Global Functional Milk Replacers Market Overview

Global Functional Milk Replacers market was valued at USD 3.26 billion in 2021 and is expected to reach USD 5.21 billion by the year 2028, at a CAGR of 6.92%.

Milk replacers are made from substances that are easily digested by newborn animals, are nutrition-rich, and are cost-effective for farmers to employ. Furthermore, functional milk replacers, also known as milk replacers, are created from a variety of basic materials and are intended to replicate the nutritional characteristics of a cow's milk and are provided to newborn calves when real milk is unavailable or impractical. These milk replacers are crucial in improving and sustaining the health of calves in their early stages. Because newborn animals cannot digest standard feed materials such as soybean meal, maize, or byproduct substances, milk replacers require special ingredients. Traditionally, the components used in milk substitutes are byproducts of milk processing to make butter or cheese. When butter is manufactured, milk fat and water mix to form butter and a byproduct known as "skim milk" or "nonfat dry milk," which contains both casein and whey proteins, lactose, and minerals. Whey is a byproduct of cheese production. Cheese includes casein, butterfat, calcium, and phosphorus, whereas whey contains whey proteins and lactose, as well as different levels of sodium, potassium, and chloride, which may be added during the cheese-making process. Nonfat dry milk has around 35% protein, while whey protein is concentrated to "whey protein concentrate," or "WPC," which contains 34% protein after lactose is removed using crystallization or ultrafiltration.

For many years, the industry functional milk replacer had 20% protein and 20% fat (20/20) and was supplied at a rate of one pound per day, barely meeting the calorie requirements of a 100-pound calf. The 20/20 milk replacer was developed as a finishing milk replacer for veal calves and was never intended to be fed to newborn calves since 20 percent protein is insufficient for proper development and 20% fat is too high to maximize starter feed intake, which is the major driver for rumen development.

Market Dynamics and Factors for the Functional Milk Replacers Market:

Drivers:

Spray-dried plasma (SDP), spray-dried serum (SDS), and globulin concentrate have all been thoroughly studied for their functional qualities in milk substitutes. Ongoing research on the issue is likely to uncover the most effective approach to employ SDP in functional milk replacers. More recent research supports the idea that consuming SDP helps to preserve gut barrier function and reduces inflammatory response overstimulation. Spray-dried plasma and serum include immunoglobulins, albumin, fibrinogen, lipids, enzymes, and other compounds with specialized biological action in the gut. Spray-dried plasma is currently commonly used in nursery pig feed and calf milk replacers to promote feed intake, growth, and efficiency. The industry's continued R&D work is projected to provide light on improving the efficiency of functional milk replacers, leading to market growth.

Customers become more concerned about their health as their disposable money increased. Companies are concentrating on nutrient-rich ingredients that boost immunity and aid digestion to attract customers, which is expected to boost the growth of the functional milk replacers market. The demand for dairy products is rapidly increasing, particularly in developed countries, as a result of technological advancements, increased awareness of nutritional benefits, increased demand for quality products to reduce diseases, and urbanization, all of which are expected to boost the growth of the functional milk replacers market.

Restraints:

The high input costs of functional milk replacer protein, as well as the availability and increasing use of waste or trans-species milk as a profitable alternative, are the main obstacles impeding the growth of the functional milk replacers industry. The severe regulatory limits placed by countries on the use of antibiotics have resulted in a limitation in the variety of functional milk replacers accessible for development by formulators. Furthermore, the feed cannot be created without the approval of the government.

Challenges:

The majority of the dairy sector is still unorganized, which poses a significant impediment to the market's expansion. The demand for vegan diet adaptation is increasing as people become more aware of the problems associated with meat intake, which is expected to slow the growth of the functional milk replacers market.

Opportunities:

The functional milk replacers market is offering better quality services, which can bring more opportunities for the global market. Moreover, growing consciousness regarding the significance of functional milk replacer products will generate more lucrative opportunities for producers and manufacturers. In addition, the rising application of sorghum all over the various regions can bring more opportunities and scope for the upcoming years' functional milk replacers market. Furthermore, the Asia Pacific region has is the most ruminant animal which is expected to create profitable opportunities for the manufacturers in the upcoming years.

