Latin America Milk Replacers Market

Latin America Milk Replacers Market Size (2024 to 2032)

The Latin America Milk Replacers Market size is approximately USD 0.40 billion in 2024. It is likely to grow at a CAGR of 8.36% to reach USD 0.75 billion by 2032. It is second to last in terms of market share.

A milk replacer is sometimes used as a substitute for feeding the progeny of cows or other animals if the mother’s milk is not adequately available. Widespread technique of precision nutrition, growing utilization of milk worldwide, latest technological developments in Milk Replacers and growth/investment opportunities are quite few of the observable trends in this market. Liquid milk replacers are steadfast in their growth to capture the rising demand as their digestion is easy, and provide appropriate nutrition to offspring.

Market Drivers

Primary factors driving this market comprise the rising milk prices, increasing awareness of cost-benefits and nutritional aspects of milk replacer substances, wide ranging adoption of precision nutrition techniques, growing mortality concerns and other health-related issues, conjoined with increase in nutritional mismatches in the early birth stage of livestock offspring.

Market Restraints

High costs of milk replacer proteins coupled with availability and rising utilization of waste or trans-species milk as a substitute are the primary factors inhibiting the growth of this market. Milk replacers market is limited by their availability to the formulators for development because of the stringent regulatory controls imposed by the government on the use of antibiotics. However, feed can’t be manufactured without government sanction.

SEGMENTAL ANALYSIS

Latin America Milk Replacers Market By Type

•  Medicated
•  Non-medicated

Non-medicated accounts for the largest share. It is because of its degenerate prices. On the other hand, medicated is the fastest growing segment.

Latin America Milk Replacers Market By Livestock

• Ruminants
• Swine
• Others (equine, pets)

Latin America Milk Replacers Market By source

• Milk based
• Non-milk based
• Blended

Milk based are the ideal since the digestive system of the progeny is genetically designed to function on milk which maximises nutrition absorption from the milk based replacers.

Latin America Milk Replacers Market By Form

• Powder
• Liquid

In 2016, powder milk replacers segment was the largest and fastest-growing segment because of ease of use, handling, and storage.

Latin America Milk Replacers Market By Region

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

It is second to last both in terms of market share and CAGR. Brazil commands the largest market share in the region.

Key Players in the Market

Major Key Players in the Latin America Milk Replacers Market are Cargill (U.S.), Archer Daniels Midland Company (U.S.), CHS Inc. (U.S.), Land O’ Lakes (U.S.), Lactalis Group (France), Glanbia, Plc (Ireland), VanDrie Group (Netherlands)FrieslandCampina (Netherlands), Nutreco N.V. (Netherlands), and Alltech (U.S.)