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Swine Feed Market Size

Report ID: GMI9222
Published Date: Apr 2024
Report Format: PDF

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Swine Feed Market Size

Swine Feed Market size was valued at around USD 103.53 billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 and 2032. With the increasing demand for pork products, particularly in regions like Asia, the swine feed industry continues to expand. The market is characterized by a wide range of feed types tailored to different stages of swine growth, including starter, grower, finisher, and lactation feeds.

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These feeds are formulated to provide essential nutrients such as protein, energy, vitamins, and minerals required for optimal swine health and growth. The market is also influenced by advancements in feed technology, including the incorporation of additives such as enzymes, probiotics, and prebiotics aimed at enhancing feed efficiency and overall swine performance. Additionally, sustainability concerns and regulations regarding feed composition and additives play a significant role in shaping market trends.

Swine Feed Market Report Attributes
Report Attribute	Details
Base Year:	2023
Swine Feed Market Size in 2023:	USD 103.53 billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.5%
2032 Value Projection:	USD 154.38 billion
Historical Data for:	2021 – 2023
No. of Pages:	300
Tables, Charts & Figures:	250
Segments covered:	Ingredients, type, Form
Growth Drivers:	Increasing demand for pork products Technological advancements in feed formulation Rising awareness about animal health and welfare Government support and subsidies for livestock farming
Pitfalls & Challenges:	Fluctuating prices of key feed ingredients Disease outbreaks impacting swine production

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With a rising global population and expanding middle class, particularly in regions like Asia, North America, there is a parallel surge in the consumption of pork. This escalating demand necessitates an efficient and reliable supply of swine, thereby fueling the demand for quality swine feed. Additionally, changing dietary preferences and an increasing awareness of the nutritional benefits of pork further amplify this demand, creating opportunities for feed manufacturers to cater to a growing market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Swine feed market size was USD 103.53 billion in 2023 and is expected to register over 4.5% CAGR from 2024-2032 owing to the increasing demand for pork products, particularly in regions like Asia.

Corn segment recorded USD 40.6 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their high nutritional value and widespread availability.

Asia Pacific swine feed industry reached 35.5 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the growing population coupled with rising disposable incomes in the region.

AB Vista, Alltech Inc., Archer Daniel Midland (ADM) Company, Cargill Inc., Chr Hansen, CPF Worldwide, DLG, ForFarmers UK, Growel Agrovet Private Limited, KENT Feeds, Nutreco, Pancosma, and Purina Mills, are some of the major swine feed companies worldwide.