United States Swine Feed Market to Reach US$ 36,958.7 Million by 2032, Propelled by Rising Demand for Animal Protein

September 18, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “United States Swine Feed Market Report by Product Type (Grower, Starter, Sow, and Others), Feed Essence (Vitamins, Antioxidants, Feed Acidifiers, Feed Enzymes, Amino Acids, and Others), Feed Additive Type (Zootechnical Feed Additives, Sensory Feed Additives, Nutritional Feed Additives), and Region 2024-2032,” the United States swine feed market size reached US$ 24,298.8 Million in 2023. Swine feed refers to the specialized diet designed for pigs, specifically tailored to meet their nutritional requirements for optimal growth, health, and reproduction. This type of feed typically consists of a combination of grains, such as corn, wheat, and barley, along with protein sources like soybean meal, fish meal, and meat and bone meal. It may also include vitamins, minerals, and additives to support pig health and enhance their overall performance. Swine feed is formulated to provide balanced nutrition, considering factors such as age, weight, and specific production goals. The composition of swine feed can vary depending on the pig's stage of growth, from starter feed for young pigs to finisher feed for mature animals.

United States Swine Feed Market Trends:

In the United States, the rising demand for pork products due to the increasing preference for pork consumption represents the primary factor driving the market growth. Moreover, numerous advancements in swine nutrition research and technology which plays a crucial role in developing more efficient and cost-effective feed formulations, thereby improving pig performance, and reducing feed wastage has catalyzed the market growth. Moreover, the escalating need for more eco-friendly feed options and efficient waste management practices owing to stricter environmental regulations and sustainability concerns is positively influencing the market growth. Besides this, the rising volatility in grain and feed ingredient prices that affects production costs and profitability for farmers and feed manufacturers is propelling the market growth. Apart from this, ongoing research and development (R&D) activities regarding the testing of new ingredients and feed formula to produce innovative and efficient swine feed variants is another major growth-inducing factor. Furthermore, changes in government policies, trade agreements, and international market dynamics across the country are contributing to the market growth by altering import and export patterns and influencing domestic prices. Looking forward, the market value is projected to reach US$ 36,958.7 Million by 2032, expanding at a CAGR of 4.6% during the forecast period (2024-2032).

Market Summary:

On the basis of the product type, the market has been divided into grower, starter, sow, and others. Presently, grower exhibits a clear dominance in the market.
Based on the feed essence, the market has been categorized into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids, and others. At present, amino acids hold the largest share in the market.
The market has been segregated based on the feed additive type into zootechnical, sensory, and nutritional feed additives. Amongst these, nutritional feed additives dominate the market.
Region-wise, the market has been classified into Northeast, Midwest, South, and West. Currently, the West region holds the leading position in the market.
The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product Type, Feed Essence, Feed Additive Type, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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