Swine Feed Market, By Ingredients (Cereals, Cereals by products, Oil Seed Meal, Oils, Molasses, Supplements, Others), By Supplement (Antibiotics, Vitamins, Antioxidants, Amino Acids, Acidifiers, Enzymes, Other Types), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Most feed rations contain cereal grains, which are low in fiber and high in energy. Corn is the most common grain used, but other grains can be used as base ingredients. Soybean meal is a good source of protein, but it cannot be the only protein source for pigs. Soybean meal has a much higher energy content than corn.
Market Dynamics:
Growing demand for high-value animal protein is driving growth of the swine feed market. Moreover, rising industrialization of livestock production is again anticipated to foster market growth. Growing awareness regarding the quality and safety of pork is also expected to augment the market growth. Furthermore, increasing demand for non-GMO labelled pork is further projected to spur the market growth.
On the other hand, fluctuating price of raw materials is expected to curtail the market growth.
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