Global Swine Feed Premix Market Grows Steadily at a CAGR of 3.40%

Introduction

Swine feed premix, or swine feed, is a specially formulated mixture of nutrients for usage in pigs. The essential nutrients for a pig's healthy development and growth can be found in this premix. Some ingredients for making this premix are soybean meal, corn, and wheat. However, the overall chemical composition of the finished product is also affected by the feed used. There are numerous swine premixes available. Mixing these substances with other diets can boost their nutritional value and appeal to pigs. In response to rising demand and changing consumer preferences, swine livestock production has increased in various countries, including the United States, Canada, and Brazil. Even if many farmers in countries like India and China are still on the sidelines, the livestock business is becoming increasingly industrialized globally and in the Asia-Pacific.

Market Dynamics

Rising Demand for High-Value Animal Protein Drives the Global Market

The livestock industry has come under increasing pressure to meet the demand for meat and high-quality animal protein, which is rising. Urbanization, rising incomes in developing nations, and population growth have all contributed to an increase in the global production of livestock. As the value of diets high in protein becomes more widely recognized, an increase in the consumption of animal protein sources is predicted. Premixes for swine are expected to help the market growth because the pig is one of the world's most popular and frequently consumed meats, particularly in Europe and Southeast Asia.

Due to a decline in the price of meat and meat products, developing countries are starting to consume significant amounts of meat at levels of the gross domestic product that are significantly lower than those of developed countries 2-3 decades ago. Urbanization has played a significant role in the increase in demand for hog meat. Compared to rural areas, cities offer meals rich in animal proteins and fats. Premixes are essential in the expanding swine meat production industry. They support swine conversion, disease prevention, and accelerated weight gain, all of which enhance the flavor of the meat. Demand for low-cost meat with higher nutritional value is a market driver.

Increasing Livestock Population Creates Tremendous Opportunities

Significant supply-side changes have been made in response to the growing demand for livestock products to boost yields. Pig meat can now be produced in industrial-style facilities in North America, Europe, and Asia-Pacific, especially in countries with limited land. This is made possible by new capital-intensive technologies. Industrial meat production has several advantages, such as a decreased need for land, increased output, and high-quality and safe food production. Premixed feed helps with industrial meat production by providing animals with the proper nutrition, increasing carcass weight, maintaining animal health, and increasing productivity. According to the World Bank, industrialized meat production is growing six times faster than traditional methods.

Regional Analysis 

Asia-Pacific is the highest revenue contributor and is anticipated to expand at a CAGR of 3.85% during the projection period. China ranks top in the world for compound feed consumption. Urbanization, rising middle-class earnings, and increased pork eating all contribute to increased pork consumption nationwide. As a result, the rising cost of raw materials for animal use and the increasing demand for meat contributes to the need for swine feed premix. The market is also influenced by the processed meat industry, which is growing healthfully and has a high demand for premium pork meat. With the development of intensive animal farming systems, it is projected that the market for compound feed, swine feed additives, and swine feed premix will continue to expand gradually.

Europe is anticipated to grow at a CAGR of 3.10% during the forecast period. The significant demand for German pork in Italy, the Netherlands, China, and Poland boosts the market for swine feed premixes. Due to numerous renowned producers of compound feeds in the country, the need for feed premixes is increasing. Additionally, the sector is emphasizing innovations and the extension of product lines more and more. Global trends indicate that minerals and vitamins are expanding at the highest rate, whereas amino acids make up the majority. German consumers are interested in purchasing probiotic feed products because of their health benefits, particularly in the areas of immunity and digestion. Reduced pork consumption in 2017 compared to 2016 was likely attributed to rising public awareness of the environmental harm caused by animal farming.

Key Highlights

• The global swine feed premix industry was valued at USD 210.30 million in 2022. It is projected to reach USD 284.13 million by 2031, growing at a CAGR of 3.40% during the forecast period (2023-2031). 
• Based on type, the global swine feed premix market is bifurcated into antibiotics, vitamins, antioxidants, amino acids, minerals, and others. The segment is the highest contributor to the market and is estimated to grow at a CAGR of 3.95% during the forecast period.
• Asia-Pacific is the most significant revenue contributor and is expected to grow at a CAGR of 3.85% during the forecast period.

Competitive Players

Competitive Players

The global swine feed premix manufacturers are Cargill Inc., Land O' Lakes Inc., Lallemand Inc., Archer Daniels Midland Company (ADM), ForFarmers, DLG Group, Koninklijke (DSM NV), De Heus Voeders BV, Biomin GmbH, Kent Nutrition Group Inc., Novus International, DutchFarm International BV, Vitalic, Danish Agro (Vilomix AS), Baltussen Wanroij Group (Champix), and Burkmann Industries Inc.

Recent Developments

Market News

• In November 2022, ADM offered two new feed-sweetening products. The additions to ADM's SUCRAM range were specifically developed to activate the swine’s sweet taste receptors, focusing on piglets at weaning.

Segmentation

Global Swine Feed Premix Market: Segmentation

By Type

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Minerals
• Acidifiers
• Others

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA