Press release
Global study on swine feed market share, trends and analysis
global swine feed market
Changing aspects of global swine feed market
The driving factors for the growth of global swine feed market are-
• High demand for healthy pork meat leading to rise in pork meat production
• Increases cases of various diseases leading to rise in feed which is medicated and nutrient infused feed
• With addition to R & D activities for newer swine feed products that can enhance the swine health
However, high cost of feed, feed deterioration due to environmental factors and lack of awareness about use of medicated and nutrient infused feed in undeveloped countries are restraining factors affecting the global swine feed market.
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Regional analysis:
Asia-Pacific region holds the largest share in the swine feed market. Due to high pork consumption in this region, the health quality leading to good quality meat is pushing the boundary for swine feed market too. This has also led to many companies to set their base in Asia-Pacific regions. Closely followed by Europe and U.S. Countries such as Australia, New Zealand, North Korea, China, Vietnam, and the Philippines witnessed the highest demand for swine feed which is positively impacting the market for swine feed.
North America comes second in production of pork and is largest exporter of pork meat.
While Europe market is experiencing substantial growth owing to increasing pork consumption combined with strict regulatory practices regarding meat production.
Market summary:
To produce good quality pork meat and increase meat production, the swine feed is combined with nutritious elements such as corn, soya beans as wholesome meal to the swine. Thus, the swine feed manufacturers are getting great business and great outcomes too.
Notable market development:
Cargill Inc. acquired a feed mill in Prachinburi province in Thailand to expand its poultry and swine feed business in 2017.
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Some of the key players in the global swine feed market include:
• Archer Daniels Midland Company (U.S.)
• BASF SE (Germany)
• Novus International (U.S.)
• Cargill, Inc. (U.S.)
• Koninklijke DSM N.V. (Netherlands)
• Hansen Holding A/S (Denmark)
• Alltech, Inc. (U.S.)
• Lallemand, Inc. (Canada)
• I. du Pont de Nemours and Company (U.S.)
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The global swine feed market is divided into following categories-
By feed type
• Starter Feed
• Sow Feed
• Pig Grower Feed
• Others
By feed additives type
• Sensory Feed Additives
• Zoo technical Feed Additives
• Nutritional Feed Additives
By feed essence
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Proteins
• Feed Acidifiers
• Feed Enzymes
• Others
By geographical regions
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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