USD 99.03 billion
Swine Feed Market Size, Share, Growth Analysis, By Type(Starter Feed, Sow Feed, Grower Feed), By Form(Pellets, Mash, Crumbles), By Additives(Vitamins & Minerals, Amino acids, Antibiotics, Enzymes), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30C2027 |
Region:
Global |
Published Date: July, 2036
Pages:
165
|Tables:
92
|Figures:
76
Swine Feed Market Insights
Swine Feed Market size was valued at USD 99.03 billion in 2019 and is poised to grow from USD 103.35 billion in 2023 to USD 145.3 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
The increasing demand for feed that includes additives and premixes developed via extensive research to improve swine health has resulted in an expanding global swine feed market. The global market is expected to rise as a result of the increased commercialization of feed products for pigs and the rising concern among farmers about swine health and productivity. Additionally, the industry is being shaped by the rising demand for premium pork in both developed and developing economies. Demand for pig meat is anticipated to be boosted by factors including the expanding global population and rising per capita meat consumption which will drive the demand for swine meat and will propel the swine feed market during the forecast period.
US Swine Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Grower Feed
Fastest Growth
Grower Feed
Growth Rate
4.5% CAGR
Global Swine Feed Market 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Swine Feed Market Segmental Analysis
The global swine feed market is segmented on the basis of type, form, additives, and region. Based on type, the market is segmented into starter feed, sow feed, and grower feed. Based on form, the Swine Feed Market is segmented into pellets, mash, and crumbles. Based on additives, the Swine Feed Market is segmented into vitamins & minerals, amino acids, antibiotics, enzymes, and other additives. Based on region, the global Swine Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Swine Feed Market Analysis by Type
In 2021, the grower feed segment accounted for the largest market share in the swine feed market. The high consumption rate of piglets or newborn pigs is expected to keep the demand for grower feed strong during the forecast period. One of the primary reasons for grower feed's dominance in revenue of the swine feed market is the high cost of the product, which is justified by its function of promoting rapid growth in young pigs. One further major factor that is expected to contribute to the sector's expansion is the rapid rise in feed consumption by growing pigs. Since pregnant pigs need extra nourishment to have healthy piglets, the demand for high-quality sow feed is predicted to rise at a tremendous rate. Producers are likely to ramp up production of high-quality sow swine feed in response to rising sow swine disease rates which will drive the demand for the swine feed market during the analysis period.
Swine Feed Market Analysis by Additives
In 2021, the amino acid segment accounted for the largest market share in the global swine feed additive market. For swine to maintain an efficient metabolic rate, they need access to a specific set of amino acids. While pigs can produce some amino acids on their own, they need to consume them as part of their diet since they are unable to produce enough of the essential amino acids such as Valine, Lysine, Leucine, and Threonine. Protein synthesis, hormone metabolism, and the creation of digestive enzymes are just a few of the many important functions that amino acids serve in the body of a swine. In addition, the rising demand for high-quality pig meat is forecast to boost the market for a wide variety of swine feed additives during the analysis period.
Global Swine Feed Market By Type, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Swine Feed Market Regional Insights
The Asia Pacific region accounted for the largest market share and dominated the global swine feed market during the year 2021. Countries such as China, Japan, South Korea, Malaysia, and others are expanding significantly in pig meat consumption, which is functioning as the main driver for the increased usage of swine feed across the region. China alone is responsible for a large share of pork production and export globally. Some of the most important elements driving the expansion of the market are the high profits associated with pork production in various economies, such as low farm costs, low labor costs, robust pork production, and a well-established distribution network. Market expansion is expected to be aided during the forecast period by factors including a growing urban population and high purchasing power among consumers in various Asian countries.
