Swine Feed Market - By Ingredients (Corn, Soyabean Meal, Oats, Rice bran, Cassava, Vegetables, Sorghum, Wheat), Type (Starter feed, Sow feed, Grower feed), Form (Pellets, Mash, Crumbles) & Forecast, 2024 – 2032

Swine Feed Market Size

Swine Feed Market size was valued at around USD 103.53 billion in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 and 2032. With the increasing demand for pork products, particularly in regions like Asia, the swine feed industry continues to expand. The market is characterized by a wide range of feed types tailored to different stages of swine growth, including starter, grower, finisher, and lactation feeds.
 

These feeds are formulated to provide essential nutrients such as protein, energy, vitamins, and minerals required for optimal swine health and growth. The market is also influenced by advancements in feed technology, including the incorporation of additives such as enzymes, probiotics, and prebiotics aimed at enhancing feed efficiency and overall swine performance. Additionally, sustainability concerns and regulations regarding feed composition and additives play a significant role in shaping market trends.

With a rising global population and expanding middle class, particularly in regions like Asia, North America, there is a parallel surge in the consumption of pork. This escalating demand necessitates an efficient and reliable supply of swine, thereby fueling the demand for quality swine feed. Additionally, changing dietary preferences and an increasing awareness of the nutritional benefits of pork further amplify this demand, creating opportunities for feed manufacturers to cater to a growing market.
 

Swine Feed Market Trends

One significant trend is the increasing adoption of specialized feed formulations tailored to the nutritional needs of pigs at different stages of growth. This trend is fueled by a growing understanding of the importance of balanced diets in maximizing swine health, productivity, and overall performance. Moreover, there is a rising preference for feed additives such as enzymes, probiotics, and prebiotics aimed at enhancing digestive health, immunity, and feed efficiency in swine production systems.
 

Another prominent trend is the shift towards sustainable and eco-friendly feed ingredients, driven by consumer demand for ethically sourced and environmentally responsible products. This has led to the incorporation of alternative protein sources such as soybean meal, distillers dried grains with solubles (DDGS), and insect meal into swine feed formulations, reducing reliance on conventional feed ingredients like soybean and fishmeal.
 

Furthermore, advancements in feed processing technologies are enabling feed manufacturers to produce high-quality pellets and extruded feeds with improved nutrient digestibility and reduced feed wastage, thereby enhancing feed efficiency and profitability for swine producers. Overall, these trends indicate a dynamic and evolving landscape in the market, characterized by a focus on nutrition, sustainability, and technological innovation to meet the growing demands of the global swine industry.
 

Swine Feed Market Analysis

Based on ingredients, the market is divided into corn, soyabean meal, oats, rice bran, cassava, vegetables, sorghum, wheat and other. Corn held the dominant market share of USD 40.6 billion in 2023 and is estimated to reach USD over 58 billion by 2032. corn and soybean meal dominate the market share due to their high nutritional value and widespread availability. Corn serves as a primary source of energy, while soybean meal provides essential proteins necessary for swine growth and development.
 

Oats and wheat also contribute to the market share, offering additional energy and fiber to swine diets. Rice bran and cassava, although lesser in proportion, provide alternative sources of energy and nutrients, particularly in regions where they are abundant. Overall, the swine feed market exhibits a diverse range of ingredients, each contributing uniquely to the formulation of balanced diets essential for optimal swine health and performance.
 

Based on type, the swine feed market is categorized into starter feed, sow feed and grower feed. Starter feed accounted for over 60% market share in 2023 and is projected to grow over 64% through 2032. Starter feed provides essential nutrients crucial for piglet development and supports their transition from sow's milk to solid feed. Sow feed, designed specifically for pregnant and lactating sows, also maintains a substantial market share. This feed type is optimized to support the reproductive health of sows and ensure the proper development of piglets during gestation and lactation periods.
 

Based on form, the swine feed market is categorized into pellets, mash and crumbles. Pellets accounted for major market share in 2023 and is projected to grow through 2032. Pellets, characterized by their compressed and uniform shape, are a popular choice among swine producers due to their convenience in handling and feeding. They offer precise control over feed intake and nutrient consumption, promoting efficient feed utilization and minimizing waste. Mash, consisting of finely ground ingredients in loose form, also maintains a notable market share. Mash feed provides flexibility in feed formulation and is often preferred by producers who prefer to customize diets or incorporate additives easily.
 

Asia Pacific dominated the global swine feed market in 2023. It generated a revenue of USD 35.5 billion in 2023 and is expected to reach over USD 50 billion by 2032. With a large and growing population coupled with rising disposable incomes, countries in the Asia Pacific region witness substantial demand for pork products. China, in particular, stands out as a major player in the region, being the world's largest consumer and producer of pork. The demand for swine feed in China is driven by its extensive swine farming industry, catering to domestic consumption as well as export markets.
 

Moreover, countries like Vietnam, Thailand, and Indonesia also contribute significantly to the regional market, fueled by their burgeoning swine production sectors. The Asia Pacific region's diverse agricultural landscape and varying climatic conditions support the cultivation of feed ingredients such as corn, soybeans, and grains, ensuring a steady supply for the swine feed industry.
 

Swine Feed Market Share

In the market, the competitive landscape is characterized by a mix of established global players and regional contenders, resulting in a fragmented market structure. Among the key companies, Cargill Inc., Archer Daniels Midland (ADM) Company, and Nutreco stand out as major players with extensive reach and diversified product portfolios. These companies leverage their global presence, robust research and development capabilities, and strategic partnerships to maintain significant market share. Additionally, Alltech Inc. and AB Vista are notable contenders known for their innovative feed additives and nutritional solutions, catering to the evolving needs of swine producers.
 

In regional markets, companies such as CPF Worldwide, ForFarmers UK, and Growel Agrovet Private Limited hold strong positions, leveraging their local expertise and distribution networks to serve specific geographical areas effectively. Furthermore, Chr Hansen and Pancosma are recognized for their specialty feed additives, addressing niche segments within the swine feed market.
 

Despite the presence of these major players, smaller companies like KENT Feeds and DLG also play vital roles, particularly in niche markets or specialized feed formulations. These companies often focus on specific regions or segments, offering tailored solutions to meet the unique requirements of swine producers. Overall, the market remains fragmented, with competition driven by innovation, product differentiation, and the ability to provide tailored solutions to swine producers worldwide.
 

Swine Feed Market Companies

Major players operating in the swine feed industry include:

• AB Vista
• Alltech Inc.
• Archer Daniel Midland (ADM) Company
• Cargill Inc.
• Chr Hansen
• CPF Worldwide
• DLG
• ForFarmers UK
• Growel Agrovet Private Limited
• KENT Feeds
• Nutreco
• Pancosma
• Purina Mills

Swine Feed Industry News

• In January 2023, Cargill strengthened its collaboration with BASF in animal nutrition, enhancing research, development, and market access for feed enzymes. This expanded partnership aimed to develop and distribute customer-focused enzyme products and solutions, benefiting various animals, including swine.
   
• Elanco Animal Health Incorporated unveiled in July 2023 the integration of Microtracer technology into Skycis 100, a feed additive designed to enhance weight gain in growing-finishing swine.
   

The swine feed market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Ingredients

• Corn
• Soyabean Meal
• Oats
• Rice bran
• Cassava
• Vegetables
• Sorghum
• Wheat
• Other

Market, By Type

• Starter feed
• Sow feed
• Grower feed

Market, By Form

• Pellets
• Mash
• Crumbles

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA