Global Swine Feed Market to Reach US$ 136.8 Billion by 2027, Impelled by Increasing Consumption of Pork

December 12, 2022

According to the latest report by IMARC Group, titled "Swine Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," the global swine feed market reached a value of US$ 113.9 Billion in 2021. Swine feed is prepared from a mixture of nutrients derived from either plant or animal sources. It mainly includes soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics. It is available in different forms in the market, which include mash, crumbs, and pellets. Multiple pellets and mash swine feeds in the market are formulated to boost efficiency, health and performance, and herd safety. Swine feed is extensively utilized to improve the feed quality for pigs that require a specific set of nutrients to maintain their weight, energy, and milk production levels. It is often fortified with amino acids, essential fatty acids, vitamins, and minerals.

Global Swine Feed Market Trends: 

The global market is majorly driven by the increasing consumer demand for protein-based products, including pork. In line with this, high pork consumption across the globe in various cuisines is positively influencing the market growth. Furthermore, the growing focus on biosecurity has prompted manufacturers to use high-quality ingredients while formulating their products. This, in turn, is expected to catalyze the market. Apart from this, the escalating consumer awareness and increased demand for high-quality products are propelling the market. Moreover, the rising popularity of feed additives on account of consumer awareness regarding their benefits that help in promoting swine health is strengthening the market. Besides, the widespread adoption of product variants that are incorporated with well-researched and advanced additives and premixes to stimulate swine health is creating a positive outlook for the market. Additionally, the growing commercialization of feed products for pigs and the escalating concern among farmers about swine health and growth are favoring the market. Some of the other factors driving the market include the increasing per capita meat consumption, and the high likability of consumers towards well-bred pork meat. On account of the factors above, the market is anticipated to reach a value of US$ 136.8 Billion by 2027, exhibiting a CAGR of 3.2% during 2022-2027. 

Market Summary:

  • On the basis of the product type, the market has been categorized into grower, starter, sow, and others. Among these, the grower segment represents the biggest segment.
  • Based on the feed essence, the market has been classified into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids, and others.
  • Based on the feed additive type, the market has been segmented into zootechnical feed additives, sensory feed additives, and nutritional feed additives.
  • On the basis of the region, the market has been divided into Asia Pacific, Europe, North America, the Middle East, Africa, and Latin America.  At present, Asia Pacific holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some key players include 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.
     

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Global Swine Feed Market to Reach US$ 136.8 Billion by 2027, Impelled by Increasing Consumption of Pork
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