What is Pig Food Market?
Pig eats all kinds of things such as vegetables, fruit and even bugs. Good food is necessary for the pig’s growth, body maintenance and production of meat and milk. Pig food is important to stay healthy and the growth of the pig. There is an increase in the demand for pig’s meat worldwide. This creates opportunities for the pig food industry.
The market study is being classified by Type (Pig Grower, Pig Finisher, Sow Pellets and Piglet Creep Feed) and major geographies with country level break-up.
Chr. Hansen (Denmark), Purina (United States), Lowe's Pellets & Grain Inc. (United States), Lallemand Inc. (Canada), BASF Limited (India), Wenger Feeds (United States), Nutreco (Netherlands), Novus International Inc. (United States), Kent foods (United Kingdom) and Archer Daniels Midland Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Cargill Inc. (United States), ABF Plc. (United Kingdom), Alltech Inc. (United States) and Wen's Group (China).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Pig Food market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pig Food market by Type, Application and Region.
On the basis of geography, the market of Pig Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Healthy and Functional Pig Food
- Raising Awareness about the Health of the Pig
Market Trend
- Demand for Pig Food with Improved Quality
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Increasing Consumption of the Pig’s Meat
- Growing Demand from Developing Countries
Challenges
- Increasing Pig Food Prices Reduces Profitability
On 27th March 2018, BASF, a German chemical company, got EU approval for a pig and poultry feed enzyme. The enzyme can resist pepsin in the animal stomach, adverse pH conditions in the animal gut and high temperatures during the pelleting processes.
Key Target Audience
Pig Food Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user