The global pet milk replacers industry is set to experience robust growth, with an estimated market value of USD 243.2 million by 2024, and projected to reach USD 520.2 million by 2034, reflecting a compound annual growth rate (CAGR) of 7.9% over the forecast period from 2024 to 2034. This growth is driven by the rising demand for specialized nutritional solutions for young, orphaned, or nursing pets, as well as increased awareness of pet nutrition and humanization trends.

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The pet milk replacers market has become one of the most vital segments within the broader global pet care industry. The shift towards high-quality, balanced milk replacers is gaining momentum, particularly in urban and suburban regions, where the growing awareness of pet health and well-being is reshaping pet care practices. The rising adoption rates of neonatal pets, including puppies and kittens that require supplemental feeding, have further fueled the demand for these products.

Powdered milk replacers are preferred by pet owners for their convenience, and nutritional value. Witnessing significant growth owing to convenience and faster preparation time, liquid milk replacers are gaining high popularity among pet owners seeking hassle-free feeding solutions.

Cats are emerging as a lucrative segment due to the rising adoption of kittens and growing concerns regarding feline nutrition. Manufacturers are introducing specialised cat milk replacers to cater to the specific dietary needs of cats.