Pet Milk Replacers Market Outlook
According to the report by Expert Market Research (EMR), the global pet milk replacers market size is projected to grow at a CAGR of 7.3% between 2024 and 2032. Aided by the rising pet ownership and the need to fulfil nutritional needs of animals in the agricultural industry, the market is expected to grow significantly by 2032.
Pet milk replacers are specially formulated diets designed to provide a nutritional substitute for the milk of mother cats and dogs, primarily for orphaned, rejected, or supplemental feeding of newborn pets. These products are essential for ensuring the health and growth of young pets, providing balanced nutrition that mimics natural mother’s milk.
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The primary driver of the pet milk replacers market growth is the increasing number of pet owners globally. With pets being considered part of the family, there is a growing focus on providing optimal nutrition and care, especially for newborn pets.
There is a growing awareness among pet owners about the importance of proper nutrition for the health and well-being of their pets. This has led to an increased demand for specialised pet nutrition products, including milk replacers.
As per the pet milk replacers market analysis, continuous research and development in the field of pet nutrition have led to the creation of more advanced and nutritionally balanced milk replacers. These products are formulated to cater to the specific needs of different breeds and species.
In North America, particularly in the United States, the market is driven by high pet ownership rates, a strong focus on pet health and nutrition, and the presence of major pet care companies. Meanwhile, the Asia-Pacific region is accounting for a significant portion of the pet milk replacers market share, driven by increasing pet ownership and a growing focus on pet health and nutrition in countries like China, Japan, and India.
The global market is poised for significant growth, driven by increasing pet ownership, rising awareness of pet health and nutrition, and advancements in pet nutrition research. While challenges like cost and availability persist, the opportunities in emerging markets and continuous product innovation are paving the way for the market’s expansion. As pet care continues to evolve, pet milk replacers are becoming an increasingly important component of newborn pet nutrition, ensuring healthy growth and development.
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Pet Milk Replacers Market Segmentation
The market can be divided based on pet category, product, form, and region.
Market Breakup by Pet Category
- Dogs
- Cats
- Others
Market Breakup by Product
- Medicated
- Non-Medicated
Market Breakup by Form
- Powder
- Liquid
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Pet Milk Replacers Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pet milk replacers market. Some of the major players explored in the report by Expert Market Research are as follows:
- CHS Inc.
- Pet-Ag, Inc.
- Archer-Daniels-Midland Company
- Purina Animal Nutrition LLC.
- Calva Products Inc.
- Others
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