Market Segmentation

Based on the source, the non-milk source segment is expected to register the maximum market share during the forecast period. Plant-based protein sources for functional milk replacers are both cheap and plentiful. Hydrolyzed wheat protein, for example, is a high-quality wheat protein concentrate intended to replace dairy proteins in the animal feed system for young animals. It is a safe, consistent product that is easily digested and is manufactured in a sterile, contaminant-free setting. Soya protein concentrate, a byproduct of the soya bean oil industry, is another widely used protein in functional milk replacers. Plant-based protein sources are essential in the protein component of milk replacers for young animals and allow for the optimal utilization of by-products from other industries, which is expected to drive demand for plant-based protein sources in the functional milk replacers market throughout the forecast period.

Based on the livestock, the ruminants segment is expected to dominate the market over the forecast period. Ruminants are expected to be the most important segment over the projection period. Because ruminants are used for dairy and meat production, raising healthy calves is one of the most important criteria for livestock in general and ruminants in particular. Calves are born with just the abomasum, or fourth stomach, working, hence digestion in calves is solely dependent on the enzymes found in the abomasum. As a result, newborn ruminants are offered high-quality milk replacers, which enable young calves to meet their nutritional demands while also boosting their immune against illnesses.

Based on the form, powder form is expected to hold the largest market share over the forecast period. The powdered milk replacers category was the largest. Powdered milk replacers are less expensive than whole milk feed for baby mammals. They are made up of substances like whey and sodium caseinate. Powders are simple to handle and store, which is one of the primary reasons for their rising popularity among animal rearers.

Players Covered in Functional Milk Replacers market are :

• Cargill Incorporated
• Land O' Lakes
• Bongrain Group
• Viafield
• Amore Proteins
• CHS Inc.
• Roquette Frères
• Strauss Feeds
• Trouw Nutrition GB
• MAXCARE
• Purina Animal Nutrition LLC
• ProviCo Pty. Ltd
• ADM
• Lactalis Group
• Glanbia Plc
• VanDrie Group
• FrieslandCampina
• Nutreco N.V.
• Alltech and others major players.

Regional Analysis for the Functional Milk Replacers Market:

Due to the European Commission's emphasis on decreasing input costs and improving animal health in the early stages of development, the European region accounted for the largest market for milk replacers. The region's need for milk replacers is being fueled by an increase in the adoption of scientific methods of livestock rearing as a result of the livestock industry's modernization. Although Europe's cattle population is slightly lower than that of North America, the region's per capita consumption of beef and dairy products is quite high and is expected to climb throughout the projection period. The pattern of economic factors driving European dairy farmers to increase production per cow includes a milk-to-milk replacers price ratio that has generally shifted in favor of functional milk replacers, owing to the greater price stability associated with it and the fact that gross output and, thus, the net output can be increased on limited land resources. During the projected period, the thriving cow breeding business is expected to increase sales of functional milk replacers in Europe.

The Asia Pacific region is expected to develop the quickest in the worldwide market. Farmers in Asia-Pacific are focused on the inclusion of nutritious components in the feed of young livestock to guarantee optimal productivity growth as a consequence of progressive urbanization and an increase in demand for quality animal products. Given the nutritional benefits of the functional milk replacers, as well as their economic advantages as supplements, the demand for milk replacers in this region is increasing. Furthermore, the growing acceptance and demand for functional milk replacers in the dairy farming business have an influence on the functional milk replacers market in this area, creating opportunities for growth in the next years.

Key Industry Developments in the Functional Milk Replacers Market:

• In June 2019, Land O'Lakes, Inc. teamed with the Netherlands-based Royal Agrifirm Group to establish Agrilakes, a dairy animal feed joint venture in China. The new firm will leverage both companies' current market expertise, technology, and research capabilities to deliver world-class service to feed clients and dairy farmers in China.
• In October 2019, Royal FrieslandCampina N.V. stated that it has entered into an arrangement with Royal A-ware to expand its production and delivery of mozzarella cheese. In addition to milk, knowledge, and recipes, the previous firm will be in charge of the selling of mozzarella cheese. The latter, on the other hand, is programmed to monitor the processing of milk and the manufacture of mozzarella cheese.

