Pet Milk Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Jul 2022 Pages: 120 SKU: IRTNTR73927

The pet milk market share is expected to increase to USD 57.16 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.09%.

This pet milk market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pet milk replacers market segmentation by product (powder and liquid) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The pet milk market report also offers information on several market vendors, including Beaphar Beheer BV, Grober Nutrition, Manna Pro Products LLC, Mars Inc., Milk Specialties Global, Nukamel BV, PBI Gordon Co. Inc., and Petlife International Ltd. among others.

What will the Pet Milk Market Size be During the Forecast Period?

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Pet Milk Market: Key Drivers, Trends, and Challenges

The rising awareness of pet nutrition is notably driving the pet milk market growth, although factors such as stringent regulations in the US pet food industry restricting the entry of new vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pet milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pet Milk Market Driver

The rising awareness of pet nutrition is one of the key drivers fueling the pet milk replacers market growth. Typically, nutritional deficits still occur in pets though they consume homemade diets made by pet owners using organic and vegetarian products. This is because pet foods do not go through the same regulations and testing procedures as commercial pet foods, they are not as healthy or nutritionally balanced to suit the dietary needs of pets. In addition, pet diets must meet the needs of different ages and weights. As a result, pet owners are increasingly opting for specialized, functional pet food products over homemade diets. Such an increasing awareness of pet nutrition is anticipated to drive market growth during the forecast period.

Key Pet Milk Market Trend

The growing number of milk product launches for puppies and kittens is one of the key pet milk market trends propelling the market growth. The global pet milk market has witnessed significant advances in new product formulations in recent years. The following are some of the product launches that have helped vendors to expand their product portfolios:

  • In February 2021, Meyenberg Goat Milk, a goat milk producer, introduced a new range of milk products for puppies and kittens. The company introduced these goat milk products under its new brand Tailspring.
  • In February 2021, PetAg, Inc., a subsidiary of PBI Gordon Co. Inc., announced the launch of Esbilac Liquid Milk Replacer, a new range of pet milk powder for puppies.

The aforementioned product developments among vendors will provide a plethora of purchase options for buyers, which will augment the growth of the global pet milk market during the forecast period.

Key Pet Milk Market Challenge

Stringent regulations in the US pet food industry restricting the entry of new vendors is one of the key factors challenging the pet milk market growth. Pet food manufacturers in the US must comply with federal and state regulations regarding the quality and safety of ingredients and finished pet food products. Any ingredient to be used in pet foods must be accepted by the FDA and adopted by the Association of American Feed Control Officials (AAFCO), which is an organization comprised of state regulatory officials that engage in developing bills and regulations for the pet food industry in the US. Meanwhile, the FSMA provisions and regulations are aimed at improving the standards related to the formulation, processing, packaging, distribution, and sales of pet foods. For instance, The provision focuses on establishing current good manufacturing practices (CGMPs) and facilities for pet food production. These stringent regulations may challenge market growth in the coming years.

This pet milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global pet milk market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pet milk market during the forecast period.

Who are the Major Pet Milk Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Beaphar Beheer BV
  • Grober Nutrition
  • Manna Pro Products LLC
  • Mars Inc.
  • Milk Specialties Global
  • Nukamel BV
  • PBI Gordon Co. Inc.
  • Petlife International Ltd.

 

This statistical study of the pet milk replacers market encompasses successful business strategies deployed by the key vendors. The pet milk market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Beaphar.com - The company offers pet milk such as Lactol Kitten Milk.
  • Grobernutrition.com - The company offers pet milk such as PuppyGro and KittenGro.
  • Mannapro.com - The company offers pet milk such as Nurse All Multi-Species Milk Replacer with probiotics.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pet milk market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pet Milk Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pet milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pet Milk Market?

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33% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the pet milk market in North America. Market growth in this region will be slower than the growth of the market in APAC and South America.

The increase in the awareness among pet owners, on customized nutritional and dietary requirements for their pets, will facilitate the pet milk market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the pet milk market witnessed a decline owing to the spread of the COVID-19 pandemic in North America. However, due to the initiation of vaccination drives in 2021, offline distribution channels offering pet milk products reopened in North America. This positively impacted the regional market growth. Moreover, the increase in the number of pet owners in the US and their growing concern regarding pet food products is expected to fuel the growth of the market in the region during the forecast period.

What are the Revenue-generating Product Segments in the Pet Milk Market?

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The pet milk market share growth by the powder segment will be significant during the forecast period. The factors such as easy transportation and storage and longer shelf life than liquid milk and other wet pet foods are increasing the popularity of pet milk powder among pet owners globally. Pet milk powder is generally rich in sources of skimmed milk, vegetable oil, soy protein isolate, and casein. Thus, these factors of pet milk powder will drive the pet milk replacers market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pet milk market size and actionable market insights on post COVID-19 impact on each segment.

 

Pet Milk Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.09%

Market growth 2022-2026

$ 57.16 million

Market structure

Concentrated

YoY growth (%)

6.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key consumer countries

US, Canada, China, India, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Beaphar Beheer BV, Grober Nutrition, Manna Pro Products LLC, Mars Inc., Milk Specialties Global, Nukamel BV, PBI Gordon Co. Inc., and Petlife International Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pet Milk Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive pet milk market growth during the next five years
  • Precise estimation of the pet milk market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pet milk industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pet milk market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Powder - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Powder - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Powder - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Powder - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Powder - Year-over-year growth 2021-2026 (%)
    • 5.4 Liquid - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Liquid - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Liquid - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Liquid - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Liquid - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Beaphar Beheer BV
              • Exhibit 93: Beaphar Beheer BV - Overview
              • Exhibit 94: Beaphar Beheer BV - Product / Service
              • Exhibit 95: Beaphar Beheer BV - Key offerings
            • 10.4 Grober Nutrition
              • Exhibit 96: Grober Nutrition - Overview
              • Exhibit 97: Grober Nutrition - Product / Service
              • Exhibit 98: Grober Nutrition - Key offerings
            • 10.5 Manna Pro Products LLC
              • Exhibit 99: Manna Pro Products LLC - Overview
              • Exhibit 100: Manna Pro Products LLC - Product / Service
              • Exhibit 101: Manna Pro Products LLC - Key offerings
            • 10.6 Mars Inc.
              • Exhibit 102: Mars Inc. - Overview
              • Exhibit 103: Mars Inc. - Product / Service
              • Exhibit 104: Mars Inc. - Key offerings
            • 10.7 Milk Specialties Global
              • Exhibit 105: Milk Specialties Global - Overview
              • Exhibit 106: Milk Specialties Global - Product / Service
              • Exhibit 107: Milk Specialties Global - Key news
              • Exhibit 108: Milk Specialties Global - Key offerings
            • 10.8 Nukamel BV
              • Exhibit 109: Nukamel BV - Overview
              • Exhibit 110: Nukamel BV - Product / Service
              • Exhibit 111: Nukamel BV - Key offerings
            • 10.9 PBI Gordon Co. Inc.
              • Exhibit 112: PBI Gordon Co. Inc. - Overview
              • Exhibit 113: PBI Gordon Co. Inc. - Product / Service
              • Exhibit 114: PBI Gordon Co. Inc. - Key offerings
            • 10.10 Petlife International Ltd.
              • Exhibit 115: Petlife International Ltd. - Overview
              • Exhibit 116: Petlife International Ltd. - Product / Service
              • Exhibit 117: Petlife International Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 118: Inclusions checklist
                • Exhibit 119: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 120: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 121: Research methodology
                • Exhibit 122: Validation techniques employed for market sizing
                • Exhibit 123: Information sources
              • 11.5 List of abbreviations
                • Exhibit 124: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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