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Swine Feed Market size was over USD 130.06 billion in 2023 and is expected to exceed USD 193.42 billion by the end of 2036, witnessing over 3.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of swine feed is evaluated at USD 133.29 billion.
The growth of the market can be attributed to the growing demand for food additives in order to enhance the quality of food in animal nutrition products, along with the rising number of animal husbandry branches. Further, rising awareness among consumers regarding health of swine is leading to increased consumption of swine feed products among pig farmers. The swine feed keeps the pig’s safe from enzootic disorders and avoids the outspread of the enzootic diseases in the environment. Additionally, the farmers are increasing the usage of good quality swine feed to minimize the prevalence rate of animal epidemics, which in turn, is estimated to propel the market growth. Swine feed is more easily digestible and delivers proper nutritional benefits. It is rich in vitamins & fiber content, and therefore promotes good health of swine. Moreover, increase in international trade in slaughtered and live pigs is also anticipated to drive the swine feed market growth. According to the statistics by the National Pork Producers Council, more than 60 thousand pork producers in the United States annually market more than 115 million hogs. Moreover, the statistics also stated that the pork industry in the United States adds USD 39 Billion to the GDP of the nation.
Growth Drivers
Challenges
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2023 |
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Forecast Year
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2024–2036 |
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CAGR |
3.1% |
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Base Year Market Size (2023) |
USD 130.06 billion |
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Forecast Year Market Size (2036) |
USD 193.42 billion |
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Regional Scope |
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The swine feed market is segmented by form type into crumbles, pellets, and mash. Amongst these segments, the pellets segment is estimated to hold the largest market share during the forecast period on the back of numerous benefits associated with pellet form type as compared to other types. Pellet diets provide greater feed efficiency. These feeds also have greater starch digestibility. Moreover, owing to the shape of the pallet, handling of feed in both the manufacturing premises as well as at the site of the pig farmer, creates less wastage, which is anticipated to drive the growth of the segment during the forecast period.
Our in-depth analysis of the global swine feed market includes the following segments:
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Product Type |
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Ingredient Type |
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Form Type |
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Additives Type |
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Supplements Type |
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End Users |
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Regionally, the global swine feed market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific industry is set to dominate majority revenue share by 2036, propelled by rising consumption of pork meat in the region.
Further, China, which is the major producer of pork meat owing to the presence of enormous pig population, is also anticipated to surge the demand for swine feed. The North America region, on the other hand, is anticipated to witness the highest CAGR on the account of rising technological advancements for high quality swine feed and stringent government regulations in order to increase the protein content in cattle feed products. Moreover, presence of standard parameters along with the frequent tests related to the food provided to pigs is estimated to accelerate the market growth during the forecast period. Additionally, increasing focus on developing advanced cattle feed and feed additives, is also anticipated to drive the swine feed market growth in the region.
Author Credits: Parul Atri
Copyright © 2024 Research Nester. All Rights Reserved
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