Swine diets typically consist of cereal grains like corn, which provide high energy but low fiber. Soybean meal is commonly used as the primary protein source in swine feed. Carbohydrates in swine feed mainly come from starch, sugars, and fats. Carbohydrates are large molecules made of carbon, hydrogen, and oxygen and can be categorized into starch, oligosaccharides, and polysaccharides. Starch and certain oligosaccharides are digested by pancreatic enzymes in the small intestine, while other oligosaccharides require mucosal enzymes in the small intestine for digestion.
The swine feed market is experiencing growth due to the increasing demand for high-value animal protein. Factors like population growth, rising disposable income, and urbanization contribute to the demand for high-value animal protein. The production of pig meat and the number of slaughtered pigs have risen to meet the growing demand. The industrialization of livestock production is another driving factor, with the swine population steadily increasing. Despite challenges like swine fever reducing the swine population, it is expected to rebound and continue its upward trend.
The global Swine Feed Market had a worth of US$ 99,039.40 million in 2021, and it is projected to achieve a value of US$ 145,300.00 million by 2030, with a Compound Annual Growth Rate (CAGR) of 4.50% during the period from 2022 to 2030. In terms of volume, Asia Pacific emerged as the leading player in the global swine feed market in 2021, capturing a significant share of 44%. Europe and North America followed closely behind in second and third place, respectively.
Major Players in the Swine Feed Industry:
- Charoen Pokphand Foods PCL
Charoen Pokphand Foods PCL was established in 1978 and is headquartered in Bangkok, Thailand. It operates in 17 countries and is engaged in various industries, including agriculture, food and beverage, and manufacturing. In 2020, Charoen Pokphand Foods PCL (CPF) announced to acquire the swine business of Chia Tai Investment Co. Ltd. (CTI).
- Cargill Incorporated
Cargill Incorporated was established in 1865 and is headquartered in Wayzata, Minnesota, United States. It operates in 70 countries and is engaged in various industries, including agriculture, food and beverage, food processing, manufacturing, and risk management. In 2019, Cargill Incorporated announced that it was reorganizing its animal nutrition business in response to growing concerns about animal health and wellness.
- Land O' Lakes Inc.
Land O' Lakes Inc. was established in 1921 and is headquartered in Arden Hills, Minnesota, United States. It operates in more than 60 countries and is engaged in various industries, including agriculture, animal feed, food delivery, food processing, and nutrition.
- Alltech
Alltech was established in 1980 and is headquartered in Nicholasville, U.S. It operates in 128 countries and is engaged in various industries, including agriculture, biotechnology, fitness, and healthcare. In 2023, Alltech announced three new additions to the pig and poultry teams.
- Kent Nutrition Group
Kent Nutrition Group was established in 2010 and is headquartered in Muscatine, Iowa, United States. It operates in more than 60 countries and is engaged in various industries, including agriculture, food and beverage, and healthcare.
- DLG Group
DLG Group was established in 1985 and is headquartered in Fredericia, Denmark. It operates in 18 countries and is engaged in various sectors, including farming, food, cold chain logistics, hospitality, education, and consulting.
- Nutreco
Nutreco was established in 1994 and is headquartered in Amersfoort, Netherlands. It operates in more than 40 countries and is engaged in various industries, including animal feed, aquaculture, and food processing.
- De Heus Animal Nutrition
De Heus Animal Nutrition was established in 1911 and is headquartered in Ede, Gelderland, the Netherlands. It operates in 75 countries and is engaged in offering animal food and feed products and services. In 2021, De Heus launched a feed additive plant.
Definition: Swine feed refers to the nutritional mixture of grains, proteins, vitamins, and minerals specifically formulated for feeding pigs.
