Global Liquid Milk Replacers Market was valued at US$ 180.06 Bn in 2019 and is expected to reach US$ 299Bn by 2026, at a CAGR of 5.3% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short term and long term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region wise.
Global Liquid Milk Replacer Market is going to push by growing consumption of dairy products. Dairy products and the adoption of precision nutrition techniques have influenced the Global Liquid milk Market.
Europe is predicted to account for the major market size in the liquid milk replacers market during the forecast period. Europe is projected to account for the major share of the market in 2018. The intake of liquid milk replacers in this region is majorly driven by the increasing demand for milk and milk products between customers. According to the Joint Research Centre of the European Commission, around 12.4% of the whole milk production in Europe is utilized for over-all consumption; with 36.1% being utilized for cheese making, 28.7% being utilized for butter, and 11.5% for cream.
This leaves about 20% of the produced milk available for young livestock consumption, providing an enormous market opportunity for milk replacers. Milk replacers also form a significant nutritional input for livestock fattening purposes, wherein they establish the major feed foodstuffs and account for a majority of the feed cost for young livestock meant for slaughter. Milk replacers are mainly produced in countries such as France, Germany, Italy, the Netherlands, and Belgium; and are exported throughout the region.
The report includes PEST analysis & PORTERS five force’s analysis. Market Attractive Analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
The key players operating in the Global Liquid Milk Replacers Market Archer Daniels Midland Company, CHS Inc., Calva Products, LLC, Cargill, Glanbia, PLC, Lactalis Group, Land O’lakes Inc., Liprovit BV, Nutreco N.V., Petag Inc., Nukamel.
Scope of the Global Liquid Milk Replacers Market
Global Liquid Milk Replacers Market, by Type
Global Liquid Milk Replacers Market, by Livestock
Global Liquid Milk Replacers Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Liquid Milk Replacers Market
• Archer Daniels Midland Company
• CHS Inc
• Calva Products, LLC
• Glanbia, PLC
• Lactalis Group
• Land O’lakes Inc
• Liprovit BV
• Nutreco N.V.
• Petag Inc
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