Global Swine Feed Market Expected to Grow at A CAGR of
5.21% to Reach $105.1 Billion in 2019
The global swine feed market was valued at $81.5 billion in 2014, and is expected to
grow at a CAGR of 5.21% to reach $105.1 billion in 2019.
Pigs are farmed in many countries, though the main consuming countries are in Asia.
This is due to the significant international and even intercontinental trade in live and
slaughtered pigs. Asia-Pacific was the largest consumer in the swine feed additives
market in 2012, consuming 43% of the total market. Despite having the world’s
largest pig population, China is a net importer of pigs, and has been increasing its
imports during its economic development. The largest exporters of pigs are the United
States, the European Union, and Canada.
As a part of modern livestock management, feed additives play an important role in
animal nutrition. They improve the characteristics of the feed to render health benefits
by improving the digestibility and increasing the nutritional content and palatability of
the feed. A variety of feed additives are blended with the feed in varying quantities,
depending on the breed and growing phase as well as the surrounding environment,
and its impact on them.
The growth in pork production has simultaneously helped the growth of the swine
feed market, as feed cost is the major component, accounting for 70% to 80% of the
total cost of pig meat production. Therefore, the price of feed ingredients has a
substantial impact on the price of producing pork. Higher feed prices can quickly
convert profits into losses.
Key industry participants include Chr. Hansen, Lallemand, Brazil Foods, Addcon Group, Adisseo France, ADM,
Albion Laboratories, Aliphos, Alltech, Baileys Horse Feeds, Ballance Agri-Nutrients among others.
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Joanna | Executive –...