iCrowd Newswire
23 Jan 2022, 23:32 GMT+10
Organic milk replacers are ingredients containing the same nutrient content as milk and acts as a substitute for milk. This will be valuable to farmers in the animal husbandry sector. The replacers are made without the use of genetically modified organisms and provide vital micro-nutrients to calves. The global organic milk replacers market report by Market Research Future (MRFR) contains factors Global Liquid Milk Replacers Market size was estimated at USD 646.03 million in 2020, is expected to reach USD 683.50 million in 2021, and is projected to grow at a CAGR of 6.16% to reach USD 982.08 million by 2027.
The global organic milk replacers market is driven by the awareness of chemical-free products and efforts by dairy producers to take the organic route for milk production. High quality of milk as well as investments in research and development for animal rearing can drive the market growth. Benefits of organic milk replacers due to the content being similar in nutrition content to mother's milk can lead to its adoption by farmers.
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Zero-grazing sites in developed and underdeveloped regions can induce the need for organic milk replacers. Large consumption of beef, pork, and other farm animals can fuel its need in the market. But the outbreak of diseases can threaten its trade. However, organic milk replacers can provide the required nutrients for cultivating farm animals. But the lack of raw materials such as whey and other by-products for animal feed can pose a challenge to the market growth.
Organic milk replacers market has been segmented based on livestock type such as horse, cattle, sheep, swine, goats, and others.
Because of specialty type, the market is segmented into protein rich, lactose rich, energy booster, fiber rich, and others.
Because of form, this market is segmented into powder, liquid, and others.
Because of fortification, this market is segmented into organic acid, medication, vitamins, minerals, probiotics, yeast, electrolytes, and others.
Because of distribution channel, this market is segmented into store based and non-store based. Store based is further segmented into convenience stores, hyper and supermarkets, specialist retailers, and others.
Global organic milk replacers market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe is predicted to lead in the market due to strict laws for preventing the spread of any diseases. Supportive laws agreed in the European Union can lead to adherence of common standards making it favorable for the market to expand in the region. The global organic milk replacers market can thrive in the region owing to the inclination towards veganism and the preference of organic foods. Heavy consumption of meat will also influence the market demand.
APAC has followed Europe and will adopt these replacers owing to its need in the animal husbandry sector. Large production of cattle in China and India can facilitate market growth. The need for meat, milk, and other by-products in the foods & beverages sector will influence the demand for organic milk replacers.
North America can contribute heavily to the market owing to being host to milk-producing countries of the U.S. and Canada. Furthermore, support of organic milk replacers over conventional replacers as well as supportive policies encouraging organic farming can work in favor of the market.
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Competition Outlook
Kent Nutrition Group, Manna Pro, Royal Milc, Inc., KGM Ltd, Sav-a-Caf, S.I.N. Hellas, and Biocom Ltd are key players of the global organic milk replacers market. Mergers and acquisitions are a key strategy of players to gain a foothold in the market. Recently, Denkavit, a Dutch company, has acquired Grober Nutrition LLC to enter the U.S. market.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Tags: Organic Milk Replacers Market, Organic Milk Replacers Market Outlook, Organic Milk Table of Content, Global Organic Milk Replacers Market
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