The South America swine feed market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. Growth of the market is attributed to rising demand for pork meat.
Swine feed, also known as pig feed, is made up of a variety of nutrients derived from both plant and animal sources, with the primary ingredients being soy meal, maize, barley, wheat, sorghum, minerals, vitamins, and antibiotics. In the market, swine feed comes in a variety of forms, including mash, crumbs, and pellets. Swine feed ensures that pigs receive adequate nourishment on a regular basis. Furthermore, swine feed helps pigs to develop fast. In order to have effective swine production, it is critical to develop a planned dietary program for the pigs in contemporary pig farming. Swine feed is made with components including soybean oil, corn, alfalfa barley, sorghum, and canola oil, making it a high-nutrient source. It is critical that pigs obtain essential nutrients such as vitamins, protein, minerals, carbs, and water in order to develop properly. Pork consumption is increasing across the world, which has a direct influence on swine feed demand. Rising demand for high-quality pork is boosting the worldwide swine feed sales. The covid-19 pandemic affected the demand and supply of the swine feed market in South America. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Growing consumer awareness about high-quality meat is estimated to fuel the market during the forecast period.
- Increased livestock production is the key factor propelling the market.
- Rising demand for chemical free meat is the major factor fueling the market.
- Threat of substitute products act as major challenge that can hinder the market expansion in the coming years.
- Increased disposable income and expanding pork consumption in significant areas of the region is expected to create lucrative opportunities for the market players.
Scope of the Report
The South America swine feed report on the 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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Swine Feed Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Ingredients (Cereals, Cereal by-products, Oilseed Meal, Oils, Molasses, Supplements, and Others), Supplements (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Acidifiers)
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Geographical Scope
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Brazil, Argentina, and Rest of South 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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Trouw Nutrition (Nutreco NV), Alltech, Inc., Archer Daniels Midland Company, Purina Mills Inc. (Land O Lakes), and Cargill Inc.
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Market Segment Insights
The amino acid segment is projected to hold a major market share
On the basis of supplements, the South America swine feed market is segregated into antibiotics, vitamins, antioxidants, amino acids, enzymes, and acidifiers. The amino acid segment is expected to represent a key share of the market during the forecast period. Growth of the market is attributed to rising awareness about side effect of feed additives on swine health and increasing per capita income of customers. However, the vitamins segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives and compound feed sector and maintenance of high farming standards.
The cereals segment accounts for a key share of the market
On the basis of ingredients, the swine feed market is segmented into oil seed meal, oils, molasses, cereal by products, supplements, cereals, and others. The cereals segment accounts for a key share of the market. Growth of the market is attributed to increasing supply of quality products and increased demand for high-value animal protein. The molasses segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increased industrial livestock production and rising demand for vitamins.
Brazil is expected to hold a major market share
On the basis of geography, the South America swine feed market is classified as Brazil, Argentina, and Rest of South America. The market of Brazil is anticipated to expand at a high CAGR during the forecast period. Brazil is the leading exporter of live pigs in South America. Brazilian farmers choose high-quality feed for raising their pigs since pig meat quality is important parameters in determining export value. According to the ITC trade map, export value grew from USD 4.2 million in 2017 to USD 6.5 million in 2019. Swine feed ingredients in the nation include rice bran, broken rice, maize, soya beans, cassava, and vegetables.
Segments
Segments Covered in the Report
The South America swine feed market has been segmented on the basis of
Ingredients
- Cereals
- Cereal by-products
- Oilseed meal
- Oils
- Molasses
- Supplements
- Others
Supplements
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Enzymes
- Acidifiers
Geography
- Brazil
- Argentina
- Rest of South America
Key Players
- Trouw Nutrition (Nutreco NV)
- Alltech, Inc.
- Archer Daniels Midland Company
- Purina Mills Inc. (Land O Lakes)
- Cargill Inc.
Competitive Landscape
Key players competing in the South America swine feed market include Trouw Nutrition (Nutreco NV), Alltech, Inc., Archer Daniels Midland Company, Purina Mills Inc. (Land O Lakes), and Cargill Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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