The global swine feed market is estimated to grow with a CAGR of ~5% during the forecast period, i.e., 2022-2030. The growth of the market can be attributed to the growing demand for food additives in order to enhance the quality of food in animal nutrition products, along with the rising number of animal husbandry branches. Further, rising awareness among consumers regarding health of swine is leading to increased consumption of swine feed products among pig farmers. The swine feed keeps the pig’s safe from enzootic disorders and avoids the outspread of the enzootic diseases in the environment. Additionally, the farmers are increasing the usage of good quality swine feed to minimize the prevalence rate of animal epidemics, which in turn, is estimated to propel the market growth. Swine feed is more easily digestible and delivers proper nutritional benefits. It is rich in vitamins & fiber content, and therefore promotes good health of swine. Moreover, increase in international trade in slaughtered and live pigs is also anticipated to drive the market growth. According to the statistics by the National Pork Producers Council, more than 60 thousand pork producers in the United States annually market more than 115 million hogs. Moreover, the statistics also stated that the pork industry in the United States adds USD 39 Billion to the GDP of the nation.
The market is segmented by form type into crumbles, pellets, and mash. Amongst these segments, the pellets segment is estimated to hold the largest market share during the forecast period on the back of numerous benefits associated with pellet form type as compared to other types. Pellet diets provide greater feed efficiency. These feeds also have greater starch digestibility. Moreover, owing to the shape of the pallet, handling of feed in both the manufacturing premises as well as at the site of the pig farmer, creates less wastage, which is anticipated to drive the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Regionally, the global swine feed market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is estimated to hold the largest market share during the forecast period on the back of rising consumption of pork meat in several nations in the region. Further, China, which is the major producer of pork meat owing to the presence of enormous pig population, is also anticipated to surge the demand for swine feed. The North America region, on the other hand, is anticipated to witness the highest CAGR on the account of rising technological advancements for high quality swine feed and stringent government regulations in order to increase the protein content in cattle feed products. Moreover, presence of standard parameters along with the frequent tests related to the food provided to pigs is estimated to accelerate the market growth during the forecast period. Additionally, increasing focus on developing advanced cattle feed and feed additives, is also anticipated to drive the market growth in the region.
The global swine feed market market is further classified on the basis of region as follows:
Our in-depth analysis of the global swine feed market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The growing demand for pork meat is one of the major factors anticipated to drive the market growth.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022-2030.
The fluctuating prices of raw materials used for manufacturing swine feed is one of the major factors estimated to hamper the market growth.
The market in the Asia Pacific is anticipated to display significant business opportunities in the future.
The major players in the market are Cargill, Incorporated, Nutreco, N.V., ADM Animal Nutrition, Novus International, Lallemand Inc., DSM, Charoen Pokphand Foods PCL, Chr. Hansen Holding A/S, BASF SE, Alltech Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product type, ingredient type, form type, additives type, supplements type, end users, and by region.
The pellets segment is anticipated to hold the largest market share in the market and display significant growth in the future.
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