According to Stratistics MRC, the Global Liquid Milk Replacers Market is accounted for $643.59 million in 2020 and is expected to reach $1,209.01 million by 2028 growing at a CAGR of 8.2% during the forecast period. Rising consumption of dairy products and adoption of precision nutrition techniques are the major factors propelling the market growth. However, logistical and preservation advantages associated with powdered milk replacers are hampering the market growth.
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By geography, North America is going to have a huge demand during the forecast period due to the increased implementation of precision nutrition techniques. Also, the rising use of milk products has equally driven the use of liquid milk replacers by livestock rearers in the rearing systems.
Some of the key players profiled in the Liquid Milk Replacers Market include Agritech, Archer Daniels Midland Company, Calva Products Inc, Cargill, Inc, CHS Inc., Glanbia, PLC, Lactalis Group, Land O’lakes Inc., Liprovit BV, Milk Specialties Company, Nukamel Productions B.V, Nutreco Holding N.V., Nutriad International NV, PetAg, Inc., and Vitalac SA.
Types Covered:
• Medicated Liquid Milk Replacers
• Non-Medicated Liquid Milk Replacers
Livestock’s Covered:
• Calves
• Piglets
• Other Livestock’s
Fortifications Covered:
• Vitamins
• Organic Acid
• Probiotics
• Minerals
• Electrolytes
• Yeast
Distribution Channels Covered:
• Convenience Stores
• Hypermarket/Supermarket
• Online Retail
• Retail Stores
• Specialty Stores
Certifications Covered:
• Organic
• Traditional
Applications Covered:
• Whey Based
• Skim Based
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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