代用乳の世界市場、2030年までの予測：タイプ別、家畜別、由来別、形態別、流通チャネル別、エンドユーザー別、地域別

Stratistics MRCによると、世界の代用乳市場は2024年に46億5,000万米ドルを占め、2030年には80億5,000万米ドルに達すると予測され、予測期間中のCAGRは9.59%で成長する見込みです。

畜産において、代用乳は天然乳の栄養価の高い代用品であり、通常、母乳が入手できないか、または不十分な場合に幼い哺乳動物に与えるために使用されます。さらに、この入念に設計された代用乳は、生乳の栄養構成に酷似しており、動物の健康的な成長と発育に不可欠なタンパク質、脂肪、炭水化物、ビタミン、ミネラルなどの重要な栄養素を提供します。

米国獣医師会（AVMA）によれば、適切なワクチン接種はペットの健康と福祉を維持し、感染症の蔓延を防ぎ、公衆衛生を守るために不可欠です。

乳製品に対する消費者の関心の高まり

人口増加、可処分所得の増加、食生活の変化などの要因により、乳製品に対する世界の需要が増加していることが、代用乳市場の主な促進要因です。消費動向は、新興国における都市化と中産階級の拡大が原動力となっており、安定した生乳生産の必要性が浮き彫りになっています。さらに、多忙なスケジュールや簡便食品への依存度の高まりといったライフスタイルの変化も、ミルクベースの製品に対する需要を高め、信頼できるミルク供給源を求めています。

品質基準と規制上の制限

製造業者は代用乳の製造、表示、マーケティングを管理する規制の枠組みに従わなければならず、これが新製品開発や市場参入の妨げとなっています。安全性と品質に関する厳しい要件は、大規模な試験と認証プロセスを必要とし、生産コストと新製品が市場に出回るまでの時間を引き上げています。さらに、地域や管轄区域によって規制要件が異なるため、複数の市場で事業を展開する企業にとっては物流が困難となり、市場拡大や製品流通の妨げとなります。

特化したオーダーメイドの製剤

特定の動物種、品種、生産目標をターゲットにしたオーダーメイドの代用乳は、個別化栄養や特殊な食事要件への傾向の高まりによって可能となっています。子豚、子羊、子牛のような幼い動物の明確な食事要件に対応するよう代用乳組成物を最適化することで、製品の有効性、性能、ユーザーの満足度が向上します。さらに、オーガニック、非遺伝子組み換え、抗生物質不使用の代用乳のような特定の市場のニッチに対応することで、持続可能かつ倫理的に生産された動物製品を求める消費者の嗜好を満たすと同時に、ブランドロイヤルティを高め、市場における製品の差別化を図ることができます。

天然乳の競合

幼い動物にとって、天然乳は依然として主な栄養源であり、そのため代用乳は競合に対して極めて脆弱です。最近の技術や製剤の動向をもってしても、代用乳は母乳の複雑な栄養構成や生物活性成分に及ばないことが多いです。さらに、代用乳の採用は、特に新鮮な牛乳を手頃な価格で豊富に入手できる地域では、母乳由来のものであれ、育種・管理技術の向上によるものであれ、天然乳の入手可能性によって制約を受ける可能性があります。

COVID-19影響：

代用乳市場はCOVID-19パンデミックから様々な影響を受けています。最初は、サプライチェーン、物流、労働力の確保などの問題により、生産工程や流通網が妨げられました。その結果、短期的な欠品や製品発売の遅れが生じました。市場の変動は、消費者の需要の変動、パニック買い、備蓄行動によってさらに激化し、生産者と小売業者の双方にとって、購買パターンや在庫管理に影響を及ぼしました。さらに、消費者は必需品を優先し、購入時にはより安価な選択肢を探すようになったが、これは景気の先行き不透明感、可処分所得の減少、外食産業の混乱などの影響を受けた。

