Global Swine Feed Market Overview

Swine Feed Market size is projected to reach USD 187.05 Billion by 2032 from an estimated USD 134.88 Billion in 2023, growing at a CAGR of 3.7% globally.

Swine feed, also known as pig feed, is made up of a variety of nutrients derived from both plant and animal sources, with the primary ingredients being soy meal, corn, barley, wheat, sorghum, minerals, vitamins, and antibiotics. In the market, swine feed comes in a variety of forms, including mash, crumbs, and pellets. Swine feed in the form of pellets is the most popular among swine farmers. Furthermore, rising pork meat consumption is pushing swine feed demand in terms of value sales. Increased commercialization of pig feed products, together with growing farmer concern about swine health and growth, is expected to promote the global market's growth. Furthermore, the market is being shaped by the rising demand for high-quality hog meat in both developed and developing nations. Demand for pig meat is predicted to rise as the global population grows and per capita meat consumption rises, boosting the global market growth. In addition, Agro-industry by-products such as pig feedings can improve growth performance, meat quality of piglets and raising pigs, and improve production performance, milk, and quality of sows.

Market Dynamics And Factors For Swine Feed Market

Drivers:

Pork Meat Demand is Growing

Pork is the world's most popular and frequently consumed meat, especially in Europe and Southeast Asia. Pork is less expensive than other meats, which contributes to its widespread consumption. Furthermore, the consumer is captivated by its palatability, fat content, and texture. Pork consumption is being boosted by a big middle-class population, rising disposable income, and shifting consumer preferences. Pork production and consumption are extremely high in established regions like North America and Europe, as well as developing countries like China and Japan. In the first quarter of this year, pork production in the United States increased from 2019 to 2020. Much of this was due to the high harvest levels before COVID shut down the plants. Harvest levels in 2021 were lower than in 2020 under more typical conditions (if such a thing exists), but production was 6.6% higher than in 2019 plentiful production in the first quarter. Exports were 33.3% greater in 2021 than they were in 2019, thanks to ongoing robust exports to China.

Feeding Parameters Are Set By Governments

The global trend of keeping pigs' guts and overall health in check will continue to drive demand for swine feed. The health of humans who eat pork is determined by better swine feed additives. Pigs' guts are kept healthy by healthful and nutritious feed, which indirectly reflects the global pork-eating human population. Governments in several nations, on the other hand, have established standard criteria and conduct frequent checks on the diets fed to pigs.

Restraints:

Shortly, alternative products may pose a greater threat to the swine feed market's growth. Furthermore, the market's expansion may be hampered by significant price volatility connected with raw materials and additives utilized in feed preparations. A considerable increase in the price of corn, for example, can make it unaffordable for small and medium-sized pig farm owners. The increased number of people choosing vegan and vegetarian diets and foregoing meat products is expected to reduce demand for pig meat, negatively impacting the industry.

Opportunities:

Opportunity for Reduced Application of Antibiotics, Including 'RWA' Production

Continued pressure on enterprises to reduce their use of antibiotics is a top priority among the requests for more natural inputs. RWA (Raised Without Antibiotics) production is also becoming more popular. Again, innovations in feed technology can aid in this area. A variety of bio-based feed additive options can aid in the reduction of antibiotics in RWA systems, including benefits that replace or improve productivity. Because they improve performance in a natural method that is acceptable to end customers, these types of choices are increasingly being referred to as 'Natural Growth Promoters' (NGPs). Multi-carbohydrase enzymes, yeast-derived nucleotides, and yeast cell wall carbohydrates are examples of NGPs that promote optimal health, performance, and productivity. "There is a growing consensus that reducing antimicrobial use is crucial for the future," says Dr. Anna Rogiewicz of the University of Manitoba's innovative feed technology research group.

Market Segmentation

Segmentation Analysis of Swine Feed Market:

By type, the grower segment is anticipated to register the maximum swine feed market share over the forecast period. Due to the high consumption of piglets or newborn pigs, grower feed demand is expected to stay strong during the projection period. One of the key reasons for the segment's large market share is the high price of grower feed, which is meant to encourage growth in newborn pigs. Furthermore, a rapid increase in the amount of feed consumed by developing pigs is another major factor expected to boost the segment's growth. Because sow swine require extra nourishment to deliver healthy newborn pigs, demand for high-quality sow feed is predicted to skyrocket. Increased illness incidence in sow pigs is predicted to drive farmers to provide high-quality sow pig feed.

