Home > Animal Health & Nutrition > Feed Additives > Swine Feed Market

Swine Feed Market Trends

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

Download Free Sample

Swine Feed Market Trends

One significant trend is the increasing adoption of specialized feed formulations tailored to the nutritional needs of pigs at different stages of growth. This trend is fueled by a growing understanding of the importance of balanced diets in maximizing swine health, productivity, and overall performance. Moreover, there is a rising preference for feed additives such as enzymes, probiotics, and prebiotics aimed at enhancing digestive health, immunity, and feed efficiency in swine production systems.

Another prominent trend is the shift towards sustainable and eco-friendly feed ingredients, driven by consumer demand for ethically sourced and environmentally responsible products. This has led to the incorporation of alternative protein sources such as soybean meal, distillers dried grains with solubles (DDGS), and insect meal into swine feed formulations, reducing reliance on conventional feed ingredients like soybean and fishmeal.

Furthermore, advancements in feed processing technologies are enabling feed manufacturers to produce high-quality pellets and extruded feeds with improved nutrient digestibility and reduced feed wastage, thereby enhancing feed efficiency and profitability for swine producers. Overall, these trends indicate a dynamic and evolving landscape in the market, characterized by a focus on nutrition, sustainability, and technological innovation to meet the growing demands of the global swine industry.

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.