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United States Swine Feed Market to Reach US$ 30,618 Million by 2027, Catalyzed by Rising Demand for Pork Meat

Published on Nov 25, 2022

IMARC Group’s latest report, titled “United States Swine Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the United States swine feed market size reached US$ 21,790 Million in 2021. Swine feed is prepared from various ingredients, such as wheat, corn, barley, oats, and sorghum, to provide nutrition to pigs. It keeps the diet palatable and increases the shelf life of feed. It assists in facilitating the growth of bones, muscles, and skin cells while repairing worn body tissues. It also aids in balancing gut microbiota, boosting intestinal immunity, improving fecal health, and providing nutritional solutions to reduce boar taint. Besides this, it prevents protein deficiency in swine, which can lead to excess weight loss and reduced milk production to feed piglets.

United States Swine Feed Market Trends:

At present, the growing demand for high-quality pork to prepare various dishes, such as char siu, bulgogi, and banh mi, represents one of the primary factors driving the market in the United States. In addition, there is a rise in the demand for bacon and pork sausage. This, along with the thriving food and beverage (F&B) industry, is bolstering the growth of the market in the US. Besides this, the increasing utilization of black soldier fly larvae oil in swine feed to improve the performance of pigs is offering lucrative growth opportunities to industry investors in the country. Moreover, technological advancements in pig farming to enhance reproduction, disease control, and electronic identification of pigs are supporting the market growth. Apart from this, the growing awareness among farmers about the harmful impacts of using hormones, antibiotics, and other chemicals in swine feed is positively influencing the market in the country. The rising preference for organic farming in the US is also offering a favorable market outlook. Additionally, the wide availability of swine feed through online and offline distribution channels is strengthening the growth of the market. Looking forward, IMARC Group expects the market value to reach US$ 30,618 Million by 2027, expanding at a CAGR of 5.81% during 2022-2027.

Market Summary:

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

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