Selbyville, Delaware, July 03, 2024 (GLOBE NEWSWIRE) -- Swine Feed Market Size is projected to reach over USD 154.3 billion by the end of 2032. The increasing global pork consumption, particularly in developing countries is fueling the demand for high-quality swine feed.
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As per data from the U.S. Department of Agriculture, an average American consumes 51 pounds of pork per year. From the same source, it is estimated that U.S. pork exports are projected to reach 9.34 billion pounds by 2033. Rising advances in feed formulation and nutritional supplements are increasing the development rates and improving health in pigs. The rising awareness of animal health and the benefits of balanced nutrition among swine producers is also driving the product appeal.
The growing concerns over livestock diseases and the strong need for improved biosecurity is favoring the adoption of specialized feed. Innovations in feed additives, such as probiotics and enzyme is improving feed efficiency and productivity. The launch of several government initiatives and subsidies for supporting the livestock sector along with the expansion of commercial swine farming will also positively influence the market progression.
Oats to record substantial revenue share
The oats ingredient segment is anticipated to record significant share of the swine feed market by 2032. This is due to the high nutritional value of oats, including essential amino acids and fiber that help enhance pig health and growth. The palatability and digestibility of oats is making them a preferred ingredient. The surging demand for natural and sustainable feed options is also increasing the popularity of oats. The ability to improve gut health and immune function in swine is also accelerating the product adoption.
Growing demand for mash swine feed
Swine feed market size from the mash form segment is expected to expand at substantial rate between 2024 and 2032, driven by its cost-effectiveness and ease of production. The simple formulation of mash feed allows flexibility in incorporating various ingredients while enhancing the nutritional profile. With its high palatability and digestibility, mashes promote better feed intake and growth in pigs. The increasing focus on improving swine health and productivity, coupled with the convenience of handling, and mixing mash feed on farms will add to the segment expansion.
Europe to depict substantial gains
Europe swine feed market is estimated to experience significant progress between 2024 and 2032, on account of the rising pork consumption and increasing demand for high-quality, nutritious feed. The stringent EU regulations on animal health and feed safety are boosting the adoption of advanced feed formulations. Significant advancements in feed production and the growing focus on enhancing swine growth and health through balanced nutrition are increasing the appeal of swine feed. The influx of government subsidies and support for the livestock sector is also fueling the regional industry expansion.
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Swine Feed Market Participants
Some of the leading firms operating in the swine feed industry include 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.
These industry players are adopting various business expansion tactics, like mergers & acquisitions, and are creating new product lines while relaunching new products to gain market dominance. For instance, in June 2024, KENT Nutrition Group launched Nexgen Advanced swine feeds. This rebranded line, covering all animal development stages, integrates over a decade of performance enhancements, continuous improvements, and recent research.
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Value chain
3.1.2 Key manufacturers
3.1.3 Go to market routes
3.1.4 Key distributors
3.1.4.1 New distribution channels
3.1.5 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing demand for pork products
3.2.1.2 Technological advancements in feed formulation
3.2.1.3 Rising awareness about animal health and welfare
3.2.1.4 Government support and subsidies for livestock farming
3.2.2 Market challenges
3.2.2.1 Fluctuating prices of key feed ingredients
3.2.2.2 Disease outbreaks impacting swine production
3.2.3 Market opportunities
3.2.3.1 New markets/applications
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.1.1 Technology evolution
3.3.1.2 Sustainable manufacturing
3.3.1.2.1 Green practices
3.3.1.2.2 Decarbonization
3.3.2 New raw materials
3.3.3 Raw material pricing trends (USD/Ton)
3.3.3.1 U.S.
3.3.3.2 European Union
3.3.3.3 UK
3.3.3.4 China
3.3.3.5 Southeast Asia
3.3.3.6 GCC
3.4 Regulations & market impact
3.5 Trade statistics
3.6 Unmet needs
3.7 Porter’s analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
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