The Swine Feed Market, estimated at USD 114.78 Bn in 2025, is expected to exhibit a CAGR of 4.5% and reach USD 156.31 Bn by 2032.
The Food and Beverages sector is driving global growth, balancing rising consumer demand for sustainable, healthier options with industry investments in digital transformation, e-commerce, and supply chain innovation.
The growth of the swine feed market is driven by two key factors - rising pork demand and adoption of new technologies in feed production. Firstly, the demand for pork meat is increasing significantly across several emerging and developing markets due to rising incomes, urbanization, and changing dietary preferences for protein. This growing pork demand is encouraging feed producers to ramp up swine feed production to meet requirements. Secondly, feed manufacturers are increasingly adopting advanced technologies and digital solutions for nutrient mixing, feed optimization, animal health monitoring, and productivity enhancement. Precision & digital technologies are allowing producers to formulate customized, balanced rations and prevent losses, thereby supporting the market growth over the forecast period.
Increasing Demand for Pork Meat is Driving the Swine Feed Market Growth
The global demand for pork meat has been steadily rising over the years. According to the Food and Agriculture Organization (FAO), pork consumption has been rising worldwide at 1.4% per year over the past decade. Asia Pacific accounts for over 50% of the global pork consumption. Countries like China and Vietnam have seen major increases in pork consumption as people's incomes are rising and they are moving to more protein-rich diets. This increasing demand is a major driver for the swine feed market as more pigs need to be raised to meet this demand. Farmers and swine producers are increasing their herd sizes which requires more feed to support the larger numbers of pigs. As countries continue economic growth and people consume more meat, the demand for pork will keep increasing in the coming years fueling the growth of the swine feed market.
Growth of Commercial Pig Farming is Boosting the Swine Feed Usage
Traditionally, pig farming was done at small household or backyard levels in many countries. However, there is a growing trend of commercialization and consolidation of pig farms worldwide. Large commercial farms are replacing small farms as they offer improved economies of scale and productivity. Commercial farms maintain much larger herd sizes numbering in thousands of pigs. They require organized procurement and supply of specialized nutrition-rich swine feed. The shift towards commercial pig farming models is boosting swine feed consumption manifolds compared to traditional backyard systems. Many countries in Southeast Asia, Latin America, and Eastern Europe are witnessing strong growth of commercial pig farms. This commercialization wave is a key driver positively impacting the swine feed market through higher volumes and more organized demand from large pig producers.
Volatile Grain Prices Pose a Challenge for Swine Feed Producers
The key ingredients used in manufacturing swine feed including corn, soybean, and wheat are agricultural commodities prone to price volatility. International prices of these grains fluctuate frequently depending on various factors like crop yields, export-import policies, currency exchange rates etc. Sharp rises in grain prices significantly increase swine feed production costs for manufacturers. This volatility poses a major challenge and restrains profitability. Any increase in feed costs, if not passed on prices, squeeze margins for producers. It also discourages sustainable long term investments and capacity expansions in the feed industry. Mitigating risks from unstable grain costs through effective hedging strategies and backward integration of feed producers remains an ongoing challenge for swine feed market players. Volatile input prices continue acting as a market restraint unless addressed properly.
Outbreaks of Animal Diseases Hamper Market Growth
Periodic outbreaks of contagious animal diseases pose recurring threats to the swine market and the feed market. Diseases like porcine reproductive and respiratory syndrome (PRRS), foot-and-mouth disease, and African swine fever (ASF) can cripple pig farming sector for extended periodsContaining disease spread and maintaining strict biosecurity controls is crucial but outbreaks cannot be completely ruled out. The risks of production losses and trade restrictions dampen swine producer's investment sentiment and hog the market demand. Fear of diseases among consumers also restraint purchase decisions at times. Therefore, the risk of disease outbreaks remains a constant concern for the swine feed market.
Aquaculture Sector Offers New Market Avenues
The rapid growth of the global aquaculture industry presents new opportunities for the expansion of the swine feed market. Fish and shrimp farming requires high-protein aquafeeds where ingredients like fishmeal can be substituted with swine by-product meals. Swine by-products, including meat and bone meal (MBM), blood meal, and feather meal contain nutrients like essential amino acids in ideal compositions for aquaculture species. Their use helps reduce reliance on fast depleting ocean fish stocks while offering a new higher-value market outlet for swine processing co-products. Swine feed producers and renderers are tapping this opportunity through strategic forays and partnerships in the aquafeed sector.
Development of Organic Swine Feed is a Lucrative Niche
The rising consumer awareness about health, nutrition, and environmental sustainability has boosted the demand for organic and natural products in recent years. Premium organic swine feed is gaining popularity among small farms producing organic pork meat.
Link - https://www.coherentmarketinsights.com/market-insight/swine-feed-market-5152
Key Developments
- In March 2024, DSM-Firmenich launched a groundbreaking adaptive nutrition concept tailored specifically for pigs.
- In 2022, ADM, a global leader in human and animal nutrition, unveiled two new products in its SUCRAM range, providing an innovative in-feed sweetening solution for a variety of livestock species.
- In 2021, Cargill established a partnership with BASF in the animal nutrition sector, bolstering their research and development capabilities while expanding into new markets through their existing feed enzymes distribution agreements. This collaboration aimed to develop, produce, market, and sell customer-focused enzyme products and solutions for animals, including those specifically for swine.
- In 2020, Chia Tai Investment Co. Ltd (CTI), an indirect subsidiary of Charoen Pokphand Foods Public Company Limited (CPF), acquired 43 companies from Chia Tai Animal Husbandry Investment (Beijing) Co. Ltd., all of which are engaged in the swine sector. This acquisition opened up new business opportunities for CPF, enabling the company to expand its footprint in markets with significant growth potential in the swine industry.
Key Players
BASF SE, Charoen Pokphand Foods PCL, Cargill Incorporated, Land O' Lakes Inc., ADM, KENT Nutrition Group, Forfarmers, DLG Group, Nutreco, J.D. Heiskell & Co., De Heus Animal Nutrition, Novus International Inc., Nutreco NV, Lallemand Inc., Alltech Inc., Chr Hansen Holding A/S, Uniray Lifesciences, Amino Pharma , ForFarmers, and Lloyds Animal Feeds
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