Market Research Future (Food and Beverages) Milk Replacers Market Research Report | Page 3

Milk Replacers Market Research Report – Global Forecast till 2023
2 Market Overview
Milk replacers are majorly used in commercialised livestock farming as milk substitute for young livestock and the
products are fortified with other nutritional and medicinal benefits to ensure health, performance and growth of the
young livestock.
Owing to the rising consumption of meat, dairy and milk products, adoption of precision nutrition are the major factors
booting the demand of the milk replacers.
Milk Replacers available in the market include medicated and non-medicated. Growing awareness among the
consumers for these products will uplift the growth of the market in the coming years. Moreover, growth of organised
organized livestock farming in the countries like India, China, and Brazil resulted in a boost in demand for the Milk
Replacers market during the forecast period.
Regional Analysis:
Europe is expected to dominate the market for milk replacers during the forecast period owing to the high focus of
European Commission on reducing input cost and to improve animal health and performance in early stages of
lifecycle. Germany, France, Italy are the major European markets for Milk Replacers. The continuous efforts made
by the manufacturers in US to grow in the Milk Replacers market has significantly contributed to the Milk Replacers
market in North America. The market in Asia-Pacific is projected to register the highest CAGR during the forecast
period with China and India being the largest country-level markets for Milk Replacers in the region. Demand for high
quality animal products in the region, owing to the urbanizations and increased health consciousness, has resulted
in farmers focusing on the inclusion of nutritional fulfilment of the young livestock to optimise the productivity.
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