Swine Feed Market Size (2024 - 2029)

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 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.