Market Size of Asia-Pacific Swine Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Swine Feed Market Analysis
Asia Pacific Swine Feed Market is projected to grow at a CAGR of 3.5% during the forecast period (2020-2025). The Asia Pacific Swine Feed Market is anticiapted to reach a market size close to USD 61.1 billion by 2020 during the forecast period. With the rise of income in the Asia Pacific countries, the demand for pork meat (pig meat) is increasing year by year, which makes it an attractive market. Pigs are mostly fed with cereal by-products and cereals by small-holder farmers whereas the rich farmers rely on feed supplements for the healthy growth of their animals. Thus, the market for feed is captured by every kind of product and ingredient required for animal nutrition.
Asia Pacific Swine Feed Industry Segmentation
Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics. Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics.
| Ingredients | |
| Cereals | |
| Cereals by products | |
| Oil Seed Meal | |
| Oils | |
| Molasses | |
| Others |
| Supplements | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Acidifiers | |
| Others |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Swine Feed Market Size Summary
The Asia Pacific swine feed market is experiencing significant growth, driven by increasing demand for pork meat due to rising incomes and changing consumer preferences in the region. Pork's affordability, palatability, and nutritional benefits make it the most consumed meat in developing Asian countries, further boosting the demand for swine feed. The market is characterized by a diverse range of products and ingredients essential for animal nutrition, catering to both small-holder and affluent farmers. China, Vietnam, Indonesia, and India are key players in pork production and consumption, with China leading in swine feed additives. The region's large middle-class population and growing disposable income are pivotal in elevating pork demand, thereby enhancing the market for swine feed.
The Asia Pacific swine feed market is poised for substantial growth, with China, India, and Japan playing significant roles in its expansion. Despite lower pig meat consumption in Australia, it is on the rise, contributing to the overall market growth. The market is dominated by a few large players, including Cargill, ADM Animal Nutrition, Alltech, Charoen Pokphand Foods PCL, and New Hope Group, who employ strategies like acquisitions, product launches, partnerships, and expansions to maintain their market share. The increasing awareness of high-protein diets in emerging economies is expected to further propel the market, making Asia Pacific a lucrative region for swine feed industry growth.
Asia-Pacific Swine Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Product
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Ingredients
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2.1.1 Cereals
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2.1.2 Cereals by products
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2.1.3 Oil Seed Meal
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2.1.4 Oils
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2.1.5 Molasses
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2.1.6 Others
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2.2 Supplements
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2.2.1 Antibiotics
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2.2.2 Vitamins
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2.2.3 Antioxidants
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2.2.4 Amino Acids
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2.2.5 Enzymes
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2.2.6 Acidifiers
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2.2.7 Others
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 Australia
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Swine Feed Market Size FAQs
What is the current Asia-Pacific Swine Feed Market size?
The Asia-Pacific Swine Feed Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Swine Feed Market?
Charoen Pokphand Foods PCL, Cargill, Incorporated., ADM Animal Nutrition, Alltech and New Hope Group are the major companies operating in the Asia-Pacific Swine Feed Market.
