Milk Replacers Market: A Viable Solution for Catering to Diverse Dietary Needs
Market Overview The global milk replacers market is expected to reach USD 8.33 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032. The market growth is attributed to the following factors: Rising demand for dairy products: The growing demand for dairy products is driving the demand for milk replacers. Dairy products are a good source of protein, calcium, and other essential nutrients. The increasing demand for dairy products is being driven by the growing population and the rising disposable incomes of consumers. Increasing concerns over lactose intolerance and veganism: The growing concerns over lactose intolerance and veganism are driving the demand for plant-based milk replacers. Lactose intolerance is a condition in which people have difficulty digesting lactose, a sugar found in milk. Veganism is a lifestyle that excludes the use of animal products, including milk. Growing demand for animal feed: The growing demand for animal feed is driving the demand for animal-base