How Has the Swine Feed Minerals Market Size Evolved in Recent Years?
The swine feed minerals market has seen considerable growth due to a variety of factors.
• The market size for swine feed minerals has seen significant growth in recent times. The market is projected to expand from $149.38 billion in 2024 to reach $164.13 billion in 2025, taking into consideration a compound annual growth rate (CAGR) of 9.9%.
The expansion during the historic period stems from factors such as enhancement of feed efficiency, increased nutritional awareness, prevention of diseases, and intensification of livestock.
What are the Market Size and Expected Growth Rates for the Swine Feed Minerals Market?
The swine feed minerals market is expected to maintain its strong growth trajectory in upcoming years.
• Expected to experience swift expansion in the coming years, the swine feed minerals market is projected to reach a worth of $240.73 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%.
A host of factors contribute to this predicted growth including population increases, a move toward more sustainable farming methods, regulatory shifts, and international economic trends. Additionally, the forecast period is expected to see relevant trends such as progress in technology, a surge in demand for specialty minerals, growing acceptance of precision nutrition, and the broadening of organic and natural feed additives. Other factors that might influence the growth include digitization in farming, inventive mineral delivery systems, and market consolidation.
What Are The Essential Drivers Behind The Growth Of The Swine Feed Minerals Market?
The swine feed minerals market is projected to expand, driven by a rising demand for organic meat. Organic meat, with its reduced saturated fat, lower calories, and boosted omega-3 acid levels, holds health benefits. More and more farm owners are recognizing the crucial role of maintaining pig health, thereby increasing the need for top-notch minerals in swine feeds. For example, SPINS, a wellness-centric data technology firm in the US, discovered that approximately 70% of millennials owning pets prefer their pets' products to be organic and natural. Hence, the rise in organic meat preference propels the swine feed minerals market's growth.
How Is The Global Swine Feed Minerals Market Divided Into Key Segments?
The swine feed minerals market covered in this report is segmented –
1) By Product: Starter Feed Or Grower Feed, Sow Feed, Pig Grower Feed, Other Products
2) By Ingredients: Cereal, Oilseed Meal, Oil, Molasses, Other Ingredients
3) By Additives: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Other Additives
Subsegments:
1) By Starter Feed Or Grower Feed: Pre-Starter Feed, Starter Grower Feed
2) By Sow Feed: Gestation Sow Feed, Lactating Sow Feed
3) By Pig Grower Feed: Grower Finisher Feed, Finishing Feed
4) By Other Products: Supplementary Feed, Specialty Feed Additives
Pre-Book The Swine Feed Minerals Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Research Market?
One significant trend that is capturing momentum in the swine feed minerals market is product innovation. Essential market players are dedicated to creating novel product solutions to bolster their standing in the market. For instance, in November 2022, ADM—a company based in the United States specializing in human and animal nutrition—introduced two fresh products in its SUCRAM series, which serve as an in-feed sweetening solution for various livestock species. Pancosma, SUCRAM M’I Sweet, and SUCRAM Specifeek are sweeteners constructed to enhance the taste appeal of feed for juvenile animals, with emphasis on weanling pigs. The use of feed enhancers and sweeteners proves to be an efficient nutritional strategy to boost feed consumption and optimize producers' efficiencies, simultaneously fostering animal health and wellness.
Who Are the Key Players in the Swine Feed Minerals Market?
Major companies operating in the swine feed minerals market include:
• Alltech
• Archer Daniels Midland Company
• Cargill Inc.
• Charoen Pokphand Foods Public Company Limited
• Kent Corporation
• Nutreco N. V.
• BASF SE
• Land O'Lakes Inc.
• CHR. Hansen Holdings A/S
• Lallemand Inc.
• Novus International Inc.
• De Heus B. V.
• Forfarmers B. V.
• J. D. Heiskell & Company Inc.
• Associated British Foods plc
• Keystone Mills Inc.
• Koninklijke DSM N. V.
• Purina Mills LLC
• New Hope Group Co. Ltd.
• Guangdong Haid Group Co. Ltd.
• Zhengbang Group Co. Ltd.
• Guangxi Yangxiang Co. Ltd.
• COOPERL Atlantic Arc
• Iowa Select Farms Inc.
• Beijing Dabeinong Technology Group Co. Ltd.
• COFCO Group
• Vall Companys Group
• Seara Foods
• The Maschhoffs
• Miratorg Agribusiness Holding
• Muyuan Foodstuff Co. Ltd.
• Wens Food Group Co. Ltd.
• Triumph Foods
What are the Regional Insights into the Swine Feed Minerals Market?
Asia-Pacific was the largest region in the swine feed minerals market in 2024. The regions covered in the swine feed minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
