Increasing consumption and production of pork on a global platform is a major driving factor for the swine feed market. Rising food safety and pork trade is augmenting the market demand and growth. Owing to these factors, the demand for pigs bolstered globally and the IndustryARC’s analysts evaluated the global swine feed market size was $130.2 billion in 2018. And, the demand is poised to stimulate at a CAGR of 6.21% during the forecast period 2019-2025.
The IndustryARC’s latest business intelligence report titled “Swine Feed Market: By Feed Type (Starter, Sows, Grow/Finish, Breeder); By Additive (Antibiotics, Chemobiotics /Chemotherapeutics, Anthelmintic /Dewormers, Copper Compounds and Probiotics) & Geography-Forecast (2019-2025),” incorporates that pelleting is the most cost-effective technology that decreases diet segregation, improves feed efficiency, reduces dustiness, and improves feed handling. Feed additives are very important in digestion, animal nutrition, and it increases the palatability of the feed. Additionally, the growing concerns regarding the quality of pork is expected to drive the swine feed market. However, in order to maintain the pigs’ gut, it is substantial that the pig absorbs and digests efficient dietary food.
Global Swine Feed Market: Leading Segments
Geographically, APAC was leading the market with the largest regional share of 32% in 2018. China is a major contributor in terms of consumption followed by Philippines, Thailand, and Vietnam as compared to other countries. In the global swine feed market, it is also expected that the Asian region is going to a hub for the companies. Due to these factors, APAC has a positive impact on the market along with it the demand for the swine feed market will also increase tremendously. Furthermore, with the rise of income in the developing regions such as China and South East Asia, the demand for pork is increasing drastically.
On the contrary, the key application cited by the IndustryARC’s analysts is probiotics: by additive type. There are live probiotics: microorganisms that are mixed with the swine’s feed to make it more healthy and nutritious. The probiotic additive type is the fastest growing application in the swine feed market. Moreover, the anticipated application demand is poised to grow at a growing CAGR of 6.71% through to 2025.
Global Swine Feed Market: Market Trends and Growth Drivers
· Organic Pig Feeds
An ongoing trend in the market is the organic swine feed for the pigs. The quality of the pork is determined with how health is the pig’s gut. The pigs’ farmers prefer organic swine meat over any other nutritious feed. This has increased the demand for pigs in the global market.
· Government Standards for Feed Additives
The government of various countries have set certain provisions that are to be followed by the pig farmers, in order to maintain high quality and free from rancidity. They have also prohibited few ingredients that are not to be used such as urea and other non-protein nitrogenous substances.
· Emerging Demand for Pigs in Europe and U.S
Regions like Europe and the U.S. are the emerging market for pigs. Owing to this trend, it is considered that the countries having relatively high population of pigs will have more demand for swine feed. Hence, the swine feed market has a huge market in the abovementioned regions.
· Increasing Demand for Quality Pork and Price
The increasing demand for the pork that are healthy is more in the market. After the African Swine Fever (ASF) incident, people have become more particular in purchasing quality pork. Due to this, the demand for healthy and quality pork has increased and the price on the other hand has also decreased in the market. Thus, the pig farmers are purchasing quality swine feed.
Global Swine Feed Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global swine feed market are Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke DSM N.V., Nutreco N.V., Lallemand Inc, Novus International Inc, BASF SE, Biomin Holding GmBH, Church & Dwight Co., Inc.
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Probiotics in Animal Feed Market
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Cattle Feed and Feed Additives Market
What can you expect from the report?
The Swine Feed market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in swine feed market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. North America Swine Feed Market Research Report (2018-2025)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.