Swine Feed Market to grow at a CAGR of 5.27% between 2017 and 2023
The report published by Knowledge Sourcing Intelligence titled “Swine Feed Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for swine feed across the globe. The report has been segmented by feed additives (antibiotics, anthelmintics, acidifiers, others), feed type (starter feed, grower-to-finisher feed, gestation feed, lactation feed), and geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Rising demand for pork worldwide is the major driver of swine feed market. The United States Department of Agriculture (USDA) has forecasted pork exports 3% higher, majorly due to strong demand in Asian and Latin American countries. Rising awareness among pig farmers, about various nutritional and beneficial feed additives, is another driving factor for the growth of swine feed market as farmers are using healthy and functional swine feed to raise swine production. Rising cases of diseases such as swine fever will continue to boost the demand for better swine feed throughout the forecast period. However, the ban on certain antibiotics to bed used in swine feed is restraining the growth of swine feed market.
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Anthelmintics segment experiencing strong demand
By feed type, swine feed market is segmented as antibiotics, anthelmintics, acidifiers, and others. The market for anthelmintics for swine feed is projected to witness a significant growth between 2017 and 2023 on account of rising awareness among pig farmers about parasitic worm infection which can severely affect pig production, thus reducing their profits.
APAC witnessing significant regional market growth
The rapid rise in the pork demand across APAC countries, is in turn, augmenting the demand for swine feed in the region. The rising volume of pork exports across different regions and countries is also encouraging pig farmers to use functional swine feed to keep pigs healthy and increase the yield rate.
This report also includes a study of strategies and product portfolios of some of the leading companies in the swine feed market. It consists of company profiles of the leading companies- Cargill Incorporated, Alltech, BASF SE, Royal DSM, Chr. Hansen Holding A/S, Kent Nutrition Group, Novus International, ADM Animal Nutrition, and Lallemand, Inc.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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