Pune, India -- (SBWire) -- 12/27/2018 --Market Scenario:
The Global Organic Milk Replacers Market is anticipated to be driven by the increasing awareness of nutrients such as fats, proteins, vitamins & minerals and others. Mass market penetration is leading to introduction of new products and their retail across various regions. High focus on Research & Development has led to innovations and in the product line which has fueled up the market share of organic milk replacers in global market. High benefits obtained from organic products is also supporting the sale of organic milk replacers globally. Among the various type of medicated and non-medicated are evaluated to hold a major share as wide range of products are available in this category attracting consumers towards the product line. Additionally, the advancement in product development coupled with the technological advancements is considered to be one of the significant reasons for the increasing growth of organic milk replacers market during the review period of 2017-2023.
Milk or Milk Replacer is one of the most critical components in the successful rearing of orphaned or hand reared livestock. It is liquid nutrition comparable to mother's milk, which is given to young animals. Organic milk replacer is naturally made without the use of any chemical offering extra micro-nutrients including different vitamins & minerals. Organic milk replacers offer diverse range of products, enriched with various nutrients. Adoption of chemical-free products is considered to be one of the major drivers for this market. Increased awareness about the organic milk replacer has raised the bar for quality and in turn, the market share for organic milk replacers on a global level.
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Downstream market analysis
Globalization and urbanization are major driving force for this market, furthermore popularity of milk replacers and usage of natural ingredients are also encouraging the growth of the market.
Rising demand of organic products, is expected to play a significant role in the growth of organic milk replacers market during the forecast period.
Additionally, the advancement in product development coupled with the technological advancements is considered to be one of the significant reasons for the increasing growth of organic milk replacers market during the review period of 2017-2023.
Additionally, organic milk replacer varieties are also expected to gain popularity due to requirement of milk for young animals owing to not receiving mother's milk.
Competitive analysis:
Kent Nutrition Group (U.S.)
Royal Milk, Inc. (U.S.)
Manna Pro (U.S.)
I.N. Hellas (Greece)
Biocom Ltd (Belarus)
KGM Ltd (Latvia)
Sav-a-Caf (U.S.)
The demand for organic milk replacers has pushed manufacturers to innovate and develop new product line which are better in taste and offers various health benefits.
Regional Analysis:
Global organic milk replacers market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, European region has the major market share followed by Asia Pacific. Increased production of organic milk replacers in India and China is projected to generate a high revenue from Asia Pacific region during the given forecast period. Changing consumer preferences for natural and authentic products will support the sale of organic milk replacers in various region during the forecast period. Strong emphasis on the organized farming practices in the livestock industries and increase in awareness about precision nutrition techniques have been the driving factors in these regions. However, Asia Pacific region is estimated to witness a maximum growth in the global organic milk replacers market during the forecast period of 2017-2023.
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Organic Milk Replacers Market to Showcase Excellent Growth by 6.4% CAGR Up to 2023: Industry Growth Scenario, Status and Forecast by MRFR
The Global Organic Milk Replacers Market is anticipated to be driven by the increasing awareness of nutrients such as fats, proteins, vitamins & minerals and others. Mass market penetration is leading to introduction of new products and their retail across various regions.