Press release
Swine Feed Minerals Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Swine Feed Minerals Market
The swine feed minerals market size is expected to see rapid growth in the next few years. It will grow to $221.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to population growth, focus on sustainable farming, regulatory changes, global economic trends. Major trends in the forecast period include technological advancements, increased demand for specialty minerals, rising adoption of precision nutrition, expansion of organic and natural feed additives, digitalization in farming, innovations in mineral delivery systems, market consolidation.
Market Overview -
Swine feed minerals refer to swine feed with a sufficient amount of energy, protein, minerals, and vitamins. Pigs require protein sources to grow and to improve performance. These minerals are used as feed for pigs.
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Demand For Organic Meat Driving Swine Feed Minerals Market
An increase in the demand for organic meat is expected to propel the growth of the swine feed minerals market going forward. Organic meat has health benefits as it has less saturated fat, fewer calories, and higher levels of healthy omega-3 acids. Farm owners are becoming more aware of the importance of feeding healthy pigs, and this in turn demands the best quality minerals for swine feeds. For instance, SPINS, a US-based wellness-focused data technology company, found that about 70% of millennial pet owners want natural and organic products for their pets. Therefore, the demand for organic meat is driving the growth of the swine feed minerals market.
Competitive Landscape -
Major companies operating in the swine feed minerals market report are 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
Product Innovation Trend In Swine Feed Minerals Market
Product innovations are a key trend gaining popularity in the swine feed minerals market. Major companies operating in the swine feed minerals market are focused on developing new product solutions to strengthen their position. For instance, in November 2022, ADM, a US-based human and animal nutrition company, announced the launch of two products under its SUCRAM range, an in-feed sweetening solution for livestock species. The feed additives business, Pancosma, SUCRAM M'I Sweet, and SUCRAM Specifeek are sweeteners designed to improve the palatability of feed for young animals, particularly weanling pigs. Palatants and sweeteners are useful nutrition solutions to improve feed intake and enhance efficiencies for producers while also supporting animal health and well-being.
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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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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