Swine Feed Industry - Regional Synopsis
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 industry is estimated to account for largest revenue share by 2037, propelled by rising consumption of pork meat 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 swine feed market growth in the region.
