세계의 대용유 시장 예측 : 유형별, 가축별, 유래별, 형태별, 유통 채널별, 최종사용자별, 지역별(-2030년)

According to Stratistics MRC, the Global Milk Replacer Market is accounted for $4.65 billion in 2024 and is expected to reach $8.05 billion by 2030 growing at a CAGR of 9.59% during the forecast period. In animal husbandry, milk replacer is a nutritious substitute for natural milk that is usually used to feed young mammals when their mothers' milk is either unavailable or insufficient. Moreover, this carefully designed alternative closely resembles the nutritional makeup of raw milk, offering vital nutrients like proteins, fats, carbohydrates, vitamins, and minerals that are critical for the animal's healthy growth and development.

According to the American Veterinary Medical Association (AVMA), proper vaccination is essential for maintaining the health and well-being of pets, preventing the spread of infectious diseases, and protecting public health.

Market Dynamics:

Driver:

Growing consumer interest in dairy products

The primary driver of the milk replacer market is the increasing global demand for dairy products, which is being driven by factors such as population growth, rising disposable incomes, and changing dietary habits. Consumption trends are driven by urbanization and the expanding middle class in emerging economies, which highlights the need for steady milk production. Additionally, changing lifestyles-such as busier schedules and a greater reliance on convenience foods-raise the demand for dairy-based products and call for dependable milk sources.

Restraint:

Quality standards and regulatory restrictions

Manufacturers must comply with regulatory frameworks that control the manufacturing, labeling, and marketing of milk substitutes, which hinder new product development and entry into the market. Tight safety and quality requirements necessitate extensive testing and certification processes, which raise production costs and the time it takes for new products to reach the market. Furthermore, logistics become difficult for businesses that operate in multiple markets due to differences in regulatory requirements across different regions and jurisdictions, which impedes market expansion and product distribution.

Opportunity:

Particularized and tailor-made formulations

Customized milk replacers that target particular animal species, breeds, and production goals are being made possible by the growing trend toward personalized nutrition and specialized dietary requirements. Optimizing milk substitute compositions to cater to the distinct dietary requirements of young animals such as piglets, lambs, and calves improves the effectiveness of the product, its performance, and the satisfaction of its users. Additionally, catering to specific market niches like organic, non-GMO, or antibiotic-free milk substitutes satisfies consumer preferences for animal products that are produced sustainably and ethically while also building brand loyalty and differentiating products in the market.

Threat:

Natural milk's competition

For young animals, natural milk is still the main source of nutrition, which makes milk substitutes extremely vulnerable to competition. Even with recent developments in technology and formulation, milk substitutes frequently fail to match the intricate nutritional makeup and bioactive ingredients of human milk. Furthermore, the adoption of milk replacers may be constrained by the availability of natural milk, whether from maternal sources or through enhanced breeding and management techniques, especially in areas where access to fresh milk is affordable and plentiful.

Covid-19 Impact:

The market for milk substitutes has seen a variety of effects from the COVID-19 pandemic. At first, production processes and distribution networks were hampered by problems with supply chains, logistics, and labour availability. This resulted in short-term shortages and delays in the release of products. The market volatility was further intensified by fluctuations in consumer demand, panic buying, and stockpiling behaviours, which had an impact on purchasing patterns and inventory management for both producers and retailers. Moreover, consumers prioritized necessities and looked for less expensive options when making purchases, which was impacted by economic uncertainty, decreased disposable income, and disruptions in the foodservice industry.

The Milk-based segment is expected to be the largest during the forecast period

It is projected that the market for milk replacers will be dominated by the milk-based segment. For young animals, especially in their early years of life, milk-based formulations are the preferred option because they closely resemble the nutritional makeup of natural milk. Rich in proteins, fats, carbohydrates, vitamins, and minerals, these replacers offer vital nutrients required for proper growth and development. Furthermore, the superior nutritional value and performance outcomes of milk-based formulations as compared to non-milk-based or blended alternatives are what propel their market dominance.

The Online retailing segment is expected to have the highest CAGR during the forecast period

In the milk replacer market, the online retailing segment is projected to have the highest CAGR. The way consumers buy animal nutrition products, including milk replacers, has changed dramatically as a result of the e-commerce industry's explosive growth, rising internet penetration, and growing digital adoption. Moreover, customers may compare prices, read product reviews, and make well-informed purchasing decisions from the comfort of their homes owing to online retailing, which provides ease of use, accessibility, and a large selection of products.

