Global Swine Feed Minerals Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Swine livestock production has increased in several countries worldwide to meet the needs of changing population diet patterns, particularly in developing markets. The livestock sector in the global market, particularly in Asia-Pacific, is becoming increasingly industrial, even though many farmers in countries such as India and China remain small and marginal.

Data Bridge Market Research analyses that the swine feed minerals market which was growing at a value of 126.2 billion in 2021 and is expected to reach the value of USD 216.84 billion by 2029, at a CAGR of 7.00% during the forecast period of 2022 to 2029.  

Market Definition

Swine feed minerals are natural or synthetic ingredients that are added to feed to improve performance. The primary goal of these is to keep the feed's components intact and prevent decomposition. They improve animal health by reducing livestock diseases and improving feed stability and quality.

Report Scope and Market Segmentation

Swine Feed Minerals Market Dynamics

Drivers

• Growing focus on the animal health

Increased emphasis on animal health will also drive market growth. Increased cattle farming is likely to result in increased demand for animal feed. Humans increasing demand for animal-based products will drive up market demand. Proponents of natural growth are expected to be active in the market as their momentum grows. Rising consumer awareness of the benefits of using feed additives to reduce disease has drive the market's growth.

• Increase in the demand for organic meat

Food safety concerns have increased the demand for high-quality swine feed to ensure meat safety. Another factor driving the growth of the swine feed market is the growing awareness among farm owners of the importance of maintaining a healthy pig diet. As a result, they are transitioning from standard swine feed to functional and premium variants that help improve the animal's immunity against enzootic diseases while lowering the risk of metabolic disorders, acidosis, injuries, and infections.

Furthermore, an increase in demand for organic pig meat from developed-country consumers and the implementation of new animal rearing practices and the maintenance of high farming standards have created a positive outlook for the industry.

Opportunity

Increasing pork consumption in developing economies such as China, India, and Brazil is expected to drive global demand for the product. North America is a significant pork exporting region and is expected to drive product demand over the forecast period.

Restraints

High raw material prices and an increasing number of restrictions and regulatory bans will act as market restraints for the growth of swine feed minerals during the forecast period. Less product awareness will restrain further challenging the development of the swine feed minerals market during the forecast period.

This swine feed minerals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the swine feed minerals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Swine Feed Minerals Market

Agriculture and food production have been identified as critical sectors globally during the COVID-19 situation. As a result, farmers have continued to ensure that farm animals receive high-quality nutrition to feed an increasing number of global consumers. However, the supply chain disruption has become the most significant factor affecting the swine feed market. China is a significant producer and exporter of swine feed, and it stockpiled substantial amounts of a product during the emergence of the COVID-19 situation. At the same time, businesses were closed for the Lunar New Year, which was enough for 2-3 months supply. Furthermore, logistics issues have hampered the collection of containers and vessels and the transport of certain micro-ingredients.

Recent Development

• Cargill and BASF partnered in the animal nutrition business in October 2021, adding research and development skills and new markets to the partners existing feed enzymes distribution agreements. This collaboration aided in developing, producing, marketing, and selling customer-focused enzyme products and solutions for animals, including swine.
• De Heus acquired Coppens Diervoeding, a feed manufacturing company based in the Netherlands that specializes in the pig farming sector, in July 2021. This acquisition enabled the company to double its production capacity and strengthen its regional presence by 400k.
• ADM opened a new livestock feed plant in Ha Nam province, Vietnam, in November 2019. The new facility adds to ADM's growing list of investments in Vietnam, becoming the company's fifth plant dedicated to animal nutrition in the country. The plant is

Global Swine Feed Minerals Market Scope

The swine feed minerals market is segmented on the basis of product, additive and ingredients. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Starter feed \grower feed
• Sow feed
• Pig grower feed
• Others

On the basis product, the swine feed minerals market is segmented into starter feed, grower feed, sow feed, pig grower feed and others.

Additive

• Antibiotics
• Vitamins
• Antioxidants
• Amino acids
• Feed enzymes
• Feed acidifiers
• Others

On the basis of additive, the swine feed minerals market is segmented into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others.

Ingredients

• Cereal
• Oilseed meal
• Oil
• Molasses
• Others

Based on ingredients, the swine feed minerals market is segmented into cereal, oilseed meal, oil, molasses, and others.

Swine Feed minerals Market Regional Analysis/Insights

The swine feed minerals market is analysed and market size insights and trends are provided by country, product, additive and ingredients as referenced above.

The countries covered in the swine feed minerals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia is the most dominating pork consumption and production market, accounting for roughly half of global output. The Asia-Pacific region is the largest market for swine feed products. South-East Asia is the world's largest pork producer and exporter, followed by Europe and North America. Since ancient times, pork meat has been consumed in the region and is the most popular meat due to its high-fat content and flavor. China is the largest pork producer's market, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Japan, South Korea, and Taiwan are saturated pork consumption markets, while Vietnam and the Philippines are emerging markets.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Swine Feed Minerals Market Share Analysis

The swine feed minerals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to swine feed minerals market.

Some of the major players operating in the swine feed minerals market are:

• CHR. Hansen Holdings A/S (Denmark)
• Lallemand Inc. (Canada)
• Novus International (U.S)
• DSM (Netherlands)
• BASF SE (Germany)
• Alltech (U.S)
• ADM (U.S)
• Charoen Popkhand Foods PCL (Thailand)
• Associated British Foods plc (U.K.)
• Cargill Incorporated (U.S)
• Kent Corporation (U.S)
• Keystone Mills (U.S)
• Kreamer Feed (U.S)

SKU-56500