The global swine feed market size reached US$ 116.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 141.2 Billion by 2028, exhibiting a CAGR of 3.21% during 2022-2028.
Swine feed is made with natural corn, soybean and wheat-based ingredients. It is also fortified with amino acids, essential fatty acids, vitamins and minerals to meet the nutrient requirements of pigs. A variety of pellet and mash swine feeds are available in the market which are formulated to improve performance goals and herd health. Apart from this, several varieties of swine feed comprise of proteins that are made with all-natural plant sources and natural fungal-based enzymes which aid in the break-down of different components of the feed during digestion. In addition to this, manufacturers are regularly testing new ingredients and feed formulas to produce innovative and efficient swine feed variants. The rising demand for pig meat across the world, currently represents an important factor driving the sales of swine feed.
Swine feed is made with natural corn, soybean and wheat-based ingredients. It is also fortified with amino acids, essential fatty acids, vitamins and minerals to meet the nutrient requirements of pigs. A variety of pellet and mash swine feeds are available in the market which are formulated to improve performance goals and herd health. Apart from this, several varieties of swine feed comprise of proteins that are made with all-natural plant sources and natural fungal-based enzymes which aid in the break-down of different components of the feed during digestion. In addition to this, manufacturers are regularly testing new ingredients and feed formulas to produce innovative and efficient swine feed variants. The rising demand for pig meat across the world, currently represents an important factor driving the sales of swine feed.
Global Swine Feed Market Drivers:
The increasing concerns regarding food safety have created a demand for high-quality swine feed to ensure meat safety. Another factor that is stimulating the growth of the swine feed market is the rising awareness about the importance of maintaining a healthy pig diet amongst farm owners. In accordance with this, they are shifting from regular swine feed to functional and premium variants that help in improving the immunity of the animals against enzootic diseases as well as reducing the risk of metabolic disorders, acidosis, injuries and infections. Furthermore, an increase in the demand for organic pig meat from consumers in the developed nations, along with the introduction of new animal rearing practices and maintenance of high farming standards, has created a positive outlook for the global swine feed market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global swine feed market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, feed essence and feed additive type.Breakup by Product Type:
- Grower
- Starter
- Sow
- Others
Breakup by Feed Essence:
- Vitamins
- Antioxidants
- Feed Acidifiers
- Feed enzymes
- Amino acids
- Others
Breakup by Feed Additive Type:
- Zootechnical Feed Additives
- Sensory Feed Additives
- Nutritional Feed Additives
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Chr Hansen, Royal DSM Holdings Limited, Lallemand Inc., BASF Limited, Novus International Inc., Kent foods, Archer Daniels Midland Company, Cargill Inc., ABF Plc. and Alltech Inc.Key Questions Answered in This Report:
- What was the size of the global swine feed market in 2022?
- What are the key factors driving the global swine feed market?
- What has been the impact of COVID-19 on the global swine feed market?
- What is the breakup of the global swine feed market based on the product type?
- What is the breakup of the global swine feed market based on the feed essence?
- What is the breakup of the global swine feed market based on the feed additive type?
- What are the key regions in the global swine feed market?
- Who are the key players/companies in the global swine feed market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Swine Feed Market
6 Market Breakup by Product Type
7 Market Breakup by Feed Essence
8 Market Breakup by Feed Additive Type
9 Market Breakup by Region
10 Global Swine Feed Industry: SWOT Analysis
11 Global Swine Feed Industry: Value Chain Analysis
12 Global Swine Feed Industry: Porters Five Forces Analysis
13 Global Swine Feed Industry: Price Analysis
14 Swine Feed Manufacturing Process
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Chr Hansen
- Royal DSM Holdings Limited
- Lallemand Inc.
- BASF Limited
- Novus International Inc.
- Kent foods
- Archer Daniels Midland Company
- Cargill Inc.
- ABF Plc.
- Alltech Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 107 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 116.8 Billion |
Forecasted Market Value ( USD | $ 141.2 Billion |
Compound Annual Growth Rate | 3.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |