The pet milk replacers market industry is estimated to be worth USD 243.2 million by 2024. It is projected to reach USD 520.2 million by 2034, reflecting a CAGR of 7.9% over the assessment period 2024 to 2034.
The pet milk replacers market has emerged as one of the key segments of the global pet care industry, focusing on the rising demand for specialized nutritional solutions for baby pets, orphaned, or nursing pets.
Admittedly, there has come a shift concerning these high-quality milk replacers in urban and suburban areas due to the increased alternation of pet nutrition awareness, growing humanization perceptions concerning pets, and increased adoption rates of neonatal pets requiring supplemental feeding.
Growing adoption of pets coupled with the commercialized pet industry has bloomed during the previous forecast period as it thrived at a higher CAGR of 10.7% between 2017-2022. However, the pandemic led people to live alone and have a pet partner. The expanded pet market is followed by the latest forecast period.
– Vendors focus on creating milk replacer formulas identical to organic milk by adding the same proportion of nutrients and other elements. High demand comes from pet parents who have puppies and kittens as their pets.
– The awareness about the health and development of pets has increased along with the caring behaviour towards them. The increasing trend of treating pets as their family members has helped the pet-based market to gain traction, including the pet milk replacers market.
– Advanced technology creates the right proportion of protein and other elements for baby pets. Organizations that take care of orphaned puppies and kittens adopt commercial pet milk replacers through homemade milk replacers are likely to hamper the per milk replacers market growth through homemade puppy milk replacers are likely to restrict growth of pet milk replacers market.
Competitive Landscape
Some of the prominent players working in the Pet milk replacers market are Cargill, Archer Daniels Midland Company, Glanbia plc and, CHS Inc., Nutreco N.V. The competitors in the market focus on delivering the most identical milk type along with the higher amount of nutrients. Moreover, Key players are also trying to advance the digestibility of these milk replacers.
For instance:
- Cargill has introduced its HerdFirst milk replacers such as HerdFirst 20:20, HerdFirst 22:20, HerdFirst Early Calf 22.5:20 etc. These milk replacers provide support for enteric and overall health during the critical weeks.
- Archer Daniels Midland has introduced the calf milk replacer line that has been developed under the component ADM Alliance Nutrition and calf and heifer feeding programs.
Key Segments
By Pet Type:
- Dogs
- Cats
- Others
By Product Type:
- Medicated
- Non-medicated
By Form Type:
- Liquid
- Powder
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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