Swine Feed Market Forecasts to 2028 – Global Analysis By Type (Sow Feed, Starter Feed and Other Types), Form (Crumbles, Pellets, Mash and Other Forms), Supplements Type (Antibiotics, Vitamins and Other Supplements Types), Ingredient (Oils and Supplements

Swine Feed Market Forecasts to 2028 – Global Analysis By Type (Sow Feed, Starter Feed and Other Types), Form (Crumbles, Pellets, Mash and Other Forms), Supplements Type (Antibiotics, Vitamins and Other Supplements Types), Ingredient (Oils and Supplements and Other Ingredients), Nature (Organic and Conventional), Additives Type, End User and By Geography

According to Stratistics MRC, the Global Swine Feed Market is accounted for $136.30 billion in 2022 and is expected to reach $183.28 billion by 2028 growing at a CAGR of 5.06% during the forecast period. Natural elements derived from corn, soybeans and wheat are used to make swine feed. To suit the nutrient needs of pigs, it is additionally enriched with amino acids, vital fatty acids, vitamins, and minerals. There are several different pellet and mash swine diets on the market that are formulated to enhance performance objectives and herd health. In addition, certain types of swine feed contain naturally occurring fungal-based enzymes that help break down the feed's various components during digestion as well as proteins derived from all-natural plant sources.

According to Food and Agriculture Organization, the production quantity of pig meat rose sharply from 119 million metric ton in 2017 to 120 million metric ton in 2018, while the number of pigs slaughtered also rise from 1,486.6 million to 1,489.1 million heads, to meet the rising demand for swine meat. According to Food and Agriculture Organization, the swine population was 968.04 million in 2017, and it increased to 978.33 million in 2018.

Market Dynamics:

Driver:

Rising demand for well-bred pork meat

The increased production of pigs is anticipated to increase the demand for animal protein, particularly in the form of meat, which is further anticipated to accelerate the expansion of the swine feed industry. Pork is quite well-liked by the inhabitants of the various economies due to its reasonable pricing structure. Additionally, the high consumer favourability of pork products like bacon, gammon and others due to their flavour and texture will increase the demand for feed. In the approaching years, it is anticipated that established pork markets in western economies and rising trade in live pigs and pork across a number of worldwide economies will further fuel market expansion.

Restraint:

Price volatility of raw materials

The market's expansion may be hampered by the high price volatility of the raw materials and additives used in the manufacturing of feed. For instance, a considerable increase in maize prices may adversely affect the owners of small and medium-sized pig farms' capacity to pay it. The demand for pig meat is expected to be hampered by the increased number of people choosing vegan and vegetarian diets and giving up animal products, which would further negatively impact the industry.

Opportunity:

Increasing demand for organic feed

The production, processing, and preservation procedures for organic pig feed aim to use as few chemical or artificial additives and preservatives as possible. Because it is made from ingredients like wheat and grains that are grown organically, businesses in this sector constantly promote organic swine feed to consumers. This is due to the fact that they are constructed of biological elements. Due to growing public health concerns and consumer awareness of the health advantages of eating organic pork, there is also likely to be an increase in the demand for organic swine feed.

Threat:

Growing veganism trend

The adoption of plant-based diets and the rise in popularity of veganism are developments that are predicted to damage pig consumption in the future and reduce swine feed sales. It is also projected that the recent outbreak of various swine illnesses, including swine flu and African Swine Fever (ASF), will negatively affect product standards and overall swine feed demand during the course of the forecast period.

Covid-19 Impact

Nearly every industry is being impacted by the current global COVID-19 outbreak, and it is unclear whether this will have long- or short-term effects on the animal feed sector. The entire COVID-19 scenario has forced numerous companies to temporarily close their doors or only operate part-time, and the animal feed sector is no exception. Meat production and supply have decreased as a result of false information and suppositions regarding meat consumption, which has also led to a decrease in meat consumption. The situation's vagueness makes it difficult to forecast the market statistics for feed in the coming years, but significant swings are anticipated to happen in the numbers.

The grower feed segment is expected to be the largest during the forecast period

The grower feed segment is estimated to have a lucrative growth, due to the high consumption of piglets or newborn pigs. The high cost of grower feed, which is intended to promote growth in young pigs, is one of the main factors contributing to the segment's significant market share. Another significant factor anticipated to spur the segment's growth is a sharp rise in the amount of feed required by growing pigs.

The cereals segment is expected to have the highest CAGR during the forecast period

The cereals segment is anticipated to witness the fastest CAGR growth during the forecast period. Pigs are monogastric animals with poor fibre digestion (with an efficiency range of only 50% to 80% depending on the kind of fibre and age of the pigs). IGS should be fed either a home-mixed food that has been particularly formulated to meet their demands or a complete meal. Because of this, they can't survive on pasture alone and need additional food.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Asian nations including China, Japan, South Korea, Malaysia, and others are consuming more pig meat than ever before, which is the main reason for the high swine feed utilisation in the region. Strong pork output, low labour costs, low farm costs, and a well-established distribution network are all key factors driving the industry ahead. Pig production is very profitable in all economies.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increased disposable income, a rise in the demand for pork, and efficient marketing tactics used by manufacturers all contribute to the need for swine feed. The demand for organic swine feed has also grown, which can be ascribed to a rise in public knowledge of the advantages of using organic swine feed for the healthy development of pigs.

Key players in the market

Some of the key players profiled in the Swine Feed Market include ADM Animal Nutrition, Novus International, DSM Animal Nutrition, Cargill Incorporated, Kent Nutrition Group, Lallemand Inc., BASF SE, Archer Daniels Midland, Nutreco NV, Alltech Inc., Chr Hansen Holding A/S, Land O’Lakes Inc, and De Heus.

Key Developments:

In January, 2023, Cargill expanded their partnership with BASF in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements. This partnership helped develop, produce, market, and sell customer-centric enzyme products and solutions for animals, including swine.

In May, 2022, ADM Company acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation. The acquisition helps in providing a wide range of products to meet Asia's demand in the animal nutrition market.

In July, 2021, De Heus acquired a feed manufacturing company Coppens Diervoeding, a Netherland-based company specializing in the pig farming sector. This acquisition helped the company to increase its production capacity by 400k and strengthen its regional presence.

Types Covered:
• Sow Feed
• Starter Feed
• Grower Feed
• Other Types

Forms Covered:
• Crumbles
• Pellets
• Mash
• Other Forms

Supplements Types Covered:
• Antibiotics
• Vitamins
• Enzymes
• Amino Acids
• Antioxidants
• Acidifiers
• Other Supplements Types

Ingredients Covered:
• Oils
• Supplements
• Cereals
• Molasses
• Oilseed Meal
• Other Ingredients

Nature Covered:
• Organic
• Conventional

Additives Types Covered:
• Zoo Technical Feed Additives
• Nutritional
• Sensory
• Other Additives Types

End Users Covered:
• Home-mixers
• Compound Feed Manufacturers
• Integrators
• Farmers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements