Press release
Swine Feed Market Plying for Significant Growth During 2024 - 2031 | Charoen Pokphand Foods PCL, Cargill Incorporated
Swine Feed Market
The global Swine Feed market was valued at US$ 99,039.40 Mn in 2021 and is forecast to reach a value of US$ 145,300.00 Mn by 2030 at a CAGR of 4.50% between 2022 and 2030.
Market Dynamics:
The swine feed market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, rising pork consumption worldwide especially in Asian countries such as China, Vietnam, Philippines etc. isaugmenting the demand for swine feed. As per data, China alone consumes over 50% of global pork production. Secondly, growing awareness about animal nutrition and shift towards specialized swine feed formulations to enhance productivity is propelling the market growth. These swine-specific feed products are formulated with precise nutritional balance of proteins, vitamins, minerals and others which improves animal health and production efficiency.
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Swine Feed Market - Driver 1: Increasing global meat consumption
The increasing global meat consumption has been one of the primary drivers for the growth of the swine feed market. Meat has become an integral part of people's diets across the world due to rising incomes and changing food preferences. According to Food and Agriculture Organization (FAO), global meat consumption has increased from 228 million tons in 2018 to 233 million tons in 2019. Pork is one of the most consumed meats globally with China being the largest producer and consumer of pork. The rise in pork consumption has led to increased demand for swine feed to rear pigs for meat production. Feed manufacturers are offering specialized nutrition-rich feed options to farmers to enhance the growth and quality of pork meat. This driver is expected to continue propelling the swine feed market during the forecast period.
Swine Feed Market - Opportunity: Expansion into new markets
The swine feed market players have an opportunity to expand their business and market reach into emerging countries and regions witnessing growth in swine production and pork consumption. Countries in Southeast Asia, Latin America, and Africa are increasingly adopting commercial pig farming to meet the rising demand for pork domestically as well as for exports. These markets provide untapped opportunities for swine feed companies to establish manufacturing units, import feed for local usage, set up distribution networks and technical advisory services. For instance, Nigeria has potential to become a major pork producer and consumer in Africa. Success in new swine farming hotspots will offer huge scope for feed makers and help drive future market revenues. Entering uncharted territories with suitable market entry strategies presents lucrative opportunities.
Swine Feed Market - Trend: Incorporation of alternative ingredients
Alternative ingredients are gaining prominence in swine feeds to make them more nutritious, economical, and sustainable. Companies are exploring options to replace conventional cereal grains with unconventional raw materials in compound feeds. Some commonly used feedstuff alternatives include food waste, insects (black soldier fly larvae), aquaculture by-products (fish meal), and grain by-products (DDGS). There is also a focus on natural feed additives from plant sources over antibiotics. These out-of-the-box solutions not only address environmental concerns but also overcome supply disruptions and price spikes of traditional ingredients. The trend reflects the constant effort to develop innovative affordable formulas enhancing productivity. This evolving practice will define future developments and present growth prospects in the swine feed industry.
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Top Companies Featured in This Report:
★ Charoen Pokphand Foods PCL
★ Cargill Incorporated
★ Land O' Lakes Inc.
★ Alltech
★ ADM
★ KENT Nutrition Group
★ Forfarmers
★ DLG Group
★ Nutreco
★ J.D. Heiskell & Co.
★ De Heus Animal Nutrition
Market Segmentation:
By Product Type:
★ By Ingredients: Cereals, Cereals by products, Oil Seed Meal, Oils, Molasses, Supplements, Others
★ By Supplement: Antibiotics, Vitamins, Antioxidants, Amino Acids, Acidifiers, Enzymes, Other Types
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Swine Feed Market Competition Landscape by Players
Chapter 4: Assessment of Swine Feed Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Swine Feed sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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