The growing prices of milk are responsible for growing demand for milk replacers. The enhanced nutrition value coupled with low cost is driving the consumption of these products. The market growth is aided by the growing adoption of gluten free diet.
The global Milk Replacers market was valued at USD 2.30 billion in 2016 and is projected to reach USD 4.39 billion by 2025, growing at a CAGR of 7.4% from 2017 to 2025.
1. Market Drivers
1.1 Rising awareness regarding product potential
1.2 Growing demand for milk
2. Market Restraints
2.1 High input costs
2.2 Usage of trans species or waste milk as alternative
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The global Milk Replacers marketis segmented on the type, livestock, source, form, and region.
1. By Type:
2. By Livestock:
3. By Source:
3.2 Non-Milk Based
3.3 Milk Based
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4. By Form:
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
2. BewitalAgri GmbH and Company
3. Archer Daniels Midland Company
4. Nulkamel BV
5. CHS Inc.
7. Land O’ Lakes
8. Nutreco NV
9. Glanbia PLC
10. Friesland Campina
11. Vandrie Group
12. Lactalis Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Milk Replacers marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports