Swine Feed Market Report 2017: Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2022
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Starter Diets will remain the Most Preferred Diet Type
Starter diets will continue to hold the top position throughout the assessment period. Currently, starter diets represent more than one-fourth share of the global market in terms of revenue. Towards the end of 2022, over US$ 42,770 Mn worth starter diets are expected to soled worldwide.
Highlights from the Report Include:
1) Among regions, demand for swine feed is relatively high in the Asia-Pacific excluding Japan (APEJ) region and the trend is likely to continue throughout the projection period. The market in the region is expected to soar at a steady pace during 2017 to 2022. This is primarily attributed to existence of a massive pork meat industry in China. In addition, China is among the leading countries in the world that account for highest pork production and consumption. North America and Europe are also expected to account for significant share of the global market for swine feed during the forecast period.
2) On the basis of diet type, the starter diets segment is expected to retain its top position over 2022. The segment currently commands for close to 26% revenue share of the global market. The starter diest segment is projected to reach a market valuation in excess of US$ 42,700 Mn by end of the projection period.
3) On the basis of feed ingredients, the wheat segment is expected to hold the top position over 2022. This segment presently account for around 22% market share in terms of revenue and is projected to surpass a market valuation of US$ 36,300 Mn by 2022-end.
4) On the basis feed additives, the vitamin segment is expected to remain highly attractive during the forecast period. In terms of revenue, the segment currently represent close to 26% market share and expected to exhibit a sound growth over 2022.
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Wheat – Top Selling Swine Feed Ingredient
Demand for wheat for preparation of swine feed is likely to remain relatively high as compared to other feed ingredients. Wheat currently command for close to 22% revenue share of the global market. Global sales of wheat for preparation of swine feed is estimated to bring in over US$ 36,370 Mn in revenues by 2022-end.
Some of the key companies functioning in the global swine feed market include Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke DSM N.V., Nutreco N.V., Ridley Corporation Limited, Kent Nutrition Group Inc., Purina Animal Nutrition LLC., and BENEO GmbH.
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