Swine Feed Additives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Vitamins, Enzymes, Binders, Acidifiers, Minerals, Amino Acids, Others), By Source (Synthetic, Natural), By Form (Crumbles, Mash, Pellets, Others), And By Geography - Forecasts From 2023 To 2028

Soybean, organic corn, and wheat are used to make swine feed additives. To address the nutritional needs of pigs, they are also enriched with amino acids, vital fatty acids, enzymes, and vitamins. There are now a number of pellet and mash swine feeds on the market that is developed to improve performance targets and overall health. In addition, a wide range of swine feed additives include proteins manufactured from organic plant sources and naturally occurring fungal-based enzymes that facilitate the digestion of the feed's various components. Additionally, producers continuously explore novel feed components and feed formulae to provide cutting-edge swine feed additives. Further, sales of swine feed are significantly impacted by the rising pig meat demand around the world.

One of the key factors propelling the expansion of the market for swine feed additives is the emergence of illnesses in pigs. Additionally, businesses in the livestock industry and meat producers are being urged to employ probiotics due to the increased awareness and increasing need for animal nutrition, which is predicted to boost the market worldwide. Additionally, the demand and consumption of pig meat by consumers are predicted to increase with the expansion in the world's population, which is further increasing the population of animals. In addition, food quality control has emerged as a crucial issue for many countries worldwide, particularly in North America and Europe. For instance, the European Food Safety Authority (FSA) and the US Food and Drug Administration (FDA) both place tight regulations on the quality of meat, paving the way for improvements that would fuel the market for these feed additives. Every country's and animal group's livestock output has increased to meet the demands of the population's shifting dietary habits, particularly in developing markets. While many farmers in developing nations like India and China continue to operate on a small, marginal scale, the livestock industry is becoming more industrialised on the global market, notably in the Asia-Pacific region.

Rising pig meat consumption to drive growth

Producers have modified their production practices in response to the increased demand for meat from consumers worldwide. Livestock farmers also encounter a significant problem in generating higher quality, hygienic meat while meeting the expectations of the meat production sector. For instance, the OECD (Organisation for Economic Co-operation and Development) reports that, with a per capita consumption of 17 kg in 2019, the pig was the second most widely consumed meat in the UK. Manufacturers of swine feed now have profitable prospects to boost the productivity of these animals owing to the rising demand for meat. Additionally, owing to the surging meat consumption in the European region, the production of pig meat grew from 23 million tonnes in 2020 to 23.4 million in 2021, according to Eurostat. As a result, the market for swine feed additives is anticipated to develop significantly as a result of the rising demand for swine meat.

Key Developments

• In October 2021, Cargill and BASF collaborated on the animal health business, bringing additional markets and R&D prospects to the feed enzymes distribution agreements already in place. As a result, this collaboration assisted in creating, manufacturing, and marketing customer-focused enzyme products and solutions for pig feed.
• In July 2021, De Heus purchased Coppens Diervoeding, a Dutch feed manufacturer with a focus on the pig farming industry. De Heus was able to increase its production capability by 400k and strengthen its regional footprint owing to this acquisition.
• In Vietnam's Ha Nam province, ADM inaugurated a cutting-edge animal feed facility in November 2019. The project was the fifth plant in Vietnam that ADM has invested in specifically for animal nutrition, adding to a growing number of ventures in the nation. The plant mostly creates food for pigs, chickens, and rabbits.

Restraints

The demand for pig meat is anticipated to be hampered by the rising number of people adopting veganism and vegetarianism and abstaining from consuming animal meat or using animal products, which would thereby harm the market growth. Adding to that, ASF (African Swine Fever) and PED (Porcine Epidemic Diarrhoea), among other swine illnesses, are projected to further restrain the market growth. For instance, the ASF breakout prompted officials to slaughter a significant number of pigs in China, a nation with a huge swine population. In order to curb the development of ASF in the country, the China Ministry of Agriculture & Rural Affairs estimated that by April 2019, 1.02 million pigs were slaughtered in China.

COVID-19 Impact on the Swine Feed Additives Market

The market for swine feed additives was significantly affected by the COVID-19 outbreak. The meat sector suffered during that time as a result of restaurant closures during the lockdown and a change in consumer consumption habits. Less feed was produced as a result of this adverse effect, which also decreased the need for certain feed additives. The pandemic also had an impact on the supply chain and the production process, which caused significant losses for businesses. It had a significant effect on the feed business because the lockout caused many feed companies to close. The demand for these additives decreased as a result of the closure of feed factories. However, the industry is anticipated to expand steadily with bettering of the overall situation and the resumption of these services.

Swine Feed Additives Market Scope:

Segmentation:

• By type
  • Vitamins
  • Enzymes
  • Binders
  • Acidifiers
  • Minerals
  • Amino Acids
  • Others
• By Source
  • Synthetic
  • Natural
• By form
  • Crumbles
  • Mash
  • Pellets
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Thailand
    • Others