Global Market for Swine Feed Slated to Reach a Valuation in Excess of US$ 160,100 Mn Over 2022

Swine feed market- Fact.MR

Dublin 2, Ireland, Oct 12, 2017- Fact.MR’s recently published report projects that the global swine feed market will reach a valuation in excess of US$ 160,100 Mn by the end of 2022. Swine feed is considered to be a potent source of nutrients that are essential for proper growth of pigs. Swine feed consist of healthy additives that greatly enhances food quality. Over the recent years, demand for swine feed has increased to a notable extent since a majority of pig farms are now focused on supplying high-quality feed to pigs. In modern pig farms, a large portion of investment is dedicated to procurement of high-grade swine feed in order to ensure healthy breeding and greater meat production.

Manufacturers of animal feeds are concentrating on adding highly nutritious feed extracts and additives to their products for making them more easily digestible. Emulsifier, antioxidant, antimicrobials and enzymes are some of the important feed essences that are usually added to pig diet. Global demand for swine feed is expected to surge over the next couple of years due to increasing consumption of pork across the globe. Manufacturers are introducing swine feed of various forms such as minerals concentrated feed, vitamins concentrated feed, and cereals based feed. Moreover, swine feed also include certain types of grass, hay and legumes. Addition of such ingredients makes swine feed rich in minerals, vitamins and fibre content. Factor as such are expected to supplement the growth of the global market for swine feed during the forecast period. Farm owners are becoming more aware about what is right for the proper growth of their cattle including pigs, chickens and sheep.  Therefore, farm owner are opting for feed ingredients that can enhance the resistance of their cattle against various enzootic ailments. The market is also expected to influenced by increasing availability of premium-quality swine feed

Highlights from the Report Include:

Among regions, demand for swine feed is relatively high in the Asia-Pacific excluding Japan (APEJ) region and the trend is likely to continue throughout the projection period. The market in the region is expected to soar at a steady pace during 2017 to 2022. This is primarily attributed to existence of a massive pork meat industry in China. In addition, China is among the leading countries in the world that account for highest pork production and consumption. North America and Europe are also expected to account for significant share of the global market for swine feed during the forecast period.

On the basis of diet type, the starter diets segment is expected to retain its top position over 2022. The segment currently commands for close to 26% revenue share of the global market. The starter diest segment is projected to reach a market valuation in excess of US$ 42,700 Mn by end of the projection period.

On the basis of feed ingredients, the wheat segment is expected to hold the top position over 2022. This segment presently account for around 22% market share in terms of revenue and is projected to surpass a market valuation of US$ 36,300 Mn by 2022-end.

On the basis feed additives, the vitamin segment is expected to remain highly attractive during the forecast period. In terms of revenue, the segment currently represent close to 26% market share and expected to exhibit a sound growth over 2022.

Competition Tracking

BENEO GmbH, Archer Daniels Midland Company, Cargill Inc., Ridley Corporation Limited, Purina Animal Nutrition LLC. Alltech Inc., Charoen Pokphand Foods PCL, Nutreco N.V., Koninklijke DSM N.V., and Kent Nutrition Group Inc. are the leading market players mentioned in Fact.MR’s report.


About Fact.MR

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Feed Flavors and Sweeteners Market is projected to reach USD 1,463.0 million by 2022

Feed Flavors and Sweeteners Market is projected to grow at a CAGR of 3.4%

Feed Flavors and Sweeteners Market, estimated at USD 1,236.1 million in 2017, is projected to grow at a CAGR of 3.4%, to reach USD 1,463.0 million by 2022. The market factors driving the demand for feed flavors and sweeteners include increasing demand for palatability boosting ingredients, growing meat & dairy products industries, and increasing awareness of consumers towards quality meat products. Additionally, the implementation of innovative husbandry practices to improve quality of meat products are paving new opportunities for the feed flavors & sweeteners market. However, the lack of awareness about palatability-boosting additives such as flavors and sweeteners in developing countries may act as a restraining factor for this market in coming years.

Feed flavors is projected to be the fastest-growing segment in the global feed flavors & sweeteners market

On the basis of type, feed flavors is projected to be the fastest growing segment during the review period. Feed flavor additives enhance the taste and aroma of feed that leads to the increase in feed intake of livestock and helps in improved growth performance as well. In addition, flavors such as citrus, spices, and vanilla enable the voluntary feed intake by animals and provide health benefits such as better immunity. These benefits offered by feed flavors have resulted in a massive demand for these additives in the feed industry, which is expected to contribute to the growth of the feed flavors & sweeteners market in the coming years.

Asia Pacific is projected to be the largest region throughout the forecast period

Asia Pacific acquired the largest share of the feed flavors & sweeteners market in 2016 owing to the increase in growing awareness among the consumers regarding the impact of quality feed provided to the livestock on the animal-based products such as meat and dairy products. Further, continuous modernization of animal production techniques is projected to drive the demand for palatable additives such as flavors and sweeteners in this region.

Research Coverage:

The report segments the feed flavors & sweeteners market on the basis of application ingredients, form, source, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global feed flavors & sweeteners market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.

Reasons to buy this report:

– To get a comprehensive overview of the feed flavors & sweeteners market

– To gain a wide-ranging information about the top players in this industry, their service portfolios and key strategies adopted by them

– To gain insights about the major countries/regions in which the feed flavors & sweeteners market is flourishing

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