increasing consumption and production of pork on a global platform is a major driving factor for the swine feed market. Rising food safety and pork trade is augmenting the market demand and growth. Owing to these factors, the demand for pigs bolstered globally and the IndustryARC’s analysts evaluated the global swine feed market size was $130.2 billion in 2018. And, the demand is poised to stimulate at aCAGR of 6.21% during the forecast period 2019-2025.
The IndustryARC’s latest business intelligence report titled “ [FURL=https://www.industryarc.com/PressRelease/1511/Swine-Feed-Market-Research.html]Swine Feed Market[/FURL] : By Feed Type (Starter, Sows, Grow/Finish, Breeder); By Additive (Antibiotics, Chemobiotics /Chemotherapeutics, Anthelmintic /Dewormers, Copper Compounds, and Probiotics) & Geography-Forecast (2019-2025),”
Global Swine Feed Market: Leading Segments
Geographically, APAC was leading the market with the largest regional share of 32% in 2018. China is a major contributor in terms of consumption followed by the Philippines, Thailand, and Vietnam as compared to other countries. In the global swine feed market, it is also expected that the Asian region is going to a hub for the companies. Due to these factors, APAC has a positive impact on the market along with with it the demand for the swine feed market will also increase tremendously. Furthermore, with the rise of income in developing regions such as China and South East Asia, the demand for pork is increasing drastically.
On the contrary, the key application cited by the IndustryARC’s analysts is probiotics: by additive type. There are live probiotics: microorganisms that are mixed with the swine’s feed to make it more healthy and nutritious. Moreover, the anticipated application demand is poised to grow at a growing CAGR of 6.71% through to 2025.
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Global Swine Feed Market: Market Trends and Growth Drivers
Organic Pig Feeds-The The quality of the pork is determined with how health is the pig’s gut. The pigs’ farmers prefer organic swine meat over any other nutritious feed.
Government Standards for Feed Additives
Emerging Demand for Pigs in Europe and the U.S: Regions like Europe and the U.S. are the emerging market for pigs. Owing to this trend, it is considered that the countries having a relatively high population of pigs will have more demand for swine feed.
Increasing Demand for Quality Pork and Price: The increasing demand for pork that is healthy is more in the market. After the African Swine Fever (ASF) incident, people have become more particular in purchasing quality pork.
Global Swine Feed Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global swine feed market are Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke DSM N.V., Nutreco N.V., Lallemand Inc, Novus International Inc, BASF SE, Biomin Holding GmBH, Church & Dwight Co., Inc.
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