Swine Feed Market is segmented By Product (Starter Feed, Grower Feed, Sow Feed, Others), By Type (Pellets, Crumbles, Mash, Others), By Ingredients (Cereals, Cereal By-products, Oils, Molasses, Others), By Supplements (Vitamins, Antibiotics, Antioxidants, Amino acids, Enzymes, Others), and By Region (North America, Europe, South America, Asia Pacific, The Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Swine Feed Market Overview
Swine Feed Market is expected to grow at a CAGR 3.2% during the forecasting period (2024-2031).
Swine feed is formed using rice bran, broken rice, maize, soya beans, cassava, vegetables and distillers' residues. Pigs are generally single stomached and monogastric animals. Rising consumption of swine meat can increase the demand for the product. The product provides nutrition to swine and helps in the reproduction of swine.
Swine Feed Market Summary
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Metrics |
Details |
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Market CAGR |
3.2% |
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Segments Covered |
By Product, By Type, By Ingredients, By Supplements, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Swine Feed Market Dynamics and Trends
Increasing volumes of pork production, including demand for good quality meat from pork, will be expected to contribute to the rising demand for swine feed in the world. Swine feed can be in several appearances, including cereals, cakes, meals, vitamins, minerals, and fats and oils.
Swine feed offers numerous nutritional advantages as it is rich in fibre content, vitamins and minerals. The consumption of pork is increasing in newer markets and is, thus, expected to push the demand for related feed globally.
Increasing Pork Meat Demand
The growing demand for pork as well as the increasing population is expected to boost the swine feed market growth during the forecast period. Well-bred and quality meat will further boost the need for swine feeds in the global market throughout the forecast period.
Rapid Growth In Swine Feed Consumption In The Asia Pacific
Asia-Pacific region has the highest share in terms of the swine feed market. However, Europe and China have the majority of the pig population in the world. The demand for swine feed in Asia-Pacific is steadily rising. Thus, the rising demand will boost the performance of the swine feed market globally. Another factor that is important for the swine feed market is the rising population of pigs in China, as their everyday diet include pork meat.
COVID-19 Impact on Swine Feed Market
COVID-19 affected the global economy in many forms, such as directly affecting demand and production, supply chain distraction, and financial impact. COVID-19 pandemic has directly impacted the manufacturers' supply chain across the globe. During COVID-19, the demand for food and meat has increased. Despite the rise in demand for meat, the supply chain has seen a disruption between producers and the end market. Disruptions in the supply chain have resulted in the wastage of fresh meat. Global export of meat has reduced due to the COVID-19 pandemic.
Swine Feed Market Segmentation Analysis
Based on the product, the swine feed market has been classified as starter feed, grower feed, sow feed and others.
Starter Feed- This diet is provided to the swine at the age of 5-6 months, or to be used as early-weaned pigs after prestarter. Sow Feed- Sow feed contains ingredients that help in supplying energy, protein, vitamin, mineral, and amino acid levels necessary for sows. Such type of product helps fulfil the needs of sows and helps them remain healthy during lactation. Rising occurrences of diseases due to infected pork meat consumption have altered the product demand in South Africa.
Based on the type, the swine feed market has been classified as pellets, crumbles, mash and others.
Pellets held the highest market share
The pellets segment emerged as the largest form type segment, both in terms of volume and revenue, in the swine feed market. The growth can be attributed to excellent palatability, improvement in feed efficiency, and increased swine performance.
Based on the ingredients, the swine feed market has been classified as cereals, cereals by-products, oils, molasses, others (supplements).
Swine feed is primarily made from ingredients such as cereals that are grown by utilizing chemicals, pesticides, and fertilizers. The easy availability of these feeds at affordable prices in the market has driven the growth of cereals in terms of value sales.
Based on the supplements, the swine feed market has been classified as vitamins, antibiotics, antioxidants, amino acids, enzymes, others (acidifiers).
Vitamins are likely to poise the highest market share in the coming years
Vitamins naturally exist in most ingredients, however, to provide proper nutrition, additional vitamin supplements are mixed in livestock feeds. Vitamin A, Vitamin D, Vitamin E, Vitamin K, and riboflavin are the majorly used vitamin additives and these are added as supplements into the mixture to improve and maintain animal health, thus propelling the segment growth.
Swine Feed Market Geographical Share
Based on geography, the study analyzes the swine feed market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
Asia-Pacific Leads The Global Swine Feed Market Throughout The Forecast Period
Asia-Pacific dominates the swine feed market in terms of value and volume due to the rising consumption and production of pork. Owing to the high consumer demand for pork meat, the Asia-Pacific region holds the largest market share for swine feed products. Also, South East Asia is the largest exporter and producer of pork in the world which is followed by Europe & North America. Pork meat is consumed in the region since ancient times and is the most preferred meat due to its fat content and taste. China is the major market for pork production, followed by Vietnam, Thailand, South Korea, Japan and the Philippines. Japan, South Korea and Taiwan are the saturated markets for pork consumption, while Vietnam and the Philippines are the emerging markets.
Swine Feed Market Companies and Competitive Landscape
The swine feed market is highly competitive, due to the few large key players with significant market shares in the swine feed market. The key swine feed players which are contributing to the growth of the global market include BASF, Land O Lakes Purina, Nutreco NV, Archer Daniels Midland Midland, Alltech Inc., Cargill Inc., Koninklijke DSM, Ridley Corporation Limited, Kent Nutrition Group Inc., and BENEO GmbH. The major competitors are adopting new expansion strategies for global growth in the swine feed market.
Nutreco N.V.
Overview: Nutreco N.V., a Dutch producer of animal nutrition, processed meat products and fish feed. Also, It has about 100 production facilities in 30+ countries and 8 research centres. It was founded in 1994 after a Cinven-backed management buyout of the feed and nutrition division of BP.
Product Portfolio: The Company’s products include swine feed, fish feed, and processed meat products.
Why Purchase the Report?
- Visualize the swine feed market segmentation composition product, type, ingredients, supplements, and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the swine feed market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of the swine feed market - level 4 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The swine feed market report would provide access to an approx. 60 market data table, 72 figures and 180 pages.
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