The Milk Replacers Global Market Report 2023, provides comprehensive information on the milk replacers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Milk Replacers Global Market Report 2023, the global milk replacers market size is expected to grow from $3.53 billion in 2022 to $3.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global milk replacers market size is expected to reach $5.53 billion in 2027 at a CAGR of 9.3%.
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Nutrition-based product enhancement is a key trend gaining popularity in the milk replacer market. Major companies operating in the milk replacer market are focused on enhancing the nutritional profile of milk replacers through the addition of key nutrient content to sustain their position in the market. For instance, in February 2021, PetAg Inc., a US-based manufacturer and retailer of pet nutrition and health products, launched scientifically formulated Goat’s Milk Esbilac, a liquid milk replacer with higher nutrition content. Goat’s Milk Esbilac is a specially formulated puppy milk made with whole goat’s milk protein that provides advanced nutrition, is easily digestible, and is similar to mother’s milk. It is fortified with essential nutrients, vitamins, minerals, and amino acids to ensure proper nutrient absorption. It offers complete and balanced macro- and micro-nutrients and meets AAFCO dog nutrient profiles.
The milk replacers market is segmented:
1) By Type: Medicated, Non-Medicated
2) By Source: Milk-Based, Non-Milk-Based, Blended
3) By Form: Powder, Liquid
4) By Livestock: Ruminants, Swine, Equine, Pets, Other Livestock
5) By Distribution Channel: Online Retailing, Super Market, Hyper Market, Convenience Stores, Other Distribution Channels
Asia-Pacific was the largest region in the milk replacers market in 2022.
The table of contents in TBRC’s milk replacers market report includes:
- Executive Summary
- Milk Replacers Market Characteristics
- Milk Replacers Market Trends And Strategies
- Milk Replacers Market – Macro Economic Scenario
- Milk Replacers Market Size And Growth
…..
- Africa Milk Replacers Market
- Milk Replacers Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Milk Replacers Market
- Milk Replacers Market Future Outlook and Potential Analysis
- Appendix
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