Global Swine Feed Premix Market - Growth, Trends and Forecasts (2022 - 2030)
The global swine feed premix market is forecasted to register a significant CAGR of 5.08% over the forecast period.
Increasing demand for high-value animal protein
There has been an increasing pressure on the livestock industry to meet the increasing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in the global livestock production.
Due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of gross domestic product than the industrialized countries 2-3 decades ago. Urbanization also contributes actively to the increased demand for pork meat. Compared with the diet in rural areas, cities have a varied diets rich in animal proteins and fats.
Premixes are an important part of the expanding swine meat production industry. They help in improving the rate of weight gain, disease prevention, and conversion in swine, thus, enhancing the quality of meat production. The demand for low-cost meat with a greater nutritional value is a driving factor in the market.
Stringent government regulations
Regulatory issues are the biggest constraints for the global swine feed premix market. Animal feed production comes under feedstuff regulations in most countries. The regulatory framework is increasingly becoming stringent, such as in 2006 in European Union and in 2009 in United States, when the use of certain antibiotics as growth promoters in animals was banned.
Many countries, including China, Thailand, and Vietnam that export fish to Europe and the United States do not have such regulations against antibiotics or other growth promoters’ usage in animals or feeds. Such disparities in regulations have adverse effects on the global fish and aqua feed trade, especially between developed and developing economies.
Producers of additives, like antibiotics, are required to follow strict regulations related to regional and national health and safety for their product’s approval in the developed nations. This ultimately affects the cost of the final products. Such regulatory initiatives are posing challenges for existing swine feed premix products.
A major concern for swine feed premix is to enhance the animal performance and health. The growth in the usage of these ingredients, in different sectors, is leading to a competition between the industries for raw materials. This adversely affects the growth of market.
Key Developments in the Market:
• May 2018: Archer Daniels Midland (ADM), a United States animal nutrition and feed additive manufacturer opened a new premix factory in Illionois.
Major Players: Charoen Pokphand, Cargill Inc., Land O Lakes Feed, DBN Group, Archer Daniels Midland, Evialis, Godrej Agrovet, ForFarmers, DLG Group, DSM NV, among others.
Reasons to Purchase this Report:
• Provides latest insights into the Global Swine Feed Premix Market.
• Gives a detailed analysis of the competitive landscape in the swine feed premix industry segmented by ingredient type, and by geography.
• Analyses the market scenario with the help of Porter’s Five Forces Analysis.
• Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
• 3 months analyst support along with the Market Estimate sheet in excel.
Report Customization:
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Increasing demand for high-value animal protein
There has been an increasing pressure on the livestock industry to meet the increasing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in the global livestock production.
Due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of gross domestic product than the industrialized countries 2-3 decades ago. Urbanization also contributes actively to the increased demand for pork meat. Compared with the diet in rural areas, cities have a varied diets rich in animal proteins and fats.
Premixes are an important part of the expanding swine meat production industry. They help in improving the rate of weight gain, disease prevention, and conversion in swine, thus, enhancing the quality of meat production. The demand for low-cost meat with a greater nutritional value is a driving factor in the market.
Stringent government regulations
Regulatory issues are the biggest constraints for the global swine feed premix market. Animal feed production comes under feedstuff regulations in most countries. The regulatory framework is increasingly becoming stringent, such as in 2006 in European Union and in 2009 in United States, when the use of certain antibiotics as growth promoters in animals was banned.
Many countries, including China, Thailand, and Vietnam that export fish to Europe and the United States do not have such regulations against antibiotics or other growth promoters’ usage in animals or feeds. Such disparities in regulations have adverse effects on the global fish and aqua feed trade, especially between developed and developing economies.
Producers of additives, like antibiotics, are required to follow strict regulations related to regional and national health and safety for their product’s approval in the developed nations. This ultimately affects the cost of the final products. Such regulatory initiatives are posing challenges for existing swine feed premix products.
A major concern for swine feed premix is to enhance the animal performance and health. The growth in the usage of these ingredients, in different sectors, is leading to a competition between the industries for raw materials. This adversely affects the growth of market.
Key Developments in the Market:
• May 2018: Archer Daniels Midland (ADM), a United States animal nutrition and feed additive manufacturer opened a new premix factory in Illionois.
Major Players: Charoen Pokphand, Cargill Inc., Land O Lakes Feed, DBN Group, Archer Daniels Midland, Evialis, Godrej Agrovet, ForFarmers, DLG Group, DSM NV, among others.
Reasons to Purchase this Report:
• Provides latest insights into the Global Swine Feed Premix Market.
• Gives a detailed analysis of the competitive landscape in the swine feed premix industry segmented by ingredient type, and by geography.
• Analyses the market scenario with the help of Porter’s Five Forces Analysis.
• Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
• 3 months analyst support along with the Market Estimate sheet in excel.
Report Customization:
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
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