Calf Milk Replacers Market Overview
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.
Growing calf population is driving the growth of Calf Milk Replacers Market Growth Moreover, growth of dairy industry is boosting the growth of this market owing to 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. 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 calf milk replacers market during the forecast period, 2017-2023.
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)
The global calf milk replacers market Share is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is accounted to hold the highest share of calf milk replacers. Promotion of veal calf’s 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.
Asia Pacific is witnessed to be the fastest growing region in Calf Milk Replacers Market Growth
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.
Calf milk replacers market is segmented based on type such as medicated milk replacer and non-medicated milk replacer. 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, calf milk replacers market share 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 to optimum intake of nutrition.
Calf milk replacers market is segmented based on type, source, form, and region.
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