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The global swine feed market reached a value of US$ 113.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 136.8 Billion by 2027, exhibiting a CAGR of 3.20% 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 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.
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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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global swine feed market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, feed essence and feed additive type.
Breakup by Product Type:
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Based on the product type, the market has been segmented into grower, starter, sow and others. The grower segment currently represents the biggest segment.
Breakup by Feed Essence:
Based on the feed essence, the market has been segmented into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids and others.
Breakup by Feed Additive Type:
Based on the feed additive type, the market has been segmented into zootechnical feed additives, sensory feed additives and nutritional feed additives.
Breakup by Region:
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On a geographical front, the market has been categorized into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market for swine feed, accounting for the majority of the global share.
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.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Feed Essence, Feed Additive Type, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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 global swine feed market was valued at US$ 113.9 Billion in 2021.
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 global swine feed market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary restriction on production and supply of livestock, feed, and feed ingredients, thereby negatively impacting the demand for swine feed.
Based on the product type, the global swine feed market can be segregated into grower, starter, sow, and others. Among these, the grower segment holds the majority of the total market share.
Based on the feed essence, the global swine feed market has been bifurcated into vitamins, antioxidants, feed acidifiers, antibiotics, feed enzymes, amino acids, and others. Currently, amino acids exhibit a clear dominance in the market.
Based on the feed additive type, the global swine feed market can be categorized into nutritional feed additives, zootechnical feed additives, and sensory feed additives. Among these, nutritional feed additives currently account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global swine feed market 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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