Product ID: SQSG30C2027
Global Swine Feed Market Size, Share, Growth Analysis, By Type(Starter Feed, Sow Feed), By Form(Pellets, Mash), By Additives(Vitamins & Minerals, Amino acids) - Industry Forecast 2024-2031
Report ID:
SQSG30C2027 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
92 |
Figures:
76
Global Swine Feed Market Regional Insights
The Asia Pacific region accounted for the largest market share and dominated the global swine feed market during the year 2021. Countries such as China, Japan, South Korea, Malaysia, and others are expanding significantly in pig meat consumption, which is functioning as the main driver for the increased usage of swine feed across the region. China alone is responsible for a large share of pork production and export globally. Some of the most important elements driving the expansion of the market are the high profits associated with pork production in various economies, such as low farm costs, low labor costs, robust pork production, and a well-established distribution network. Market expansion is expected to be aided during the forecast period by factors including a growing urban population and high purchasing power among consumers in various Asian countries.
The rising demand for high-quality swine meat and other products across North America is expected to lead to significant growth in the region during the analysis period. The US is predicted to boost the market due to the presence of key industry players such as Archer Daniels Midland, Kent Nutrition, Cargill Incorporated, and others. The potential expansion of the quality swine feed sector in nations like the US and Canada is related, in part, to the significant profits made from pork exports. Due to a rapid expansion in swine headcount across the region, Brazil is expected to hold a significant share of the regional market. In the last decade, the country has become a major exporter of pork.
Global Swine Feed Market Report Snapshots
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