COVID-19 Impact on the Functional Milk Replacers Market:

The pandemic epidemic of coronavirus illness (COVID-19) has generated great uncertainty in worldwide market growth. The pandemic epidemic has impacted variables and altered the market's overall dynamics in unfathomable ways. The effectiveness and intensity of containment efforts to the extent of supply disruptions, shifts in spending patterns, behavioral changes (such as avoiding purchasing), the ramifications of the dramatic tightening in global market conditions, confidence effects, volatile commodity prices, and increasing debt burdens are the factors that have negatively impacted the market. Several dairy processors have responded to the impact of COVID-19 on markets by taking different steps such as temporarily lowering milk prices and/or production levels. According to this research, the largest financial impact on dairy producers would be a three-month decrease in milk price. Diverting greater milk supply to calves and lowering milk replacer expenses, on the other hand, would have the least impact during the same period. According to the most recent AHDB costings, the middle 50% of British all-year-round calving herds had negative net margins on average.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Source
 3.2 By Type
 3.3 By Form
 3.4 By Distribution Channels

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Functional Milk Replacers Market by Source
 5.1 Functional Milk Replacers Market Overview Snapshot and Growth Engine
 5.2 Functional Milk Replacers Market Overview
 5.3 Milk Sources
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Milk Sources: Grographic Segmentation
 5.4 Non-Milk Sources
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Non-Milk Sources: Grographic Segmentation
 5.5 Blended
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Blended: Grographic Segmentation

Chapter 6: Functional Milk Replacers Market by Type
 6.1 Functional Milk Replacers Market Overview Snapshot and Growth Engine
 6.2 Functional Milk Replacers Market Overview
 6.3 Instantized Formula
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Instantized Formula: Grographic Segmentation
 6.4 Non-Instantized Formula
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Non-Instantized Formula: Grographic Segmentation

Chapter 7: Functional Milk Replacers Market by Form
 7.1 Functional Milk Replacers Market Overview Snapshot and Growth Engine
 7.2 Functional Milk Replacers Market Overview
 7.3 Powder
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Powder: Grographic Segmentation
 7.4 Liquid
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Liquid: Grographic Segmentation

Chapter 8: Functional Milk Replacers Market by Distribution Channels
 8.1 Functional Milk Replacers Market Overview Snapshot and Growth Engine
 8.2 Functional Milk Replacers Market Overview
 8.3 Hypermarket/Supermarket
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Hypermarket/Supermarket: Grographic Segmentation
 8.4 Specialty Store
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Specialty Store: Grographic Segmentation
 8.5 Convenience Store
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Convenience Store: Grographic Segmentation
 8.6 Online Retail
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Online Retail: Grographic Segmentation
 8.7 Others
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Functional Milk Replacers Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Functional Milk Replacers Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Functional Milk Replacers Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 CARGILL INCORPORATED
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 LAND O' LAKES
 9.4 BONGRAIN GROUP
 9.5 VIAFIELD
 9.6 AMORE PROTEINS
 9.7 CHS INC.
 9.8 ROQUETTE FRÈRES
 9.9 STRAUSS FEEDS
 9.10 TROUW NUTRITION GB
 9.11 MAXCARE
 9.12 PURINA ANIMAL NUTRITION LLC
 9.13 PROVICO PTY. LTD
 9.14 ADM
 9.15 LACTALIS GROUP
 9.16 GLANBIA PLC
 9.17 VANDRIE GROUP
 9.18 FRIESLANDCAMPINA
 9.19 NUTRECO N.V.
 9.20 ALLTECH
 9.21 OTHER MAJOR PLAYERS

Chapter 10: Global Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Source
  10.2.1 Milk Sources
  10.2.2 Non-Milk Sources
  10.2.3 Blended
 10.3 Historic and Forecasted Market Size By Type
  10.3.1 Instantized Formula
  10.3.2 Non-Instantized Formula
 10.4 Historic and Forecasted Market Size By Form
  10.4.1 Powder
  10.4.2 Liquid
 10.5 Historic and Forecasted Market Size By Distribution Channels
  10.5.1 Hypermarket/Supermarket
  10.5.2 Specialty Store
  10.5.3 Convenience Store
  10.5.4 Online Retail
  10.5.5 Others

