Swine Feed Market: Wheat Remains the Top Selling Swine Feed Ingredient

Posted by Arslan on February 6th, 2019

 Fact.MR’s recently published report projects that the global swine feed market will reach a valuation in excess of US$ 160,100 Mn by the end of 2022. Swine feed is considered to be a potent source of nutrients that are essential for proper growth of pigs. Swine feed consist of healthy additives that greatly enhances food quality. Over the recent years, demand for swine feed has increased to a notable extent since a majority of pig farms are now focused on supplying high-quality feed to pigs. In modern pig farms, a large portion of investment is dedicated to procurement of high-grade swine feed in order to ensure healthy breeding and greater meat production.

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https://www.factmr.com/report/290/swine-feed-market

Swine feed is prepared using ingredients such as soybean oil, corn, alfalfa barley, sorghum and canola, making it a potent source of nutrients.  For pigs to grow healthily, it is important that they receive vital nutrients such as vitamins, protein, minerals, carbohydrates and water.  Swine feed offers most of these nutrients apart from water. Besides, farmers have the flexibility to mix additional ingredients or rearrange the proportion of any particular ingredient present in the feed according to the requirement. This, in turn, allows farmers to create the best-possible diet for pigs for optimal growth.

Among regions, demand for swine feed is relatively high in the Asia-Pacific excluding Japan (APEJ) region and the trend is likely to continue throughout the projection period. The market in the region is expected to soar at a steady pace during 2017 to 2022. This is primarily attributed to existence of a massive pork meat industry in China. In addition, China is among the leading countries in the world that account for highest pork production and consumption. North America and Europe are also expected to account for significant share of the global market for swine feed during the forecast period.

On the basis of diet type, the starter diets segment is expected to retain its top position over 2022. The segment currently commands for close to 26% revenue share of the global market. The starter diest segment is projected to reach a market valuation in excess of US$ 42,700 Mn by end of the projection period

Wheat – Top Selling Swine Feed Ingredient

Demand for wheat for preparation of swine feed is likely to remain relatively high as compared to other feed ingredients. Wheat currently command for close to 22% revenue share of the global market. Global sales of wheat for preparation of swine feed is estimated to bring in over US$ 36,370 Mn in revenues by 2022-end.

Competition Tracking

Some of the key companies functioning in the global swine feed market include Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Cargill Inc., Koninklijke DSM N.V., Nutreco N.V., Ridley Corporation Limited, Kent Nutrition Group Inc., Purina Animal Nutrition LLC., and BENEO GmbH.