Worldwide Organic Milk Replacers Market Projected to Grow at CAGR 6.4% During 2018 to 2023 | Asserts MRFR

Market Overview:

Global organic milk replacers market is projected to grow at CAGR of 6.4 % backed by growing demand for organic milk replacers, increasing variety of organic milk replacers are the key growth drivers responsible for the growth of global organic milk replacers market. Growing awareness about milk replacers enriched with various micro-nutrients has also boosted the sales of organic milk replacers

Globally with huge demand for organic milk replacers, this market will continue to grow, due to increasing milk requirement for young animals when mother’s milk is not available in recent years. Key players are investing in R&D for innovating product line as organic milk replacers market’s growth is directly proportional to the scope of innovation due to highly competitive market. Moreover, key players are also investing in partnership with various food chains as the main focus area is to grow the consumer base. Due to the increasing requirement of milk for young animals, there is rise in the demand for organic milk replacers.

Increasing number of animals in both developing and developed economies, is one of the driving forces for this market. Key players are also investing in R&D so as to focus on development of new product line with improved formulations. Organic milk replacers are consumed by many young animals as mother’s milk is not available to them, and to grow, they are given milk replacers. Organic milk replacers is loaded with nutrients such as fats, proteins, minerals & vitamins, and others. Hence, this market will grow at a CAGR of 6.4 %

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The major competitors in this market are inclined to increase their footprint across the world by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies in order to penetrate the untapped market. Major players are also investing in R&D initiatives especially to develop superior & high quality products by including nutrients as well as extra micro-nutrients. This factor will help them to penetrate the emerging organic milk replacers market and fulfil the growing demand. Improving economic conditions and impact of western culture on Asia Pacific region is driving the growth of this market, especially in countries like India and China, where China dominated the market followed by India.

Major Key Players:

This report includes a study of strategies such as mergers and acquisitions, product launches by the major organic milk replacer’s market players. It further includes product portfolios, developments of leading major players which includes

• Kent Nutrition Group (U.S.)
• Royal Milc, Inc. (U.S.)
• Imu-Tek (U.S.)
• Manna Pro (U.S.)
• I.N. Hellas (Greece)
• Biocom Ltd (Belarus)
• KGM Ltd (Latvia) and
• Sav-a-Caf (U.S.)

Key Findings:

The milk based replacers is projected to be the largest and fastest growing.

Europe has the highest market growth followed by Asia Pacific region.

Segments:

Organic milk replacers market has been segmented on the basis of livestock type such as cattle, sheep, goats, swine, horse, and others. Organic milk replacers dominates the market, because of its enrichment in various ingredients.

On the basis of specialty type, the market is segmented into protein rich, energy booster, fiber rich, lactose rich, and others.

On the basis of form, this market is segmented into powder, liquid, and others.

On the basis of fortification, this market is segmented into vitamins, minerals, medication, probiotics, organic acid, yeast, electrolytes and others.

On the basis of distribution channel, this market is segmented into store based such as hyper and super markets, specialist retailers, convenience stores, and others, and non-store based

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The organic milk replacers market is segmented under the following regions mentioned below:

North America

• US
• Canada
• Mexico 

Europe

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe 

Asia Pacific

• China
• India
• Japan
• Thailand
• Rest of Asia Pacific 

Rest of the world

• Latin America
• Middle East
• Others