Organic Milk Replacers Market Size To Expand at a Notable CAGR Of 7.98% During 2022-2030

May, 2023 - Market Research Future has published a half-cooked research report on the Global Organic Milk Replacers Market

Overview:

Organic Milk Replacers Market Highlights

The global organic milk replacers market is gaining traction owing to a paradigmatic shift in industrialization and as its acolyte, urbanization is facing some groundbreaking changes. The result is a substantial change in lifestyle that has raised demands for livestock-related foods. Hence, a hike in the nutritional value of animal meat is of much importance. This can be cultured by producing organic milk replacer. Increasing awareness regarding vitamins, minerals, and fatty acids have made people realize the value of organic milk replacer which can boost the market in the coming days significantly. At the same time, the organic milk replacers market can experience the boons of innovations as various companies are investing much in research and developments for better and varied production range.

Segmental Analysis:

The global organic milk replacers market can be segmented by livestock type, specialty type, form, fortification, and distribution channel.

Based on the livestock type, the organic milk replacers market can be segmented into cattle, sheep, goats, swine, horse, and others.

Based on the specialty type, the organic milk replacers market includes protein-rich, energy booster, fiber-rich, lactose-rich, and others.

Form-wise, this organic milk replacers market consists powder, liquid, and others. Powder segment is cost-effective. Hence, it is gaining much precedence in the sector.

Fortification-based segmentation of the organic milk replacers market comprises vitamins, minerals, medication, probiotics, organic acid, yeast, electrolytes, and others. Nutritional aspect is playing a major role in providing the necessary market boost. But medicated ones are finding it simpler to create a widespread base.

Based on the distribution channel, this organic milk replacers market can be segmented into store-based such as hyper and supermarkets, specialist retailers, convenience stores, and others, and non-store based.

The global organic milk replacers market can be segmented by North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

Europe, at present, is helming the organic milk replacers market as the region has several stringent laws to curb any type of toxicity. Primarily, the market is driven by the demand for animal meat. Hence, the region is so strict with the regulations. It gives more traction to the organic milk replacers market.

The APAC market is second in terms of the revenue generation. Increased production of cattle in India and China to meet the local and global animal meat needs can be seen as a huge market factor. The regional market can achieve the fastest CAGR during the forecast period.

Competitive Landscape:

Players impacting the organic milk replacers market are as Kent Nutrition Group (U.S.), Royal Milc, Inc. (U.S.), Manna Pro (U.S.), S.I.N. Hellas (Greece), Biocom Ltd (Belarus), KGM Ltd (Latvia), and Sav-a-Caf (U.S.).

In May 2021, Manna Pro, a manufacturer, and marketer of animal nutrition based out of Missouri brought VetScience and their brand Fruitables. This can be seen as a strategic decision to expand the market.