Market Size of Swine Feed Premix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.10 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Swine Feed Premix Market Analysis
The swine feed premix market is projected to register a CAGR of 3.1% during the forecast period.
- The factor that impacted the piggery industry in 2019 is the rapid spread of African Swine Fever (ASF). ASF is a fatal disease that has a fatality rate of about 100%. The disease severely impacted the production of pig meat in the Asia-Pacific region, which is the major region for rearing swine. It is estimated that about 5 million pigs were culled in China, Mongolia, Vietnam, Cambodia, Laos, Myanmar, the Philippines, and South Korea. ASF has severely impacted the swine feed premix industry in the region and worldwide.
- Although the East and Southeast Asian regions were severely impacted due to ASF, the North American region witnessed a steady growth in the review period. The region is expected to balance out the decelerated growth in Asia during the forecast period.
Swine Feed Premix Industry Segmentation
Premixes are mixtures of one or more essential animal nutrients mixed by the livestock farmers with the home-grown feed to provide animals optimum nutrition. The swine feed premix market is segmented by Ingredient (antibiotics, vitamins, antioxidants, amino Acids, minerals, and other Ingredients). The market is segmented by geography to assess the key trends in the major countries in North America, Europe, Asia-Pacific, South America, and Africa.
| Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Acidifiers | |
| Eubiotics | |
| Other Types |
| Geography | ||||||||
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Swine Feed Premix Market Size Summary
The swine feed premix market is experiencing a steady growth trajectory, driven by the increasing demand for pork and the need for enhanced meat production quality. The market is characterized by a compound annual growth rate during the forecast period, despite challenges such as the African Swine Fever (ASF) outbreak, which significantly impacted pig production in the Asia-Pacific region. This region, a major hub for swine rearing, faced severe setbacks due to ASF, leading to substantial culling of pigs. However, North America has shown resilience and growth, helping to balance the overall market dynamics. The demand for swine feed premixes is bolstered by urbanization and the shift towards diets rich in animal proteins, particularly in developing countries where pork is a cost-effective meat source.
Asia-Pacific remains a significant player in the swine feed premix market, with countries like India and Japan witnessing growth in pork demand due to factors such as a burgeoning middle class, rising disposable incomes, and changing consumer preferences. The market is fragmented, with global and regional players like Cargill Inc., Charoen Popkhand Group, and DSM Animal Nutrition competing alongside local manufacturers. These companies are focusing on expanding their production capacities and product lines through strategic investments and mergers. The ongoing expansion efforts are expected to drive the market forward, catering to the rising need for low-cost, high-nutritional-value meat products.
Swine Feed Premix 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 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Minerals
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2.1.6 Acidifiers
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2.1.7 Eubiotics
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2.1.8 Other Types
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Spain
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2.2.2.5 Russia
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 Rest of Asia pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Africa
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2.2.5.1 South Africa
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2.2.5.2 Egypt
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2.2.5.3 Rest of Africa
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Swine Feed Premix Market Size FAQs
What is the current Swine Feed Premix Market size?
The Swine Feed Premix Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in Swine Feed Premix Market?
Cargill, Inc., DSM Animal Nutrition, DBN Group, Land O' Lakes, Inc. and Burkmann Industries Inc are the major companies operating in the Swine Feed Premix Market.
