Global Swine (Pig) Feed Market is poised to hit USD 7.15 billion by 2021| Market Data Forecast

The Global Swine (Pig) Feed Market was worth $ 5.47 billion in 2016 and estimated to be growing at a CAGR of 5.5%, to reach $ 7.15 billion by 2021. Pork is the culinary name for the meat of the domestic swine or pig. It is one of the most important meat consumed across the globe. Like other meat available in the market, pork can be freshly cooked or preserved. Examples of preserved pork are smoked pork, ham, bacon, gammon and sausage. Pork is a common meat eaten in the Western world. It is also very common in Chinese dishes.

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Feed activities play a crucial role in the animal nutrition which impacts its result in taste of the meat. So, feed activities play an important role in modern livestock management. Feed activities improve the characteristics of the feed to render the health benefits by improving the digestion and increasing the nutritional content and deliciousness of the feed. The development in pork production has simultaneously helped the rise of the swine feed market, as feed cost is the main component, accounting for 70%-80% of the total cost of pig meat production. Hence, the cost of feed has a large impact on the price of producing pork. More feed price can quickly make profit into losses.

The Global market of the Swine feed will continue to increase by maintaining the optimum health of domesticated animals. Some of the key factors acting as the drivers of the market are growing demand for the pork, escalating pork prices and Increasing instances of disease outbreak. By giving better swine feed for pig farming improves the health of the customer eating the pork meat, creating an indirect impact of the health of the global pork-eating human population. High rates of feed and addictive are the important restraints in the market.

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Swine (Pig) Feed Market is categorised by Type, Additive and by Region. On the basis of Type, swine feed market is further segmented into Pig Starter feed, Grower feed, Sow feed and Others. On the basis of the feed additive types, the market is classified into Zootechnical feed additives, Sensory feed additives and Nutritional feed additives. Moreover, the market is also segmented on the basis of the feed essence, like Vitamins, Antioxidants, Antibiotics, Feed acidifiers, Feed enzymes, Amino acids and Others. On the basis of region, the global Pig feed market is segmented under various regions namely North America, Latin America, Asia-Pacific, Europe and Middle East and Africa

The Asia-Pacific swine feed additives market has the highest consumption chart of the global industry, which has a 43.1% of the total global share. Europe is the most dominant in Swine feed additives industry with 37.3% of the total market share.  Rise in effort of various administrations on feed cost reduction and increasing animal productivity are the drivers for market growth in this region. North America has the second largest market. Asia-Pacific region, where China and other countries are important for the pork requirement and rising disposable income, backed by the buoyant domestic demand and government support are the primary reasons for the particularly strong growth in this market.

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CHR Hansen Holdings A/S (Denmark), Novus International Inc. (U.S), Lallemand Inc (Canada), BASF (Badishce Anilin und Soda Fabrik) (Germany), Royal DSM N.V. (The Netherlands), ADM (Archer Daniels Midland Company) (U.S), Alltech Inc. (U.S), Charoen Popkhand Foods (Thailand), Cargill Inc. (U.S) and ABF Plc (Associated British Food) (U.K) are some of the important companies in the swine feed market.

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