The global swine feed premix market size 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).
Swine feed premix is a custom blend of ingredients designed for use in swine diets. This premix's main ingredients include the vitamins, minerals, and amino acids necessary for pigs to grow and develop healthily. Soybean meal, corn, and wheat are just a few elements that can create this premix. The total chemical makeup of pig products is also influenced by the feed type used. There are several different types of swine premixes on the market. The nutritional content and acceptability of these feed ingredients for pigs can be increased by mixing them with other feeds. Swine livestock production has risen in several nations, including the United States, Canada, and Brazil, to meet the demands of the population's shifting dietary habits, particularly in developing markets. While many farmers remain small and marginal in nations like India and China, the livestock industry is becoming more industrialized worldwide and Asia-Pacific region.
The livestock sector has been under growing pressure to supply the rising demand for meat and high-quality animal protein. Global livestock output has increased due to urbanization, rising incomes in developing countries, and population growth. A rise in the intake of animal protein sources is anticipated as public awareness of the value of diets high in protein increases. Pig is one of the most popular and frequently consumed meats worldwide, especially in Europe and Southeast Asia; this is anticipated to fuel the market's expansion through premixes for swine.
Developing nations are beginning to consume large amounts of meat at considerably lower levels of the gross domestic product than the developed nations 2-3 decades ago due to a drop in the price of meat and meat products. A significant factor in the rise in demand for hog meat is urbanization. Cities have more diverse meals high in animal proteins and fats than rural places. Premixes play a significant role in the growing swine meat production sector. They aid in swine conversion, disease control, and weight increase rate improvement, all of which improve meat quality. A market driver is a demand for inexpensive meat with higher nutritional value.
One of the main obstacles facing the feed additives sector is regulatory concerns. In most nations, laws governing feedstuffs apply to the manufacturing of animal feed. Since these nations' bans on using certain antibiotics as animal growth promoters in 2006 in the European Union and in 2009 in the United States, the regulatory environment has become more strict. There is no internationally accepted framework, and each country has regulations regarding feed premixes. In the United States, feed premixes and supplements are regulated by the Center for Veterinary Medicine (CVM); however, in the European Union, they fall within the purview of the European Food Safety Authority (EFSA). Such regulatory inequalities harm the trade in meat and feed, particularly between industrialized and developing economies. In addition, feed premix manufacturers must adhere to severe national and regional health and safety requirements for their goods to be approved in developed nations. This ultimately has an impact on how much the cost of the finished goods. Such regulatory actions complicate the production of feed premix products now on the market and raise the price of developing new feed.
The rising demand for livestock products has prompted significant supply-side changes to increase livestock product yields. New capital-intensive technologies have made it possible to produce pig meat in industrial-style facilities in regions like North America, Europe, and Asia-Pacific, particularly in nations with limited land. Industrial meat production has several benefits, including a reduced need for land, increased output, and high-quality and secure food products. The premixed feed gives animals the proper nutrition, aids in increasing carcass weight, maintains animal health, and boosts productivity, all of which help with industrial meat production. The World Bank estimates that industrialized meat production is expanding six times faster than conventional meat production techniques.
The global swine feed premix market is segmented by type.
Based on type, the global swine feed premix market is bifurcated into antibiotics, vitamins, antioxidants, amino acids, minerals, and others.
The amino acid segment is the highest contributor to the market and is estimated to grow at a CAGR of 3.95% during the forecast period. One of the main components of the premix for swine feed is amino acids. Premixes give pigs essential amino acids such as lysine, threonine, and methionine. The amino acids market has increased demand among farmers due to its effectiveness as the building blocks of animal proteins. Due to rising feed prices and economic pressure, maintaining an appropriate crude protein level in the feed mix is essential. Therefore, amino acids are practical additions to the premixed swine feed. Amino acids are a crucial part of the swine feed premix. Premixes provide swine with critical amino acids such as lysine, threonine, and methionine. Farmers' interest in the amino acids market has risen as the need for these protein-building blocks has become apparent. Additionally, the meat sector in these nations is under intense pressure to supply the market more quickly.