予測期間中、ミルクベースセグメントが最大となる見込み

代用乳市場はミルクベースのセグメントによって支配されると予測されます。幼若動物、特に生後間もない時期には、天然乳の栄養組成に近いミルクベースの製剤が好ましい選択肢となります。タンパク質、脂肪、炭水化物、ビタミン、ミネラルを豊富に含むこれらの代替飼料は、適切な成長と発育に必要不可欠な栄養素を提供します。さらに、ミルクベースの製剤は、非ミルクベースの製剤や混合製剤と比較して栄養価や性能が優れていることが、市場の優位性を高めています。

予測期間中、オンライン小売セグメントが最も高いCAGRが見込まれる

代用乳市場では、オンライン小売セグメントが最も高いCAGRを持つと予測されます。eコマース業界の爆発的な成長、インターネット普及率の上昇、デジタル化の進展により、消費者が代用乳を含む動物栄養製品を購入する方法は劇的に変化しています。さらに、顧客は価格を比較したり、製品レビューを読んだり、自宅に居ながらにして十分な情報を得た上で購入の意思決定を行うことができます。

最大のシェアを占める地域：

代用乳市場は北米地域が支配的です。この地域は酪農産業が確立されており、集約的農法の採用率が高く、乳製品への需要が旺盛であるなど、多くの要因がこの優位性の原因となっています。代用乳は、酪農が重要な農業産業である米国やカナダなどの国々で、子牛の飼育を支援し、乳生産効率を向上させるために広く使用されています。さらに、食品安全、動物福祉、衛生要件に関連する厳格な法律が、幼い動物に可能な限り最高の栄養と健康結果を保証する高級代用乳市場に拍車をかけています。

CAGRが最も高い地域：

欧州地域は代用乳市場で最もCAGRが高いです。酪農技術の近代化、精密栄養の利用拡大、動物福祉基準への意識の高まりが、欧州地域の堅調な成長に寄与している要因のひとつです。欧州の酪農生産は、品質、持続可能性、効率を優先するドイツ、フランス、オランダなどの国々が主導しています。さらに、抗生物質の使用、環境の持続可能性、動物福祉を管理する厳しい法律が、包括的な牛群管理計画における代用乳の使用を奨励しています。

無料のカスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• エンドユーザー分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の代用乳市場：タイプ別

• 薬用
• 非薬用
• その他

第6章 世界の代用乳市場：家畜別

• 反芻動物
• 豚
• 馬
• ペット
• その他

第7章 世界の代用乳市場：由来別

• ミルクベース
• 非ミルクベース
• ブレンド
• その他

第8章 世界の代用乳市場：形態別

• 粉末
• 液体
• その他

第9章 世界の代用乳市場：流通チャネル別

• オンライン小売
• スーパーマーケット
• ハイパーマーケット
• コンビニエンスストア
• その他

第10章 世界の代用乳市場：エンドユーザー別

• 畜産農家
• ペットオーナー
• 獣医クリニック
• 動物園・野生動物リハビリテーションセンター
• 動物保護団体
• 研究施設
• 農業協同組合
• その他

第11章 世界の代用乳市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東・アフリカ

第12章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第13章 企業プロファイリング

• VanDrie Group
• Cargill Inc
• BewitalAgri GmbH and Company
• Royal Friesland Campina N.V.
• Lactalis Group
• Nutreco N.V.
• Archer Daniels Midland Company
• CHS Inc
• Glanbia PLC
• Alltech
• Land O'lakes Inc

