Press release
Pig Feed Market is expected to Witness a Sustainable Growth over 2031
According to latest research study by FactMR, Pig Feed market is on the urge to showcase substantial growth of more than 5% during 2022-2031. Pork is the world's most common and widely consumed meat, particularly in Europe and Southeast Asia.Pork is less expensive than other meats, which contributes to its widespread consumption. Pork demand is being boosted by a strong middle-class population, rising disposable income, and shifting customer preferences. The consumption of pork has relative impact on the production of high quality pig feed enabling promising growth outlook during the forecast period.
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What is Driving Demand for Pig Feed?
Feed additives play a vital role in animal nutrition in modern livestock management. They increase the digestibility of the feed while also increasing the nutritional quality and palatability of the feed to provide health benefits.
Since feed costs account for three fourth of the total cost of pig meat production, the growth of the pork industry has also aided the growth of the pig feed sector. As a result, the cost of feed ingredients has a significant effect on the cost of pork production.
Factors Driving Pig Feed Sale
In 2019, total feed tonnage for all species decreased by less than 2% to 1.2 billion metric tons. The top feed producers are the, China, United States Russia, Mexico, Germany, India, Spain, Japan, and Brazil. These countries produce nearly 60% of the world's feed and have close to 55% of the world's feed mills, so they are considered as a benchmark for overall agricultural trends.
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Who are the Key Manufacturers and Suppliers of Pig Feed?
Some of the leading manufacturers and suppliers of pig feed include AGRAVIS
Alltech Inc.
ANYOU Grou
Archer Daniels Midland
BASF Limited
Cargill Inc.
Chr Hansen
CP Group
DaChan
DBN Group
ForFarmers
Hi-Pro Feeds
Jinxinnong
Kent Foods
Lallemand Inc.
Land O' Lakes Purina
New Hope
Novus International Inc.
Nutreco NV
Royal DSM Holdings Limited
TRS Group
Twins Group
Key Segments
By Life Stage
Weaning
Grow Finish
Commercial Sow
Small Farm or Hobby
By Additive Type
Zootechnical Feed Additives
Sensory Feed Additives
Nutritional Feed Additives
By Supplement
Antibiotics
Vitamins
Antioxidants
Amino Acids
Enzymes
Acidifiers
Others
By Ingredients
Corn
Milo
Wheats
Oats
Barley
Meat
Others
By Sales Channel
Modern Trade Channels
Online Channel
Third Party Website
Direct to Customer
Animal Food Stores
Others
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