The Swine Feed Minerals by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Swine Feed Minerals, The swine feed minerals market size has grown rapidly in recent years. It will grow from $136.23 billion in 2023 to $150.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to feed efficiency improvement, nutritional awareness, disease prevention, livestock intensification.The swine feed minerals market size is expected to see rapid growth in the next few years. It will grow to $221.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to population growth, focus on sustainable farming, regulatory changes, global economic trends. Major trends in the forecast period include technological advancements, increased demand for specialty minerals, rising adoption of precision nutrition, expansion of organic and natural feed additives, digitalization in farming, innovations in mineral delivery systems, market consolidation.
An increase in the demand for organic meat is expected to propel the growth of the swine feed minerals market going forward. Organic meat has health benefits as it has less saturated fat, fewer calories, and higher levels of healthy omega-3 acids. Farm owners are becoming more aware of the importance of feeding healthy pigs, and this in turn demands the best quality minerals for swine feeds. For instance, SPINS, a US-based wellness-focused data technology company, found that about 70% of millennial pet owners want natural and organic products for their pets. Therefore, the demand for organic meat is driving the growth of the swine feed minerals market.
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The swine feed minerals market covered in this report is segmented –
1) By Product: Starter Feed or Grower Feed, Sow Feed, Pig Grower Feed, Other Products
2) By Ingredients: Cereal, Oilseed Meal, Oil, Molasses, Other Ingredients
3) By Additives: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Other Additives
Product innovations are a key trend gaining popularity in the swine feed minerals market. Major companies operating in the swine feed minerals market are focused on developing new product solutions to strengthen their position. For instance, in November 2022, ADM, a US-based human and animal nutrition company, announced the launch of two products under its SUCRAM range, an in-feed sweetening solution for livestock species. The feed additives business, Pancosma, SUCRAM M’I Sweet, and SUCRAM Specifeek are sweeteners designed to improve the palatability of feed for young animals, particularly weanling pigs. Palatants and sweeteners are useful nutrition solutions to improve feed intake and enhance efficiencies for producers while also supporting animal health and well-being.
The swine feed minerals market report table of contents includes:
1. Executive Summary
2. Swine Feed Minerals Market Characteristics
3. Swine Feed Minerals Market Trends And Strategies
4. Swine Feed Minerals Market – Macro Economic Scenario
5. Global Swine Feed Minerals Market Size and Growth
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26. South America Swine Feed Minerals Market
27. Brazil Swine Feed Minerals Market
28. Middle East Swine Feed Minerals Market
29. Africa Swine Feed Minerals Market
30. Swine Feed Minerals Market Competitive Landscape And Company Profiles
Top Major Players:
- Alltech
- Archer Daniels Midland Company
- Cargill Inc
- Charoen Pokphand Foods Public Company Limited
- Kent Corporation
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