Market Overview
Global Calf Milk Replacers Market, Which Is Estimated to Grow At A CAGR Of 6.7% During The Forecast Period 2017-2023.
Calf milk replacers are developed to support minimal growth and encourage early consumption of calf starters. 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 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 that are 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, 2017-2023.
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Downstream analysis
The calf milk replacers market is segmented based on types such as medicated milk replacers and non-medicated milk replacers. The non-medicated milk replacers are viewed to hold a leading share in the market owing to comparative cost-effectiveness. However, the medicated calf milk replacer is anticipated to be the fastest-growing segment over the forecast period.
Based on the source, the calf milk replacers market is segmented into dairy-based and non-dairy-based. Among them, the dairy-based milk replacers are projected to be the fastest-growing segment based on high nutrition absorption from dairy-based calf milk replacers.
Based on form, the calf milk replacers market is segmented into powder and liquid form. The powdered segment is holding a major market for calf milk replacers owing to the ease of use and storage advantage. However, the liquid segment is projected to be the fastest-growing segment based on its ease of digestibility resulting in the optimum intake of nutrition.
Competitive analysis
The major players in the Calf milk replacers market
- Land O'lakes, Inc. (U.S.)
- Cargill Inc. (U.S.)
- Archer Daniels Midland Company (U.S.)
- Frieslandcampina (The Netherlands)
- CHS Inc. (U.S.)
- Glanbia, PLC (Republic of Ireland)
- Lactalis Group (France)
Regional Analysis
The global calf milk replacers market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Europe is accounted to hold the highest share of calf milk replacers. The promotion of veal calves consumption in the EU is majorly driving the growth of calf milk replacers in this region. North America is estimated to have a moderate expansion in the market share of calf milk replacers over the estimated period with the U.S. as its major contributor.
The Asia Pacific is witnessed to be the fastest-growing region in the calf milk replacers market. India and China are the two countries majorly contributing to the growth of calf milk replacers in this region. Latin America is anticipated to gain a moderate growth rate over the estimated period.
Market Segmentation
The calf milk replacers market is segmented based on type, source, form, and region.
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