Animal Milk Replacer Market Research, 2030
The global animal milk replacer market was valued at $4.1 billion in 2020, and is projected to reach $6.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
The animal milk replacer business is experiencing rapid growth, as the milk producers have started replacing the traditional animal feed with nutritionally balanced compound feed in terms of milk and other food, as they have realized the tangible benefits of nutritional feed in terms of yield improvement. Livestock production in the Asia-Pacific region has been growing faster than any other agricultural sub-sector, mainly due to substantial growth of pig, livestock, and poultry industries, as the livestock industry is the most crucial part of agricultural development. Livestock products contribute around 40% of the total agricultural output in global sales. Calf milk replacer falls under livestock product category and offer an immense potential to manufacturers to deliver innovative calf milk replacers in the animal milk replacer industry. There has been an increase in the consumption of animal products, due to population growth and increased living standards of people. The increasing concerns among people over their baby animals has encouraged them to buy milk replacers that has helped to enlarge animal milk replacer market size. This is expected to boost the growth of the animal milk replacer industry during the animal milk replacer market forecast period.
The shift in pet ownership to parenting has been a very crucial and defining trend in the pet care market, especially in developed countries. One-third of the households in developed countries own a pet, which may include puppies, kitten, small animals and others. Pet owners traditionally fed their pets leftovers and scraps from family meals. However, now there is increasing awareness among pet owners about pet food and functional pet food, such as milk replacers, which are manufactured with the focus to improve health of these animals by offering same nutritional values as mother’s milk. In addition, there has been a rise in adoption of pets owing to various benefits associated with them such as increase in opportunities to exercise and decline in stress. American Veterinary Medical Foundation (AVMF) study shows that nine out of ten Americans, who own pets, consider them as a part of their families. According to the 2019 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), 69% of households in the U.S. owned a pet. The expenditure on pets in the country increased from 41.2% in 2007 to around 71% in 2019, out of which the money spent on pet food and nutrition occupied over 40% to 45%. Collectively, it shows that increasing pet humanization is expected to increase the demand for functional pet food along with animal milk replacer during the forecast period.
However, traditionally, owners fed their cats, dogs, calf and other pet animals with milk and home-made food, which included leftovers and scraps from family meals. In most developing countries, including India and Indonesia, people are not aware about animal nutrition and supplements, and they do not consider that feeding animal milk replacers is important to take care of their animal’s health. Traditional ways of feeding animals are expected to hinder the growth of the animal milk replacer market size.
Segment Review
For the purpose of analysis, the market is segmented on the basis of type, animal type, form, distribution channel, and region. The report provides information about the various types of animal milk replacer such as dairy based, plant based, animal based, pre-mixed, and others. In addition, it focuses on different animal types, including small animals, calf, kitten, pig, puppies, foal, and others. By form, it is divided into liquid and solid. It further outlines the details about diversified distribution channels, which include hypermarkets/supermarkets, specialty stores, convenience stores, e-commerce, and others. Moreover, it analyzes the current market trends of across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future animal milk replacer market opportunity.
On the basis of type, market is categorized into dairy based, plant based, animal based, pre-mixed, and others. The dairy-based segment was the highest revenue contributor owing to the greater availability of raw materials in the market, and is expected to remain dominant throughout the forecast period. The animal-based segment was the second largest segment, and is expected to grow at a steady growth rate of 4.2% throughout the forecast period.
On the basis of animal type, market is categorized into small animal, calf, pig, kitten, puppies, foal, and others. Calf segment dominated the market in 2020 due to increase in production of calf and livestock in the world, and is expected to continue to retain its dominance during the forecast period.
On the basis of form, market is categorized into liquid and solid animal milk replacer. The solid segment dominated the animal milk replacer market share in 2020 due to its greater usability and higher shelflife, and is expected to continue to retain its dominance during the forecast period.
On the basis of distribution channel, the market is categorized into supermarkets/hypermarkets, specialty stores, convenience stores, e-commerce, and others. The supermarkets/hypermarkets segment dominated the market in 2020 due to increased consumer dependency on onse stop shopping marts in the market, and the e-commerce segment is expected to grow at the fastest rate during the forecast period.
The key players profiled in this report include Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Glanbia Plc, and Hubbard Feeds Inc., Lactalis, Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco.
The animal milk replacer market is segmented into Type, Animal Type, Form and Distribution Channel.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the animal milk replacer market analysis from 2020 to 2030 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global animal milk replacer market trends, key players, market segments, application areas, and animal milk replacer market growth strategies.
Animal Milk Replacer Market Report Highlights
| Aspects | Details |
 By Type |
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 By Animal Type |
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 By Form |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Koninklijke DSM N.V., Liprovit BV, Arcgeo Information Systems, Cargill, Inc., FrieslandCampina N.V., Hubbard Feeds Inc., Glanbia Plc, Manna Pro Products LLC, Beaphar, Alltech |
Analyst Review
According to the insights of CXOs of leading companies, the global animal milk replacer market is expected to offer remunerative business opportunities in developing economies such as India and China. This is attributed to increase in adoption of animals for farming and pets at home. Awareness regarding various pet care and nutritional products such as functional food, supplements, medicines, and nutraceuticals, has increased among the people worldwide.
Thus, sales and distribution of animal milk replacers is expected to grow during the forecast period. Internet sales have been presenting continuous growth over the years. The availability of info-centric health products, such as nutritional food and drinks for animals, as per consumers’ demand has gained even more popularity than before, owing to rapid increase in pet humanization.
However, some of the small e-retailers, such as EarthlyPets.com, AllAmericanPet.net, PremierPetFoods.com, and SitStay.com, have come up with healthy, nutritional, and organic products in the market. Asia-Pacific is one of the most important and high potential regions for the animal milk replacer industry. The functional pet food market associated with animal milk replacer market in Asia-Pacific is being largely driven by rapid urbanization and connectivity programs and the trend is anticipated to grow over the coming years.
The global kitchen market size was valued at $4,080 million in 2020, and is estimated to reach $6,470.6 million by 2030 with a CAGR of 4.9% from 2021 to 2030.
The forecast period in the market report would be 2021-2030.
The market value of animal milk replacer market in 2020 is $6,470.6 million.
The year 2020 is base year calculated in the animal milk replacer market report.
The shift in pet ownership to parenting has been a very crucial and defining trend in the pet care market, especially in developed countries.
The key players profiled in this report include Alltech, Beaphar, Cargill, Inc., FrieslandCampina N.V., Glanbia Plc, and Hubbard Feeds Inc., Lactalis, Koninklijke DSM N.V., Liprovit B.V., Manna Pro Products, LLC, and Nutreco.
Trade restrictions imposed by several countries across the globe to curb the outbreak of COVID-19 have significantly affected global logistics and transportation. While the demand for animal feed has been largely consistent, the coronavirus outbreak has severely impacted the supply of animal milk replacers and other products in the market. Nations such as Romania, have banned exports to non-EU countries, causing serious demand-supply issues in the animal feed business and thus, shortage of animal milk replacers occurred in the market.
Asia-Pacific will dominate the market by the end of 2031.
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