Swine Feed Market Forecasts to 2028 - Global Analysis By Type (Sow Feed, Starter Feed and Other Types), Form (Crumbles, Pellets, Mash and Other Forms), Supplements Type (Antibiotics, Vitamins and Other Supplements Types), Ingredient (Oils and Supplements and Other Ingredients), Nature (Organic and Conventional), Additives Type, End User and By Geography
Estimated Year Value (2022)
US $136.30 BN
Projected Year Value (2028)
US $183.28 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Swine Feed Market is accounted for $136.30 billion in 2022 and is expected to reach $183.28 billion by 2028 growing at a CAGR of 5.06% during the forecast period. Natural elements derived from corn, soybeans and wheat are used to make swine feed. To suit the nutrient needs of pigs, it is additionally enriched with amino acids, vital fatty acids, vitamins, and minerals. There are several different pellet and mash swine diets on the market that are formulated to enhance performance objectives and herd health. In addition, certain types of swine feed contain naturally occurring fungal-based enzymes that help break down the feed's various components during digestion as well as proteins derived from all-natural plant sources.
According to Food and Agriculture Organization, the production quantity of pig meat rose sharply from 119 million metric ton in 2017 to 120 million metric ton in 2018, while the number of pigs slaughtered also rise from 1,486.6 million to 1,489.1 million heads, to meet the rising demand for swine meat. According to Food and Agriculture Organization, the swine population was 968.04 million in 2017, and it increased to 978.33 million in 2018.
Rising demand for well-bred pork meat
The increased production of pigs is anticipated to increase the demand for animal protein, particularly in the form of meat, which is further anticipated to accelerate the expansion of the swine feed industry. Pork is quite well-liked by the inhabitants of the various economies due to its reasonable pricing structure. Additionally, the high consumer favourability of pork products like bacon, gammon and others due to their flavour and texture will increase the demand for feed. In the approaching years, it is anticipated that established pork markets in western economies and rising trade in live pigs and pork across a number of worldwide economies will further fuel market expansion.
Price volatility of raw materials
The market's expansion may be hampered by the high price volatility of the raw materials and additives used in the manufacturing of feed. For instance, a considerable increase in maize prices may adversely affect the owners of small and medium-sized pig farms' capacity to pay it. The demand for pig meat is expected to be hampered by the increased number of people choosing vegan and vegetarian diets and giving up animal products, which would further negatively impact the industry.
Increasing demand for organic feed
The production, processing, and preservation procedures for organic pig feed aim to use as few chemical or artificial additives and preservatives as possible. Because it is made from ingredients like wheat and grains that are grown organically, businesses in this sector constantly promote organic swine feed to consumers. This is due to the fact that they are constructed of biological elements. Due to growing public health concerns and consumer awareness of the health advantages of eating organic pork, there is also likely to be an increase in the demand for organic swine feed.
Growing veganism trend
The adoption of plant-based diets and the rise in popularity of veganism are developments that are predicted to damage pig consumption in the future and reduce swine feed sales. It is also projected that the recent outbreak of various swine illnesses, including swine flu and African Swine Fever (ASF), will negatively affect product standards and overall swine feed demand during the course of the forecast period.
Nearly every industry is being impacted by the current global COVID-19 outbreak, and it is unclear whether this will have long- or short-term effects on the animal feed sector. The entire COVID-19 scenario has forced numerous companies to temporarily close their doors or only operate part-time, and the animal feed sector is no exception. Meat production and supply have decreased as a result of false information and suppositions regarding meat consumption, which has also led to a decrease in meat consumption. The situation's vagueness makes it difficult to forecast the market statistics for feed in the coming years, but significant swings are anticipated to happen in the numbers.
The grower feed segment is expected to be the largest during the forecast period
The grower feed segment is estimated to have a lucrative growth, due to the high consumption of piglets or newborn pigs. The high cost of grower feed, which is intended to promote growth in young pigs, is one of the main factors contributing to the segment's significant market share. Another significant factor anticipated to spur the segment's growth is a sharp rise in the amount of feed required by growing pigs.
The cereals segment is expected to have the highest CAGR during the forecast period
The cereals segment is anticipated to witness the fastest CAGR growth during the forecast period. Pigs are monogastric animals with poor fibre digestion (with an efficiency range of only 50% to 80% depending on the kind of fibre and age of the pigs). IGS should be fed either a home-mixed food that has been particularly formulated to meet their demands or a complete meal. Because of this, they can't survive on pasture alone and need additional food.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Asian nations including China, Japan, South Korea, Malaysia, and others are consuming more pig meat than ever before, which is the main reason for the high swine feed utilisation in the region. Strong pork output, low labour costs, low farm costs, and a well-established distribution network are all key factors driving the industry ahead. Pig production is very profitable in all economies.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to increased disposable income, a rise in the demand for pork, and efficient marketing tactics used by manufacturers all contribute to the need for swine feed. The demand for organic swine feed has also grown, which can be ascribed to a rise in public knowledge of the advantages of using organic swine feed for the healthy development of pigs.
Key players in the market
Some of the key players profiled in the Swine Feed Market include ADM Animal Nutrition, Novus International, DSM Animal Nutrition, Cargill Incorporated, Kent Nutrition Group, Lallemand Inc., BASF SE, Archer Daniels Midland, Nutreco NV, Alltech Inc., Chr Hansen Holding A/S, Land O’Lakes Inc, and De Heus.
