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The global market for pet milk substitutes is expected to grow at a CAGR of 9.9% from 2018 to 2025. In 2023, the market is expected to be worth US$ 225 million, and by 2030, that number is expected to grow to US$ 480 million.
There has been a worldwide uptick in the popularity of keeping dogs as housemates over the past few years. The rising popularity of keeping pets provides a market expansion opportunity for a wide range of businesses around the world. Milk substitutes, medicines, foods, and accessories for cats and dogs have seen a rise in demand as more and more homes get pets. Pet food, including milk substitutes for kittens and puppies, costs American pet owners an average of $200 to $300 per year, according to the American Pet Product Associations.
The health of young animals, such as puppies and kittens, can be greatly improved and maintained with the use of milk replacers. Commercial pets, like as kittens and puppies, require a diet rich in micronutrients like minerals and vitamins, which are provided by this food item.
Market research on pet milk substitutes shows that as people's incomes rise, their compassion for animals grows. The demand for pet milk replacers has increased as the post-pandemic pet sector has flourished. Developed countries like the United States and Canada account for a disproportionate share of market consumption. The glorified culture of pet grooming has been facilitated by the metropolitan surroundings and the modern residential structure. Future market trends are anticipated to favor cutting-edge technology that accurately blends nutrients.
Orphaned pets that are adopted through NGOs are also projected to stimulate the demand for pet milk replacers, in addition to increased adoption and improved milk replacement technology. Consumer spending on premium pet milk replacers has been expanding in recent years, largely due to the global rise of the "humanization of pets" movement. Providers of kitten and puppy food with specially formulated protein and nutritional ratios to promote optimal health. As a result, there is a greater need for pet milk substitutes. Veterinarians often recommend milk replacers to ensure the proper nutrition of the rescued animals, especially the young ones.
For dogs and pups in particular, the nutritional backing of pet milk replacers is substantial. Their accessibility has also helped fulfill the desire for milk when neonates don't obtain their dose for various reasons. Commercial pet food manufacturers' emphasis on newborn care for calves, puppies, and kittens has influenced the growth of the pet milk replacers market. One trend driving growth in the pet milk replacers industry is the increasing amount of money pet owners are spending on food for their cats and dogs. Products in the pet milk replacers market can be fortified with a variety of minerals and vitamins.
One major factor fueling the growth of the pet milk replacers market is the rising demand for high-quality pet nutrition. The value argument of pet milk substitutes is being bolstered in some circumstances by the cost-effectiveness of these products in situations where newborns do not have timely access. The prospects of the pet milk replacers industry are bolstered by the rising spending of typical cat and dog owners on pet food in several developed nations. Pet milk replacers are becoming accepted as appropriate for feeding young puppies and kittens. The market for pet milk substitutes is expected to rise, in part due to the rising need for products that can be used after recovery from surgery. Puppy and kitten owners with growing pets after weaning have been the target market.
Report Coverage
Global Pet Milk Replacers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pet Milk Replacers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pet Milk Replacers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pet Milk Replacers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pet Milk Replacers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pet Milk Replacers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc., Nutreco N.V., Pet-Ag, Inc., Land O’Lakes, Liprovit BV, Calva Products, LLC, Jordan Agri Limited.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pet Milk Replacers market based on the below-mentioned segments:
Global Pet Milk Replacers Market, By Pet Type
Dogs
Cats
Others
Global Pet Milk Replacers market, By Product Type
Medicated
Non-medicated
Global Pet Milk Replacers Market, By Form Type
Liquid
Powder
Global Pet Milk Replacers Market, By End-use
Calves
Kittens
Puppies
Others (Piglets, Foals, and Others)
Global Pet Milk Replacers market, Regional Analysis
There has been a worldwide uptick in the popularity of keeping dogs as housemates over the past few years. The rising popularity of keeping pets provides a market expansion opportunity for a wide range of businesses around the world. Milk substitutes, medicines, foods, and accessories for cats and dogs have seen a rise in demand as more and more homes get pets. Pet food, including milk substitutes for kittens and puppies, costs American pet owners an average of $200 to $300 per year, according to the American Pet Product Associations.
The health of young animals, such as puppies and kittens, can be greatly improved and maintained with the use of milk replacers. Commercial pets, like as kittens and puppies, require a diet rich in micronutrients like minerals and vitamins, which are provided by this food item.
Market research on pet milk substitutes shows that as people's incomes rise, their compassion for animals grows. The demand for pet milk replacers has increased as the post-pandemic pet sector has flourished. Developed countries like the United States and Canada account for a disproportionate share of market consumption. The glorified culture of pet grooming has been facilitated by the metropolitan surroundings and the modern residential structure. Future market trends are anticipated to favor cutting-edge technology that accurately blends nutrients.
Orphaned pets that are adopted through NGOs are also projected to stimulate the demand for pet milk replacers, in addition to increased adoption and improved milk replacement technology. Consumer spending on premium pet milk replacers has been expanding in recent years, largely due to the global rise of the "humanization of pets" movement. Providers of kitten and puppy food with specially formulated protein and nutritional ratios to promote optimal health. As a result, there is a greater need for pet milk substitutes. Veterinarians often recommend milk replacers to ensure the proper nutrition of the rescued animals, especially the young ones.
For dogs and pups in particular, the nutritional backing of pet milk replacers is substantial. Their accessibility has also helped fulfill the desire for milk when neonates don't obtain their dose for various reasons. Commercial pet food manufacturers' emphasis on newborn care for calves, puppies, and kittens has influenced the growth of the pet milk replacers market. One trend driving growth in the pet milk replacers industry is the increasing amount of money pet owners are spending on food for their cats and dogs. Products in the pet milk replacers market can be fortified with a variety of minerals and vitamins.
One major factor fueling the growth of the pet milk replacers market is the rising demand for high-quality pet nutrition. The value argument of pet milk substitutes is being bolstered in some circumstances by the cost-effectiveness of these products in situations where newborns do not have timely access. The prospects of the pet milk replacers industry are bolstered by the rising spending of typical cat and dog owners on pet food in several developed nations. Pet milk replacers are becoming accepted as appropriate for feeding young puppies and kittens. The market for pet milk substitutes is expected to rise, in part due to the rising need for products that can be used after recovery from surgery. Puppy and kitten owners with growing pets after weaning have been the target market.
Report Coverage
Global Pet Milk Replacers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pet Milk Replacers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pet Milk Replacers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pet Milk Replacers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc., Nutreco N.V., Pet-Ag, Inc., Land O’Lakes, Liprovit BV, Calva Products, LLC, Jordan Agri Limited. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pet Milk Replacers Market from 2021 to 2030.
- Market Forecast for Pet Milk Replacers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pet Milk Replacers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pet Milk Replacers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pet Milk Replacers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pet Milk Replacers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc., Nutreco N.V., Pet-Ag, Inc., Land O’Lakes, Liprovit BV, Calva Products, LLC, Jordan Agri Limited.
Primary Target Market
- Market Players of Pet Milk Replacers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pet Milk Replacers market based on the below-mentioned segments:
Global Pet Milk Replacers Market, By Pet Type
Dogs
Cats
Others
Global Pet Milk Replacers market, By Product Type
Medicated
Non-medicated
Global Pet Milk Replacers Market, By Form Type
Liquid
Powder
Global Pet Milk Replacers Market, By End-use
Calves
Kittens
Puppies
Others (Piglets, Foals, and Others)
Global Pet Milk Replacers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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