North America Swine Feed Market Size (2024 - 2029)

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 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.