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Demand For Organic Meat Driving Swine Feed Minerals Market: Powering Innovation and Expansion in the Swine Feed Minerals Market by 2025
Swine Feed Minerals Market
What Is the Expected CAGR for the Swine Feed Minerals Market Through 2025?
Over the years, there has been substantial growth in the size of the swine feed minerals market. It is predicted to expand from $149.38 billion in 2024 to $163.73 billion in 2025, showing a compound annual growth rate (CAGR) of 9.6%. Factors contributing to the growth during the historic period include enhancement of feed efficiency, increased nutritional awareness, disease prevention measures, and increased livestock intensification.
What's the Projected Size of the Global Swine Feed Minerals Market by 2029?
The market size of swine feed minerals is anticipated to exhibit robust growth in the upcoming years, reaching $239.15 billion by 2029 with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to the growth in the forecast period include rising population, emphasis on sustainable farming practices, legislative modifications, and global economic patterns. Key trends predicted for the forecast period are technological progression, heightened demand for specialty minerals, advancement in precision nutrition, growth of organic and natural feed additives, digital transformation in farming, improvements in mineral delivery systems, and market consolidation.
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Top Growth Drivers in the Swine Feed Minerals Industry: What's Accelerating the Market?
The upswing in organic meat demand is anticipated to spur the swine feed minerals market expansion. This is attributed to the health advantages of organic meat, such as reduced saturated fat, lower calorie content, and increased quantities of beneficial omega-3 acids. The crucial aspect of providing healthy feed to pigs has become something farm owners are increasingly aware of. This necessitates top-quality minerals in the swine feeds. According to SPINS, a wellness-centered data tech firm based in the US, around 70% of millennials who own pets exhibit a preference for organic and natural products for their pets. As such, the organic meat demand is a key contributor to the expansion of the swine feed minerals market.
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What Trends Will Shape the Swine Feed Minerals Market Through 2029 and Beyond?
One significant trend gaining traction in the swine feed minerals market is the emphasis on product innovations. Prominent players in this market are focusing on introducing novel product solutions to solidify their market standing. To illustrate, ADM, an American firm specialising in human and animal nutrition, unveiled two new offerings under its SUCRAM brand, a solution for sweetening livestock feed, in November 2022. The feed additives enterprise, Pancosma, contributed by producing SUCRAM M'I Sweet and SUCRAM Specifeek, sweeteners aimed at enhancing the taste appeal of feed for young livestock, especially weanling pigs. Such flavour enhancers and sweeteners offer valuable nutritional solutions that boost feed consumption and operational efficiencies for producers, in addition to promoting the health and welfare of the animals.
What Are the Main 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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Which Top Companies are Driving Growth 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 Regions Will Dominate the Swine Feed Minerals Market Through 2029?
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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