The Global Animal Milk Replacer Market is Predict to reach $5.5 Billion by 2028, at a CAGR of 4.5%

Published Date: 31-Oct-2022

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Animal Milk Replacer Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Animal Milk Replacer Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.

The Dairy Based market acquired the maximum revenue share in the Global Animal Milk Replacer Market by Type in 2021, thereby, achieving a market value of $2.2 billion by 2028. Due to a mix of highly digestible raw materials high dairy protein content and probiotics, this feed is designed to provide calves with optimal digestive health. It includes fifty percent instant skim milk powder, ensuring significant dilution and stability.

The Supermarkets & Hypermarkets market is showcasing a CAGR of 3.9% during the forecast period. It is because the supermarket is a self-service store that offers a vast assortment of food, drinks, and home goods, sorted by category. This type of grocery shop is larger and has a greater selection than early grocery stores, but it is smaller and offers a more restricted assortment of goods than a hypermarket or big-box market.

The Solid market is leading the Global Animal Milk Replacer Market by Form in 2021, thereby, achieving a market value of $3.8 billion by 2028. Typical milk substitutes are produced using widely accessible animal fats (e.g., lard and tallow) that provide long-chain fatty acids, and with little or no presence of medium-chain fatty acids. Long-chain fatty acids are important as an energy source to offer a balanced fat diet for calves.

The Kitten market has shown the high growth rate of 5% during (2022 - 2028). Milk is the only source of nutrition for newborn animals, although milk substitutes can offer the nutrients and fluids essential for the neonate to thrive when milk is unavailable. The composition of milk, including the number of solids and the types and quantities of proteins and lipids, varies among species.

The Asia Pacific market dominated the Global Animal Milk Replacer Market by Region in 2021, thereby, achieving a market value of $2 Billion by 2028. The Europe market is anticipated to grow at a CAGR of 4.1% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 3.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/animal-milk-replacer-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Royal FrieslandCampina N.V., Glanbia PLC, Koninklijke DSM N.V., Cargill Corporation, Alltech, Inc., Liprovit BV, Manna Pro Products LLC, and Beaphar B.V.

Global Animal Milk Replacer Market Segmentation

By Type

  • Dairy Based
  • Animal Based
  • Plant Based
  • Pre-Mixed
  • Others

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • E-commerce
  • Others

By Form

  • Solid
  • Liquid

By Animal Type

  • Calf
  • Small Animal
  • Kitten
  • Foal
  • Pig
  • Puppies
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Royal FrieslandCampina N.V.
  • Glanbia PLC
  • Koninklijke DSM N.V.
  • Cargill Corporation
  • Alltech, Inc.
  • Liprovit BV
  • Manna Pro Products LLC
  • Beaphar B.V.

Unique Offerings from KBV Research

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Related Reports:

North America Animal Milk Replacer Market Future Scope & Opportunities 2022-2028

Europe Animal Milk Replacer Market Size & Growth Forecast 2022-2028

Asia Pacific Animal Milk Replacer Market Size, Share & Industry Outlook to 2028

LAMEA Animal Milk Replacer Market Growth, Trends & Forecasts 2022-2028

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