Swine Feed Premix Market Size (2024 - 2029)

The swine feed premix market is experiencing changes in its market size due to various factors, including the impact of African Swine Fever, which significantly affected pig production in the Asia-Pacific region. This disease led to a substantial culling of pigs, disrupting the market dynamics in the affected areas. While the East and Southeast Asian markets faced challenges, the North American region showed steady growth, contributing to a more balanced market size during the forecast period.

Market Size of Swine Feed Premix Industry

Swine Feed Premix Market Summary
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

Swine Feed Premix Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Egypt
Rest of Africa
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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.

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Swine Feed Premix 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 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Antibiotics

      2. 2.1.2 Vitamins

      3. 2.1.3 Antioxidants

      4. 2.1.4 Amino Acids

      5. 2.1.5 Minerals

      6. 2.1.6 Acidifiers

      7. 2.1.7 Eubiotics

      8. 2.1.8 Other Types

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

        4. 2.2.1.4 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Spain

        5. 2.2.2.5 Russia

        6. 2.2.2.6 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 India

        3. 2.2.3.3 Japan

        4. 2.2.3.4 Rest of Asia pacific

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Egypt

        3. 2.2.5.3 Rest of Africa

Swine Feed Premix Market Size FAQs

The Swine Feed Premix Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)

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.

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