Varie
Animal Milk Replacer Market to Reach $6.5 Bn, Globally, by 2030 at 4.9% CAGR: AMR
Rise in population and increased standard of living coupled with surge in concerns among people over their baby animals have boosted the growth of the global animal milk replacer market. However, lack of awareness and faith in traditional ways of feeding animals hamper the market growth. On the contrary, increase in pet adoption would unlock new opportunities in the future.
By type, the dairy based segment held the largest share in 2020, accounting for more than one-third of the global animal milk replacer market, due to the greater availability of raw materials. However, the plant based segment is expected to register the highest CAGR of 6.0% during the forecast period, owing to rising preferences of people toward plant-based food products for their pets and animals globally.
By form, the calf segment held the lion's share in 2020, contributing to nearly half of the global animal milk replacer market, owing to rise in production of calf and livestock. However, the puppies segment is estimated to manifest the highest CAGR of 6.0% from 2021 to 2030, due to increase in adoption rate of puppies in Asia-Pacific and Latin America .
By region, the global animal milk replacer market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market. In addition, the region is projected to portray the highest CAGR of 6.0% during the forecast period, owing to increasing urbanization and rising investment of manufacturers in the region, owing to rise in concerns of pet owners over their nutritional diet and advanced technologies adopted by manufacturers in the region.
https://www.alliedmarketresearch.com/avenue/trial/starter
https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong : +852-301-84916
India ( Pune ): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg