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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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