Global
Swine Feed: Market Overview
Feed
additives play a vital role in improving the nutrition provided to
animals – they primarily enhance the feed and food quality. Swine
feed, in particular, delivers nutrition to swine in the course of
rearing them. Feed extracts are an important source of nutrition
given that they make the feed more digestible. Among the key feed
essences that are contained in the diet of pigs are: enzymes,
emulsifiers, antimicrobials, and antioxidants.
The
rising volumes of pork production, combined with the escalating
demand for high quality meat from pork, will contribute to the rising
demand for swine feed the world over. Swine feed can be in several
forms, including cereals, cakes, meals, vitamins, minerals, and fats
and oils. The supplements fed to swine include hay, grass, and
certain types of legumes.
Since
swine feed is rich in fiber content, vitamins, and minerals, it
offers numerous nutritional advantages. The consumption of pork is
increasing in newer markets and is, thus, expected to push the demand
for related feed globally.
Global
Swine Feed Market: Segmentation
The
global market for swine feed can be broadly segmented basis
classifications. Segmented thus, the market can be divided into pig
grower feed, sow feed, and starter feed, among others. The global
swine feed market
can similarly be segmented based on type of feed additives to include
the following: Sensory, nutritional, as well as zootechnical feed
additives. The global market for swine feed can be segmented based on
the type of feed essence into: antioxidants, vitamins, amino acids,
antibiotics, feed enzymes, feed acidifiers, and others.
Global
Swine Feed Market: Key Growth Propellers
The
global swine feed market will benefit immensely on account of the
rising preference for well-bred and quality pork meat. This trend is
expected to continue from 2015 through 2025. In the near future, the
rising amount of pork produced in various countries will likely keep
the demand for swine feed steady until 2025.
In
Asian countries, especially, the demand for nutritious animal feed is
steadily rising. Swine feed will be no exception. This demand from
the Asian region will boost the performance of the global swine feed
market. In addition to this factor, the growing pork trade, coupled
with the need for food safety, will further bolster the prospects of
the global swine feed market. Another factor that will prove
beneficial to the global swine feed market is the rising pig
population in countries in Asia, especially China, where pork is a
part of everyday diet.
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Global
Swine Feed Market: Region-wise Outlook
Geographically,
the swine feed industry can be segmented on the basis of major
regions, including North America, Western and Eastern Europe, Latin
America, Asia-Pacific region, Middle East and Africa, and Japan. As
of 2014, Asia Pacific region held the highest share in the swine feed
market. China boasts the majority of the pig population in the world.
The population of pigs is also high in Europe and in the U.S., in
that order. Owing to this trend, it is evident that the highest
demand for swine feed will emerge from countries that have a
relatively high population of pigs. According to the report, the
Asian region is expected to emerge as a hub for companies in the
global swine feed market. The swine feed market will develop well in
Vietnam, the Philippines, China, and Thailand. Besides this, North
America is anticipated to be second largest market during the
forecast period.
Global
Swine Feed Market: Key Players
The
key players that have registered a presence across the global value
chain of the swine feed market are: Lallemand Inc, BASF Limited,
Novus International Inc., Cargill Inc, Royal DSM Holdings Limited,
ABF Plc, Archer Daniels Midland Company, Chr Hansen, Alltech Inc.,
and Kent foods. Increasingly strict government regulations that
govern industry could potentially hamper the revenue generation of
key players. However, creative packaging and innovation in products
are among the top business strategies that could lend a competitive
advantage to manufacturers of swine feed, thus helping them expand
presence beyond their current markets.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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