Swine Feed Market

Swine Feed Market Analysis by Prestarter Diets, Starter Diets, Grower Diets, and Finisher Diets from 2023-2033

Analysis of Swine Feed market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Swine Feed Market Outlook (2023-2033)

Worldwide shipments of swine feed are projected to increase at 3.3% CAGR over the next ten years. The global swine feed market is thus expected to account for a valuation of US$ 175.9 billion by 2033-end, up from its current size of US$ 127 billion in 2023.

As per the latest pricing trends in the market, the low cost of pig farming and high profitability in pork meat production are prime factors that are forecasted to augment demand for swine feed in the future. The growing popularity and consumption of pork meat across the world is another influential aspect that is estimated to govern swine feed sales through 2033. Commercial feeds for pigs are anticipated to witness a notable hike in demand owing to the increasing consumption of pork.

Increasing globalization, growing global population, high availability of pork products, changing consumer preferences, and increasing availability of high-quality swine feed products are other prospects that are projected to boost market development going forward. Growing awareness about sustainability and benefits associated with organic meat consumption are expected to boost demand for organic pork meat and open up new roads of opportunities for established as well as new swine feed suppliers across the forecast period.

On the contrary, the rising popularity of plant-based diets and volatility in the price of raw materials used for swine feed production are predicted to hamper global demand for swine feed to some extent over the coming years.

More trends, drivers, restraints, opportunities, new developments, market challenges, and local supply factors shaping market development have been discussed extensively in this updated swine feed market research report by Fact.MR, a market research and competitive intelligence provider.

Report Attributes


Swine Feed Market Size (2023)

US$ 127 Billion

Projected Market Value (2033F)

US$ 175.9 Billion

Global Market Growth Rate (2023-2033)

3.3% CAGR

Wheat Segment Market Share (2023)


Key Companies Profiled

  • Archer Daniels Midland Company
  • BENEO GmbH
  • Cargill Inc.
  • Alltech Inc.
  • Nutreco N.V.
  • Ridley Corporation Limited
  • Koninklijke DSM N.V.
  • Charoen Pokphand Foods PCL
  • Kent Nutrition Group Inc.
  • Purina Animal Nutrition LLC

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What Opportunities Can Start-ups Capitalize On?

“High Demand for Protein-rich Animal Feed Opening Up New Avenues of Opportunities”

New swine feed companies are exploring new protein sources to create a novel feed that is rich in nutrients and highly efficient in maintaining animal health while improving growth and immune characteristics. Insect protein is a hot trend in the animal nutrition industry that is expected to shape the future of the swine feed market in the long run.

  • In September 2022, Innovafeed, a new company breeding insects for animal feed based in France, announced that it had raised US$ 260 million in a Series D round led by Qatar Investment Authority. This was the largest agritech investment round outside of the United States. The company had plans to build farms in the U.S. and Asian countries with the capital that they had raised.
  • In April 2022, Entosystem, a Canadian company breeding insects for food autonomy announced the construction of its new plant in Drummondville, Quebec. The factory was estimated to receive around 250 tons of food waste from grocery stores to breed and feed black soldier fly larvae.

Such developments and advancements in the insect protein and insect breeding industry are opening up new avenues of opportunities for incoming swine feed suppliers as they benefit from the growing popularity of sustainable and eco-friendly animal feed.

What Can Impede Swine Feed Sales Growth to Some Extent?

“Volatile Raw Material Prices and Growing Veganism Trend”

Raw materials and additives used for animal feed preparation are priced as per the economic conditions of the market, which keep fluctuating frequently, and this creates uncertainty in manufacturing costs and supply chain management, thereby inhibiting market development.

Moreover, the popularity of veganism and the adoption of plant-based diets have risen exponentially in recent years and these trends are expected to hurt the consumption of pork, which is projected to diminish swine feed sales going forward. The breakout of several swine diseases such as swine flu and African Swine Fever (ASF) in recent years is also anticipated to have a negative impact product standards and overall swine feed demand throughout the forecast period.

Swine feed market forecast by Fact.MR

Country-wise Insights

Why is the United States an Investment-worthy Market?

“Growing Demand for High-quality Pork Meat & Pork Products”

Pork and pork-based product consumption in the U.S. has witnessed a notable rise over the past few years and this trend is projected to be rife across the forecast period as well. The presence of key pork product manufacturers, growing demand for high-quality hog feed, and increasing exports of pork from the country are other factors that are anticipated to promulgate sales of swine feed over the next ten years in the United States.

The growing popularity of bacon as a breakfast staple in the country is also projected to bolster swine feed shipments in the country through 2033.

How Will Swine Feed Demand Fare in Asia Pacific?

