Pet Milk Replacers Market is projected to reach USD 330 million by 2027, exhibiting a CAGR of 7.8% during forecast period.

Introduction of the Global Pet Milk Replacers Market Report

Pet milk replacers are the most popular milk formula used for pets. The pet milk replacement products are considered as a healthy alternative for puppies & kittens which are not fed milk from their mother due to illness of the mother or high litter number.

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The rising number of household pets among consumers is one of the biggest factors responsible for the growth of the pet milk replacers market. Moreover, the growing demand for nutritious and whole-food for pets is further expected to fuel market growth. Over the past few years, the trend of keeping household pets has significantly increased among consumers across the globe, which in turn, has created numerous growth opportunities for various companies. These milk replacers enhance and maintain the health of various animals, especially puppies and kittens, in their early stages.

The food item offers a wide range of micronutrients, including minerals and vitamins, which are essential for the growth, development, and well-being of pets. It is a convenient way to feed infant animals as this is highly cost-effective as compared to regular milk. They consist of the same ingredients present in mothers’ milk and are fed to young animals. A few vitamins and minerals that are not present in a mothers’ milk can be incorporated into these pet milk replacers and delivered to various animals as per their requirements. All these factors are expected to have a positive impact on industry growth over the next few years. Rising prices of milk is also increasing the demand for milk replacers among consumers in various regions. Enhanced nutritional value, coupled with its lower cost, is expected to fuel consumption of these pet milk replacers.

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Based on the Pet type, the dogs segment is expected to lead the market over the forecast period owing to the increasing adoption of puppies among the customers across the globe. In addition to this, the emerging trend towards dog adoption as a companion in families will further impact the segment growth positively. Additionally, the rising spending power among pet owners has improved, particularly in the emerging economies, such as India, China, Brazil, and Japan, which will further surge the growth of the segment.

On the basis of Product Type, the non-medicated segment is anticipated to grow at a higher CAGR during the forecast period due to the massive adoption of puppies by individuals around the world. The non-medicated milk replacer is produced using various vitamins, coccidiostats, ionophores, and probiotics as an additive to support the growth of the animals. All these factors are expected to energize the demand of the segment over the coming years.

Based on the form, the powder form is predicted to grow at a higher CAGR over the forecast period. Consumers are widely opting for the powder form of the product due to their longer shelf life, accessible transportation, storage, and handling. Besides, power replacers have the same nutritional content as that of regular milk and are highly cost-effective as compared to liquid milk replacers. Continuous R&D by various companies to expand the product’s application scope and introduce new and innovative products is anticipated to open new avenues for the industry over the forecast period.

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Based on the region, Asia-Pacific is anticipated to dominate the market over the forecast period. The growing trend of humanization of pets and rising disposable income in countries, including China, Japan, India, and South Korea, have emerged as the significant factors boosting consumer spending on pet care. These two factors are expected to surge the market growth in this region over the forecast period.

Various notable players operating in the market include CHS Inc., Pet-Ag, Inc., Cargill, Incorporated, Archer Daniels Midland Company, Land O’Lakes, Glanbia plc, Liprovit BV, Calva Products, LLC, Jordan Agri Limited, and Nutreco N.V., among others.

The global Pet Milk Replacers market has been segmented based on Pet type, Product type, form, and regions. Based on Pet Type, the market is segmented into Dogs and cats. Based on Product type, market is segmented into medicated and non-medicated. Based on Form, the market is segmented into liquid and powder. Based on key regions, the market is segmented into North America, Europe, Asia, and the Rest of the World.

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Key questions answered in this research report:

• • At what pace is global Pet Milk Replacers market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Pet Milk Replacers market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Pet Milk Replacers market?
  • What are the various product types of global Pet Milk Replacers market and how they are poised to grow?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Material Types during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Pet Milk Replacers Market by Pet Type 

• • Dogs
  • Cats
  • Others

Global Pet Milk Replacers Market by Product Type

• • Medicated
  • Non-medicated

Global Pet Milk Replacers Market by Form

• • Powder
  • Liquid

Global Pet Milk Replacers Market by Region

• • North America Pet Milk Replacers Market (Option 1: As a part of the free 25% customization)
    • North America Pet Milk Replacers Market by Pet Type
    • North America Pet Milk Replacers Market by Product Type
    • North America Pet Milk Replacers Market by Form
    • US Pet Milk Replacers Market All-Up
    • Canada Pet Milk Replacers Market All-Up
  • Europe Pet Milk Replacers Market (Option 2: As a part of the free 25% customization)
    • Europe Pet Milk Replacers Market by Pet Type
    • Europe Pet Milk Replacers Market by Product Type
    • Europe Pet Milk Replacers Market by Form
    • UK Pet Milk Replacers Market All-Up
    • Germany Pet Milk Replacers Market All-Up
    • France Pet Milk Replacers Market All-Up
    • Spain Pet Milk Replacers Market All-Up
    • Rest of Europe Pet Milk Replacers Market All-Up
  • Asia-Pacific Pet Milk Replacers Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Pet Milk Replacers Market by Pet Type
    • Asia-Pacific Pet Milk Replacers Market by Product Type
    • Asia-Pacific Pet Milk Replacers Market by Form
    • China Pet Milk Replacers Market All-Up
    • India Pet Milk Replacers Market All-Up
    • Japan Pet Milk Replacers Market All-Up
    • Rest of APAC Pet Milk Replacers Market All-Up
  • RoW Pet Milk Replacers Market (Option 4: As a part of the free 25% customization)
    • RoW Pet Milk Replacers Market by Pet Type
    • RoW Pet Milk Replacers Market by Product Type
    • RoW Pet Milk Replacers Market by Form
    • Brazil Pet Milk Replacers Market All-Up
    • South Africa Pet Milk Replacers Market All-Up
    • Saudi Arabia Pet Milk Replacers Market All-Up
    • UAE Pet Milk Replacers Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Pet Milk Replacers Market All-Up

Global Pet Milk Replacers Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • CHS Inc.
  • Pet-Ag, Inc.
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Land O’Lakes
  • Glanbia plc
  • Liprovit BV
  • Calva Products, LLC
  • Jordan Agri Limited
  • Nutreco N.V.