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Swine Feed Minerals Market Growth Factors, Trends, Demand Status And Forecast To 2033
Swine Feed Minerals Market Growth
As per the report, the swine feed minerals market size has grown rapidly in recent years. It will grow from $136.23 billion in 2023 to $150.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The swine feed minerals market size is expected to see rapid growth in the next few years. It will grow to $221.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
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Demand For Organic Meat Driving Swine Feed Minerals Market
An increase in the demand for organic meat is expected to propel the growth of the swine feed minerals market going forward. Organic meat has health benefits as it has less saturated fat, fewer calories, and higher levels of healthy omega-3 acids. Farm owners are becoming more aware of the importance of feeding healthy pigs, and this in turn demands the best quality minerals for swine feeds. For instance, SPINS, a US-based wellness-focused data technology company, found that about 70% of millennial pet owners want natural and organic products for their pets. Therefore, the demand for organic meat is driving the growth of the swine feed minerals market.
Product Innovation Trend In Swine Feed Minerals Market
Product innovations are a key trend gaining popularity in the swine feed minerals market. Major companies operating in the swine feed minerals market are focused on developing new product solutions to strengthen their position. For instance, in November 2022, ADM, a US-based human and animal nutrition company, announced the launch of two products under its SUCRAM range, an in-feed sweetening solution for livestock species. The feed additives business, Pancosma, SUCRAM M'I Sweet, and SUCRAM Specifeek are sweeteners designed to improve the palatability of feed for young animals, particularly weanling pigs. Palatants and sweeteners are useful nutrition solutions to improve feed intake and enhance efficiencies for producers while also supporting animal health and well-being.
The swine feed minerals market covered in this report is segmented -
1) By Product: Starter Feed or Grower Feed, Sow Feed, Pig Grower Feed, Other Products
2) By Ingredients: Cereal, Oilseed Meal, Oil, Molasses, Other Ingredients
3) By Additives: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Other Additives
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Major companies operating in the swine feed minerals market report are Alltech, Archer Daniels Midland Company, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Kent Corporation, Nutreco N. V., BASF SE, Land O'Lakes Inc., CHR. Hansen Holdings A/S, Lallemand Inc., Novus International Inc., De Heus B. V., Forfarmers B. V., J. D. Heiskell & Company Inc., Associated British Foods plc, Keystone Mills Inc., Koninklijke DSM N. V., Purina Mills LLC, New Hope Group Co. Ltd., Guangdong Haid Group Co. Ltd., Zhengbang Group Co. Ltd., Guangxi Yangxiang Co. Ltd., COOPERL Atlantic Arc, Iowa Select Farms Inc., Beijing Dabeinong Technology Group Co. Ltd., COFCO Group, Vall Companys Group, Seara Foods, The Maschhoffs, Miratorg Agribusiness Holding, Muyuan Foodstuff Co. Ltd., Wens Food Group Co. Ltd., Triumph Foods
Contents of the report:
1. Executive Summary
2. Swine Feed Minerals Market Report Structure
3. Swine Feed Minerals Market Trends And Strategies
4. Swine Feed Minerals Market - Macro Economic Scenario
5. Swine Feed Minerals Market Size And Growth
…..
27. Swine Feed Minerals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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