North America Swine Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 18.20 Billion |
| Market Size (2029) | USD 18.89 Billion |
| CAGR (2024 - 2029) | 4.65 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Swine Feed Market Analysis
The North America Swine Feed Market size is estimated at USD 18.20 billion in 2024, and is expected to reach USD 18.89 billion by 2029, at a CAGR of 4.65% during the forecast period (2024-2029).
North America's swine feed market plays a pivotal role in bolstering the region's pork production. Spanning the U.S., Canada, and Mexico, this market boasts a multi-billion-dollar valuation. The U.S., being the foremost player in both pork production and export, stands as the market's largest contributor. For instance, according to USDA data, U.S. swine meat production increased from 11.25 million metric tons in 2022 to 12.39 million metric tons in 2023.
North American country's demand for meat and premium animal protein surges, and the livestock industry feels the strain. Factors like population growth, rising incomes in developing nations, and urbanization have spurred North American livestock production. With a growing awareness of the benefits of protein-rich diets, the U.S. and Canada, where pork reigns as a favored meat, are poised for a market boost. This is especially true with the anticipated uptick in high-quality feed usage, such as cereals. For instance, as per OECD, U.S. swine meat consumption was at 10,119.3 thousand metric tons and Canada's at 820.4 thousand metric tons in 2022.
In addition to the surging appetite for animal protein and the industrialization of livestock production, the North American swine feed market is witnessing a boost from a growing focus on animal welfare and sustainability. As consumers become more discerning about their food's origin and quality, there's a marked increase in demand for products from animals raised in humane and sustainable environments. This consumer shift is driving the adoption of advanced feeding practices and technologies, enhancing animal welfare and reducing environmental footprints.
North America Swine Feed Market Trends
Cereals are the Significant Segment by Ingredients Type
In recent years the consumer demand for animal protein rich in the form of meat products has increased significantly in North America. This influences the feed to produce delicious, disease-free, and healthy meat. Furthermore, the demand for pig meat-based products such as ham, salami, bacon, and others has contributed to market growth. Additionally, pork is the most popular and widely consumed meat source worldwide, mostly in North American countries. Pork is cheaper than other meat sources, which is a major factor in its high consumption. In addition, its palatability, fat content, and texture fascinate the consumer. The large middle-class population, growing disposable income, and changing consumer preferences are levitating pork demand.
Pork production and consumption are very high in developed countries, such as the United States, Canada, and Mexico. For instance, according to USDA, the production of pork meat in the year 2023 in Canada and the United States was observed at 2.11 million metric tons and 12.39 million metric tons respectively. This high amount of pork meat produced in the country has led to an increase in the consumption of swine feed leading to the high production of feed including cereals in the region.
In North America, 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. The several uses of cereals in swine feed increase the demand for the same in the feed industry, thereby driving the market's growth.
United States Dominates the Market
In North America, the U.S. stands out as a leading pork consumer, alongside Canada and Mexico, driving a heightened demand for swine feed. As the third-largest pork producer, the U.S. is experiencing a surge in demand for premium pork. This uptick is largely attributed to the growing popularity of Asian dishes—like char siu, bulgogi, and banh mi—and an escalating appetite for bacon and pork sausages. Consequently, this rising domestic consumption is likely to amplify the demand for swine feed. Though the country is among the major pork meat producers, they import pork meat to fulfill the consumer's demand. The import of pork meat in the country has also been observed to be increasing for the past two years due to the high demand for pork meat in the country. For instance, according to ITC Trade Map, the total import volume of pork meat was 316,796 metric tons which increased to 409,805 metric tons in the year 2022.
The government in the United States is also focusing on boosting the production of meat including pork meat in the country which will further drive the market for Swine Feed in the country. For instance, in April 2023, the government announced the availability of up to USD 125 million through a new grant program to the meat farmers including pork meat that will create more options for the farmers in the country.
North America Swine Feed Industry Overview
The North America swine feed is highly concentrated with a few large players acquiring a major part of the market share. Acquisition, product launch, partnerships, and expansion are the major strategies employed by these companies. Some of the major players in the market include Cargill, Incorporated, Land O’ Lakes Inc., ADM Animal Nutrition, Lallemand Inc., and Kent Nutrition Group.
North America Swine Feed Market Leaders
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Cargill, Incorporated
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Land O’ Lakes Inc.
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ADM Animal Nutrition
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Lallemand Inc.
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Kent Nutrition Group
*Disclaimer: Major Players sorted in no particular order
North America 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.
- November 2022: ADM has unveiled two new products, SUCRAM M'I Sweet and SUCRAM Specifeek, under its SUCRAM range. These in-feed sweetening solutions, crafted by ADM's global feed additives division, Pancosma, aim to boost the palatability of feed, especially for young animals like weanling pigs.
North America 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 Overview
4.2 Market Drivers
4.2.1 Growing Need for Supplements to Boost Productivity
4.2.2 Increased Demand for Animal Protein
4.2.3 Government Support
4.3 Market Restraints
4.3.1 Price Volatility of Raw Materials
4.3.2 Disease Outbreak such as African Swine Fever
4.4 Porter's Five Forces Framework
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.1 Cereals
5.1.2 Cereal By-products
5.1.3 Oilseed Meals
5.1.4 Oil
5.1.5 Molasses
5.1.6 Supplements
5.1.7 Others
5.2 Supplement Type
5.2.1 Vitamins
5.2.2 Amino Acids
5.2.3 Antibiotics
5.2.4 Enzymes
5.2.5 Anti-oxidants
5.2.6 Acidifiers
5.2.7 Probiotics & Prebiotics
5.2.8 Others
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 Land O Lakes Inc.
6.3.3 ADM Animal Nutrition
6.3.4 Lallemand Inc.
6.3.5 Kent Nutrition Group
6.3.6 Alltech
6.3.7 GVF Group of Companies
6.3.8 United Animal Health
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America 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 North American swine Feed Market is Segmented By Ingredients (Cereals, Cereal By-products, Oilseed meal, Oils, Molasses, Supplements, and Others), Supplements (Antibiotics, Vitamins, Antioxidants, Amino acids, Enzymes, and Acidifiers), and Geography (the United States, Canada, Mexico, and the Rest of North America). The report offers market size and forecasts in terms of value (USD) and Volume (metric tons) for all of the above.
| Ingredient Type | |
| Cereals | |
| Cereal By-products | |
| Oilseed Meals | |
| Oil | |
| Molasses | |
| Supplements | |
| Others |
| Supplement Type | |
| Vitamins | |
| Amino Acids | |
| Antibiotics | |
| Enzymes | |
| Anti-oxidants | |
| Acidifiers | |
| Probiotics & Prebiotics | |
| Others |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Swine Feed Market Research FAQs
How big is the North America Swine Feed Market?
The North America Swine Feed Market size is expected to reach USD 18.20 billion in 2024 and grow at a CAGR of 4.65% to reach USD 18.89 billion by 2029.
What is the current North America Swine Feed Market size?
In 2024, the North America Swine Feed Market size is expected to reach USD 18.20 billion.
Who are the key players in North America Swine Feed Market?
Cargill, Incorporated, Land O’ Lakes Inc., ADM Animal Nutrition, Lallemand Inc. and Kent Nutrition Group are the major companies operating in the North America Swine Feed Market.
What years does this North America Swine Feed Market cover, and what was the market size in 2023?
In 2023, the North America Swine Feed Market size was estimated at USD 17.35 billion. The report covers the North America Swine Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Swine Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Swine Feed Industry Report
Statistics for the 2024 North America Swine Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Swine Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
North America Swine Feed Market Report Snapshots
