Calf Milk Replacers Market Outlook
Calf milk replacers are developed to support minimal growth and encourage early consumption of calf starter. The ingredients and composition are specially designed according to the digestive system of the calf. Milk replacer can be fed at any time of the day, making it more convenient than the whole milk consumption. Moreover, feeding milk replacers prevents the transfer of diseases from cow to calf e.g. para-tuberculosis. Additionally, the long shelf life of the product is further supporting the growth of the market.
Market Forecast :
The growing calf population is driving the growth of the Calf Milk Replacers Market. Moreover, the growth of the dairy industry is boosting the growth of this market owing to an increase in milk consumption for commercial use. Johne’s bacteria, E. coli, salmonella, and mycoplasma are some of the health threats for claves which is influencing the demand for calf milk replacers.
Growing awareness regarding the product benefits is further boosting the growth of the market. The long shelf life of the product is an added advantage for the growth of the Calf Milk Replacers Market. However, high input costs of milk replacer proteins may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.7% of the Calf Milk Replacers Market during the forecast period, 2021-2028.
Regional Analysis:
MRFR’s take on the global market reveals several regions playing taking part in a competitive landscape to gain more. These regions are North America, APAC (Asia Pacific), Europe, and the Rest of the World (RoW).
Region-wise, Europe has better chances of continuing its dominance in the coming years. The regional market is initiating various moves that are based on strategic points like innovation and high expenditure for research development. France, the UK, Germany, and others are expected to contribute substantially to market growth.
North America is the second-largest revenue generator, and its contribution relies much on decisions made by the US. Canada is also fetching substantial revenue. Various key players are operating from the region, and their promotional activities are expected to gain better ground.
The APAC market can set to score big as the region is slowly opening up to various possibilities. Countries like India, Japan, China, and Indonesia can be considered major boosters as their prolific run in the market can contribute significantly to the regional market growth. In the RoW zone, Brazil can ensure better growth possibilities for the Calf Milk Replacers Market.
Segmentation Analysis
The global market for calf milk replacers can be studied based on a strong segmentation that would include type, source, and form. These segments are loaded with information regarding factors that can be of importance for the assessment of the market in the coming years.
The Calf Milk Replacers Market can be segmented by type into medicated milk replacer and non-medicated milk replacer. The non-medicated milk replacers segment is gaining ground due to its cost-effectiveness. However, the medicated calf milk replacer segment is also having better percolation.
By source, the market study for calf milk replacers incorporates dairy-based and non-dairy-based. The dairy-based milk replacers segment can register the fastest CAGR over the review period.
By form, the market for calf milk replacers can find applications in powder and liquid forms. The powdered segment is leading the market. However, the liquid segment owing to its digestibility can record a better growth rate.
Competitive Landscape:
The global market for calf milk replacers is witnessing a strong surge in the influx of various new entrants to the market. These companies are getting their position cemented by introducing various strategic moves that include mergers, branding, advertising, and others. These companies were included in the report by MRFR for a better understanding of the global market. Companies that are making major contributions are Cargill Inc. (U.S.), Land O'lakes, Inc. (U.S.), Frieslandcampina (The Netherlands), Archer Daniels Midland Company (U.S.), Glanbia, Plc (Republic of Ireland), CHS Inc. (U.S.), Lactalis Group (France), and others.
In September 2019, Denkavit, a Dutch company, announced that it would enter the US market as they have acquired Grober. The acquisition is mainly of the US subsidiary of the latter. Denkavit has a specialized focus on calf milk replacers.
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