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Market Overview:
The Swine Feed Market size is projected to reach USD 154.78 Billion by 2028 from an estimated USD 125.91 Billion in 2021, growing at a CAGR of 3.5% globally.
The main components of swine feed , also known as pig feed, are soy meal, maize, barley, wheat, sorghum, minerals, vitamins, and antibiotics. Swine feed also contains other nutrients from both plant and animal sources. Pig feed is sold in several formats, such as mash, crumbs, and pellets. Pellets are the most often used form of swine feed among swine farmers. Furthermore, swine feed demand is being driven up in terms of value sales by increased pork meat consumption. The expansion of the global market is anticipated to be aided by rising farmer concern over the health and growth of pigs and increased commercialization of pig feed products. Additionally, the growing demand for premium hog meat in both developed and developing countries is influencing the industry.
The Report Will Include A Major Chapter
Patent Analysis Regulatory Framework Technology Roadmap BCG Matrix Heat Map Analysis Price Trend Analysis
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Market Dynamics and Factors:
The most popular and often consumed meat worldwide, particularly in Europe and Southeast Asia, is pork. Pork is more widely consumed since it is less expensive than other meats. The consumer is also enthralled by the product's flavor, fat content, and texture. A sizable middle-class population increased disposable money, and changing consumer preferences are all boosting pork consumption. In developed nations like North America and Europe as well as developing nations like China and Japan, pork production and consumption are quite high. The market for swine feed will continue to be driven by the global trend toward maintaining the health and intestinal function of pigs. The quality of swine feed additives determines the health of humans who consume pork. The healthy and nutrient-rich feed keeps pigs' stomachs in good condition, which indirectly reflects the world's pork-eating human population. On the other hand, governments in many countries have created normative guidelines and frequently audit the meals given to pigs.
Among the demands for more natural inputs, pressure on businesses to minimize their usage of antibiotics continues to rank highly. Production of RWA (Raised Without Antibiotics) is also gaining popularity. Once more, advances in feed technology can be helpful in this regard. Numerous bio-based feed additive solutions, including those that replace or boost production, can help reduce the use of antibiotics in RWA systems. These kinds of decisions are increasingly referred to as“Natural Growth Promoters” (NGPs) since they enhance performance in a natural way that is acceptable to end users. Yeast-derived nucleotides, yeast cell wall carbohydrates, and multi-carbohydrase enzymes are a few examples of NGPs that encourage optimal health, performance, and productivity.
Top Key Players Covered In The Swine Feed Market:
Cargill Inc. (U.S) ADM (U.S) BASF (Germany) Hansen Holdings A/S (Denmark) Lallemand Inc. (Canada) Novus International Inc. (U.S) Royal DSM N.V. (The Netherlands) Alltech Inc. (U.S) Charoen Popkhand Foods (Thailand) Associated British Food Plc. (U.K), and Other Major Players.
Swine Feed Market Report Highlight:
By type, the grower segment is anticipated to lead the growth of the Swine Feed market in the forecasted timeframe. Due to the high consumption of piglets or newborn pigs, grower feed demand is expected to stay strong during the projection period. One of the key reasons for the segment's large market share is the high price of grower feed, which is meant to encourage growth in newborn pigs By additive, an amino acid segment is expected to have the highest share of the Swine Feed market over the projected period. The piglet intestinal tract requires nutritional support for its growth and development as well as the function of digestion, absorption, and the mucosal barrier. In recent years, amino acids have been recognized to be important nutrients that promote the intestinal development and health of piglets By ingredients, the cereal segment is set to develop at the highest CAGR during the forecasted timeframe. Pigs are monogastric (single stomach) animals with inadequate fiber digestion (only 50% efficiency depending on the kind of fiber and age of pigs). As a result, they are not adapted to consuming pasture alone and require supplemental nutrition. The Asia Pacific region is expected to have the highest share of the Swine Feed market over the projected period. Pig meat consumption is expanding significantly in Asian countries such as China, Japan, South Korea, Malaysia, and others, which is the main driver for the region's high swine, feed utilization. China alone is responsible for a significant portion of global pork production and export.
Key Industry Development:
In March 2021, De Hues Animal Nutrition, a Dutch company that specializes in compound feed, concentrates, and other feed specialties acquired Golpasz, a Polish company. To provide consumers with personalized solutions, the company plans to integrate its experience with that of Golpasz.
In September 2020, the International Cooperation for Technical Requirements for Feed Ingredient Assessment endorsed a guidance document on homogeneity testing, which is essential for premarket authorization and approval of feed ingredients (ICCF).
Swine Feed Market Segmentation:
By Type
Starter Grower Sow Others
By Additive
Antibiotics Antioxidants Amino Acids Vitamins Others
By Ingredients
Cereal Oilseed Meal Oil Molasses Others
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For this report, Introspective Market Research has segmented the Swine Feed Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
Europe
Germany France UK Italy Turkey Rest of Europe
Asia Pacific
China India Japan South Korea Indonesia Vietnam Thailand Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia South Africa Iran Rest of MEA
Latin America
Brazil Argentina Rest of LATAM
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Scope of the Report:
The latest research on the Swine Feed market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Swine Feed industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Swine Feed market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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