Swine Feed Market Share

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.

Frequently Asked Questions (FAQ)

The growing demand for pork meat is one of the major factors anticipated to drive the market growth.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022-2030.

The fluctuating prices of raw materials used for manufacturing swine feed is one of the major factors estimated to hamper the market growth.

The market in the Asia Pacific is anticipated to display significant business opportunities in the future.

The major players in the market are Cargill, Incorporated, Nutreco, N.V., ADM Animal Nutrition, Novus International, Lallemand Inc., DSM, Charoen Pokphand Foods PCL, Chr. Hansen Holding A/S, BASF SE, Alltech Inc., and others.

Swine Feed Market Share