North American Swine Feed Market Analysis, Industry [2031]
North American Swine Feed Market Analysis, Industry [2031]
Segments - North American Swine Feed Market by Types (Cereals, Oilseed Meals, Molasses, Oil, Cereal By-products, Supplements, and Others), Supplement Types (Enzymes, Antibiotics, Vitamins, Acidifiers, Anti-oxidants, Probiotics & Prebiotics, Amino Acids, and Others), Geography (Canada, Mexico, United States, the Rest of North America)- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :HC-1803
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Report Description
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 |
Details |
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Report Title |
North American Swine Feed Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
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 |
Canada, Mexico, United States, the Rest of North America |
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Report Coverage |
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 |
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 |
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
- United Animal Health
- GVF Group of Companies
- Provimi North America, Inc.
- Alltech
- Kent Nutrition Group
- Lallemand Inc.
- ADM Animal Nutrition
- Land O Lakes Inc.
- Cargill, Incorporated
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.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Swine Feed Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Swine Feed Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Swine Feed Market - Supply Chain
4.5. Global Swine Feed Market Forecast
4.5.1. Swine Feed Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Swine Feed Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Swine Feed Market Absolute $ Opportunity
5. Global Swine Feed Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Swine Feed Market Size and Volume Forecast by Types
5.3.1. Cereals
5.3.2. Oilseed Meals
5.3.3. Molasses
5.3.4. Oil
5.3.5. Cereals By-products
5.3.6. Supplements
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Swine Feed Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Swine Feed Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Swine Feed Demand Share Forecast, 2019-2026
7. North America Swine Feed Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Swine Feed Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Swine Feed Market Size and Volume Forecast by Types
7.4.1. Cereals
7.4.2. Oilseed Meals
7.4.3. Molasses
7.4.4. Oil
7.4.5. Cereals By-products
7.4.6. Supplements
7.4.7. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Swine Feed Demand Share Forecast, 2019-2026
8. Latin America Swine Feed Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Swine Feed Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Swine Feed Market Size and Volume Forecast by Types
8.4.1. Cereals
8.4.2. Oilseed Meals
8.4.3. Molasses
8.4.4. Oil
8.4.5. Cereals By-products
8.4.6. Supplements
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Swine Feed Demand Share Forecast, 2019-2026
9. Europe Swine Feed Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Swine Feed Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Swine Feed Market Size and Volume Forecast by Types
9.4.1. Cereals
9.4.2. Oilseed Meals
9.4.3. Molasses
9.4.4. Oil
9.4.5. Cereals By-products
9.4.6. Supplements
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Swine Feed Demand Share Forecast, 2019-2026
10. Asia Pacific Swine Feed Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Swine Feed Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Swine Feed Market Size and Volume Forecast by Types
10.4.1. Cereals
10.4.2. Oilseed Meals
10.4.3. Molasses
10.4.4. Oil
10.4.5. Cereals By-products
10.4.6. Supplements
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Swine Feed Demand Share Forecast, 2019-2026
11. Middle East & Africa Swine Feed Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Swine Feed Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Swine Feed Market Size and Volume Forecast by Types
11.4.1. Cereals
11.4.2. Oilseed Meals
11.4.3. Molasses
11.4.4. Oil
11.4.5. Cereals By-products
11.4.6. Supplements
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Swine Feed Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Swine Feed Market: Market Share Analysis
12.2. Swine Feed Distributors and Customers
12.3. Swine Feed Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. United Animal Health
12.4.2. GVF Group of Companies
12.4.3. Provimi North America, Inc.
12.4.4. Alltech
12.4.5. Kent Nutrition Group
12.4.6. Lallemand Inc.
Methodology
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