Region with largest share:

The market for milk substitutes is dominated by the North American region. Many factors, such as the region's well-established dairy industry, the high adoption rate of intensive farming practices, and the strong demand for dairy products, are responsible for this dominance. Milk replacers are widely used to support calf rearing and improve milk production efficiency in nations like the United States and Canada, where dairy farming is a significant agricultural industry. Furthermore, strict laws pertaining to food safety, animal welfare, and hygienic requirements fuel the market for premium milk substitutes that guarantee the best possible nutrition and health results for young animals.

Region with highest CAGR:

The European region has the highest CAGR in the milk replacer market. The modernization of dairy farming techniques, the growing use of precision nutrition, and the growing consciousness of animal welfare standards are some of the factors contributing to the robust growth observed in the European region. Dairy production in Europe is led by nations like Germany, France, and the Netherlands, which prioritize quality, sustainability, and efficiency. Additionally, strict laws governing the use of antibiotics, environmental sustainability, and animal welfare encourage the use of milk substitutes in all-encompassing herd management plans.

Key players in the market

Some of the key players in Milk Replacer market include VanDrie Group, Cargill Inc, BewitalAgri GmbH and Company, Royal Friesland Campina N.V., Lactalis Group, Nutreco N.V., Archer Daniels Midland Company, CHS Inc, Glanbia PLC, Alltech and Land O'lakes Inc.

Key Developments:

In April 2024, Archer Daniels Midland and Vikram Luthar entered into a Transition Agreement under which Mr. Luthar will resign effective September 30, 2024 (unless an earlier date is mutually agreed between Mr. Luthar and the Company). Until such resignation date, Mr. Luthar will be available to assist the Company and provide transitional support as needed, as a non-executive employee.

In September 2023, VanDrie Group and F&F Group announced that they have signed a letter of intent under which the two companies will enter into a partnership. Under this agreement, the VanDrie Group will acquire a stake in F&F Group, while F&F Group will in turn acquire Schils Food's business from the VanDrie Group.

In June 2023, Singapore-based Cargill Metals has entered into a multiyear agreement with Sweden-based industrial startup H2 Green Steel for the supply of green steel. The companies say the agreement aims to accelerate global ferrous supply chain decarbonization.

Types Covered:

• Medicated
• Non-medicated
• Other Types

Livestocks Covered:

• Ruminants
• Swine
• Equine
• Pets
• Other Livestocks

Sources Covered:

• Milk-based
• Non-milk-based
• Blended
• Other Sources

Forms Covered:

• Powder
• Liquid
• Other Forms

Distribution Channels Covered:

• Online Retailing
• Super Market
• Hypermarket
• Convenience Stores
• Other Distribution Channels

End Users Covered:

• Livestock Farmers
• Pet Owners
• Veterinary Clinics
• Zoos and Wildlife Rehabilitation Centers
• Animal Rescue Organizations
• Research Facilities
• Agricultural Cooperatives
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Milk Replacer Market, By Type

• 5.1 Introduction
• 5.2 Medicated
• 5.3 Non-medicated
• 5.4 Other Types

6 Global Milk Replacer Market, By Livestock

• 6.1 Introduction
• 6.2 Ruminants
• 6.3 Swine
• 6.4 Equine
• 6.5 Pets
• 6.6 Other Livestocks

7 Global Milk Replacer Market, By Source

• 7.1 Introduction
• 7.2 Milk-based
• 7.3 Non-milk-based
• 7.4 Blended
• 7.5 Other Sources

8 Global Milk Replacer Market, By Form

• 8.1 Introduction
• 8.2 Powder
• 8.3 Liquid
• 8.4 Other Forms

9 Global Milk Replacer Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Online Retailing
• 9.3 Super Market
• 9.4 Hypermarket
• 9.5 Convenience Stores
• 9.6 Other Distribution Channels

10 Global Milk Replacer Market, By End User

• 10.1 Introduction
• 10.2 Livestock Farmers
• 10.3 Pet Owners
• 10.4 Veterinary Clinics
• 10.5 Zoos and Wildlife Rehabilitation Centers
• 10.6 Animal Rescue Organizations
• 10.7 Research Facilities
• 10.8 Agricultural Cooperatives
• 10.9 Other End Users

11 Global Milk Replacer Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 VanDrie Group
• 13.2 Cargill Inc
• 13.3 BewitalAgri GmbH and Company
• 13.4 Royal Friesland Campina N.V.
• 13.5 Lactalis Group
• 13.6 Nutreco N.V.
• 13.7 Archer Daniels Midland Company
• 13.8 CHS Inc
• 13.9 Glanbia PLC
• 13.10 Alltech
• 13.11 Land O'lakes Inc