Rockville Pike , Dec. 20, 2024 (GLOBE NEWSWIRE) — The global calf milk replacer market is projected at a value of US$ 1.67 billion in 2024, according to a newly published study compiled by Fact.MR, a market research and competitive intelligence provider. Revenue from the sales of calf milk replacers is forecasted to increase at a CAGR of 4.1% from 2024 to 2034.
A combination of advanced nutritional science and eco-friendly practices in producing calf milk replacers are driving global market growth. In addition, the active involvement of more farmers in large-scale dairying enterprises looking for nutritious and economical alternative feeds is driving demand for calf milk replacers.
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With the evolution of dairy farming, it is becoming more important to replace calf milk. This is stimulating manufacturers of calf milk replacers to come up with more specialized blends offering specific nutritional food options. Some of the leading market players are investing highly in improving their product offerings with easily digestible and nutritious substitutes for conventional milk. Increasing R&D funding is set to boost the production of calf milk replacers with improved nutrients.
Key Takeaway from Market Study
- Global demand for calf milk replacers is projected to reach a market value of US$ 2.5 billion by the end of 2034.
- The market in Japan is forecasted to expand at a CAGR of 4.6% from 2024 to 2034.
- Worldwide sales of liquid calf milk replacers are evaluated to climb at 3.9% CAGR and reach US$ 1.26 billion by 2034-end.
- Demand for calf milk replacers in South Korea is analyzed to increase at a CAGR of 4.8% through 2034.
- East Asia is projected to capture 23.1% share of global market revenue by 2034-end.
- Global sales of non-dairy-based calf milk replacers are analyzed to rise at a 4% CAGR and reach US$ 1.33 billion by the end of 2034.
“Focus on technological innovations in food production, particularly in the United States, enhancing the nutritional profiles of calf milk replacers,” reports a Fact.MR analyst.
High Consumption of Calf Milk Replacers in United States Due to High Nutritional Profile
Demand for calf milk replacers in the United States is evaluated to increase at a CAGR of 4.4% and reach a market value of US$ 1.14 billion by the end of 2034. Increased demand for calf milk replacers in the country is due to the growing emphasis on innovations and technological advancements utilized in producing food products with necessary animal nutrients. This increased demand is owing to a high nutritional profile and easy digestibility, thereby ensuring optimum health and growth of calves.
Key Market Players in the Calf Milk Replacers Industry
The key business leaders as studied in the report include Archer Daniels Midland Company, The Calf Company, Cargill, Incorporated, BIOMIN Holding GmbH, Procalf, Land O’Lakes, Inc., Calva Products, LLC, FrieslandCampina N.V., Liprovit BV, Volac International Ltd., SHV Holdings, Franson Ltd., Denkavit International B.V., Bonanza Calf Nutrition Ltd., Mannapro, and Auctus are some of the leading manufacturers of calf milk replacers.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the calf milk replacer market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (medicated, non-medicated), source (dairy-based, non-dairy-based), and form (powder, liquid), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Discover Additional Market Insights from Fact.MR Research
The global milk protein concentrate market is valued at US$ 4.01 billion in 2024 and is anticipated to grow to US$ 7.64 billion by 2034. Demand for milk protein concentrates worldwide is expected to increase at a CAGR of 6.7% during the forecast period from 2024 to 2034.
The global plant-based milk powder market is anticipated to grow at a CAGR of 7.7%, rising from a valuation of US$ 425.3 million in 2024 to US$ 896.5 million by 2034. Meanwhile, other alternatives such as almond, soy, coconut, oat, and rice milk are also capturing significant consumer attention.
According to Fact.MR, the global organic milk market was valued at US$ 159.75 million in 2022, experiencing steady growth at a CAGR of 5% from 2018 to 2022. Looking ahead, the market is projected to accelerate further, expanding at a CAGR of 6.5% to achieve an impressive valuation of US$ 319.36 million by the end of 2033.
The global flavored milk market is projected to grow at a CAGR of 7% from 2023 to 2033, increasing from a valuation of US$ 6 billion in 2023 to US$ 12 billion by 2033. Consumer preference for tins and cans is rising, driven by the demand for high-quality packaging solutions with extended shelf life.
The global breast milk substitute market is projected to reach a valuation of US$ 45.1 billion by 2034, driven by rising demand for infant nutrition solutions. Revenue from breast milk substitutes is expected to contribute over 30% to the global infant formula market by that time.
About the Food and Beverage Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations provided by Fact.MR’s highly experienced food and beverages team assist clients worldwide in meeting their unique business intelligence requirements. With a portfolio of over a thousand reports and more than 1 million data points, the team has been analyzing the food and beverages industry across 50+ countries for over a decade. Offering unparalleled end-to-end research and consulting services, the team invites inquiries to explore how they can provide tailored solutions.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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