Data Bridge Market Research analyses that the swine feed supplements market will project a compound annual growth rate (CAGR) of 5.60% during the forecast period of 2022-2029. Growing consumption of pork meat especially in the developing economies, increasing focus on the latest trends in the market, growing application of advanced and modern practices to improve the quality of supplements, high growth in emerging countries coupled with high adoption of innovative technologies, and increasing industry competitiveness are the major factors attributable to the growth of swine feed supplements market. Therefore, the market value, which was USD 2.10 billion in 2020, would rocket up to USD 3.42 billion by 2029.
Also known as pork feed, swine feed is increasingly being used to manufacture supplements using a combination of ingredients such as soy meal, corn, sorghum, minerals and other macronutrients and micronutrients. Swine feed supplements are consumed to achieve the health and performance goals.
Growing awareness about the nutritional benefits of pork meat, rising inclination of the society towards the consumption of high protein products, and increasing livestock population especially in the developing economies will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding food safety, growing rate of industrialization and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. Growing shift from regular swine feed to functional and premium variants will further create lucrative and remunerative growth opportunities for the market.
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However, lack of knowledge and awareness in the backward economies is a major factor that will pose a major challenge to the growth of the market. Also, dearth of required infrastructural facilities, stringent regulations imposed by the government and lack of technical skills especially in the underdeveloped economies will further slowdown the market growth rate. Fluctuations in the prices of raw materials and outbreak of coronavirus would also hamper the market growth rate.
This swine feed supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on swine feed supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Swine Feed Supplements Market Scope and Market Size
The global swine feed supplements market is segmented on the basis of nature, form, ingredients, application, product and supplements. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the swine feed supplements market is segmented into conventional and organic.
- On the basis of form, the swine feed supplements market is segmented into pellets, crumbles and mash.
- On the basis of ingredients, the swine feed supplements market is segmented into cereals, cereals by products, oil seed meal, oils, molasses, and others.
- On the basis of application, the swine feed supplements market is segmented into foliar spray, soil treatment, seed treatment and other.
- On the basis of product, the swine feed supplements market is segmented into starter feed, grower feed, sow feed, pig grower feed and others.
- On the basis of supplements, the swine feed supplements market is segmented into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, acidifiers and others.
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Competitive Landscape and Swine Feed Supplements Market Share Analysis
The global swine feed supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to swine feed supplements market.
Some of the major players operating in the swine feed supplements market are Chr. Hansen Holding A/S, DSM, Lallemand Inc., BASF SE, NOVUS INTERNATIONAL., Kent Foods, ADM, Cargill, Incorporated., Associated British Foods plc., Alltech., Charoen Pokphand Group, Land O'Lakes, Inc., ForFarmers, Kyodo Shiryo Co Ltd, "Sodrugestvo" Group of Companies, Hueber Feed, LLC., Ballance Agri-Nutrients Ltd., J. D. HEISKELL CO., Nutreco and Keystone Mills among others.
Swine Feed Supplements Market Country Level Analysis
The global swine feed supplements market is analyses and market size, volume information is provided by country by nature, form, ingredients, application, product and supplements as referenced above.
The countries covered in the swine feed supplements market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the swine feed supplements market and will continue to flourish its dominance during the forecast period owing to the rising research and development proficiencies, increasing meat consumption and rising meat production in countries such as China, Vietnam, South Korea, India and Thailand and growing personal disposable income are some other important factors fostering the growth of this region.
The country section of the swine feed supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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