Global Pet Milk Replacers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Pet Milk Replacers Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global pet milk replacers market has been segmented on the basis of pet category/category of pet, product, form, as well as regions and countries.
When a pet is in its infantile stages of development, and is raised away from the care of its biological parents, it requires the same level of nourishment, in order to fully grow into a healthy adult. Pet milk replacers aim to cater to the needs of specific pets to allow them to lead healthy lives.
The increasing number of household pets across the world, and the surging demand for wholesome, nutritious pet food are primary factors that are expected to fuel the revenue growth of the global pet milk replacers in the coming years.
Pet milk replacers are a convenient and cost-effective way for owners to feed their pets, coupled with the fact that the market for milk replacers is fostered by the rising number of individuals who are looking to adopt a gluten-free diet for their pets. Post the COVID-19 outbreak, the manufacturing operations have come to a near standstill, impacting revenue growth immensely. However, due lockdowns enforced by respective governments, has resulted in a larger number of individuals stocking-up on essential pet supplies. This factor is slated to play a crucial role is softening the short-term effects of the pandemic by gradually increasing the revenue growth of this global market in the foreseeable future.
Segmentation of the global pet milk replacers market is as follows:
On the basis of pet category, the dogs segment accounted for the highest number of revenue shares of the global pet milk replacers market in 2019, and is expected to continue to do so in the years to come, owing to the increasingly larger proportion of puppies being adopted across the globe. However, the cats segment is slated to register the fastest rate of revenue growth due to the growing popularity of cats among consumers.
In terms of product, the non-medicated product segment accounted for the maximum number of revenue shares of this global market in 2019. This segment is also anticipated to continue to retain its position in this market over next decade. Non-medicated products contain various coccidiostats, vitamins, ionophores, and probiotics that immensely supports the physical growth of pets. However, the medicated segment is anticipated to index the fastest rate of revenue growth in the coming years, as these products are given to pets that are born with deficiencies or unfortunate illnesses, and not to healthy pets due to the presence of antibiotics in it which may not agree with the digestive systems of those types of pets.
With respect to form, the powdered-form segment accounted for the maximum number of revenue shares of the global pet milk replacers market, and is expected to retain this position over the next 10 years. This can be attributed to factors such as, easier to transport, store and handle, as well as a longer shelf life, when in powdered form. The liquid-form segment is slated to index the fastest rate of revenue growth in the near future due to increasing demand for these types of products.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global pet milk replacers market in 2019, due increasing number of animal shelters across this region, higher disposable incomes as well as growing number of individuals will to adopt a pet. The markets in the Asia Pacific are expected to register the fastest rate of growth owing to the increasing trend of pet adoption in this region, higher disposable incomes to afford pet care, as well as the expected demand for these products due the number of pets being presently adopted.
Segmentation of the Global Pet Milk Replacers Market:
Segmentation by Pets Category:
- Hypermarket & Supermarket
- Online Retail
Segmentation by Product:
Segmentation by Form:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- CHS Inc.
- Pet-AG Inc.
- Cargill Incorporated
- Archer Daniels Midland Company
- Land O’Lakes Inc.
- Glanbia plc
- Liprovit BV
- Calva Products LLC
- Jordan Agri Limited
- Nutreco N.V.
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