The liquid milk replacers market 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 factors driving the market include the rising consumption of dairy products and the adoption of precision nutrition techniques.
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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The major vendors in the global market are 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).
The calves segment, by livestock, is projected to be the fastest-growing store type in the global market. Calves are born with only the abomasum, i.e., the fourth stomach functioning; and their digestion is only dependent on the enzymes existing in the abomasum. For this reason, infant animals are fed with high-quality milk replacers, as they fulfill their nutritional needs and boost their immunity toward diseases. Liquid milk replacers for calves are nutritious concentrate mixes and contain nutrients such as protein, fats, vitamins, and minerals in the optimum required ratio to ensure optimal growth.
The medicated segment is projected to grow at the higher CAGR between 2018 and 2023. Medicated liquid milk replacers provide various health benefits and improve the performance of infant livestock. These milk replacers are mainly fed to infant livestock that has physical and nutritional deficiencies, weaknesses, or diseases; and requires an enhanced nutritional diet. This has led livestock rearers to use medicated liquid milk replacers.