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Global Pig Feed Market Forecast to Grow at Three Per Cent Per Year

30 May 2014

GLOBAL - A new report on the global pig feed additives market values the market at US$4.4 billion in 2012 and forecasts annual growth of 5.5 per cent by 2018.

Reportlinker has announced that a new market research report is available in its catalogue - Swine (Pig) Feed Market by Type (Starter, Grower, Sow), Additive (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers) and by Geography - Global Trends & Forecasts to 2018.

Pork is the culinary name for the meat of the domestic pig. It is one of the most common types of meat consumed worldwide. Similar to all types of meat, pork is eaten both, freshly cooked and preserved. Some examples of preserved pork are ham, smoked pork, gammon, bacon, and sausage. Pork is a popular meat in the Western world. It is also very common in Chinese cuisine.

Many classes of swine feed have particular nutrient requirements. In general, feed for young pigs require greater dietary levels of most nutrients such as protein (lysine) than that for older pigs. As such, there are various diets on the market, or ones that can be mixed on farms, which are suitable to each class of pig. These diet types usually include starters, growers, sow, and others.

Feed additives are compounds added to premixes, supplements and complete feeds. They are non-nutritive products used in swine diets to improve the health of pigs and enhance the quality of pork. Swine feed additives help to increase the profitability of pork production. Common feed additives used in pork diets include antimicrobials, antioxidants, emulsifiers, binders, pH control agents, and enzymes.

The phases of pork production that take place on farms to rear pigs ready for the market are called breeding-gestation, farrowing, nursery, and grow-finish. During these phases, the pigs are fed as per their feeding types and requirements.

The global swine feed additives market generated a value of $4,419.0 million in 2012 and is expected to grow at a compound annual growth rate (CAGR) of 5.5 per cent by 2018.

According to the report, the swine feed market is dominated by key companies such as CHR. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Novus International Inc.(US), Royal DSM N.V. (The Netherlands), BASF (Badishce Anilin und Soda Fabrik) (Germany), Alltech Inc. (US), ADM (Archer Daniels Midland Company) (US), Charoen Popkhand Foods (Thailand), ABF Plc (Associated British Food) (U.K), Cargill Inc. (US).

They keep the competition at a moderate pace; however, being a consolidated and rationalised market, individual companies have their competitive advantage in the market when supplying swine feed and additives.

The global swine feed market consumed 212,727.4KT in 2012 and is anticipated to grow at a CAGR of 3.3 per cent by 2018. The market was led by grower feed with the fastest growing CAGR and market share. The market was led by Asia-Pacific in 2012.

The report focuses on the detailed study of swine feed type and additive in different regions with a thorough analysis of the market players in the industry. The key players covered in this report are CHR. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Novus International Inc.(US), Royal DSM N.V. (The Netherlands), BASF (Badishce Anilin und Soda Fabrik) (Germany), Alltech Inc. (US), ADM (Archer Daniels Midland Company) (US), Charoen Popkhand Foods (Thailand), ABF Plc (Associated British Food) (U.K), Cargill Inc. (US).

Reportlinker says its research report provides a comprehensive analysis of the global swine feed market.

ThePigSite News Desk



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