In January 2023, Cargill expanded their partnership with BASF in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements. This partnership helped develop, produce, market, and sell customer-centric enzyme products and solutions for animals, including swine.
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 July 2021, De Heus acquired a feed manufacturing company Coppens Diervoeding, a Netherland-based company specializing in the pig farming sector. This acquisition helped the company to increase its production capacity by 400k and strengthen its regional presence.
• Sow Feed
• Starter Feed
• Grower Feed
• Other Types
• Other Forms
Supplements Types Covered:
• Amino Acids
• Other Supplements Types
• Oilseed Meal
• Other Ingredients
Additives Types Covered:
• Zoo Technical Feed Additives
• Other Additives Types
End Users Covered:
• Compound Feed Manufacturers
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Swine Feed Market, By Type
5.2 Sow Feed
5.3 Starter Feed
5.4 Grower Feed
5.5 Other Types
6 Global Swine Feed Market, By Form
6.5 Other Forms
7 Global Swine Feed Market, By Supplements Type
7.5 Amino Acids
7.8 Other Supplements Types
8 Global Swine Feed Market, By Ingredient
8.6 Oilseed Meal
8.7 Other Ingredients
9 Global Swine Feed Market, By Nature
10 Global Swine Feed Market, By Additives Type
10.2 Zoo Technical Feed Additives
10.5 Other Additives Types
11 Global Swine Feed Market, By End User
11.3 Compound Feed Manufacturers
11.6 Other End Users
12 Global Swine Feed Market, By Geography
12.2 North America
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.5 Other Key Strategies
14 Company Profiling
14.1 ADM Animal Nutrition
14.2 Novus International
14.3 DSM Animal Nutrition
14.4 Cargill Incorporated
14.5 Kent Nutrition Group
14.6 Lallemand Inc.
14.7 BASF SE
14.8 Archer Daniels Midland
14.9 Nutreco NV
14.10 Alltech Inc.
14.11 Chr Hansen Holding A/S
14.12 Land O’Lakes Inc.
14.13 De Heus
List of Tables
1 Global Swine Feed Market Outlook, By Region (2020-2028) ($MN)
2 Global Swine Feed Market Outlook, By Type (2020-2028) ($MN)
3 Global Swine Feed Market Outlook, By Sow Feed (2020-2028) ($MN)
4 Global Swine Feed Market Outlook, By Starter Feed (2020-2028) ($MN)
5 Global Swine Feed Market Outlook, By Grower Feed (2020-2028) ($MN)
6 Global Swine Feed Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Swine Feed Market Outlook, By Form (2020-2028) ($MN)
8 Global Swine Feed Market Outlook, By Crumbles (2020-2028) ($MN)
9 Global Swine Feed Market Outlook, By Pellets (2020-2028) ($MN)
10 Global Swine Feed Market Outlook, By Mash (2020-2028) ($MN)
11 Global Swine Feed Market Outlook, By Other Forms (2020-2028) ($MN)
12 Global Swine Feed Market Outlook, By Supplements Type (2020-2028) ($MN)
13 Global Swine Feed Market Outlook, By Antibiotics (2020-2028) ($MN)
14 Global Swine Feed Market Outlook, By Vitamins (2020-2028) ($MN)
15 Global Swine Feed Market Outlook, By Enzymes (2020-2028) ($MN)
16 Global Swine Feed Market Outlook, By Amino Acids (2020-2028) ($MN)
17 Global Swine Feed Market Outlook, By Antioxidants (2020-2028) ($MN)
18 Global Swine Feed Market Outlook, By Acidifiers (2020-2028) ($MN)
19 Global Swine Feed Market Outlook, By Other Supplements Types (2020-2028) ($MN)
20 Global Swine Feed Market Outlook, By Ingredient (2020-2028) ($MN)
21 Global Swine Feed Market Outlook, By Oils (2020-2028) ($MN)
22 Global Swine Feed Market Outlook, By Supplements (2020-2028) ($MN)
23 Global Swine Feed Market Outlook, By Cereals (2020-2028) ($MN)
24 Global Swine Feed Market Outlook, By Molasses (2020-2028) ($MN)
25 Global Swine Feed Market Outlook, By Oilseed Meal (2020-2028) ($MN)
26 Global Swine Feed Market Outlook, By Other Ingredients (2020-2028) ($MN)
27 Global Swine Feed Market Outlook, By Nature (2020-2028) ($MN)
28 Global Swine Feed Market Outlook, By Organic (2020-2028) ($MN)
29 Global Swine Feed Market Outlook, By Conventional (2020-2028) ($MN)
30 Global Swine Feed Market Outlook, By Additives Type (2020-2028) ($MN)
31 Global Swine Feed Market Outlook, By Zoo Technical Feed Additives (2020-2028) ($MN)
32 Global Swine Feed Market Outlook, By Nutritional (2020-2028) ($MN)
33 Global Swine Feed Market Outlook, By Sensory (2020-2028) ($MN)
34 Global Swine Feed Market Outlook, By Other Additives Types (2020-2028) ($MN)
35 Global Swine Feed Market Outlook, By End User (2020-2028) ($MN)
36 Global Swine Feed Market Outlook, By Home-mixers (2020-2028) ($MN)
37 Global Swine Feed Market Outlook, By Compound Feed Manufacturers (2020-2028) ($MN)
38 Global Swine Feed Market Outlook, By Integrators (2020-2028) ($MN)
39 Global Swine Feed Market Outlook, By Farmers (2020-2028) ($MN)
40 Global Swine Feed Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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