The global swine feed market size was valued at $100.2 billion in 2019, and is projected to reach $121.2 billion by 2027, registering a CAGR of 3.5% from 2021 to 2027.
Swine feed also known as pig feed is prepared from a combination of nutrients, either from plant or animal sources, mainly includes soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics. The swine feed is available in different formats in the market, which includes mash, crumbs, and pellets. Swine feed in the pellets form is the most popular form among the swine farm owners. Furthermore, rise in consumption of pork meat is driving the demand for swine feed in terms of value sales. This is because swine feed provides nutrients to pigs. This in turn has driven the swine feed market growth in terms of value sales. The swine feed market analysis is done on the basis of regions, key players, and segments.
The outbreak of coronavirus has reduced the demand for pork in commercial establishments, and as a result, the consumption of pork meat through these establishments has been impacted negatively. This in turn has negatively impacted the demand for swine feed in terms of value sales. Thus, hampering the growth of the market in terms of value sales.
The global swine feed market is segmented on the basis of product type, form, nature, and region. By product type, the market is classified into starter, grower, and finisher. By form, it is divided into pellets, mash, and crumbs. By nature, it is segmented into conventional and organic. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and Rest of LAMEA).
On the basis of product type, the grower segment accounted for the highest market share in 2019. Starter or creep feed is important for the future development of pigs of all sizes. Creep feeding or starter is essential for sucking piglets for faster growth and attainment of satisfactory weaning weight. It eases the transition from sow's milk to solid pig starter feed and promotes gut and digestive enzyme development, which enables the piglet to digest nutrients from food sources other than milk. Thus, the forementioned benefits associated with the starter or creep feed have increased the demand among the farm owners to produce good quality pigs.
By Product Type
The Grower segment dominates the global swine feed market and is expected to retain its dominance throughout the forecast period.
By form, the pellets segment accounted for the highest swine feed market share in 2019. Pellets are the most common small cylinder shape swine feed available in the market. Swine feed in pellets form is becoming popular among the pig owners as they are convenient, easy to handle, & feed.
By Form
The Pellets segment dominates the global swine feed market and is expected to retain its dominance throughout the forecast period.
By nature, the conventional segment accounted for the highest share in the global swine feed market. Conventional swine feed is made from ingredients such as corn, soya, and others that are grown by utilizing chemical, pesticides, and fertilizers. The easy availability of these feeds at affordable prices in the market has driven the growth of the conventional swine feed market in terms of value sales. However, organic segment is expected to be the fastest growing segment in terms of during the swine feed market forecast year.
By Nature
The Conventional segment dominates the global swine feed market and is expected to retain its dominance throughout the forecast period.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia -Pacific accounted for the highest market share in 2019. This is attributed to the growing hectic lifestyles of consumers in this region due to which they are inclining toward convenience and ready to eat food products that can be consumed directly or requires less preparation time.
By Region
The Asia -Pacific segment dominates the global swine feed market and is expected to retain its dominance throughout the forecast period.
The key players operating in the global swine feed industry focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global swine feed market analyzed in this report include Purina Mills LLC, Archer Daniel Midland Company, Cargill Inc., BASF SE, Lallemand Inc., Kent Corporation, Charoen Pokphand Foods, Keystone Mills, Kreamer Feed Inc., and Alltech.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current swine feed market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.
- The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assists in determining the prevailing swine feed market opportunities.
- Major countries in each region have been mapped according to their revenue contribution to the global industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
Swine Feed Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Form |
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 By Nature |
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 By Region |
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 Key Market Players | LALLEMAND, INC., KEYSTONE MILLS., ALLTECH., ARCHER DANIEL MIDLAND COMPANY, BASF SE., KENT CORPORATION., CHAROEN POKPHAND FOODS., PURINA MILLS, LLC., KREAMER FEED INC., CARGILL, INC. |
Analyst Review
According to some key swine feed manufacturers, rise in trend using organic swine feed for pigs has fueled the demand for swine feed across the globe. Moreover, key manufacturers are providing swine feed in different format, including mash, pellets, and crumbs, which are easily available in the market.
The key players operating in the global swine feed market have adopted developmental strategies such as product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation to formulate products and gain a competitive edge in the global market and to boost the demand for swine feed.
According to the key market players, increasing consumer demand for pork meat across the globe boosts the growth of the swine feed market. Thus, the key players are focused on investing in R&D activities to launch improved products for customers and maintain their position in the market.
The global swine feed is projected to register a CAGR of 3.5% from 2021 to 2027.
The global swine feed is projected to reach $121.2 billion by 2027.
Rising consumption of pork meat globally and the focus of key manufacturers on introducing new or modified swine feed in the market are the top impacting factors of swine feed market growth.
The leading players in Swine Feed market includes Purina Mills LLC, Archer Daniel Midland Company, Cargill Inc., BASF SE, Lallemand Inc., Kent Corporation, Charoen Pokphand Foods, Keystone Mills, Kreamer Feed Inc., and Alltech.
The global swine feed market is segmented into product type, form, nature, and region.
Product launch, acquisition and partnership are the key growth strategies of the swine feed market players.
By product type, starter segment is anticipated to exhibit highest CAGR from 2021-2027.
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