Feed additives are generally managed for animal nutrition for the objective of enhancing the feed quality and food quality. Swine feed are utilized to deliver nutrition to swine during their nurturing process. Feed extracts are essential in animal nutrition as they enhance digestibility of the feed. Some of the major feed essences in pork diet includes emulsifiers, enzymes, antioxidants and antimicrobials. Robust pork production and rising demand for quality pork meat is likely to rise the demand of swine feed all over the world. Swine feed includes cakes, cereals and meals, minerals, vitamins, fats and oils and supplements which include grass, hay and legumes. It has been noticed that swine feed has rich fiber content, minerals, vitamins and other nutritional advantages. Pork is a significant choice of meat all across the globe and is anticipated to uplift the related feed market all over the world.
Global Swine Feed: Market Segmentation
The global Swine Feed market is segmented on the basis of classifications which include sow feed, pig grower feed, starter feed and others. The global swine feed market is also divided on the basis of types of feed additives such as nutritional feed additives, sensory feed additives and zootechnical feed additives. The global swine feed market is also divided on the basis of feed essence such as vitamins, antioxidants, antibiotics, amino acids, feed acidifiers, feed enzymes and others.
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Global Swine Feed Market: Growth Drivers
Rising prominence for quality pork meat is anticipated to drive the global swine feed market in the next ten years from 2016-2026. In the next few years, the rising production of pork is anticipated to drive the global swine feed market till 2026. The increasing demand for animal feed especially in Asian region over the next few years will strengthen the global swine feed market. Besides this, escalating pork trade as well as the demand for food safeties is further anticipated to bolster the global swine feed market. Rising pig population in Asian countries such as China will propel the demand for swine feed in the region and will intensify the global swine feed market.
Global Swine Feed Market: Regional Outlook
Geographically, the Global Swine Feed industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Asia Pacific region captured the maximum share in the global swine feed market in 2015. Majority of the global pig population is concentrated in China followed by Europe and U.S. This trend showcases that such regions will remain the largest consumers for pork production and the demand for swine feed is anticipated to the similar in these countries. The Asian region is anticipated to be major market for swine feed in future due to higher demand from Vietnam, Philippines, Thailand and China. Besides this, North America is anticipated to be second largest market during the forecast period.
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Global Swine Feed Market: Players
The major players identified across the value chain of global Swine Feed market include Lallemand Inc, Novus International Inc., BASF Limited, Royal DSM Holdings Limited, Cargill Inc, Archer Daniels Midland Company, ABF Plc, Alltech Inc., Chr Hansen, Kent foods and others. Stringent government regulations related to this industry may impact the revenue of the key players. Innovative packaging and new product development are some of the business strategies which are anticipated to be adopted by manufacturers of swine feed in order to mark their presence all over the world.
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