Calf Milk Replacers Market Overview
Calf Milk Replacers can be considered a convenient way to feed pre-ruminant calves. This can result in higher growth rate and can be cost-effective as well. These have less fat and are loaded with various nutrients, which would ensure better health for the calf. Its longer shelf life can play in favor of the market. The global market for Calf Milk Replacers is showing notable potential to register 6.7% CAGR between 2017 to 2023, the forecast period. As Market Research Future (MRFR) predicts several growth possibilities that can be considered effective for the market now and also, in the coming years.
The demand for calf milk is gaining strong grounds owing to growing awareness among dairy farmers, its cost-effectiveness, better investment in research & development sector, and other factors are expected to contribute substantially to the growth of the market.
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In September 2019, Denkavit, a Dutch company, announced that it would enter the US market as they have acquired Grober. The acquisition is mainly of the US subsidiary of the latter. Denkavit has a specialized focus on Calf Milk Replacers.
The global market for Calf Milk Replacers is witnessing strong surge in the influx of various new entrants in the market. These companies are getting their position cemented by introducing various strategic moves that include merger, branding, advertising, and others. These companies were included in the report by MRFR for a better understanding of the global market. Companies that are making major contributions are Cargill Inc. (U.S.), Land O’lakes, Inc. (U.S.), Frieslandcampina (The Netherlands), Archer Daniels Midland Company (U.S.), Glanbia, Plc (Republic of Ireland), CHS Inc. (U.S.), Lactalis Group (France), and others.
The Global Market for Calf Milk Replacers can be studied based on a strong segmentation that would include type, source, and form. These segments are loaded with information regarding factors that can be of importance for the assessment of the market in the coming years.
The Calf Milk Replacers Market can be segmented by type into medicated milk replacer and non-medicated milk replacer. The non-medicated milk replacers segment is gaining grounds due to its cost-effectiveness. However, the medicated calf milk replacer segment is also having better percolation.
By Source, the market study for Calf Milk Replacers incorporates dairy-based and non-dairy based. The dairy-based milk replacers segment can register the fastest CAGR over the review period.
By Form, the market for Calf Milk Replacers can find application in powder and liquid form. The powdered segment is leading the market. However, the liquid segment owing to its digestibility can record a better growth rate.
MRFR’s take on the global market reveals several regions playing taking part in a competitive landscape to gain more. These regions are North America, APAC (Asia Pacific), Europe, and Rest of the World (RoW).
Region-wise, Europe has better chances of continuing its dominance in the coming years. The regional market is initiating various moves that are based on strategic points like innovation and high expenditure for research & development. France, the UK, Germany, and others are expected to contribute substantially to market growth.
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North America is the second-largest revenue generator, and its contribution relies much on decisions made by the US. Canada is also fetching in substantial revenue. Various key players are operating from the region, and their promotional activities are expected to gain better grounds.
The APAC market can set to score big as the region is slowly opening up to various possibilities. Countries like India, Japan, China, and Indonesia can be considered as major boosters as their prolific run in the market can contribute significantly to the regional market growth. In the RoW zone, Brazil can ensure better growth possibilities for the Calf Milk Replacers Market.
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