Chapter 11: North America Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Source
  11.4.1 Milk Sources
  11.4.2 Non-Milk Sources
  11.4.3 Blended
 11.5 Historic and Forecasted Market Size By Type
  11.5.1 Instantized Formula
  11.5.2 Non-Instantized Formula
 11.6 Historic and Forecasted Market Size By Form
  11.6.1 Powder
  11.6.2 Liquid
 11.7 Historic and Forecasted Market Size By Distribution Channels
  11.7.1 Hypermarket/Supermarket
  11.7.2 Specialty Store
  11.7.3 Convenience Store
  11.7.4 Online Retail
  11.7.5 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Source
  12.4.1 Milk Sources
  12.4.2 Non-Milk Sources
  12.4.3 Blended
 12.5 Historic and Forecasted Market Size By Type
  12.5.1 Instantized Formula
  12.5.2 Non-Instantized Formula
 12.6 Historic and Forecasted Market Size By Form
  12.6.1 Powder
  12.6.2 Liquid
 12.7 Historic and Forecasted Market Size By Distribution Channels
  12.7.1 Hypermarket/Supermarket
  12.7.2 Specialty Store
  12.7.3 Convenience Store
  12.7.4 Online Retail
  12.7.5 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Source
  13.4.1 Milk Sources
  13.4.2 Non-Milk Sources
  13.4.3 Blended
 13.5 Historic and Forecasted Market Size By Type
  13.5.1 Instantized Formula
  13.5.2 Non-Instantized Formula
 13.6 Historic and Forecasted Market Size By Form
  13.6.1 Powder
  13.6.2 Liquid
 13.7 Historic and Forecasted Market Size By Distribution Channels
  13.7.1 Hypermarket/Supermarket
  13.7.2 Specialty Store
  13.7.3 Convenience Store
  13.7.4 Online Retail
  13.7.5 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Source
  14.4.1 Milk Sources
  14.4.2 Non-Milk Sources
  14.4.3 Blended
 14.5 Historic and Forecasted Market Size By Type
  14.5.1 Instantized Formula
  14.5.2 Non-Instantized Formula
 14.6 Historic and Forecasted Market Size By Form
  14.6.1 Powder
  14.6.2 Liquid
 14.7 Historic and Forecasted Market Size By Distribution Channels
  14.7.1 Hypermarket/Supermarket
  14.7.2 Specialty Store
  14.7.3 Convenience Store
  14.7.4 Online Retail
  14.7.5 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Functional Milk Replacers Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Source
  15.4.1 Milk Sources
  15.4.2 Non-Milk Sources
  15.4.3 Blended
 15.5 Historic and Forecasted Market Size By Type
  15.5.1 Instantized Formula
  15.5.2 Non-Instantized Formula
 15.6 Historic and Forecasted Market Size By Form
  15.6.1 Powder
  15.6.2 Liquid
 15.7 Historic and Forecasted Market Size By Distribution Channels
  15.7.1 Hypermarket/Supermarket
  15.7.2 Specialty Store
  15.7.3 Convenience Store
  15.7.4 Online Retail
  15.7.5 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. FUNCTIONAL MILK REPLACERS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. FUNCTIONAL MILK REPLACERS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. FUNCTIONAL MILK REPLACERS MARKET COMPETITIVE RIVALRY
TABLE 005. FUNCTIONAL MILK REPLACERS MARKET THREAT OF NEW ENTRANTS
TABLE 006. FUNCTIONAL MILK REPLACERS MARKET THREAT OF SUBSTITUTES
TABLE 007. FUNCTIONAL MILK REPLACERS MARKET BY SOURCE
TABLE 008. MILK SOURCES MARKET OVERVIEW (2016-2028)
TABLE 009. NON-MILK SOURCES MARKET OVERVIEW (2016-2028)
TABLE 010. BLENDED MARKET OVERVIEW (2016-2028)
TABLE 011. FUNCTIONAL MILK REPLACERS MARKET BY TYPE
TABLE 012. INSTANTIZED FORMULA MARKET OVERVIEW (2016-2028)
TABLE 013. NON-INSTANTIZED FORMULA MARKET OVERVIEW (2016-2028)
TABLE 014. FUNCTIONAL MILK REPLACERS MARKET BY FORM
TABLE 015. POWDER MARKET OVERVIEW (2016-2028)
TABLE 016. LIQUID MARKET OVERVIEW (2016-2028)
TABLE 017. FUNCTIONAL MILK REPLACERS MARKET BY DISTRIBUTION CHANNELS
TABLE 018. HYPERMARKET/SUPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 019. SPECIALTY STORE MARKET OVERVIEW (2016-2028)
