Asia-Pacific Swine Feed Market Size (2024 - 2029)

The Asia Pacific swine feed market is experiencing growth driven by increasing demand for pork meat, fueled by rising incomes in the region. This market encompasses a diverse range of products and ingredients essential for animal nutrition, catering to both small-holder and affluent farmers. While small-holder farmers primarily use cereal by-products and cereals, wealthier farmers tend to rely on feed supplements to ensure optimal animal growth. The market's expansion reflects the growing need for effective swine feed solutions across various farming practices in the Asia Pacific.

Home Market Analysis Animal Nutrition & Wellness Research Compound Feed Research Swine Feed Research APAC Swine Feed Supplements Market Market Size

Market Size of Asia-Pacific Swine Feed Industry

Asia-Pacific Swine Feed Market Growth
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

Asia-Pacific Swine Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Need A Different Region Or Segment?
Customize Now

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.

Explore More

Asia-Pacific Swine Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Product

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredients

      1. 2.1.1 Cereals

      2. 2.1.2 Cereals by products

      3. 2.1.3 Oil Seed Meal

      4. 2.1.4 Oils

      5. 2.1.5 Molasses

      6. 2.1.6 Others

    2. 2.2 Supplements

      1. 2.2.1 Antibiotics

      2. 2.2.2 Vitamins

      3. 2.2.3 Antioxidants

      4. 2.2.4 Amino Acids

      5. 2.2.5 Enzymes

      6. 2.2.6 Acidifiers

      7. 2.2.7 Others

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 Australia

      5. 2.3.5 Rest of Asia-Pacific

Asia-Pacific Swine Feed Market Size FAQs

The Asia-Pacific Swine Feed Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)

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.

Asia Pacific Swine Feed Market Report Snapshots

Asia Pacific Swine Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)