Tetracycline and penicillin are two common antibiotics included as feed additives to the feed premix. These antibiotics are necessary for enhanced swine health. However, due to bacteria's growing resistance to antibiotics, tetracycline and penicillin usage in swine feed has been replaced and reduced. According to international medical organizations, antibiotics used to treat humans cannot be used to treat animals. Antibiotics from the tetracycline class are widely used throughout Asia-Pacific. Antibiotics are prohibited in the European Union and the United States, which has slowed global expansion. The situation in South America is comparable to that in Asia-Pacific, where swine farmers use antibiotics for therapeutic and growth-promoting goals.
Farmers choose to add vitamins A, D, E, K, riboflavin, niacin, pantothenic acid, choline, and B12 as premixes to the regular swine diets. These are the vital vitamins needed for the health of swine, particularly for breeders and producers. The amount of vitamins in swine diets from the feed is typically less than what is necessary for pigs. For instance, pig diets made of corn and soybean meal include fewer components high in vitamins. As vitamins promote more remarkable growth and performance in pigs, producers prefer using them in swine feed. The University recommends several vitamins per tonne of swine feed from Missouri, Colombia: 200.0 grams of choline, 2.0 grams of vitamin K, 4.0 grams of riboflavin, and 30.0 grams of niacin present. The vitamins in finished feeds are lost during processing and storage. Thus, vitamins are being given to the feed to make up for these losses.
Antioxidants are common feed additives in the feed premix, including BHA (butylated hydroxyanisole) and BHT (butylated hydroxytoluene). The demand for antioxidants is rising due to a focus on raw material quality. One of the biggest markets for antioxidants is in Asia-Pacific. The main driver of this market is the need for natural synthetics in the region, particularly in China, India, South Korea, and Vietnam. Numerous governments are promoting the development of antioxidants because of their multiple advantages. Antioxidants maintain food's flavor, color, and stability by stabilizing fats. One of the elements propelling the market for antioxidants is the prevention of the rancidity of lipids and oils in animal feed. Another aspect accelerating the market's growth is increased farmer awareness of antioxidants. The FDA has designated butylated hydroxytoluene (BHT) as a GRAS chemical, which is considered safe to consume in small amounts.
The global swine feed premix market is bifurcated into four regions: North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the most significant revenue contributor and is expected to grow at a CAGR of 3.85% during the forecast period. In terms of consumption of compound feed, China is in first place. Pork consumption is rising across the nation due to urbanization, rising middle-class incomes, and higher pork consumption. As a result, the demand for swine feed premix is driven by the rising price of raw materials for animal use and the increasing demand for meat. The processed meat sector also contributes to the market by expanding healthily and demanding premium pork meat. The industry for compound feed, swine feed additives, and swine feed premix is anticipated to continue growing steadily with the introduction of intensive animal farming systems.
Europe is expected to grow at a CAGR of 3.10% during the forecast period. The high demand for German pork in Italy, the Netherlands, China, and Poland boosts the swine feed premix market. The need for feed premix is rising because the nation is home to many top compound feed manufacturers. Additionally, the industry is placing more and more emphasis on innovations and the expansion of product lines. According to global trends, amino acids are the most significant portion, while minerals and vitamins are growing the fastest. German consumers are drawn to probiotic feed products because of their health advantages, such as improved digestibility and immunity. Pork consumption fell in 2017 compared to 2016 due to people becoming more aware of the harm that animal agriculture causes to the environment.
The United States is in the lead in terms of regional production and consumption of compound feed. The country's swine population is significantly expanding, fueling market expansion. An investigation by the International Production and Processing Expo (IPPE) in Atlanta found that a lack of vitamins can cause abnormalities in animals, reducing their production and lifespan and giving the impression that they are physically weaker. Animal feed companies need help providing vitamin-rich animal feed in the nation due to the comparatively high cost of vitamins. Breeders are under much pressure to maintain pricing due to the rising cost of swine feed's primary materials.
LAMEA holds a significant market share. The rise in meat imports and exports and growing consumer awareness of the quality of meat products are the main drivers of the Brazilian feed premix business. The prevalence of African swine year (ASF) in China and the global spread of diseases are having a good impact on the country's swine feed population growth, which in turn is boosting the premix market's expansion. The industrialization of meat production is also fueling the nation's need for swine feed premix. The two main reasons driving demand in the market are the increased demand for swine meat products and the expansion of the processed meat sector. The remaining nations of Africa, together with Kenya, Tanzania, Malawi, Namibia, and Ethiopia, are included in this segment.
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