What is the global market size of Swine Feed Market?

Global Swine Feed Market was valued at USD 8.91 Billion in 2021, and it is expected to reach a value of USD 12.85 Billion by 2028, at a CAGR of 5.46% over the forecast period (2022-2028). Read More

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.

Swine Feed Market Report Snapshots

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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. '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.'

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.

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.

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.

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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

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