Pet Milk Replacers Market Growth, and Demand Forecast 2024-2032

Global Pet Milk Replacers Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global pet milk replacers market size reached USD 234.32 Million 2023.
• The market is expected to reach USD 438.17 Million  by 2032, exhibiting a growth rate (CAGR) of 7.20% during 2024-2032.
• North America leads the market, accounting for the largest pet milk replacers market share.
• Non-medicated holds the majority of the market share in the product segment due to its cost effectiveness and accessibility. 
• Dogs exhibit a clear dominance in the pet milk replacers industry.
• Powder remains a dominant segment in the market because it can be customized as per the requirement of pets.
• The rising awareness about pet health among pet parents is a primary driver of the pet milk replacers market.
• The growing number of e-commerce platforms are reshaping the pet milk replacers market.

Industry Trends and Drivers:

• Increasing pet adoption:

As more people are adopting pets, particularly puppies, kittens, and other young animals, there is an increase in the demand for pet care products like milk replacers, which can provide essential nutrition for nursing pets. The increasing pet adoption also comes with the rising number of orphaned or abandoned animals in shelters, requiring milk replacers for their survival and proper development. Shelters and rescue organizations are using these products to care for such animals, increasing bulk purchases. Besides this, breeders and pet parents require specialized formulations to cater to the specific nutritional needs of these animals during the critical early stages, which is driving the demand for pet milk replacers around the world.

• Growing number of e-commerce platforms:

E-commerce platforms are providing pet parents, ease of accessibility to a wide variety of pet milk replacer brands and formulations, making it easier for them to find specific products tailored as per their pets' needs.  These digital platforms are allowing pet parents to access products from international markets that may not be available in physical stores near them. Moreover, these e-commerce platforms offer home delivery services, ensuring that pet parents receive their milk replacers directly to their doorsteps, making it easier for busy pet parents or those living in remote areas to access these essential products.

• Rising awareness about pet health:

As pet parents are becoming more informed about the importance of proper nutrition for pets, they are recognizing the need for milk replacers for supporting the growth and development of their young pets during their early life stages. Pet parents are opting for specialized milk replacers that offer added nutritional benefits like higher protein content, essential fatty acids, vitamins, and minerals that support the healthy development of young pets. Additionally, veterinarians are recommending milk replacers as essential products for young pets, especially those separated from their mothers or in need of supplemental feeding. The growing influence of veterinary advice is influencing the demand for these products.

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Pet Milk Replacers Market Report Segmentation:

Breakup By Product:

• Medicated
• Non-Medicated

Non-medicated represents the largest segment as it is used as a milk replacer for basic nutritional support rather than medical purposes.

Breakup By Pet Category:

• Dogs
• Cats
• Others

Dogs account for the majority of the market share owing to their higher adoption rates, compared to other pets.

Breakup By Form:

• Powder
• Liquid

Powder exhibits a clear dominance in the market because it offers convenience, longer shelf life, and ease of use.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys the leading position in the pet milk replacers market due to a high level of pet adoption, advanced veterinary care, and increasing awareness about pet health.

Top Pet Milk Replacers Market Leaders:

The pet milk replacers market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• ADM Animal Nutrition Inc. (Archer Daniels Midland Company)
• Calva Products LLC
• Cargill Incorporated
• Fetch For Pets LLC
• FrieslandCampina Ingredients (Royal FrieslandCampina N.V.)
• Lactalis Feed
• Manna Pro Products LLC
• Pet-Ag Inc.
• Purina Animal Nutrition LLC (Land O'Lakes Inc.)
• Royal Canin (Mars Incorporated)

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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