Swine Feed Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 108.15 Billion |
| Market Size (2029) | USD 134.76 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Swine Feed Market Analysis
The Swine Feed Market size is estimated at USD 108.15 billion in 2024, and is expected to reach USD 134.76 billion by 2029, at a CAGR of 4.5% during the forecast period (2024-2029).
- Across the globe, swine livestock production is expanding to meet the evolving dietary needs of populations, especially in developing markets. For instance, as per USDA data, globally swine meat production rose from 114.62 million metric tons in 2022 to 116.3 million metric tons in 2023. Beyond the surging demand for animal protein and the industrialization of livestock production, the swine feed market is also being propelled by a heightened emphasis on animal welfare and sustainability. As consumers increasingly prioritize the origin and quality of their food, there's a notable uptick in demand for products sourced from animals raised under humane and sustainable conditions. This shift is catalyzing the adoption of innovative feeding practices and technologies that not only enhance animal welfare but also mitigate environmental impacts.
- The livestock sector in the global market, especially in Asia-Pacific, is increasingly becoming industrial, with many farmers remaining small and marginal in countries like India and China. With many live swine animals, Asia-Pacific is the leading feed-consuming region in the world, followed by Europe, and thus, they have a direct impact on the swine feed market. The increasing scale of livestock production in the regions has contributed to the increase in feed production capacities in the region's major economies, such as China, India, Russia, and Spain.
- The presence of major and numerous market players in the United States, Brazil, China, and Japan and a large number of small and medium players in the global market led to a competitive environment. The expansion activities and new product launches served as the major strategies adopted by the global companies in the swine feed industry, to capture the market share in the global swine feed market. For instance, in 2021, De Heus acquired a feed manufacturing company Coppens Diervoeding, a Netherland-based company specializing in the pig farming sector. This acquisition helped the company to increase its production capacity by 400k and strengthen its regional presence.
Swine Feed Market Trends
Cereals are the Significant Segment by Ingredients Type
There has been increasing pressure on the livestock industry to meet the rising demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. With greater awareness among the population regarding the importance of protein-rich diets, an increase in the consumption of animal protein sources is anticipated to fuel the growth of the market through the usage of high-quality feed like cereals, as pork is one of the most popular and widely consumed meats worldwide, majorly in Europe and Southeast Asia. For instance, according to FAOSTAT, swine meat production was 121.0 million metric tons in 2021, which increased by 122.6 million metric tons in 2023.
Cereals are the most common and widely used ingredient in swine feed worldwide. Cereals are a primary energy source, and they are used extensively in feed manufacturing. Corn, barley, and sorghum are the most common types of cereal ingredients used in the manufacturing of swine feed. Wheat and wheat gluten are the most efficient and cost-effective feed-binding ingredients. The glutinous nature of wheat makes it an excellent pelleting aid, and it often enhances pellet durability (particularly in rations), with little need for other natural binders. Byproducts and distillers’ grains are low in carbohydrates, which are required to bind pellets properly. Thus, they are less frequently used in industry. The several uses of binders in swine feed increase the demand for the same in the feed industry, thereby driving the market's growth.
Asia-Pacific Region Dominates the Market
Asia is the leading pork consumption and production market, accounting for about half of the world's production. The Asia-Pacific region is the largest market for swine feed products due to the huge pork meat consumption. Southeast Asia is the world's largest producer and exporter of pork, followed by Europe and North America. Pork meat has been consumed in the region since ancient times and is the most preferred meat due to its fat content and taste. China is the primary market for pork production, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Japan, South Korea, and Taiwan are the saturated markets for pork consumption, while Vietnam and the Philippines are emerging markets.
China holds the topmost position in terms of compound feed consumption. Factors, such as the increasing consumption of pork, rising income among the middle-class population, and urbanization, are leading to increased consumption of pork in the country. For instance, according to the OECD, China's consumption of swine meat was 55,546.4 thousand metric tons which increased by 56,290.0 thousand metric tons in 2023. Consequently, the increased demand for meat and rising costs of raw materials for animal consumption are driving the demand for swine feed.
