APAC 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 | 4.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Swine Feed Premix Market Analysis
Asia Pacific Swine Feed Premix Market is forecasted to grow at a CAGR of 4.1% during the forecast period (2020-2025). Asia- Pacific is an important and volume-based 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 additives market. Antibiotics are majorly used as a premix followed by vitamins and minerals for healthier pig production. The growing trend of pork consumption in countries like China, India, and Australia will drive the demand for feed premixes in the region.
APAC Swine Feed Premix Market Trends
This section covers the major market trends shaping the APAC Swine Feed Premix Market according to our research experts:
Rising Demand for Quality Pork Meat
Pork is the most popular and widely consumed meat in developing countries and specifically in Asian countries. Pork is cheaper than other meat sources, which is a major factor for its high consumption. Besides, its palatability, fat content, and texture fascinates the consumer. The large middle-class population, growing disposable income, and changing consumer preferences are levitating the pork demand. Thus, due to the rising health concerns there has been a shift of the consumers towards quality pork. The pig farmers, therefore, demand premixes such as antibiotics, vitamins, and minerals to keep the animals healthy and disease-free. Pork production and consumption are very high in China, Vietnam, Indonesia, and India. Pork is highly nutritious meat as it contains high protein, and less fat and cholesterol, as compared to beef and other meat sources. It provides a protein-rich meat source for consumers at a low cost, which makes it an affordable animal meat protein source for consumers in the region. Thereby, boosting the demand for swine feed premix in the region.
China Dominates the Market
China is capturing a major share of the market by its dominance in swine feed additives. This is followed by other Asian countries such as India and Japan. The Asia Pacific is estimated to be one of the remunerative markets for the growth of the swine feed market, which in turn is driving the swine premix market and it is projected to grow the highest during the forecast period. The awareness to consume high protein diets in emerging economies like India and China are anticipated to lead the growth of the market in this region. Although the consumption of pig meat is low in Australia but the consumption is increasing at a good pace which registered an increase from 385.08 thousand tons in 2017 to 395.03 thousand tons in 2019 owing to the demand from the growing population of the country. Thus, the demand for fresh and quality meat in these countries will drive the market for swine feed premix in Asia-Pacific.
APAC Swine Feed Premix Industry Overview
The swine feed premix market is fragmented, with the top global and regional players competing with the local manufacturers. The expansion and investments are the most preferred strategy for growth, followed by mergers and acquisitions in the market. The major companies are focused on expanding their businesses across regions and setting up new plants for increasing production capacity, as well as product lines. The major players in the market are Cargill Inc., DSM Animal Nutrition, BASF SE, Biomin, Adisseo, among others.
APAC Swine Feed Premix Market Leaders
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Cargill, Incorporated.
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DSM Animal Nutrition
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BASF SE
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Biomin
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Adisseo
*Disclaimer: Major Players sorted in no particular order
APAC Swine Feed Premix Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Study Deliverables
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Ingredients
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Minerals
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5.1.6 Other Ingredients
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5.2 Geography
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5.2.1 China
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5.2.2 India
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5.2.3 Japan
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5.2.4 Australia
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5.2.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Cargill, Incorporated
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6.3.2 DSM Animal Nutrition
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6.3.3 BASF SE
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6.3.4 Biomin
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6.3.5 Adisseo
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6.3.6 Godrej Agrovet
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6.3.7 Land O Lakes, Inc.
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6.3.8 Alltech, Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Swine Feed Premix Industry Segmentation
Premixes are mixtures of one or more essential animal nutrients mixed by the livestock farmers with the home-grown feed to provide animals optimum nutrition. Based on the FAO data, feed premix is defined as a uniform mixture of certain micro-ingredients, which includes vitamins, minerals, antibiotics, and other drugs, with a diluent or carrier. The purpose of these premixes is to enable uniform dispersion of the micro-ingredients in the overall feed mix. These premixes can be used in the manufacturing process or even by the farmer in preparing an on-farm feed formulation.
| Ingredients | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredients |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
APAC Swine Feed Premix Market Research FAQs
What is the current Asia-Pacific Swine Feed Premix Market size?
The Asia-Pacific Swine Feed Premix Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Swine Feed Premix Market?
Cargill, Incorporated., DSM Animal Nutrition, BASF SE, Biomin and Adisseo are the major companies operating in the Asia-Pacific Swine Feed Premix Market.
What years does this Asia-Pacific Swine Feed Premix Market cover?
The report covers the Asia-Pacific Swine Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Swine Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Swine Feed Premix Industry Report
Statistics for the 2024 Asia-Pacific Swine Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific 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.
