The Europe Swine (Pig) Feed Market was worth $ 1.42 billion in 2016 and estimated to be growing at a CAGR of 5.13 %, to reach $ 1.83 billion by 2021. Pork is the culinary name for the meat of the domestic pig. It is the most common types of meat consumed over the globe. Feed additives play an important role in improving the nutrition to the swine and they mainly enhance the feed and food quality. Swine feed provides nutrition to swine in the course of rearing them. Feed extracts are an important source of nutrition given that they make the feed more digestible.
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The feed essences that are contained in the diet of pigs are enzymes, emulsifiers, antimicrobials, and antioxidants. Swine feed can be in numerous forms, including cereals, cakes, meals, vitamins, minerals, and fats and oils. The complement fed to swine include hay, grass, and certain types of legumes. This swine feed is rich in fibre content, vitamins, and minerals, it offers numerous nutritional advantages. The consumption of pork is increasing in new markets and thus leads to have a huge market for swine feed.
The rising volumes of pork production, combined with the escalating demand for high quality meat from pork, will contribute to the rising demand for swine feed the world over. Demand for quality meat products by consumers has significantly contributed to the rising demand for swine feed. Increasing industrial livestock production and technological innovations in the meat processing industry are creating demand for high-quality meat. High investment, unpredictable cost of feed, high cost of feed enhances are the restraints in this market.
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Swine (Pig) Feed Market is categorised by Type, Additive and by Region. On the basis of Type, swine feed market is further segmented into Pig Starter feed, Grower feed, Sow feed and Others. On the basis of the feed additive types, the market is classified into Zootechnical feed additives, Sensory feed additives and Nutritional feed additives. Moreover, the market is also segmented on the basis of the feed essence, like Vitamins, Antioxidants, Antibiotics, Feed acidifiers, Feed enzymes, Amino acids and Others. On the basis of region, the swine feed market is classified into North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. The market in this region is projected to grow strongly during the forecast period due to demand for pork and rise in population. The European swine feed market has a share of 26% in the global swine feed market. The European swine market is increasing at a CAGR of 5.13% in the forecast period.
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CHR Hansen Holdings A/S (Denmark), Novus International Inc. (U.S), Lallemand Inc (Canada), BASF (Badishce Anilin und Soda Fabrik) (Germany), Royal DSM N.V. (The Netherlands), ADM (Archer Daniels Midland Company) (U.S), Alltech Inc. (U.S), Charoen Popkhand Foods (Thailand), Cargill Inc. (U.S) and ABF Plc (Associated British Food) (U.K) are some of the important companies in the swine feed market.
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