Calf Milk Replacer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Calf Milk Replacer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global calf milk replacer market is set to witness substantial expansion over the coming decade, according to the latest market outlook spanning from 2024 to 2031. With a projected value-based compound annual growth rate (CAGR) of 7.0%, the market is anticipated to soar from US$ 5.4 Billion to approximately US$ 8.5 Billion by 2031.

Key Trends Driving Market Growth
• Rising Demand for Ready-to-consume Animal Nutrition Products: The increasing population of calves coupled with a growing demand for whole milk in the dairy industry is fueling the need for ready-to-consume calf milk replacers. These products, formulated with high-quality ingredients, ensure optimal development of calves from an early stage. With features like easy mixing and compatibility with automated feeding systems, the market for calf milk replacers is poised for substantial growth.
• Increasing Adoption of Non-Medicated Nutritional Products: Dairy farmers are increasingly opting for non-medicated calf milk replacers to ensure animal welfare and productivity without the use of medications. Non-medicated variants offer cost-effectiveness and help alleviate animal stress, thereby promoting better health and development among calves.
• Promotional Strategies by Key Players: Leading players in the calf milk replacer market are focusing on enhancing brand visibility through strategic advertising and promotion across various platforms. The proliferation of online sales channels has facilitated easier access to products and heightened awareness regarding animal nutrition, driving market demand.
• Lack of Awareness among End Users: Despite the benefits of calf milk replacers, a lack of awareness persists among farmers, particularly in tropical regions. Challenges such as unpredictable product availability and variable product quality hinder market growth in these regions.

Regional Insights
• Dominance of Europe and North America: Established markets like Europe and North America are set to dominate the global calf milk replacer market, jointly accounting for over 50% of the total value share in 2023. Europe, in particular, is expected to lead with a 32% share, driven by government mandates aimed at enhancing early-stage animal health.
• High Potential in the Asian Market: The Asian market presents significant growth opportunities for calf milk replacers, fueled by factors such as rapid urbanization, improved economic conditions, and heightened awareness of nutritional values. With expected value CAGRs exceeding 7% in South Asia and 8% in East Asia, tier-1 companies are increasingly targeting this lucrative market.

Category-wise Insights
• Segmental Revenue Breakdown: Dairy-based milk replacers are projected to witness steady growth, driven by consumer preference for dairy-derived proteins and fats. Non-medicated variants are expected to dominate with over 86% market share in 2023, owing to their cost-effectiveness and ease of availability.
• Form-wise Analysis: Powdered calf milk replacers are anticipated to hold the highest market value share of 95% in 2023, attributed to their longer shelf life and convenient usage.

Competitive Analysis

Major players in the global calf milk replacer market are adopting strategies to offer value-added products focused on calf health and welfare. Additionally, there is a trend towards strategic acquisitions aimed at expanding global presence and market share.

With these key trends and insights shaping the market landscape, the global calf milk replacer market is poised for substantial growth in the coming years, offering promising opportunities for stakeholders across the industry.

Key companies profiled:
• Archer Daniels Midland Company
• Cargill, Incorporated
• Land O’Lakes, INC
• BIOMIN Holding GmbH
• BEWITAL agri GmbH & Co.
• LACTALIS GROUP
• FrieslandCampina N.V.
• VanDrie Group
• Calva Products, LLC.
• Liprovit BV
• Sprayfo
• CHS Inc.
• Hubbard Feeds Inc.
• ProCalf
• The Calf Company



Calf Milk Replacer Industry Research by Category

By Type:
• Medicated
• Non-Medicated

By Source:
• Powder
• Liquid

By Form:
• Dairy-based
• Non-Dairy based

By Region:
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.