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Swine Feed Minerals Industry Outlook 2025-2029: Market Set to Cross $240.73 Billion Milestone
Swine Feed Minerals
How Large Will the Swine Feed Minerals Market Size By 2025?
In recent times, the market size for swine feed minerals has seen significant growth. It is anticipated to expand from $149.38 billion in 2024 to $164.13 billion in 2025, witnessing a compound annual growth rate (CAGR) of 9.9%. The notable progress during the historic period can be connected to the enhancement of feed efficiency, consciousness about nutrition, disease control, and livestock intensification.
How Big Is the Swine Feed Minerals Market Size Expected to Grow by 2029?
The market size of minerals used in pig feed is projected to experience fast growth in the coming years, anticipated to increase to $240.73 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. The growth over the forecast period can be linked to increasing population, emphasis on green farming, changes in regulations, and worldwide economic developments. Significant trends projected for the forecast period encompass advancements in technology, heightened demand for specialty minerals, a surge in precision nutrition adoption, growth in organic and natural feed additives, digital transformation in farming, innovation in mineral delivery systems, and market consolidation.
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Which Key Market Drivers Powering Swine Feed Minerals Market Expansion and Growth?
The surge in the demand for organic meat is anticipated to stimulate the expansion of the swine feed minerals market in the future. This demand can be attributed to the health benefits of organic meat such as lower saturated fat, reduced calories, and richer content of healthy omega-3 acids. There is a growing awareness among farmers about the significance of providing healthy food to pigs, requiring top-quality minerals in swine feeds. For instance, SPINS, a wellness-focused data technology firm based in the US, has discovered that approximately 70% of millennial pet owners prefer natural and organic products for their animals. Consequently, this rising demand for organic meat is fueling the growth of the swine feed minerals market.
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Which Fast-Growing Trends Are Poised to Disrupt the Swine Feed Minerals Market?
Innovations in product development have emerged as a prevalent trend in the swine feed minerals market. Major businesses in this sector are concentrating on generating fresh product answers to bolster their industry standing. For instance, in November 2022, ADM, a US-based company specializing in human and animal nutrition, introduced two new products. These products belong to its SUCRAM series, which serves as an in-feed sweetening solution for various livestock species. Pancosma's feed additive division, SUCRAM M'I Sweet, and SUCRAM Specifeek, are sweeteners designed to enhance the taste of young animal feed, specifically weanling pigs. These palatability enhancers and sweeteners offer effective dietary solutions to boost feed consumption and streamline efficiencies for producers while bolstering animal health and welfare.
What Are the Emerging Segments in the Swine Feed Minerals Market?
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
Subsegments:
1) By Starter Feed Or Grower Feed: Pre-Starter Feed, Starter Grower Feed
2) By Sow Feed: Gestation Sow Feed, Lactating Sow Feed
3) By Pig Grower Feed: Grower Finisher Feed, Finishing Feed
4) By Other Products: Supplementary Feed, Specialty Feed Additives
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Who Are the Global Leaders in the Swine Feed Minerals Market?
Major companies operating in the swine feed minerals market include 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
Which are the Top Profitable Regional Markets for the Swine Feed Minerals Industry?
Asia-Pacific was the largest region in the swine feed minerals market in 2024. The regions covered in the swine feed minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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