Market Size of Swine Feed Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 108.15 Billion |
| Market Size (2029) | USD 134.76 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Swine Feed Market Analysis
The Swine Feed Market size is estimated at USD 108.15 billion in 2024, and is expected to reach USD 134.76 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
- Swine livestock production has been growing across the world to support the needs of the changing diet patterns of the populations, particularly in developing markets. In addition to the growing demand for animal protein and the industrialization of livestock production, other factors driving the swine feed market include the increasing focus on animal welfare and sustainability. Consumers are becoming more concerned about the origin and quality of their food, leading to a rise in demand for products from animals raised in humane and sustainable conditions. This trend is driving the adoption of new feeding practices and technologies that promote animal welfare and reduce environmental impacts.
- The livestock sector in the global market, especially in Asia-Pacific, is increasingly becoming industrial, with many farmers remaining small and marginal in countries like India and China. With a large number of live swine animals, Asia-Pacific is the leading feed-consuming region in the world, followed by Europe, and thus, they have a direct impact on the swine feed market. The increasing scale of livestock production in the regions has contributed to the increase in feed production capacities in the region's major economies, such as China, India, Russia, and Spain.
- High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in the livestock industry and meat manufacturers to use good quality feed and are anticipated to drive the swine feed market globally.
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.
The Swine Feed Market is Segmented by Ingredient (Cereals, Cereal By-Products, Oilseed Meal, Oils, Molasses, Supplements, and Other Ingredients), Supplements (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Acidifiers) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.
| Ingredients | |
| Cereals | |
| Cereals by products | |
| Oilseed Meal | |
| Oils | |
| Molasses | |
| Supplements | |
| Other Ingredients |
| Supplements | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Acidifiers | |
| Other Supplements |
| Geography | |||||||||
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Swine Feed Market Size Summary
The swine feed market is poised for significant growth, driven by the increasing demand for animal protein and the industrialization of livestock production, particularly in developing regions. As consumer awareness around animal welfare and sustainability rises, there is a growing preference for swine products sourced from humane and environmentally friendly practices. This shift is encouraging the adoption of advanced feeding technologies that align with these values. The Asia-Pacific region, with its substantial swine population and leading position in pork consumption, plays a pivotal role in the global market. The region's economic growth, urbanization, and rising incomes are contributing to increased pork production and, consequently, a higher demand for swine feed.
The global swine feed market is characterized by a slightly consolidated landscape, with major players like Cargill Inc., Nutreco NV, and Charoen Pokphand Foods PCL actively expanding their market presence through strategic mergers, acquisitions, and partnerships. These companies are focusing on enhancing their production capacities and entering new markets to meet the burgeoning demand for high-quality feed. The market's growth is further supported by the rising consumption of pork, particularly in China, where urbanization and a growing middle class are driving increased meat consumption. The ongoing development of intensive livestock farming systems is expected to sustain the market's growth trajectory, despite challenges such as fluctuating raw material costs.
Swine Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of Substitute Products
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1.3.4 Threat of New Entrants
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1.3.5 Intensity of Competitive Rivalry
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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 Oilseed Meal
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2.1.4 Oils
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2.1.5 Molasses
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2.1.6 Supplements
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2.1.7 Other Ingredients
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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 Other Supplements
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Germany
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2.3.2.5 Russia
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Swine Feed Market Size FAQs
How big is the Swine Feed Market?
The Swine Feed Market size is expected to reach USD 108.15 billion in 2024 and grow at a CAGR of 4.5% to reach USD 134.76 billion by 2029.
What is the current Swine Feed Market size?
In 2024, the Swine Feed Market size is expected to reach USD 108.15 billion.
