Global Swine Feed Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Swine Feed MarketGlobal Swine Feed Market Dynamics:
The Feed additives are playing a vital role in enhancement nutrition for the animal. The Swine feed is a specially formulated diet for the pigs. Animal-based foods are considered complete and high-quality sources of dietary proteins. Swine production is becoming one of the key businesses by farmers, which is expected to increase the production of the livestock subsector. The rapidly increasing demand for livestock products at the global level is expected to boost market growth. The demand for the incorporation of various additives like antibiotics, vitamins, and antioxidants is expected to propel the swine feed market growth. Furthermore, the increasing demand for product quality and food safety among urban consumers, and the increasing competition from imports are some of the key challenges for swine feed market key players. On the other hand, the introduction of the diseases like porcine epidemic diarrhea and highly pathogenic porcine reproductive and respiratory syndrome is expected to limit the growth of the swine.
Global Swine Feed Market Segment Analysis:
The Pellet segment is expected to grow at XX% of CAGR during the forecast period. The growth in the market is attributed to the factors like excellent palatability, enhancement in feed efficiency, and increased swine growth performance. Swine farmers are more inclined to adopt the pellets food because of their convenient feeding applications and contribution to average daily gain. Additives are playing an important role in enhancing nourishment.
The Vitamin segment is expected to grow at an XX% rate of CAGR during the forecast period. They are naturally existing in the feed ingredients. Key manufacturers are also focusing to add some additional vitamin supplements that are mixed in livestock feeds. Vitamin A, Vitamin D, Vitamin E, Vitamin K, and riboflavin are some of the vitamin supplements that are widely preferring by the key players to improve and maintain swine health.
Global Swine Feed Market Regional Analysis:
The Asia Pacific region is expected to grow by more than 3.80% during the forecast period. The growth in populations, disposable incomes, and progressive urbanization in the Asia Pacific region have increased the rapid growth in the consumption of swine meat production. Developing economies like China, India, and South Korea possess the largest livestock wealth across the region. Pig farming is one of the most sustainable industries in the region, which is expected to increase the demand for swine feed. China’s per capita pork consumption has reached more than 40 .80 Kg in 2019 that is expected to increase the need for swine production and its feed production as well. The swine meat consumption demand by each country across the five regions like North America, Middle East & Africa, Asia Pacific, South America, and Europe has been analyzed in the global swine feed market report.
Global Swine Feed Market Competitive Analysis:
Pig production has changed rapidly from smallholders to an intensive industry across developing countries. In the developed countries, large-scale production systems have achieved swine production and it became the main type of farming system. The swine feed key players are focusing on developing various supplements and additives to increase their product cells. For instance, Agrivida has recently started marketing its phytase enzyme-based feed additive. The popularity of additive usage in enriching the diets of pigs is expected to offer key opportunities for the swine feed key players.
The objective of the report is to present a comprehensive analysis of the Global Swine Feed Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Swine Feed Market dynamics, structure by analyzing the market segments and projects the Global Swine Feed Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Swine Feed Market make the report investor’s guide.
Global Swine Feed Market Scope:
Global Swine Feed Market, By Product
• Starter Feed
• Grower Feed
• Sow Feed
Global Swine Feed Market, By Supplements
Global Swine Feed Market, By Additives
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
Global Swine Feed Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Swine Feed Market Key Players:
• Chr Hansen
• Royal DSM
• Lallemand Inc.
• BASF SE
• Novus International Inc.
• Kent Foods
• Cargill Inc.
• Archer Daniels Midland Company
• ABF Plc.
• Alltech Inc.
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