TABLE 020. CONVENIENCE STORE MARKET OVERVIEW (2016-2028)
TABLE 021. ONLINE RETAIL MARKET OVERVIEW (2016-2028)
TABLE 022. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 023. NORTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY SOURCE (2016-2028)
TABLE 024. NORTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY TYPE (2016-2028)
TABLE 025. NORTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY FORM (2016-2028)
TABLE 026. NORTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 027. N FUNCTIONAL MILK REPLACERS MARKET, BY COUNTRY (2016-2028)
TABLE 028. EUROPE FUNCTIONAL MILK REPLACERS MARKET, BY SOURCE (2016-2028)
TABLE 029. EUROPE FUNCTIONAL MILK REPLACERS MARKET, BY TYPE (2016-2028)
TABLE 030. EUROPE FUNCTIONAL MILK REPLACERS MARKET, BY FORM (2016-2028)
TABLE 031. EUROPE FUNCTIONAL MILK REPLACERS MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 032. FUNCTIONAL MILK REPLACERS MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC FUNCTIONAL MILK REPLACERS MARKET, BY SOURCE (2016-2028)
TABLE 034. ASIA PACIFIC FUNCTIONAL MILK REPLACERS MARKET, BY TYPE (2016-2028)
TABLE 035. ASIA PACIFIC FUNCTIONAL MILK REPLACERS MARKET, BY FORM (2016-2028)
TABLE 036. ASIA PACIFIC FUNCTIONAL MILK REPLACERS MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 037. FUNCTIONAL MILK REPLACERS MARKET, BY COUNTRY (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA FUNCTIONAL MILK REPLACERS MARKET, BY SOURCE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA FUNCTIONAL MILK REPLACERS MARKET, BY TYPE (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA FUNCTIONAL MILK REPLACERS MARKET, BY FORM (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA FUNCTIONAL MILK REPLACERS MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 042. FUNCTIONAL MILK REPLACERS MARKET, BY COUNTRY (2016-2028)
TABLE 043. SOUTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY SOURCE (2016-2028)
TABLE 044. SOUTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY TYPE (2016-2028)
TABLE 045. SOUTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY FORM (2016-2028)
TABLE 046. SOUTH AMERICA FUNCTIONAL MILK REPLACERS MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 047. FUNCTIONAL MILK REPLACERS MARKET, BY COUNTRY (2016-2028)
TABLE 048. CARGILL INCORPORATED: SNAPSHOT
TABLE 049. CARGILL INCORPORATED: BUSINESS PERFORMANCE
TABLE 050. CARGILL INCORPORATED: PRODUCT PORTFOLIO
TABLE 051. CARGILL INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. LAND O' LAKES: SNAPSHOT
TABLE 052. LAND O' LAKES: BUSINESS PERFORMANCE
TABLE 053. LAND O' LAKES: PRODUCT PORTFOLIO
TABLE 054. LAND O' LAKES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. BONGRAIN GROUP: SNAPSHOT
TABLE 055. BONGRAIN GROUP: BUSINESS PERFORMANCE
TABLE 056. BONGRAIN GROUP: PRODUCT PORTFOLIO
TABLE 057. BONGRAIN GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. VIAFIELD: SNAPSHOT
TABLE 058. VIAFIELD: BUSINESS PERFORMANCE
TABLE 059. VIAFIELD: PRODUCT PORTFOLIO
TABLE 060. VIAFIELD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. AMORE PROTEINS: SNAPSHOT
TABLE 061. AMORE PROTEINS: BUSINESS PERFORMANCE
TABLE 062. AMORE PROTEINS: PRODUCT PORTFOLIO
TABLE 063. AMORE PROTEINS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. CHS INC.: SNAPSHOT
TABLE 064. CHS INC.: BUSINESS PERFORMANCE
TABLE 065. CHS INC.: PRODUCT PORTFOLIO
TABLE 066. CHS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. ROQUETTE FRÈRES: SNAPSHOT
TABLE 067. ROQUETTE FRÈRES: BUSINESS PERFORMANCE
TABLE 068. ROQUETTE FRÈRES: PRODUCT PORTFOLIO
TABLE 069. ROQUETTE FRÈRES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. STRAUSS FEEDS: SNAPSHOT
TABLE 070. STRAUSS FEEDS: BUSINESS PERFORMANCE
TABLE 071. STRAUSS FEEDS: PRODUCT PORTFOLIO
TABLE 072. STRAUSS FEEDS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. TROUW NUTRITION GB: SNAPSHOT
TABLE 073. TROUW NUTRITION GB: BUSINESS PERFORMANCE
TABLE 074. TROUW NUTRITION GB: PRODUCT PORTFOLIO
TABLE 075. TROUW NUTRITION GB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. MAXCARE: SNAPSHOT
TABLE 076. MAXCARE: BUSINESS PERFORMANCE
TABLE 077. MAXCARE: PRODUCT PORTFOLIO
TABLE 078. MAXCARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. PURINA ANIMAL NUTRITION LLC: SNAPSHOT
TABLE 079. PURINA ANIMAL NUTRITION LLC: BUSINESS PERFORMANCE
TABLE 080. PURINA ANIMAL NUTRITION LLC: PRODUCT PORTFOLIO
TABLE 081. PURINA ANIMAL NUTRITION LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. PROVICO PTY. LTD: SNAPSHOT
TABLE 082. PROVICO PTY. LTD: BUSINESS PERFORMANCE
TABLE 083. PROVICO PTY. LTD: PRODUCT PORTFOLIO
TABLE 084. PROVICO PTY. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. ADM: SNAPSHOT
TABLE 085. ADM: BUSINESS PERFORMANCE
TABLE 086. ADM: PRODUCT PORTFOLIO
TABLE 087. ADM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. LACTALIS GROUP: SNAPSHOT
TABLE 088. LACTALIS GROUP: BUSINESS PERFORMANCE
TABLE 089. LACTALIS GROUP: PRODUCT PORTFOLIO
TABLE 090. LACTALIS GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. GLANBIA PLC: SNAPSHOT
TABLE 091. GLANBIA PLC: BUSINESS PERFORMANCE
TABLE 092. GLANBIA PLC: PRODUCT PORTFOLIO
TABLE 093. GLANBIA PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. VANDRIE GROUP: SNAPSHOT
TABLE 094. VANDRIE GROUP: BUSINESS PERFORMANCE
TABLE 095. VANDRIE GROUP: PRODUCT PORTFOLIO
TABLE 096. VANDRIE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. FRIESLANDCAMPINA: SNAPSHOT
TABLE 097. FRIESLANDCAMPINA: BUSINESS PERFORMANCE
TABLE 098. FRIESLANDCAMPINA: PRODUCT PORTFOLIO
TABLE 099. FRIESLANDCAMPINA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. NUTRECO N.V.: SNAPSHOT
TABLE 100. NUTRECO N.V.: BUSINESS PERFORMANCE
TABLE 101. NUTRECO N.V.: PRODUCT PORTFOLIO
TABLE 102. NUTRECO N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. ALLTECH: SNAPSHOT
TABLE 103. ALLTECH: BUSINESS PERFORMANCE
TABLE 104. ALLTECH: PRODUCT PORTFOLIO
TABLE 105. ALLTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 106. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 107. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 108. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY SOURCE
FIGURE 012. MILK SOURCES MARKET OVERVIEW (2016-2028)
FIGURE 013. NON-MILK SOURCES MARKET OVERVIEW (2016-2028)
FIGURE 014. BLENDED MARKET OVERVIEW (2016-2028)
FIGURE 015. FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY TYPE
FIGURE 016. INSTANTIZED FORMULA MARKET OVERVIEW (2016-2028)
FIGURE 017. NON-INSTANTIZED FORMULA MARKET OVERVIEW (2016-2028)
FIGURE 018. FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY FORM
FIGURE 019. POWDER MARKET OVERVIEW (2016-2028)
FIGURE 020. LIQUID MARKET OVERVIEW (2016-2028)
FIGURE 021. FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY DISTRIBUTION CHANNELS
FIGURE 022. HYPERMARKET/SUPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 023. SPECIALTY STORE MARKET OVERVIEW (2016-2028)
FIGURE 024. CONVENIENCE STORE MARKET OVERVIEW (2016-2028)
FIGURE 025. ONLINE RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 026. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 027. NORTH AMERICA FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. EUROPE FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. ASIA PACIFIC FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. MIDDLE EAST & AFRICA FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. SOUTH AMERICA FUNCTIONAL MILK REPLACERS MARKET OVERVIEW BY COUNTRY (2016-2028)