By additive, an amino acid is expected to capture the maximum swine feed market share over the forecast period. The piglet intestinal tract requires nutritional support for its growth and development as well as the function of digestion, absorption, and the mucosal barrier. In recent years, amino acids have been recognized to be important nutrients that promote the intestinal development and health of piglets. To obtain optimal function of the intestine, long villi are needed. Although pigs can synthesize some amino acids on their own, their inability to synthesize some critical amino acids like valine, lysine, Leucine, threonine, and others necessitates the inclusion of these amino acids in their diet. Amino acids are essential for the formation of digestive enzymes, muscle protein growth, and hormone metabolization in pigs. Furthermore, due to increased demand for high-quality pig meat, demand for various other swine feed additives such as acidifiers, enzymes, vitamins, and others is likely to rise in the future years.

By ingredients, cereal is expected to witness a significant swine feed market growth rate over the forecast period. Pigs are monogastric (single stomach) animals with inadequate fiber digestion (only 50% efficiency depending on the kind of fiber and age of pigs). As a result, they are not adapted to consuming pasture alone and require supplemental nutrition. Pigs should be fed a complete (made) diet or a home mixed diet that has been specially developed to match their needs. Cereal grains are a fantastic source of nutrition for pigs, but they work best if they've been cracked, rolled, or soaked. Wheat, barley, and lupins are the most common grains used in Western Australian pig production, but other grains like peas, canola meal and triticale are also utilized. Because the crude protein level of grains varies greatly depending on the season and source, caution should be exercised when selecting low-cost, low-quality components (e.g. weather damaged cereals).

Regional Analysis for Swine Feed Market:

Asia Pacific region is expected to register the maximum market share. Pig meat consumption is expanding significantly in Asian countries such as China, Japan, South Korea, Malaysia, and others, which are the main driver for the region's high swine, feed utilization. China alone is responsible for a significant portion of global pork production and export. High profitability linked with pig production throughout economies, such as cheap farm costs, low labor costs, strong pork production, and a well-developed distribution network, are all important aspects driving the market forward. Furthermore, rising population sizes in some Asian nations, as well as increased urbanization and strong consumer buying power, are expected to support market expansion in the approaching years.

Due to the rising demand for high-quality swine meat and other products across the region, North America is expected to rise significantly in the next years. The presence of prominent market players in the United States, such as Archer Daniels Midland, Kent Nutrition, Cargill Incorporated, and others, is projected to support market growth in the area. Furthermore, significant profits from pork exports are another factor contributing to the potential growth of the quality swine feed business in nations like the United States and Canada.

Due to a significant expansion in pig population across the area, Brazil is expected to hold the largest share of the regional market in South America. In the last decade, the country has become a prominent pork exporter.

Players Covered in Swine Feed Market are:

• Cargill Inc. (U.S)
• ADM (U.S)
• BASF (Germany)
• CHR. Hansen Holdings A/S (Denmark)
• Lallemand Inc. (Canada)
• Novus International Inc.(U.S)
• Royal DSM N.V. (The Netherlands)
• Alltech Inc. (U.S)
• Charoen Popkhand Foods (Thailand)
• Associated British Food Plc. (U.K) and other major players.

Key Industry Developments In Swine Feed Market

• In April 2024, Cargill and Nestlé Purina are working together to implement regenerative agriculture to reduce the carbon footprint of Purina dry pet foods. Nestlé Purina is investing in farmers' adoption of renewable agricultural practices in the company's corn and soy supply chains through a new partnership with Cargill, one of the largest US ingredients and agricultural solutions companies. This work supports soil health and reduces the soil's carbon footprint. Purina Pet Foods across North America, contributing to a more sustainable future for people and their pets.

• In March 2021, De hues Animal Nutrition, a Dutch company that specializes in compound feed, concentrates, and other feed specialties have acquired Golpasz, a Polish company. To provide consumers with personalized solutions, the company plans to integrate its experience with that of Golpasz.
• In September 2020, the International Cooperation for Technical Requirements for Feed Ingredient Assessment endorsed a guidance document on homogeneity testing, which is essential for premarket authorization and approval of feed ingredients (ICCF). Producers can use this document to ensure that the active ingredients in the feed are distributed equally throughout the process and that the desired result is achieved.