United States Swine Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Swine Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3164
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Market Overview:

The United States swine feed market size reached US$ 23,032.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 31,757.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Swine feed refers to the dietary supplement for pigs, which is made of natural corn, soybean, and wheat ingredients. It is fortified with amino acids, essential fatty acids, vitamins, and minerals to meet the nutritional requirement of pigs. A wide variety of pellets and mash swine feeds are available in the market, which helps in improving the performance goals and herd health as they comprise proteins made of all-natural plant sources and natural fungal-based enzymes.

The United States swine feed market is primarily driven by the rising demand for pork, as it is cheaper, highly nutritious, and contains less fat and cholesterol compared to beef and other meat products. Additionally, changing regulations and policies in the country, coupled with the growing demand for animal protein, is providing a positive impact on the market growth. Moreover, extensive research and development (R&D) activities regarding the testing of new ingredients and feed formula to produce innovative and efficient swine feed variants are also bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States swine feed market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, feed essence and feed additive type.

Breakup by Product Type:

  • Grower
  • Starter
  • Sow
  • Others
     

Breakup by Feed Essence:

  • Vitamins
  • Antioxidants
  • Feed Acidifiers
  • Feed enzymes
  • Amino acids
  • Others
     

Breakup by Feed Additive Type:

  • Zootechnical Feed Additives
  • Sensory Feed Additives 
  • Nutritional Feed Additives
     

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

Key Questions Answered in This Report

The United States swine feed market was valued at US$ 23,032.0 Million in 2022.

We expect the United States swine feed market to exhibit a CAGR of 5.3% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary restriction on production and supply of livestock, feed, and feed ingredients, thereby negatively impacting the United States market for swine feed.

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 United States swine feed market.

Based on the product type, the United States swine feed market can be categorized into grower, starter, sow, and others. Currently, grower accounts for the majority of the total market share.

Based on the food essence, the United States swine feed market has been segregated into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids, and others. Among these, amino acids currently hold the largest market share.

Based on the feed additive type, the United States swine feed market can be bifurcated into zootechnical feed additives, sensory feed additives, and nutritional feed additives. Currently, nutritional feed additives exhibit a clear dominance in the market.

On a regional level, the market has been classified into Northeast, Midwest, South, and West, where West currently dominates the United States swine feed market.

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United States Swine Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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