Swine Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Swine Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global swine feed market size reached US$ 116.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 141.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Swine feed is made with natural corn, soybean and wheat-based ingredients. It is also fortified with amino acids, essential fatty acids, vitamins and minerals to meet the nutrient requirements of pigs. A variety of pellet and mash swine feeds are available in the market which are formulated to improve performance goals and herd health. Apart from this, several varieties of swine feed comprise of proteins that are made with all-natural plant sources and natural fungal-based enzymes which aid in the break-down of different components of the feed during digestion. In addition to this, manufacturers are regularly testing new ingredients and feed formulas to produce innovative and efficient swine feed variants. The rising demand for pig meat across the world, currently represents an important factor driving the sales of swine feed.

Global Swine Feed Market Drivers:

The increasing concerns regarding food safety have created a demand for high-quality swine feed to ensure meat safety. Another factor that is stimulating the growth of the swine feed market is the rising awareness about the importance of maintaining a healthy pig diet amongst farm owners. In accordance with this, they are shifting from regular swine feed to functional and premium variants that help in improving the immunity of the animals against enzootic diseases as well as reducing the risk of metabolic disorders, acidosis, injuries and infections. Furthermore, an increase in the demand for organic pig meat from consumers in the developed nations, along with the introduction of new animal rearing practices and maintenance of high farming standards, has created a positive outlook for the global swine feed market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global swine feed market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, feed essence and feed additive type.

Breakup by Product Type:

Grower 
Starter 
Sow
Others 
 

Based on the product type, the market has been segmented into grower, starter, sow and others. The grower segment currently represents the biggest segment.

Breakup by Feed Essence:

Vitamins 
Antioxidants 
Feed Acidifiers 
Feed enzymes 
Amino acids 
Others 
 

Based on the feed essence, the market has been segmented into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids and others.

Breakup by Feed Additive Type:

Zootechnical Feed Additives 
Sensory Feed Additives
Nutritional Feed Additives 
 

Based on the feed additive type, the market has been segmented into zootechnical feed additives, sensory feed additives and nutritional feed additives.

Breakup by Region:

Asia Pacific 
Europe
North America
Middle East and Africa
Latin America
 

On a geographical front, the market has been categorized into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market for swine feed, accounting for the majority of the global share.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Chr Hansen, Royal DSM Holdings Limited, Lallemand Inc., BASF Limited, Novus International Inc., Kent foods, Archer Daniels Midland Company, Cargill Inc., ABF Plc. and Alltech Inc.

Key Questions Answered in This Report:

What was the size of the global swine feed market in 2022?
What are the key factors driving the global swine feed market?
What has been the impact of COVID-19 on the global swine feed market?
What is the breakup of the global swine feed market based on the product type?
What is the breakup of the global swine feed market based on the feed essence?
What is the breakup of the global swine feed market based on the feed additive type?
What are the key regions in the global swine feed market?
Who are the key players/companies in the global swine feed market?