“China, Japan, & Korea Projected to Lead Swine Feed Consumption in APAC”

The regional market for swine feed in Asia Pacific accounts for a dominant share of the global industry landscape and is projected to maintain a similar stance throughout the forecast period. China is the leading market in this region as it is the largest producer of pork in the world and accounts for high amounts of pork product exports in the world.

Continual efforts to maximize pork production and supportive government initiatives to promote pig farming are other crucial factors that are forecasted to boost shipments of swine feed in China over the next ten years. Sales of hog feed, lactation feed for pigs, swine dewormer feed, and swine premixes are anticipated to witness a notable hike in China through 2033.

Japan and Korea are also anticipated to be highly lucrative markets for swine feed providers in the Asia Pacific region owing to the growing consumption of pork meat and changing dietary preferences of the Japanese and Korean populations.

Which European Countries Lead Swine Feed Consumption?

“Germany, Spain, & France to Account for High Swine Feed Sales”

France, Spain, and Germany cumulatively represent around 50% of pork production in the European Union and this makes the aforementioned European countries highly lucrative markets for swine feed manufacturers and suppliers.

Europe also exports around 13% of its total pork production and is regarded as a highly important market for pig meat export in the global landscape. Increasing inclination toward the consumption of organic food products is projected to drive demand for organic pork meat and subsequently benefit market growth in this region.

Organic swine feed sales are estimated to witness a notable increase in European countries owing to rising demand for organic food products and growing awareness regarding the benefits associated with organic food consumption.

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Category-wise Insights

Which Additives Lead Swine Feed Demand?

“Amino Acids to Account for Major Market Share”

Based on feed additive, the market for swine feed is segmented into vitamins, antioxidants, feed acidifiers, feed enzymes, amino acids, and others.

Growing awareness regarding the benefits associated with proper amino acid consumption in animals and improved metabolism of animals due to amino acid-rich feeds are two prime prospects that are projected to uplift shipments of swine feed over the coming years. The inability of pigs to synthesize some key amino acids such as Threonine, Valine, Lysine, and Leucine bolsters the demand for the addition of such amino acids in pig feed.

Amino acids play a crucial role in the production of digestive enzymes in pigs and this is also projected to boost the use of amino acids in hog feed and pig feed. Hence, the use of amino acids is projected to witness a rapid increase over the next ten years and account for a dominant market share in the global landscape.

Competitive Landscape

Prime swine feed manufacturers are focusing on launching new products, expanding their product portfolios, follow product safety regulations, and seeking to minimize environmental impact to gain a competitive edge over other market players.

  • In December 2022, Farmgate Feeds, a business arm of ForFarmers Group announced the launch of `Traditional Grader`, a later-stage pig finisher diet for smallholder customers. The feed is formulated to have a high protein-to-energy ratio and promotes a better feed conversion ratio for livestock holders.
  • In November 2022, ADM, a leading name in the animal nutrition marketplace announced the launch of two new SUCRAM M’I Sweet and SUCRAM Specifeek under its SUCRAM range an in-feed sweetening solution for livestock. The new sweeteners were developed particularly for weanling pigs.

Leading swine feed manufacturers are also collaborating and acquiring new companies to advance their business potential and have better quality control processes to bolster their market presence in the global landscape.

  • In March 2021, Golpasz, a Poland-based company offering a range of compound animal feed was acquired by De heus Animal Nutrition, a Netherlands-based manufacturer of specialty feed to bolster its market presence and combine their expertise to provide customized solutions.

Key Segments of Swine Feed Industry Research

  • By Diet Type :

    • Prestarter Diets
    • Starter Diets
    • Grower Diets
    • Finisher Diets
    • Other Diet Types
  • By Feed Ingredient :

    • Wheat
    • Corn
    • Barley
    • Soyabean Meal
    • Rapeseed Meal
    • Sunseed Meal
    • Others Feed Ingredients
  • By Feed Additive :

    • Vitamins
    • Antioxidants
    • Feed Acidifiers
    • Feed Enzymes
    • Amino Acids
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

What is the value of the global swine feed market in 2023?

The global swine feed market is currently valued at US$ 127 billion.

How big will the swine feed market be by 2033?

Shipments of swine feed are projected to reach a market valuation of US$ 175.9 billion by 2033-end.

At what rate will the market evolve going forward?

From 2023 to 2033, sales of swine feed are forecasted to rise at 3.3% CAGR.

Which are the key regions in the swine feed market?

Asia Pacific, Europe, and North America are leading regional markets for swine feed.

What are the key factors driving the global swine feed market?

Growing demand for pig meat and introduction of new animal-rearing practices in farming are key factors driving market growth.

Swine Feed Market

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