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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Swine Feed Market Outlook
The global swine feed market reached a value of nearly USD 134.45 billion in 2023. By 2032, the industry is expected to attain a value of USD 200.31 billion, growing at a CAGR of 4.50% over the forecast period of 2024-2032.
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The global swine feed market is being driven by the rising health awareness among consumers, coupled with the growing consumer demand for protein-based products, including pork. The grower segment, among other product-types, dominates the market. Region-wise, the Asia Pacific represents the largest market for swine feed, holding most of the global share owing to the presence of a significant pig population and high pork consumption in various parts within the region. It is estimated that around 50% of the world's pig population is concentrated in China, followed by the European Union and the United States. This suggests that these regions will remain the highest users of compound feed for the production of pork.
Market Segmentation
Swine feed, made from natural ingredients derived from products like corn, soybean, and wheat, among others, is utilised for the purpose of improving the feed quality for pigs who require a specific set of nutrients in order to maintain their weight, energy, and milk production levels. Swine feed is also fortified with amino acids, essential fatty acids, vitamins, and minerals in order to satisfy the nutritional needs of pigs. There are a number of pellets, and mash swine feeds in the market that are designed to boost the efficiency, health and performance, and herd safety.
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Based on product type, the swine feed market is divided into:
- Grower
- Starter
- Sow
- Others
On the basis of feed essence, the industry is segmented into:
- Vitamins
- Antioxidants
- Feed Acidifiers
- Feed Enzymes
- Amino Acids
- Others
Based on feed additive type, the industry is segmented into:
- Zootechnical
- Sensory
- Nutritional
- Others
The report also covers the regional swine feed markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global swine feed market is being driven by the increasing focus on biosecurity, which in turn, has prompted the producers to use high-quality ingredients while formulating their products. The growing consumer awareness and increased demand for high-quality products are driving this trend. Further, as pork is cheaper than other sources of meat, its consumption both in developed and developing nations has been growing significantly. Additionally, customers are intrigued by its palatability, fat quality, and texture, resulting in increased demand for pork. The growing middle-class population, increasing disposable incomes, and changing consumer preferences are supporting the swine feed market growth.
In recent years, with rapid technological advancement, the feed manufacturing industry has been witnessing several innovations to enhance the manufacturing process. One such technology is pelleting, which is a cost-effective method that aids in reducing diet segregation, enhancing feed handling, decreasing dustiness, and improving bulk density. In addition, producers are also creating innovative product variants, such as swine feed premix, which is expected to provide a further boost to the swine feed market over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global swine feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- DSM Animal Nutrition
- Lallemand Inc.
- Cargill Incorporated
- ADM Animal Nutrition
- BASF SE
- Kent Nutrition Group
- Novus International
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Feed Essence |
|
| Breakup by Feed Additive Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global swine feed market reached a value of USD 134.45 billion in 2023.
The market is projected to grow at a CAGR of 4.50% between 2024 and 2032.
The market is estimated to observe a healthy growth in the forecast period of 2024-2032 to reach a value of about USD 200.31 billion.
The major drivers of the market include rising disposable incomes, increasing demand for swine-based products, changing consumer preferences, and increased demand for high quality products.
Usage of high quality feed by swine farmers, an increasing focus on biosecurity, and growing innovations in feed products are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Grower, starter, and sow, among others are the various product types in the market.
The major feed essences in the market are vitamins, antioxidants, feed acidifiers, feed enzymes, and amino acids, among others.
The feed additives types in the market are zootechnical feed additives, sensory feed additives, and nutritional feed additives, among others.
The leading players in the global swine feed market are DSM Animal Nutrition, Lallemand Inc., Cargill Incorporated, ADM Animal Nutrition, BASF SE, Kent Nutrition Group, and Novus International, among others.
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