Swine Feed Market Growth Expected to Reach $121,179.3 Million by 2027

Global Swine Feed Market size was valued at $100,185.5 million in 2019, and is projected to reach $121,179.3 million by 2027, registering a CAGR of 3.5% from 2021 to 2027.

The demand for swine feed is expected to increase during the forecast period, owing to rise in demand for high quality pork meat globally. In addition, many manufacturers are introducing organic swine feed in the market, which is expected to boost the growth of the swine feed market in terms of value sales during the forecast period.

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Swine feeds refer to the animal feed that are formulated to meet the nutritional need of pig. The swine feed consists of corn, barley, soy meal, sorghum, minerals, wheat, vitamins, other micronutrients, antibiotics, and others. Rise in demand for good quality pork meat has driven the demand for swine feed in the market. This in turn has bolster the swine feed market growth in terms of value sales. Feeding pigs with nutritional swine feed such as feed containing prebiotics, vitamins, antibiotics and others is one of the swine feed market trends which is trending among the farm owners.

The outbreak of coronavirus has negatively impacted the swine feed market along with all stages of supply chain and value chain. It has further shaped consumer attitudes and priorities in several areas. The COVID-19 pandemic has not only hampered the production facilities but has also disrupted the supply chains such as material suppliers and distributors of the market globally resulting in the loss of the business in terms of value sales.

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The global swine feed market is segmented into product type, form, nature, and region. By product type, the market is classified into starter, grower, and finisher. By form, it is divided into pellets, mash, and crumbs. By nature, it is segmented into conventional and organic Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of LAMEA).

The key players operating in the global swine feed industry include Purina Mills LLC, Archer Daniel Midland Company, Cargill Inc., BASF SE, Lallemand Inc., Kent Corporation, Charoen Pokphand Foods, Keystone Mills, Kreamer Feed Inc., and Alltech.

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