Pet Milk Market Heightened Revenue Growth USD 173.1 million at a CAGR +6% by end of 2027| Pet Ag, Inc., Beaphar, B.V., Grober Nutrition, Inc., Fetch for Pets, LLC, Milk Products, Inc., Manna Pro Products

Pet milk or pet milk replacers are used as substitute for pet mother’s milk (colostrum) to feed neonate puppies and kittens. When a mother dog or mother cat is not present or not capable of producing milk due to poor health conditions or sometimes if mother milk is available in insufficient quantity, then pet milk replacers are used as they provide neonate dogs and cats with essential nutrients and proteins required for survival, growth, and development.

The global pet milk market size is expected to reach $173.1 million by 2027 at a CAGR of +6% from 2021 to 2027.

Growth in trend of owning a companion animal such as dogs and cats is gaining much more popularity than before due to factors such as physical and mental health related benefits and improved social status. Owning a pet can reduce stress, boost confidence, keep heart healthy, and help control blood pressure and cholesterol levels. These are scientifically proven facts that encourage people to own pets. Hence, rise in adoption of pets is a vital factor that propels growth of the pet milk market.

Key Players

Some of the key Players are Pet Ag, Inc., Beaphar, B.V., Grober Nutrition, Inc., Fetch for Pets, LLC, Milk Products, Inc., Manna Pro Products, LLC, Petlife International Ltd., Royal Canin U.S.A., Inc., Toplife Formula Pvt. Ltd., and Versele-Laga, N.V.

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Pet Milk Market Key Trends

The demand for nutritious and whole food for pets is a key trend bolstering the expansion in the pet milk market. In some cases, the cost-effectiveness of pet milk when the infants don’t have timely access is boosting the market proposition.

Rising spending on average cat or dog owner on pet food is substantial in some developed regions, fueling the prospects in the pet milk market. In the early stages, puppies and kittens are increasingly considered suitable for feeding pet milk.

The growing demand for pet milk that works in post-surgery case and convalescence is also boosting the prospects in the pet milk market. Growing post-weaned puppies and kittens have been target consumers.

 

Pet Milk Market Segmentation

By Pet Category

  • Dogs
  • Cats
  • Others

By Product

  • Medicated
  • Non-medicated

By Form

  • Powder
  • Liquid

According to the pet milk market trends, depending on distribution channel, specialty stores are popular among customers to buy pet milk. Easy availability of desired brands and forms of pet milk drives growth of the specialty store segment. Online sale of pet milk through e-commerce is also gaining popularity among customers, owing to proliferation of digital platforms at a global level.

Region wise, North America dominated the pet milk market in 2019, and is expected to sustain its dominance throughout the forecast period. The key factors driving the pet milk market growth in the region are high purchasing capacity of majority of the population, high demand for companion animals such as dogs and cats, humanization of pets, and consumer awareness regarding health benefits of owning a pet.

The players operating in the global pet milk industry have adopted various developmental strategies to expand their market share, exploit the pet milk market opportunity, and increase profitability in the market.

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Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Detailed TOC of Global Pet Milk Market Research Report-

– Pet Milk Market Introduction and Market Overview

– Pet Milk Market, by Application

– Pet Milk Market Industry Chain Analysis

– Pet Milk Market, by Type

– Industry Manufacture, Consumption, Export, Import by Regions

– Industry Value ($) by Region

– Global Pet Milk Market Status and SWOT Analysis by Regions

– Major Region of Pet Milk Market

  1. i) Global Pet Milk Market Sales
  2. ii) Global Pet Milk Market Revenue & market share

– Major Companies List

– Conclusion

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