Swine Feed Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1437
Escalating demand for animal-sourced protein, including pork meat products is anticipated to accelerate swine feed market growth. Pork consumption has seen exponential growth in recent years, which has made adequate nutrition for swine livestock essential, generally through the incorporation of various additives to increase nutritional value and digestibility of swine fodder.
Swine feed is a specially formulated diet for pigs, consisting of various grains such as wheat, soy and ground corn, combined with other protein sources and additives. Swine fodder is essential to enhance the protein intake among pigs so as to build muscle and for overall body maintenance.
A major trend augmenting swine feed market demand is the incorporation of various additives in the feed to improve swine immunity and reduce the risk of diseases. With the surge in pork consumption, maintaining and improving the health of pigs has become essential, as infected or contaminated meat can lead to the onset of ailments among consumers. To avoid this, swine feed manufacturers are focusing on developing various supplements and additives to enrich their products.
For instance, Agrivida has recently started marketing its phytase enzyme-based feed additive, dubbed GRAINZYME, for use in swine feeds. The corn-based additive, which was previously used to improve poultry feeds, has a high enzyme concentration. Thus, the rising popularity of additive usage in enriching the diets of pigs is expected to add impetus to swine feed industry expansion over the forecast spell.
Sow feed is gaining prominence in the swine feed market, to cater to the nutrition needs of sows and to maintain optimum health during lactation. Sow feed comprises of minerals, proteins, vitamins and other energy-boosting ingredients that fulfill the nutritional requirements of sows.
Pellets are a common form of swine feed formulation. Swine feed pellets are highly palatable and contribute to higher feed efficiency and enhanced swine performance. Swine feed from the pellet segment is gaining significant traction owing to the rising inclination of farmers towards pellets, given more convenience in feeding applications and ADG (average daily gain) improvement.
The swine feed industry share is largely fragmented and consists of several key players including BASF, Archer Daniels Midland, Lallemand, Chr Hansen, Novus International (Mitsui & Co. (U.S.A.), Inc.), Cargill, ABF plc (Wittington Investments), Royal DSM, Kent foods and Alltech.
Mergers & acquisitions, product innovation and business expansion are some of the strategic decisions being adopted by these industry players to maintain a completive position in the swine feed market.
For example, Cargill has acquired Brazil-based swine feed manufacturer Beckers Indústria de Nutrição Animal Ltda., in an effort to expand its offerings across the swine nutrition sector in Brazil.
Also, De Haus has recently launched a new swine feed product in the Indian market. The product is designed to boost the immunity of the pigs and ensure optimum health as well as adequate weight gain.
The ongoing coronavirus pandemic has asserted a significant impact on nearly every aspect of human life, including on the industrial spectrum. The meat and milk industry, especially pork production, has taken a major hit from the pandemic, given the closure of restaurants and food outlets due to widely implemented social distancing and lockdown directives. Despite pork harvest plants remaining operational, the diminishing demand has caused considerable upheaval for the industry, in terms of both logistical issues as well as a decline in live hog prices, which in turn is likely to impact swine feed market dynamics.
However, recovery efforts by key swine farms such as social distancing measures and staggered worker schedules, in addition to the integration of contact tracing technologies to track the movement of the pig, etc. could eventually bring the pork demand to normalcy in the post-COVID-19 era.
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