About Swine Feed
Swine feed is a food given to pigs for their overall growth. It contains a good mixture of food containing fiber, protein, vitamins and minerals. Rice bran, broken rice, maize, soya-beans, cassava, vegetables and distiller’s residues are generally used in the swine feed. It is necessary for growth, body maintenance and the production of meat and milk.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.5% |
Competition among existing players is due to the Swine Feed market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Swine Feed Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Swine Feed market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lallemand Inc. (Canada), BASF Limited (Germany), Novus International Inc. (United States), Cargill Inc. (United States), DSM (Netherlands), ABF Plc (United Kingdom), Archer Daniels Midland Company (United States), Chr Hansen (Denmark), Alltech Inc. (United States) and Kent Foods ltd (Scotland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Swine Feed market by Type (Starter Feed, Grower Feed, Sow Feed and Others) and Region.
On the basis of geography, the market of Swine Feed 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). If we see Market by Forms, the sub-segment i.e. Pellets will boost the Swine Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Additives, the sub-segment i.e. Antibiotics will boost the Swine Feed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Packaged Pork
Market Growth Drivers:
Increasing Demand for Pig Meat (Pork) and Rising Awareness among the People about Swine Health
Challenges:
Viral Diseases Affecting the Swine
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand of Pork from Developing Regions and Growth in the Packaged Food Industry
Market Leaders and their expansionary development strategies
In May 2022, ADM company acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation. The acquisition helps in providing a wide range of products to meet Asia's demand in the animal nutrition market.
In November 2022, ADM , a global leader in human and animal nutrition, announced the launch of two products under its SUCRAM range, an in-feed sweetening solution for livestock species. Developed by ADM’s global feed additives business, Pancosma, SUCRAM M’I Sweet and SUCRAM Specifeek are sweeteners designed to improve the palatability of feed for young animals – particularly weanling pigs. Palatants and sweeteners are useful nutrition solutions to improve feed intake and enhance efficiencies for producers while also supporting animal health and well-being
Key Target Audience
Swine Feed Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.