North America Swine Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Swine Feed Premix Market Analysis
North America Swine Feed Premix market is estimated to register a CAGR of 2.1% during the forecast period. Feed premises are given to the pigs to maximize performance and reduce the risk of nutrient deficiencies that occur because of variations in feed quality. North America is a crucial and pioneering market in regard to swine feed premixes. The growth of this industry is dependent on certain broad aspects such as increasing demand for swine meat, innovation impetus from increasing regulations, and the overall increase of the feed premix market. The disease outbreaks that have occurred over the past decade have forced manufacturers to use premixes to ensure quality and safety.
North America Swine Feed Premix Market Trends
This section covers the major market trends shaping the North America Swine Feed Premix Market according to our research experts:
Well Established Swine Production Industry Drives the Market
Swine meat is one of the majorly consumed meats in North America. The meat consumption demand has been continuously increasing for a decade. For instance, the per capita consumption of pork in Canada was 17.9 kg in 2017 increasing to 18.06 Kg in 2018. The huge consumption demand for pork caused a boost in swine production in the region. North American region produced 88 million pigs in 2018, which is 4 million more than the pig count in 2016. Therefore, large consumption demand coupled with increasing swine production is driving the swine feed premix market in the region.
The United States Dominates the Market
The United States holds more than half of the swine feed premix market share in North America. Pork production in the U.S. is estimated to generate a revenue of USD 23.4 billion per year, with 26% of pork and pork products produced exported to other countries. The country produced 74 million heads of pork in 2018, which is almost 90% of the total North American production. The large, growing swine production industry ensures the further growth of the swine feed premix market in the country.
North America Swine Feed Premix Industry Overview
The North America Swine Feed Market is Fragmented with many regional and global players in the market. Kent Nutrition Group, Elanco Group, Alltech Inc, etc are some of the dominant players in the region. These players are actively adopting strategies such as new product launches, mergers, acquisitions, and partnerships to reinforce their brand image.
North America Swine Feed Premix Market Leaders
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Kent Nutrition Group.
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Elanco Group
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Provimi North America, Inc.
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Alltech Inc
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Lallemand Inc.
*Disclaimer: Major Players sorted in no particular order
North America Swine Feed Premix Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Ingredient Type
- 5.1.1 Antibiotics
- 5.1.2 Vitamins
- 5.1.3 Antioxidants
- 5.1.4 Amino Acids
- 5.1.5 Minerals
- 5.1.6 Others
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5.2 Geography
- 5.2.1 United States
- 5.2.2 Canada
- 5.2.3 Mexico
- 5.2.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Elanco
- 6.3.2 Alltech Inc
- 6.3.3 ADM Animal Nutrition
- 6.3.4 Cargill Inc
- 6.3.5 Lallemand Animal Nutrition
- 6.3.6 Nutreco
- 6.3.7 Kent Nutrition Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
North America Swine Feed Premix Industry Segmentation
Feed premixes are the supplements given to the animal along with the feed to provide necessary nutrients. North America swine feed premix market gives a comprehensive overview of the market size along with the drivers, competitive landscape, and future opportunities. The market is segmented by the premix type and geography.
| By Ingredient Type | Antibiotics |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Others | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Swine Feed Premix Market Research FAQs
What is the current North America Swine Feed Premix Market size?
The North America Swine Feed Premix Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in North America Swine Feed Premix Market?
Kent Nutrition Group., Elanco Group, Provimi North America, Inc., Alltech Inc and Lallemand Inc. are the major companies operating in the North America Swine Feed Premix Market.
What years does this North America Swine Feed Premix Market cover?
The report covers the North America Swine Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Swine Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Swine Feed Premix Industry Report
Statistics for the 2024 North America Swine Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Swine Feed Premix analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
