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The Asia Pacific swine feed market size reached US$ 48,672 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 59,163 Million by 2027, exhibiting a growth rate (CAGR) of 3.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Swine feed refers to a range of processed, semi-processed, and raw food items for pigs that are formulated by combining various essential nutrients. They help in maintaining the health and well-being of pigs. Some of the raw materials used in producing swine feed include natural corn, soybean, and wheat-based ingredients. In the Asia Pacific region, pig farmers use swine feed to promote the growth and acid resistance in pigs and increase the quality of the pork.
The Asia Pacific swine feed market is primarily driven by the increasing consumption of pork in countries such as China, Vietnam, the Philippines and Thailand. Due to the growing awareness regarding eating healthy food, there has been rising swine production, which is positively impacting the market growth. Besides this, manufacturers are introducing vitamin supplements and various other nutrients in the feed to improve the quality and texture of the pork, thereby increasing the demand for swine feed among farmers. Additionally, the growing awareness regarding the nutritional benefits of swine feed among small-scale pig farmers has resulted in an increased number of swine feed mills, particularly in countries such as India and Japan.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific swine feed market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, feed essence and feed additive type.
Breakup by Product Type:
Breakup by Feed Essence:
Breakup by Feed Additive Type:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Feed Essence, Feed Additive Type, Country|
|Countries Covered||China, Japan, India, South Korea, Australia, Indonesia, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option|
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The Asia Pacific swine feed market was valued at US$ 48,672 Million in 2021.
We expect the Asia Pacific swine feed market to exhibit a CAGR of 3.3% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the temporary restriction on production and supply of livestock, feed, and feed ingredients, thereby negatively impacting the Asia Pacific market for swine feed.
The increasing demand for organic pig meat, along with the introduction of new animal rearing practices and maintenance of high farming standards, is primarily driving the Asia Pacific swine feed market.
Based on the product type, the Asia Pacific swine feed market can be categorized into grower, starter, sow, and others. Currently, grower accounts for the majority of the total market share.
Based on the feed essence, the Asia Pacific swine feed market has been segregated into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids, and others. Among these, amino acids currently hold the largest market share.
Based on the feed additives type, the Asia Pacific swine feed market can be bifurcated into zootechnical feed additives, sensory feed additives, and nutritional feed additives. Currently, nutritional feed additives exhibit a clear dominance in the market.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific swine feed market.
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