mainly fed to infant livestock that suffers from physical and nutritional deficiencies and requires an enhanced nutritional diet. By livestock, the calves segment is estimated to have a significant market share. Calves are born only with the fourth stomach functioning, the abomasum and their digestion are only dependent on the enzymes existing here. So, they are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity to diseases.
DRIVERS
Rising consumption of dairy products
Adoption of precision nutrition techniques
Rising investment in research and development activities
RESTRAINT
High cost of products
Government restrictions for consumer safety
INDUSTRY UPDATE
In May 2019, Trouw Nutrition, a Nutreco company signed a global research and development collaboration with Bayer Animal Health to focus on driving novel technologies and applications for animal health and nutrition.
SEGMENTATION
The Liquid Milk Replacers Market has been analyzed through the following segments:
By product type
Medicated
Non-Medicated
By livestock
Calves
Piglets
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others