Functional Milk Replacers Market Overview
The global sales/shipment of functional milk replacers is predicted to grow at a rapid pace during 2021-2031. The profitability of the dairy and cattle-breeding industry depends on the efficient development of young calves.
Before weaning, liquid feed intake is frequently restricted to encourage early dry feed intake and allow for the development of ruminal function and early weaning. Functional milk replacers have been found to have an impact on neonatal calves' performance, behaviour, health, and welfare, which is estimated to be a significant market driver during 2021-2031.
Functional Milk Replacers Market Characterised by On-Going Research
The inclusion of Spray-dried plasma (SDP), spray-dried serum (SDS), or globulin concentrate have been extensively researched for their functional properties in milk replacers.
Ongoing studies on the subject are expected to discover the best way to use SDP in functional milk replacers. More recent findings reinforce the concept that ingesting SDP maintains gut barrier function and decreases inflammatory response overstimulation.
Immunoglobulins, albumin, fibrinogen, lipids, enzymes, and other substances having specialised biological activity in the intestine are found in spray-dried plasma and serum. Spray-dried plasma is now widely utilised to improve feed intake, growth, and efficiency in nursery pig feed and calf milk replacers.
The industry's ongoing research and development activity is expected to shed light on boosting the efficiency of functional milk replacers, resulting in market growth.
Plant-based Protein Sources are on the Rise in Functional Milk Replacers Market
Plant-based protein sources for functional milk replacers are both affordable and abundant. For instance, hydrolyzed wheat protein is a high-quality wheat protein concentrate developed to substitute dairy proteins in the animal feed system for young animals. It is a safe, consistent product that is highly digestible and is made in a secure, contaminant-free environment.
Another extensively utilised protein in functional milk replacers is soya protein concentrate, which is a by-product of the soya bean oil industry. Plant-based protein sources play an essential role in the protein component of milk replacers for young animals and provide an opportunity to optimally utilise by-products from other industries, which is expected to drive the demand for plant-based protein sources in the functional milk replacers market throughout the forecast period.
The US and Canada Demand Outlook for Functional Milk Replacers Market
Because of the large cattle population in the region, functional milk replacers in North America account for a substantial portion of the overall market. Due of shifting dairy feed prices, numerous breeders are expected to move to functional milk replacers during the forecast period.
Furthermore, the region's market is expected to rise due to the emergence of precision nutrition techniques, concerns about animal mortality, and the added nutritional value of functional milk replacers.
Europe Functional Milk Replacers Market outlook
The cattle population of Europe is slightly less when compared to North America, however, the per capita consumption of beef and dairy products is very high in the region and is estimated to rise during the forecast period.
The pattern of economic factors driving European dairy farmers to increase production per cow includes a milk-to-milk replacers price ratio that has generally shifted in favour of functional milk replacers, owing to the greater price stability associated it and the fact that on limited land resources, gross output and, thus, net output can be increased.
The flourishing cattle-breeding industry is estimated to drive sales of functional milk replacers in Europe during 2021-2031.
Functional Milk Replacers: Key players
Some key functional milk replacers market players include
- Cargill Incorporated
- Bongrain Group
- Amore Proteines
- Roquette Frères
- Strauss Feeds
- Trouw Nutrition GB
- Purina Animal Nutrition LLC
- ProviCo Pty. Ltd among others.
Functional Milk Replacers: Market Segmentation
Based on Source:
- Milk Sources
- Non-milk sources
- Soy protein
- Wheat protein
- Pea protein
Based on Type:
- Instantized Formula
- Non-instantized Formula
Based on Form:
Based on Distribution Channel:
- B2B (Direct sales)
- B2C (Indirect Sales)
- Specialty Store
- Convenience Store
- Discount Store
- Other Store-based Retailing
- Online retail
Based on Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa