Milk Replacers Market to Partake Significant Development
The milk replacers market stood at USD 2.3 billion in the year 2016, and is further estimated to reach USD 2.4 billion in the year 2017. Thereafter, it is projected to grow at a CAGR of 7.6% and reach USD 3.5 billion in the year 2022. The growth of this market primarily is attributed to some key factors:Rising milk prices, making it economically unfeasible to undertake livestock offspring...
Outlook on the Milk Replacers Market Globally
The milk replacers market stood at USD 2.3 billion in the year 2016, and is further estimated to reach USD 2.4 billion in the year 2017. Thereafter, it is projected to grow at a CAGR of 7.6% and reach USD 3.5 billion in the year 2022. The growth of this market primarily is attributed to some key factors:
Rising milk prices, making it economically unfeasible to
undertake livestock offspring feeding...
Growth opportunities and latent adjacency in Milk Replacers Market
The milk replacers market is projected to grow at a CAGR of 7.59% from 2017 to 2022, to reach a projected value of USD 3.54 billion by 2022. The market is driven by factors such as rise in milk prices, increase in awareness of cost-benefit and nutritional aspects of milk replacer products, adoption of precision nutrition techniques, concerns regarding mortality and health-related aspects, and rise...
Liquid Milk Replacers are in Demand Due to Rising Consumption of Dairy Products & Adoption of Precision Nutrition Techniques
The liquid milk replacers market is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major factors driving the liquid milk replacers market include the rising consumption of dairy products and the adoption of precision nutrition techniques.
The medicated type segment is expected to grow at the higher...