List of Tables

• Table 1 Global Milk Replacer Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Milk Replacer Market Outlook, By Type (2022-2030) ($MN)
• Table 3 Global Milk Replacer Market Outlook, By Medicated (2022-2030) ($MN)
• Table 4 Global Milk Replacer Market Outlook, By Non-medicated (2022-2030) ($MN)
• Table 5 Global Milk Replacer Market Outlook, By Other Types (2022-2030) ($MN)
• Table 6 Global Milk Replacer Market Outlook, By Livestock (2022-2030) ($MN)
• Table 7 Global Milk Replacer Market Outlook, By Ruminants (2022-2030) ($MN)
• Table 8 Global Milk Replacer Market Outlook, By Swine (2022-2030) ($MN)
• Table 9 Global Milk Replacer Market Outlook, By Equine (2022-2030) ($MN)
• Table 10 Global Milk Replacer Market Outlook, By Pets (2022-2030) ($MN)
• Table 11 Global Milk Replacer Market Outlook, By Other Livestocks (2022-2030) ($MN)
• Table 12 Global Milk Replacer Market Outlook, By Source (2022-2030) ($MN)
• Table 13 Global Milk Replacer Market Outlook, By Milk-based (2022-2030) ($MN)
• Table 14 Global Milk Replacer Market Outlook, By Non-milk-based (2022-2030) ($MN)
• Table 15 Global Milk Replacer Market Outlook, By Blended (2022-2030) ($MN)
• Table 16 Global Milk Replacer Market Outlook, By Other Sources (2022-2030) ($MN)
• Table 17 Global Milk Replacer Market Outlook, By Form (2022-2030) ($MN)
• Table 18 Global Milk Replacer Market Outlook, By Powder (2022-2030) ($MN)
• Table 19 Global Milk Replacer Market Outlook, By Liquid (2022-2030) ($MN)
• Table 20 Global Milk Replacer Market Outlook, By Other Forms (2022-2030) ($MN)
• Table 21 Global Milk Replacer Market Outlook, By Distribution Channel (2022-2030) ($MN)
• Table 22 Global Milk Replacer Market Outlook, By Online Retailing (2022-2030) ($MN)
• Table 23 Global Milk Replacer Market Outlook, By Super Market (2022-2030) ($MN)
• Table 24 Global Milk Replacer Market Outlook, By Hypermarket (2022-2030) ($MN)
• Table 25 Global Milk Replacer Market Outlook, By Convenience Stores (2022-2030) ($MN)
• Table 26 Global Milk Replacer Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
• Table 27 Global Milk Replacer Market Outlook, By Livestock Farmers (2022-2030) ($MN)
• Table 28 Global Milk Replacer Market Outlook, By Pet Owners (2022-2030) ($MN)
• Table 29 Global Milk Replacer Market Outlook, By Veterinary Clinics (2022-2030) ($MN)
• Table 30 Global Milk Replacer Market Outlook, By Zoos and Wildlife Rehabilitation Centers (2022-2030) ($MN)
• Table 31 Global Milk Replacer Market Outlook, By Animal Rescue Organizations (2022-2030) ($MN)
• Table 32 Global Milk Replacer Market Outlook, By Research Facilities (2022-2030) ($MN)
• Table 33 Global Milk Replacer Market Outlook, By Agricultural Cooperatives (2022-2030) ($MN)
• Table 34 Global Milk Replacer Market Outlook, By Other End Users (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

According to Stratistics MRC, the Global Milk Replacer Market is accounted for $4.65 billion in 2024 and is expected to reach $8.05 billion by 2030 growing at a CAGR of 9.59% during the forecast period. In animal husbandry, milk replacer is a nutritious substitute for natural milk that is usually used to feed young mammals when their mothers' milk is either unavailable or insufficient. Moreover, this carefully designed alternative closely resembles the nutritional makeup of raw milk, offering vital nutrients like proteins, fats, carbohydrates, vitamins, and minerals that are critical for the animal's healthy growth and development.

According to the American Veterinary Medical Association (AVMA), proper vaccination is essential for maintaining the health and well-being of pets, preventing the spread of infectious diseases, and protecting public health.

Market Dynamics:

Driver:

Growing consumer interest in dairy products

The primary driver of the milk replacer market is the increasing global demand for dairy products, which is being driven by factors such as population growth, rising disposable incomes, and changing dietary habits. Consumption trends are driven by urbanization and the expanding middle class in emerging economies, which highlights the need for steady milk production. Additionally, changing lifestyles-such as busier schedules and a greater reliance on convenience foods-raise the demand for dairy-based products and call for dependable milk sources.

