Pet Milk Replacers Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

As per Future Market Insights (FMI), the global pet milk replacers market is projected to reach US$ 192.7 Mn in 2021. New pet parents are embracing the trend of pet humanization, resulting in increasing expenditure on pet products and accessories.

Growing preference towards sustainable and nutrient-rich pet feed is propelling sales of pet milk replacers. FMI projects the market to grow at a robust 7.10% CAGR through 2031.

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The advent of the novel COVID-19 pandemic led to dampened sales of pet milk replacers due to restrictions in movement and disrupted supply chains. However, FMI projects a positive demand outlook for the pet milk replacers, as the market experienced year-over-year growth by 6.30% from 2020 to 2021.

Pet milk replacers are emerging as beneficial additions to pet diets. Pet milk replacers are generally fed to puppies and kittens to meet the need for nutrition which is lacking in cow or goat milk.

Most dog breeds and feline species are allergic to cow’s milk. Having highly sensitive digestive systems, these animals are susceptible to gastrointestinal issues which can even lead to severe outcomes.

pet milk replacers market sector region wise plc position and notable trends 2021-2031

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Pet Milk Replacers Market by Category

By Pet Type: 

  • Dogs
  • Cats
  • Others

By Product Type:

  • Medicated
  • Non-medicated

By Form Type:

  • Liquid
  • Powder

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding China (APEC)
  • China
  • Middle East & Africa (MEA)

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Key Questions Answered in the Report

  • What is the current pet milk replacers market value?

    The pet milk replacers market reached a valuation of US$ 192.7 Mn in 2021.

  • At what rate did the pet milk replacers market grow between 2016 and 2020?

    The pet milk replacers market experienced positive growth, exhibiting a 6.30% CAGR between 2016 and 2020.

  • What are the key trends driving pet milk replacers sales?

    Growing prevalence of pet humanization, coupled with longer shelf life and convenience of pet milk replacers are key growth accelerators in the market.

  • Who are the leading players in the pet milk replacers market?

    Leading players operating in the pet milk replacers market include Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc. and Pet-Ag, Inc.

  • What will be the demand outlook for the North America pet milk replacers market?

    The North America pet milk replacers market is anticipated to grow at a steady 4.90% CAGR during the forecast period.

  • At what rate will the sales of pet milk replacers grow in Europe?

    The pet milk replacers market in Europe is expected to exhibit a healthy 5.60% CAGR through 2031.

  • What is the market share of leading players in the pet milk replacers market?

    The top 5 players in the pet milk replacers market collectively account for approximately 15-25% of the global market share in 2021.

  • Which are the top countries driving the sales of pet milk replacers?

    Top countries in driving the pet milk replacers market sales are the U.S., France, Germany, China, and Brazil.

  • What is the current market share of Japan and South Korea in the global pet milk replacers market?

    Japan and South Korea will account for 4.9% and 3.2% of the total market share respectively.

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