Calf Milk Replacers Market Overview:
Calf Milk Replacers Market is projected to reach approximately USD 3.84 Billion by 2030, at a CAGR of 6.7% from 2020 to 2030.
Calf milk replacers are devices used to feed neonatal calves after 3 days of colostrum feeding. The advantages of calf milk replacers such as ease of use, economic benefits, and biosecurity can further the development of these devices and provide benefit to the dairy industry. The global calf milk replacers market report by Market Research Future (MRFR) outlines trends, opportunities, drivers, and drawbacks for the period of 2022 to 2030 (forecast period).
Calf Milk Replacers Market Scope
The global Calf Milk Replacers Market can exhibit a 6.7% CAGR during the forecast period owing to being cost-effective compared to replacing whole cow’s milk. Milk replacers have lower fat content than regular milk while being high in protein and vitamin content. They also have a longer shelf-life. High awareness among dairy farmers and rising consumption of milk are main factors expected to drive market demand over the forecast period.
New product innovations within dairy products induce the need for milk replacer systems which can culminate in high milk production. Product design focused on the calf health is likely to trigger the growth of calf milk replacement systems. Consumption of nutraceuticals amid focus on animal health can bode well for the market during the assessment period.
But usage of waste milk and trans-milk can impede market growth.
Land O'lakes, Inc., Frieslandcampina, CHS Inc., Lactalis Group, Cargill Inc., Archer Daniels Midland Company, and Glanbia, PLC are notable players of the global calf milk replacers market.
Calf Milk Replacers Market Segmentation:
The global calf milk replacers market is segmented by type, source, and form.
By type, it is segmented into medicated and non-medicated. The medicated segment is expected to showcase rapid growth due to growing concern of infectious diseases among calves. New policy guidelines on the quantity and duration of feeding on calf health can drive the segment growth in the global calf milk replacers market. On the other hand, the non-medicated segment can sustain its market share due to its cost-effectiveness.
By source, the calf milk replacers market is segmented into dairy based and non-dairy based. Among them, the dairy-based milk replacers segment is projected to be the fastest-growing due to providing high volume of nutrients.
By 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. This can be credited to its mixture with the help of water and its long shelf-life. 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.
The global calf milk replacers market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe will dominate the market throughout the forecast period. High consumption of veal in the European Union (EU) is driving the growth of calf milk replacers market in this region. Continuous developments of milk replacer systems by key players in the U.S. is boosting the market growth of calf milk replacers in North America. Moreover, guidelines published by the Bovine Alliance on Management & Nutrition (BAMN) can be vital for dairy farmers looking to expand their production capacity. Milk replacers can encourage calf growth and performance.
Asia Pacific is expected to be the fastest growing region in the global Fetal Calf Serum market. Growth of dairy agricultural practices in India, China, Japan, and Indonesia are driving the growth of calf milk replacers in this region. In RoW, Brazil is anticipated to attain the maximum share of the calf milk replacers market.
In September 2019, Cargill Inc. had shown its concern for animal health and wellness and introduced reorganization of its business related to animal nutrition.
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