Restraint:

Quality standards and regulatory restrictions

Manufacturers must comply with regulatory frameworks that control the manufacturing, labeling, and marketing of milk substitutes, which hinder new product development and entry into the market. Tight safety and quality requirements necessitate extensive testing and certification processes, which raise production costs and the time it takes for new products to reach the market. Furthermore, logistics become difficult for businesses that operate in multiple markets due to differences in regulatory requirements across different regions and jurisdictions, which impedes market expansion and product distribution.

Opportunity:

Particularized and tailor-made formulations

Customized milk replacers that target particular animal species, breeds, and production goals are being made possible by the growing trend toward personalized nutrition and specialized dietary requirements. Optimizing milk substitute compositions to cater to the distinct dietary requirements of young animals such as piglets, lambs, and calves improves the effectiveness of the product, its performance, and the satisfaction of its users. Additionally, catering to specific market niches like organic, non-GMO, or antibiotic-free milk substitutes satisfies consumer preferences for animal products that are produced sustainably and ethically while also building brand loyalty and differentiating products in the market.

Threat:

Natural milk's competition

For young animals, natural milk is still the main source of nutrition, which makes milk substitutes extremely vulnerable to competition. Even with recent developments in technology and formulation, milk substitutes frequently fail to match the intricate nutritional makeup and bioactive ingredients of human milk. Furthermore, the adoption of milk replacers may be constrained by the availability of natural milk, whether from maternal sources or through enhanced breeding and management techniques, especially in areas where access to fresh milk is affordable and plentiful.

Covid-19 Impact:

The market for milk substitutes has seen a variety of effects from the COVID-19 pandemic. At first, production processes and distribution networks were hampered by problems with supply chains, logistics, and labour availability. This resulted in short-term shortages and delays in the release of products. The market volatility was further intensified by fluctuations in consumer demand, panic buying, and stockpiling behaviours, which had an impact on purchasing patterns and inventory management for both producers and retailers. Moreover, consumers prioritized necessities and looked for less expensive options when making purchases, which was impacted by economic uncertainty, decreased disposable income, and disruptions in the foodservice industry.

The Milk-based segment is expected to be the largest during the forecast period

It is projected that the market for milk replacers will be dominated by the milk-based segment. For young animals, especially in their early years of life, milk-based formulations are the preferred option because they closely resemble the nutritional makeup of natural milk. Rich in proteins, fats, carbohydrates, vitamins, and minerals, these replacers offer vital nutrients required for proper growth and development. Furthermore, the superior nutritional value and performance outcomes of milk-based formulations as compared to non-milk-based or blended alternatives are what propel their market dominance.

The Online retailing segment is expected to have the highest CAGR during the forecast period

In the milk replacer market, the online retailing segment is projected to have the highest CAGR. The way consumers buy animal nutrition products, including milk replacers, has changed dramatically as a result of the e-commerce industry's explosive growth, rising internet penetration, and growing digital adoption. Moreover, customers may compare prices, read product reviews, and make well-informed purchasing decisions from the comfort of their homes owing to online retailing, which provides ease of use, accessibility, and a large selection of products.

Region with largest share:

The market for milk substitutes is dominated by the North American region. Many factors, such as the region's well-established dairy industry, the high adoption rate of intensive farming practices, and the strong demand for dairy products, are responsible for this dominance. Milk replacers are widely used to support calf rearing and improve milk production efficiency in nations like the United States and Canada, where dairy farming is a significant agricultural industry. Furthermore, strict laws pertaining to food safety, animal welfare, and hygienic requirements fuel the market for premium milk substitutes that guarantee the best possible nutrition and health results for young animals.

