Supply Chain Ecosystem Analysis now part of DBMR Reports
Global Swine Feed Minerals Market By Product (Starter Feed, Grower Feed, Sow Feed, Pig Grower Feed and Others), Additive (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Others), Ingredients (Cereal, Oilseed meal, Oil, Molasses, and Others) – 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Starter Feed, Grower Feed, Sow Feed, Pig Grower Feed and Others), Additive (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Others), Ingredients (Cereal, Oilseed meal, Oil, Molasses, and Others)
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Countries Covered
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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.
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Market Players Covered
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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)
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Opportunities
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Drivers
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.
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.
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
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
On the basis product, the swine feed minerals market is segmented into starter feed, grower feed, sow feed, pig grower feed and others.
Additive
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
Based on ingredients, the swine feed minerals market is segmented into cereal, oilseed meal, oil, molasses, and others.
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.
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:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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