The rising demand for high-quality swine meat and other products across North America is expected to lead to significant growth in the region during the analysis period. The US is predicted to boost the market due to the presence of key industry players such as Archer Daniels Midland, Kent Nutrition, Cargill Incorporated, and others. The potential expansion of the quality swine feed sector in nations like the US and Canada is related, in part, to the significant profits made from pork exports. Due to a rapid expansion in swine headcount across the region, Brazil is expected to hold a significant share of the regional market. In the last decade, the country has become a major exporter of pork.
Global Swine Feed Market By Geography, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Swine Feed Market Dynamics
Swine Feed Market Driver
- The increasing production of pigs is predicted to increase the need for swine feed, which in turn is likely to increase as the global population increases its consumption of animal protein. Because of its low cost, pork is consumed by a diverse portion of society regardless of economic standing. In addition, the need for feed will rise because customers have a strong preference for pig products like bacon, ham, and others because of their flavor and texture. Pork markets in developed economies are expected to drive the market forward during the forecast period because of increasing exports of pork by-products globally.
Swine Feed Market Restraint
- High raw material and additive price volatility can hinder market expansion. A spike in corn prices can affect the affordability of small and medium-sized farms. Rising numbers of vegans and vegetarians are expected to reduce the demand for pig meat will hurt the industry.
- ASF, PED, and other swine illnesses are expected to hinder market growth and will restrain the growth of the swine feed market during the analysis period.
Request Free Customization of this report to help us to meet your business objectives.
Swine Feed Market Competitive Landscape
The swine feed market is relatively fragmented, with a high level of competition. Few large players, like DSM N.V., BASF SE, and Kent Corporation, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Swine Feed Market Top Player’s Company Profiles
- Cargill Inc.
- Archer Daniels Midland Company
- Charoen Pokphand Foods PCL
- Nutreco N.V.
- Land O'Lakes Inc.
- New Hope Group Co. Ltd.
- Guangdong Haid Group Co. Ltd.
- De Heus Animal Nutrition BV
- ForFarmers NV
- Alltech Inc
- Koninklijke DSM N.V.
- Kent Nutrition Group Inc.
- Purina Animal Nutrition LLC
- Zhengbang Group
- Wen's Food Group
- J.D. Heiskell & Co.
- Guangxi Yangxiang Co. Ltd.
- Guangdong Wens Foodstuff Group Co. Ltd.
- Japfa Ltd.
- Tyson Foods Inc.
Swine Feed Market Recent Developments
- In August 2022, BASF launched a new regional production facility in Singapore for its Agricultural Solutions division. BASF will be able to offer crop protection products to farmers in Asia-Pacific from a key location in the region thanks to the multipurpose facility, which is designed to initially handle six distinct formulation technologies.
- In August 2022, ADM, and Benson Hill, Inc. announced a long-term strategic agreement to develop new soy ingredients to address the growing demand for plant-based proteins. The alliance will serve savory, sweet, and dairy plant-based markets.
Swine Feed Key Market Trends
- Organic pig meat production is a growing industry that could provide advantages for farmers and animals alike. Demand for organic swine feed is expected to rise in trend with the popularity of organic pork. Increasing the production of organic feed to produce organic pigs is expected to be profitable in the market as consumer preference for organic food has increased significantly in recent years. The use of synthetic minerals and vitamins in organic swine diets, as well as the use of non-genetically modified vaccines, are factors that are expected to contribute to the expansion of the organic swine feed market.
Swine Feed Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the swine feed market is expected to rise as a result of the increased commercialization of feed products for pigs and the rising concern among farmers about swine health. The industry is being shaped by the rising demand for premium pork in both developed and developing economies. Based on type, the market is segmented into starter feed, sow feed, and grower feed. Based on region, the global Swine Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. In 2021, the amino acid segment accounted for the largest market share in the global swine feed additive market. China alone is responsible for a large share of pork production and export globally. The rising demand for high-quality swine meat and other products across North America is expected to lead to significant growth in the region during the analysis period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 99.03 billion |
| Market size value in 2031 | USD 145.3 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Swine Feed Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Swine Feed Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Swine Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Swine Feed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Swine Feed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Swine Feed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
