Global Milk Replacers Market to Reach USD 3.54 Bn by 2022, Predicts M&M in Its Topical Research Report Recently Uploaded at MarketPublishers.com
17 May 2017 • by Natalie Aster
LONDON – The world’s market for milk replacers is expected to show a CAGR of almost 7.6% during 2017-2022 and to amount to the value of USD 3.54 billion by the year 2022. The market has demonstrated significant growth owing to a range of vital factors such as rising milk prices, concerns associated with mortality and health-related aspects and the adoption of precision nutrition techniques. Still, several factors like high input cost of milk replacer protein and the adoption of alternatives, for instance, waste or trans-species milk, present challenges to the further market growth.
The ruminants segment is set to dominate the total market in terms of growth rates during 2017-2022. Growth of demand for milk replacers in this sector is forecast to be spurred by the rising commercialization of dairy farms and by escalating milk consumption by humans.
As for milk replacers type, the powder milk replacers segment is poised to see the fastest growth over 2017-2022, majorly due to lucrative advantages associated with the powder milk replacers, including its ease of handling, storage, transportation and usage, and also its affordability due to cost-effectiveness.
When it comes to regions, APAC is set to rule the total milk replacers market. This regional market will demonstrate the highest CAGR through 2022.
Topical MarketsandMarkets (M&M) research report “Milk Replacers Market by Type, Livestock, Source, Form, and Region - Global Forecast to 2022” includes a comprehensive analysis of the milk replaces market on the global, regional and country scales. It gives access to a detailed market segmentation analysis on the basis of geography, types, sources, livestock and forms. The report sheds light on the market dynamics, the main growth drivers, restraints and hinders. This insightful report outlines the market future trends and opportunities as well as delves deep into the market value chain and touches upon issues associated with standards of quality. The competitive environment, high-growth segments, the latest government initiatives and industry developments are thoroughly overviewed and analysed in the study. Additionally, the report provides relevant data on the top players with details on their product offerings and strategies. A future outlook for the marketplace through 2022 is at hand in the report, too.
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