Region with highest CAGR:

The European region has the highest CAGR in the milk replacer market. The modernization of dairy farming techniques, the growing use of precision nutrition, and the growing consciousness of animal welfare standards are some of the factors contributing to the robust growth observed in the European region. Dairy production in Europe is led by nations like Germany, France, and the Netherlands, which prioritize quality, sustainability, and efficiency. Additionally, strict laws governing the use of antibiotics, environmental sustainability, and animal welfare encourage the use of milk substitutes in all-encompassing herd management plans.

Key players in the market

Some of the key players in Milk Replacer market include VanDrie Group, Cargill Inc, BewitalAgri GmbH and Company, Royal Friesland Campina N.V., Lactalis Group, Nutreco N.V., Archer Daniels Midland Company, CHS Inc, Glanbia PLC, Alltech and Land O'lakes Inc.

Key Developments:

In April 2024, Archer Daniels Midland and Vikram Luthar entered into a Transition Agreement under which Mr. Luthar will resign effective September 30, 2024 (unless an earlier date is mutually agreed between Mr. Luthar and the Company). Until such resignation date, Mr. Luthar will be available to assist the Company and provide transitional support as needed, as a non-executive employee.

In September 2023, VanDrie Group and F&F Group announced that they have signed a letter of intent under which the two companies will enter into a partnership. Under this agreement, the VanDrie Group will acquire a stake in F&F Group, while F&F Group will in turn acquire Schils Food's business from the VanDrie Group.

In June 2023, Singapore-based Cargill Metals has entered into a multiyear agreement with Sweden-based industrial startup H2 Green Steel for the supply of green steel. The companies say the agreement aims to accelerate global ferrous supply chain decarbonization.

Types Covered:

• Medicated
• Non-medicated
• Other Types

Livestocks Covered:

• Ruminants
• Swine
• Equine
• Pets
• Other Livestocks

Sources Covered:

• Milk-based
• Non-milk-based
• Blended
• Other Sources

Forms Covered:

• Powder
• Liquid
• Other Forms

Distribution Channels Covered:

• Online Retailing
• Super Market
• Hypermarket
• Convenience Stores
• Other Distribution Channels

End Users Covered:

• Livestock Farmers
• Pet Owners
• Veterinary Clinics
• Zoos and Wildlife Rehabilitation Centers
• Animal Rescue Organizations
• Research Facilities
• Agricultural Cooperatives
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Milk Replacer Market, By Type

• 5.1 Introduction
• 5.2 Medicated
• 5.3 Non-medicated
• 5.4 Other Types

6 Global Milk Replacer Market, By Livestock

• 6.1 Introduction
• 6.2 Ruminants
• 6.3 Swine
• 6.4 Equine
• 6.5 Pets
• 6.6 Other Livestocks

7 Global Milk Replacer Market, By Source

• 7.1 Introduction
• 7.2 Milk-based
• 7.3 Non-milk-based
• 7.4 Blended
• 7.5 Other Sources

8 Global Milk Replacer Market, By Form

• 8.1 Introduction
• 8.2 Powder
• 8.3 Liquid
• 8.4 Other Forms

9 Global Milk Replacer Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Online Retailing
• 9.3 Super Market
• 9.4 Hypermarket
• 9.5 Convenience Stores
• 9.6 Other Distribution Channels

10 Global Milk Replacer Market, By End User

• 10.1 Introduction
• 10.2 Livestock Farmers
• 10.3 Pet Owners
• 10.4 Veterinary Clinics
• 10.5 Zoos and Wildlife Rehabilitation Centers
• 10.6 Animal Rescue Organizations
• 10.7 Research Facilities
• 10.8 Agricultural Cooperatives
• 10.9 Other End Users

11 Global Milk Replacer Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 VanDrie Group
• 13.2 Cargill Inc
• 13.3 BewitalAgri GmbH and Company
• 13.4 Royal Friesland Campina N.V.
• 13.5 Lactalis Group
• 13.6 Nutreco N.V.
• 13.7 Archer Daniels Midland Company
• 13.8 CHS Inc
• 13.9 Glanbia PLC
• 13.10 Alltech
• 13.11 Land O'lakes Inc