(Food-Beverage-News.Com, March 21, 2018 ) Raising healthy calves is one of the foremost aspects for livestock and ruminants especially, given their use for milk and meat production. The expansion in demand for milk replacers for these livestock segments has been attributed to the rise in the development of dairy farms and the rising demand for milk for human consumption.
The Europe Milk Replacers market size was around USD 600 million in 2016. it is expected to grow at a CAGR of 7.5% to achieve USD 860 billion by 2021. Presently, it commands the biggest market share of around 45% of the global market share.
The ease of handling, transportation, storage, and usage is driving the demand for the powdered milk replacers. Also, these milk replacers are less expensive, as against the liquid milk replacers, rendering them affordable and this additionally makes a vital impact on the demand for the merchandise.
The market has been gaining importance because of the rise in milk prices, growth in awareness concerning the advantages of the milk replacer merchandise, adoption of precise nutrition techniques, and issues concerning mortality and health-related aspects of the livestock.
High concentration on Research & Development has led to innovations in the products that have spiced up the market share of organic milk replacers within the Europe market.
By geography, the Europe Milk Replacers market has been categorized into Germany, U.K, France, Spain, and Italy. The increase in the use of scientific strategies of livestock rearing ensuing from the modernization of the livestock business is the principal reason behind the projected growth of the market.
The top companies in the current market include Cargill, Archer Daniels Midland Company, CHS Inc., Land O' Lakes, and Lactalis Group, Glanbia, Plc, VanDrie Group, FrieslandCampina, Nutreco N.V., and Alltech.
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