North American Swine Feed Market Outlook 2031:
The North American swine feed market size was valued at USD 18.68 Billion in 2022 and is projected to reach USD 25.86 Billion by 2031, expanding at a CAGR of 3.68% during the forecast period 2023 - 2031. The growth of the market is attributed to the consumers are becoming more conscious of the nutritional value of pork.
Swine feed often referred to as pig feed, is made up of a variety of nutrients derived from both animals and plants sources, with the primary ingredients being soy meal, cornmeal, barley, sorghum, wheat, vitamins, minerals, and antibiotics. In the market, swine feed comes in a variety of forms, including crumbs, mash, and pellets. Swine feed in the form of pellets is the most preferred among swine producers. Pigs get nutrition from swine feed. As a result, the swine feed market has grown in terms of money.
Grower pigs are neonatal pigs who develop at a higher rate than other pigs. Grower pigs have a higher ability for protein deposition and a higher feed exchange rate. The average daily intake throughout the growth period is around 1 kg. When the younger gilt gives birth to a piglet, it is referred to as a sow.
Sow feed is primarily comprised of elements that assist sows to get the energy, vitamins, protein, minerals, and amino acids they need. This type of product meets the demands of sows and allows them to stay healthy when lactating.
North American Swine Feed Market Trends, Drivers, Restraints, and Opportunities
- Rising of fast service restaurants in the United States and abroad, as well as nutrition disorders, is anticipated to spur the market expansion during the forecast period.
- Industrial swine production has increased, and technological advancements have occurred, which are key factors propelling the market growth in the coming years.
- Increasing demand for high-quality meat products by the customers is estimated to boost the market expansion during the forecast period.
- Heavy spending is estimated to hamper the market growth.
- Incidences of novel ailments are projected to impede the market expansion.
- Organic swine feed is becoming more preferred as people become more concerned about their health and ethical issues are expected to offer lucrative opportunities for the market players.
Scope of the North American Swine Feed Market Report
The report on the North American swine feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North American Swine Feed Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Cereals, Oilseed Meals, Molasses, Oil, Cereal By-products, Supplements, and Others), and Supplement Types (Enzymes, Antibiotics, Vitamins, Acidifiers, Anti-oxidants, Probiotics & Prebiotics, Amino Acids, and Others)
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Geography
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Canada, Mexico, United States, the Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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United Animal Health; GVF Group of Companies; Provimi North America, Inc.; Alltech; Kent Nutrition Group; Lallemand Inc.; ADM Animal Nutrition; Land O Lakes Inc.; and Cargill, Incorporated
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North American Swine Feed Market Segment Insights
Cereals segment is projected to constitute a key market share
Based on types, the North American swine feed market is divided into cereals, oilseed meals, molasses, oil, cereal by-products, supplements, and others. The cereals segment is expected to hold a key share of the market during the forecast period due to corn and soybeans account for the majority of the diet. Corn is a good source of energy, and soybeans are a good source of protein.
They also eat sorghum and wheat, among other grains. The most preferred and greatest source of nourishment for pigs is farm grains. Corn-based feeds are most often used since they are rich in digestible carbs, low in fiber, and inexpensive. Supplements can be used by farmers to guarantee that their pigs receive the nutrients they require.
Many pigs in the United States, particularly in the Midwest, are fed corn and soybean meal, which are historical primary ingredients. Wheat and sorghum are also utilized when they are accessible, and canola meals can be used to replace some soybean meal when it becomes more cost-effective to import from Canada.
Probiotics & prebiotics segment is expected to grow at a robust pace
On the basis of supplement types, the market is segmented into enzymes, antibiotics, vitamins, acidifiers, anti-oxidants, probiotics & prebiotics, amino acids, and others. The probiotics & prebiotics segment is expected to constitute a key share of the market in the coming years owing to probiotics are live bacteria, when given in sufficient proportions, provide the host with a variety of health benefits.
They are a type of feed additive that can be used to refill the intestinal microbial population while also restoring the host's immune response. Probiotics can increase digestive health, nutritional digestibility, and hence enhance nutritional properties and growth performance in pigs, in addition to their diarrhea reduction and antitoxin benefits.
On the other hand, the vitamins segment is anticipated to expand at a rapid pace during the forecast period owing to swine serve many vital metabolic activities in the body, swine require various essential minerals and vitamins in their feed for optimal performance.
United States is expected to dominate the market
On the basis of geography, the North American swine feed market is classified as Canada, Mexico, United States, the Rest of North America. United States is anticipated to dominate the market at an impressive CAGR during the forecast period. The country’s market growth can be attributed to its size, climatic characteristics, and economy.
In response to the expanding impact of Asian cuisine and delicacies, and also the increased demand for pork and bacon sausages in the country, the United States, the world's third-largest pork manufacturer, has seen a rise in demand for high-quality pork. As a result, the need for swine feed can increase to meet domestic consumption.
The United States is one of the main regions in the swine feed industry due to technical developments, population growth, and significant market investments. Pork consumption and production in the United States are very substantial, due to pork's high protein content and lower fat and cholesterol content than beef as well as other meat sources. It supplies consumers with a protein-rich meat source at a minimal price, making it an inexpensive animal meat option. ?
Segments
The North American swine feed market has been segmented based on
Types
- Cereals
- Oilseed Meals
- Molasses
- Oil
- Cereals By-products
- Supplements
- Others
Supplement Types
- Enzymes
- Antibiotics
- Vitamins
- Acidifiers
- Anti-oxidants
- Probiotics & Prebiotics
- Amino Acids
- Others
Geography
- Canada
- Mexico
- United States
- the Rest of North America
Key Players
Competitive Landscape
Key players competing in the North American swine feed market include United Animal Health; GVF Group of Companies; Provimi North America, Inc.; Alltech; Kent Nutrition Group; Lallemand Inc.; ADM Animal Nutrition; Land O Lakes Inc.; and Cargill, Incorporated.
Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
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