Overview and Scope
Swine feed minerals refer to swine feed with a sufficient amount of energy, protein, minerals, and vitamins. Pigs require protein sources to grow and to improve performance. These minerals are used as feed for pigs.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Top Major Players
Alltech
Archer Daniels Midland Company
Cargill Inc.
Charoen Pokphand Foods Public Company Limited
Kent Corporation
Asia-Pacific was the largest region in the swine feed minerals market in 2023. The regions covered in the swine feed minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the swine feed minerals market report are Alltech, Archer Daniels Midland Company, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Kent Corporation, Nutreco N. V., BASF SE, Land O’Lakes Inc., CHR. Hansen Holdings A/S, Lallemand Inc., Novus International Inc., De Heus B. V., Forfarmers B. V., J. D. Heiskell & Company Inc., Associated British Foods plc, Keystone Mills Inc., Koninklijke DSM N. V., Purina Mills LLC, New Hope Group Co. Ltd., Guangdong Haid Group Co. Ltd., Zhengbang Group Co. Ltd., Guangxi Yangxiang Co. Ltd., COOPERL Atlantic Arc, Iowa Select Farms Inc., Beijing Dabeinong Technology Group Co. Ltd., COFCO Group, Vall Companys Group, Seara Foods, The Maschhoffs, Miratorg Agribusiness Holding, Muyuan Foodstuff Co. Ltd., Wens Food Group Co. Ltd., Triumph Foods
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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31. Global Swine Feed Minerals Market Competitive Benchmarking
32. Global Swine Feed Minerals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Swine Feed Minerals Market
34. Swine Feed Minerals Market Future Outlook and Potential Analysis
35. Appendix
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