Swine Feed Market Overview:
According to the United States Department of Agriculture, in 2018 the global pork production increased by 113.1 million tonnes which is almost 2% increase as compared to 2017. Increasing pork production on a global platform is a major driving factor for the swine feed market growth. Owing to the bolstering demand, the global swine feed market had a valuation of $130.2 billion as of 2018. Furthermore, the demand poised to stimulate with a CAGR of 6.21% during the forecast period 2019-2025.
In 2018, APAC had the maximum swine feed market share of 32%. The high consumption and production of swine feed was identified in APAC. A major contributor to this is China, followed by South East Asian Market: Philippines, Thailand, and Vietnam. China is a major pork consumer, according to Ministry of Agriculture and Rural Affairs, China’s pork imports is expected to increase by more than 40% over 2018, that is 1.7 million metric tonnes in 2019, and also the imports are expected to increase to 2.1 million tonnes by 2020. Owing to this, APAC will have a positive impact on the market and simultaneously the demand for swine feed market will increase drastically.
Swine Feed Market Outlook:
Feed additives are an important source of nutrition that are provided to the animals. The cereals that are fed to swine are processed to reduce the particles size by rolling, grinding, extruding and cracking. However, pelleting is the most cost-effective technology that decreases diet segregation, improves feed efficiency, reduces dustiness, and improves feed handling. Proper diet sequencing and mixing minimizes concerns related to potential antibiotic residue.
In order to maintain a healthy gut, it is significant that pigs digests and absorbs efficient dietary nutrition. Growing concerns regarding the quality of pork is expected to drive swine feed market growth. Owing to the probiotics application segment, probiotics confer good health that replenishes the gut that recovers the immune system. However, the application demand is poised to grow at a CAGR of 6.71% through to 2025.
Swine Feed Market Growth Drivers:
· Governments Set Parameter for the Feeds
The global trend of maintaining gut and the optimum health of pigs will continue to grow the demand for swine feed market. Better swine feed additive for pigs determines the health of the people consuming pork. Healthy and nutritious feed keeps the gut of the pigs healthy which indirectly creates an impression of the global pork-eating human population. However, the governments in various countries have set a standard parameter and conduct frequent tests of the foods provided to the swine.
· African Swine Fever Expands Swine Feeds
The increasing concerns regarding African Swine Fever (ASF) has apparently increased the demand for swine feed in the market. The pig farmers have become more particular about providing better and healthy food to the pigs. This has enhanced the swine feed with optimal use of probiotics that optimizes the health of the pigs.
· Escalating Demand for Pork Quality and Prices
The increasing demand for swine feed in the market has influenced the farmers in maintaining a better quality of the pork as it is one of the most consumed meat in the world. Moreover, the growing consumption of pork has subsequently benefited the pig farmers in earning more income.
· Organic and Premium Pig Feed
The most ongoing trend is natural and organic feed in the swine feed market. The pig farmers prefer more organic swine pig meat over any other. Due to this, there is an increase in the demand, especially in the North America Swine Feed Market which is affecting the market.
Swine Feed Market Key Players Perspective –
The major players striving to capitalize on the swine feed market are Koninklijke DSM N.V., Nutreco N.V., Lallemand Inc, Novus International Inc,., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biomin Holding GmBH, Church & Dwight Co., Inc. Charoen Pokphand Foods PCL, and Cargill Inc..
Swine Feed Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the swine feed market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The swine feed market research report also analyses the application of the swine feed are Antibiotics, Chemobiotics /Chemotherapeutics, Anthelmintic /Dewormers, Copper Compounds and Probiotics.
Swine Feed Market Report: Industry Coverage
This report also documents the swine feed market based on product type that includes starter, sows, grow/finish, and breeder.
The swine feed market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Key Questions Addressed in the Swine Feed Market Report
Is the market demand for swine feed growing? How long will it continue to grow and at what rate?
Which type of home security system presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the swine feed market?
A Few Focus Points Of This Research Are Given Below: