Swine Feed Market To Reach USD 143.7 Billion By 2027 | CAGR 3.4% – Forencis Research

Swine Feed Market - Global Industry Analysis and Forecast 2020 to 2027

Global Swine Feed Market: Key Highlights

  • According to the new market research report Swine Feed Market by Type (Nursery Feed, Finisher Feed and Breeder Feed), by Form (Pellets, Crumbles, Mash and Others), by Ingredient (Amino Acid, Enzymes, Anti-oxidant, Vitamins, Minerals, Additives, Probiotics and Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global swine feed market is estimated to reach USD 143.7 Billion by 2027 at a CAGR of 3.4% during the review period.
  • Swine feed is referred to as the specialized formulation for fulfilling the nutritional needs of the pigs of different age and gender
  • It includes enzymes, anti-oxidants, amino-acid, vitamins, minerals and other essential elements necessary for growth of the animal

Swine Feed Market Global Swine Feed Market: Key Market Dynamics

  • Increased demand for meat creating more pressure on the meat producers for obtaining more yield is driving the market growth
  • Higher attention towards the piggery industry owing to up rise in the pork demand, further fuels the market growth
  • Fluctuating cost of the raw materials is hampering the market growth
  • Growing demand for swine feed in the emerging as well as developing countries is acting as a growth window for the market growth
  • Risk associated with zootonic diseases along with outbreak of various diseases challenge the market growth

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Global Swine Feed Market: Regional Overview

  • North America

In North America, the swine feed market is expected to show an increase in the years to follow owing to growing meat consumption and increasing export of pork. As per the US Department of Agriculture, the U.S. pork and pork product exports to the world is up by 9% accounting for USD 7.0 billion in 2019 compared to 2018. Potentially thriving demand for Japan, China, and Mexico accounting for 59 % of the entire exports were at USD 1.5 billion, USD 1.3 billion, and USD 1.3 billion, respectively. In addition to this, increasing the export of pork to China from Canada, owing to the promising pork market. As per China pork Council, in 2018, Canada’s pork exports were almost USD 4 billion, wherein USD 514 million was exported to China accounting to the third-largest export market. Due to the higher demand for pork for exporting to other parts of the world, drives the demand for the pig industry. Owing to this, the demand for swine feed is on the rise in the North America region.

  • Europe

Europe is one of the prominent producers of pork and pork products especially countries such as Germany, Spain and France. In 2019, pork production in the European Union reached 24 million tonnes, wherein Germany (5.4 million tons), Spain (4.6 million tons), and France (2.2M tons) accounted for highest production share, accounting for 53% as combined production. In the last decade, Spain, shown rapid upsurge in the pork production whereas others experienced more modest paces of growth. The growing demand for pork across various cuisines drives market growth. In the wake of COVID, the domestic demand for pork in Europe has declined however, the producers may receive a hope owing to growing demand from China.

Global Swine Feed Market: Key Players Overview

  • ADM:

Archer-Daniels-Midland Company, abbreviated as ADM, is the US-based food processing corporation. The company actively engaged in enhancing human life through offering a range of products dedicated to human as well as animal nutrition. ADM was established in 1923 in Delaware offering a wide array of products, ingredients, and solutions. The company operates through Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition and another business segment. For swine feed, ADM offers products including MotiVate Starters, MaxLean Grow/ finish premix, MaxLean Grow/ finish complete feeds and others.

  • Cargill:

Cargill is the US-based food corporation engaged in the in trading, purchasing, manufacturing and distributing agricultural commodities and food ingredients. The company has the employee strength of around 155,000 professionals present across 70 countries. Cargill offers food ingredients, animal nutrition, protein & salt, agriculture supply chain and metals & Shipping. The company offers animal nutrition for swine, beef, aquaculture, dairy, and poultry. The company offers swine feed for the sows, piglets and hogs.

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Rep Id : FnB 049

Published : 2020-09-25

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