Market Research Report
Swine feed are used for the development, maintenance and maturation of swine’s. Moreover, it is also used for production of milk and increasing calories in swine. Swine feed additives are the components that provides a mechanism through which nutrient deficiencies are resolved and directly effect on the growth and health of the animals. Swine feed additives are added to the animal feed to minimize the risk of cattle related infection, improve the quality of product and provide better immune to cattle. Swine feed are served in several forms, including cereals, cakes, meals, vitamins, minerals, and fats and oils.
The global swine feed market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The swine feed market is primarily driven by increasing demand for meat from meat processing industry and rising volumes of pork production. Moreover, rising focus on health & nutrition of animals to prevent disease out brake and rapid industrialization in the meat processing industry are factors that are anticipated to fuel the swine feed market during the projected period. The major factor hindering the growth of the market are the risk associated with the outbreak of pathogenies diseases and fluctuating prices of raw material.
Based on type, the swine feed market is categorized into starter feed, grower feed, sow feed and breeders. As the pig grows and matures, feeds are formulated for herd health, specific customer requirements, and performance and hence the demand for grower feed is highest as compared to others. The breeders feed is formulated to meet the nutritional demand and promote optimal reproductive health.
The report analyses the swine feed market by feed ingredients into wheat, corn, barley, soybean meal, rapeseed meal, sun seed meal and others . The corn segment accounted for the highest market share in 2017. In the future, the production of corn segment is predicted to boost due to increasing demand from the commercial feed manufacturers, low cost and easy availability as compared to other ingredients. The global swine feed market based on additives is bifurcated into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others. Feed additives are food supplements added to the animal feed to ensure that the animals get enough nutrients from regular meals. Hence, increasing demand for swine feed also increases the demand swine feed additives.
By geography, the global swine feed market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America, Asia Pacific and Europe mainly consume pork meat and thus accounted for considerable market share in the global swine feed market. Moreover, Asia Pacific is projected to be the highest growing region during the forecast period, owing to rapid development in beef and meat processing sector in emerging economies including China, India and Japan. Moreover, rising population and increasing demand are the factor leading to the growth of the market in the Asian countries.
Some of the key participants of the global swine feed market are Chr. Hansen Holdings A/S, Lallemand Inc, Novus International, Royal Dsm N.V., BASF SE, Alltech, Archer Daniels Midland Company, Charoen Pokphand Foods PCL, ABF Plc, Cargill Inc, etc. Many new players are entering the global swine feed market. Additionally, the swine feed manufactures are increasingly using modern and sophisticated methods that seek to incorporate best global practices. New product development and product innovation are the strategies used by the market players to reinforce the position in the market.
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