Hyderabad, India -- (SBWIRE) -- 02/07/2018 -- The report "Global Milk Replacers Market By Type (Medicated, And Non-Medicated), Livestock (Ruminants, And Swine), Source (Milk-based, Non-milk-based, And Blended), Form (Powdered, And Liquid) - Forecast to 2021", The Genomics market is expected to reach USD 3.48 Billion by 2021 from an estimated USD 2.41 Billion in 2016, at a CAGR of 7.6%. Hike in the milk prices, awareness about the nutrition of Milk Replacers and cost benefits are the major factors driving the Milk Replacers Market.

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By type, the Non-medicated segment accounted for the largest share of the market in 2016.
On the basis of type, the Milk Replacers market has been segmented into Medicated and Non-Medicated. In 2016, the Non-medicated segment accounted for the largest share of the global Milk Replacers market. Moreover past analysis tells that Medicated Segment is going to increase at a high CAGR in the forecast period.

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On the basis of Livestock, the milk replacers market has been segmented into Ruminants, And Swine.

By Source, the Milk Based segment accounted for the largest share of the market in 2016
On the basis of Source, the Milk Replacers market has been segmented into Milk-based, Non-milk-based, and Blended. In 2016, the Milk Based segment accounted for the major share of the Milk Replacers Market. This is because of the acceptance of the Milk based products by more number of people and is anticipated to increase more in the forecast period.

On the basis of form the Milk Replacers Market is further divided into Powdered, And Liquid. In 2016, powdered milk replacers occupied the major share of the market size.

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Europe accounted for the largest share of the Genomics market in 2016, followed by Asia Pacific. The large share of the Europe Milk Replacers market can be attributed to the growth for the demand of milk replacers products in this region. Asia pacific is also a potential market in the Milk Replacers Market and is expected to grow at a high CAGR in the forecast period.

The various players in the Milk Replacers Market include Cargill (U.S.), Archer Daniels Midland Company (U.S.), CHS Inc. (U.S.), Land O' Lakes (U.S.), and Lactalis Group (France), Glanbia, Plc (Ireland), VanDrie Group (Netherlands), FrieslandCampina (Netherlands), Nutreco N.V. (Netherlands), and Alltech (U.S.).

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