In Australia, marketing campaigns promoting pork as a lighter and healthier meat have spurred a rise in consumption. This surge has catalyzed the swift industrialization of pork production in the country, with many large-scale operations embracing automation. Piggeries have evolved into specialized, high-tech factory farm complexes. Consequently, this transformation has bolstered the swine feed market in Australia. Data from the Australian Bureau of Statistics in 2021 revealed a fairly uniform distribution of pigs across the mainland. Notably, Queensland boasts the nation's largest pig herd, exceeding 607,000 head, accounting for nearly 27% of Australia's total.
Swine Feed Industry Segmentation
The global swine feed market is consolidated with major players like Cargill Inc., Nutreco NV, Land O' Lakes Inc., Charoen Pokphand Foods PCL, and ADM. These major companies are adopting strategies, such as mergers and acquisitions, expansion, and partnerships, to increase their market shares. The leading companies are focused on acquiring feed mills and small manufacturing facilities for the expansion of their businesses in domestic and international markets.
Swine Feed Market Leaders
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Cargill Inc.
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Land O' Lakes Purina
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Nutreco NV
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Archer Daniels Midland
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Charoen Pokphand Foods PCL
*Disclaimer: Major Players sorted in no particular order
Swine Feed Market News
- January 2023: Cargill expanded their partnership with BASF in the animal nutrition business, adding research and development capabilities and new markets to the partners' existing feed enzyme distribution agreements. This partnership helped develop, produce, market, and sell customer-centric enzyme products and solutions for animals, including swine.
- May 2022: ADM company acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation. The acquisition helps with providing a wide range of products to meet Asia's demand in the animal nutrition market.
Swine Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Demand for High-Value Animal Protein
4.1.2 Industrialization Of Livestock Production
4.1.3 Increased Awareness Regarding the Quality and Safety of Pork
4.2 Market Restraints
4.2.1 Competition For Raw Material with Other Industries
4.2.2 Challenging Regulatory Conditions
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of Substitute Products
4.3.4 Threat of New Entrants
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredients
5.1.1 Cereals
5.1.2 Cereals by products
5.1.3 Oilseed Meal
5.1.4 Oils
5.1.5 Molasses
5.1.6 Supplements
5.1.7 Other Ingredients
5.2 Supplements
5.2.1 Antibiotics
5.2.2 Vitamins
5.2.3 Antioxidants
5.2.4 Amino Acids
5.2.5 Enzymes
5.2.6 Acidifiers
5.2.7 Other Supplements
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Germany
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Charoen Pokphand Foods
6.3.2 Cargill Inc.
6.3.3 Land O' Lakes Inc.
6.3.4 Alltech Inc.
6.3.5 Archer Daniels Midland Company
6.3.6 KENT Nutrition Group
6.3.7 Forfarmers BV
6.3.8 DLG Group
6.3.9 Nutreco NV
6.3.10 J.D. Heiskell & Co.
6.3.11 De Heus BV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Swine Feed Industry Segmentation
Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics. The Swine Feed Market is Segmented by Ingredient (Cereals, Cereal By-Products, Oilseed Meal, Oils, Molasses, Supplements, and Other Ingredients), Supplements (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Acidifiers), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD) for the above-mentioned segments.
| Ingredients | |
| Cereals | |
| Cereals by products | |
| Oilseed Meal | |
| Oils | |
| Molasses | |
| Supplements | |
| Other Ingredients |
| Supplements | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Acidifiers | |
| Other Supplements |
| Geography | |||||||||
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Swine Feed Market Research FAQs
How big is the Swine Feed Market?
The Swine Feed Market size is expected to reach USD 108.15 billion in 2024 and grow at a CAGR of 4.5% to reach USD 134.76 billion by 2029.
What is the current Swine Feed Market size?
In 2024, the Swine Feed Market size is expected to reach USD 108.15 billion.
Who are the key players in Swine Feed Market?
Cargill Inc., Land O' Lakes Purina, Nutreco NV, Archer Daniels Midland and Charoen Pokphand Foods PCL are the major companies operating in the Swine Feed Market.
Which is the fastest growing region in Swine Feed Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Swine Feed Market?
In 2024, the Asia Pacific accounts for the largest market share in Swine Feed Market.
What years does this Swine Feed Market cover, and what was the market size in 2023?
In 2023, the Swine Feed Market size was estimated at USD 103.28 billion. The report covers the Swine Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Swine Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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