The global calf milk replacers market has witnessed continued growth during the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Calf Milk Replacers Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period.
The growth of the calf milk replacers market is anticipated to be driven by various factors. Calf milk replacers is an appropriate method to feed pre-ruminant calves. Feeding recent good quality milk replacers can result to increase the high growth rates. Also, calf milk replacers come in economical prices as compare to the whole cow’s milk which in turn accelerates the sales of calf milk replacers during the forecast period of 2017-2023. Calf milk replacers contains less fat than whole milk and the product is enriched with vitamins, minerals and other nutritional elements which is expected to positively influence the growth of calf milk replacers market during the forecast period. In addition, calf milk replacers offer a longer shelf life as compare to the whole milk which is an extra advantage.
Latest Industry Updates:
August, 2017 Partner Animal Health has launched their new product under the brand name of RESOLTZ Calf Electrolyte. The product is sourced from beef and other dairy calves.
October, 2017 Milk Specialties Global has acquired the product line of milk replacer and hi fat businesses of Merrick Animal Nutrition, Inc. The acquisition will aid in strengthening the product line of calf milk replacer.
September 2017 Ralco launched Birthright™ Bridge. The product is mixed with water and fed with water and fed for the nutrition of calf.
November, 2016 Milk Specialties Global has launched a new product of calf milk replacers under the brand name of “NutraStart”
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Key players are focusing to enhance its brand name by placing numerous promotional activities. Also, the manufacturers have participated in several social media promotions, events. The manufacturers are demonstrating their new product to attract the new customers. By this strategy the product will get popularity among the consumers which will support to upsurge the overall profitability of the company. Moreover, the key companies are highlighting in the research & development process to introduce new product also to encompass the product line. Key players are announcing new calf milk replacers to surge the volume sales.
The key players profiled in the calf milk replacers market report are Land O’lakes, Inc. (U.S.), Archer Daniels Midland Company (U.S.), Cargill Inc. (U.S.), Frieslandcampina (The Netherlands), Glanbia, PLC (Republic of Ireland), Chr Hansen Inc. (U.S.), Lactalis Group (France), Bewital Agri GmbH & Company Kg (Germany), and Nukamel B.V. (Netherlands) among many others.
Global calf milk replacers market has been divided into type, source, form, and region
On the Basis of Type: Medicated milk replacer, and Non-medicated milk replacer
On the Basis of Source: Dairy based, and Non-dairy based
On the Basis of Form: Powder, and Liquid
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
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The global calf milk replacers market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Europe region is expected to account for the major market proportion in the year of 2017 and the trend is expected to continue throughout the forecast period of 2017-2023. Europe calf milk replacers market is anticipated to be driven by various factors. Product innovation and new product launch are the main factors for the rising growth of calf milk replacers market in Europe region. Apart from that, presence large players in Western European countries is expected to fuel the sales of calf milk replacers market during the forecast period. But, high input costs of calf milk replacers proteins can pose a major challenge in the Europe region soon. However, Asia Pacific region finds massive opportunity in the calf milk replacers market and the region is expected to witness a massive growth during the forecast period of 2017-2023. China and India are major countries in the Asia Pacific region which is also holding approximately one half of the market proportion in the Asia Pacific region during the forecast period. Latin America region is also expected to observe impressive growth during the forecast period.
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