The Asia-Pacific swine (pig) feed market was valued at USD 1.13 billion in 2023 and is anticipated to reach USD 1.21 billion by 2025 from USD 2.13 billion by 2033, growing at a CAGR of 7.29 %, from 2025 to 2033.
Pigs are farmed in many countries over the globe but most of the consumption is from Asian countries. Mainly this is due to the intercontinental and international trade in live and slaughtered pigs. In 2016, Asia-Pacific was the largest consumer in the swine feed additives market, consuming 43% of the total market. Even though China has the world's largest pig population, China is a net importer of pigs and has been increasing its imports during the economic development of the country.
The rise in pork production and increasing certainties related to the quality of pork meat is driving the growth of the global swine feed market. The growing pig population is also injecting huge growth scope in swine feed market. In 2013, about 978 million pigs were present across the world, and these numbers are expected to cross 1.5 billion by the end of 2022. Out of 978 million pigs, around 485 million pigs are present in China, which accounts for about 50 percent of the total world pig population.
In the Asia-Pacific region, China dominates over 80% of the Asia-Pacific swine feed market and over 39% of the global swine feed market. The factors driving the large Asia-Pacific market are a rise in population, High return on investment, and growing demand for pork meat, many corporate company’s investments in the market, and the developing economies of the countries. However, the occurrence of pathogenic diseases in pork meat is hindering the growth of the global swine feed market. There are some challenges, such as instability in feed prices, which are expected to hamper the growth in the global swine feed market. The instability of price is influenced by fluctuations in the price of raw materials and scarcity of raw materials in the region.
Asia-Pacific Swine (Pig) Feed Market By Additive
Moreover, the market is also segmented on the basis of the feed essence, such as vitamins, antioxidants, antibiotics, feed acidifiers, feed enzymes, amino acids, and others.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is one of the most lucrative markets for the growth of swine feed market and it is projected to grow the highest during the forecast period. Factors such as growing demographics and emerging economies in countries such as India and China are anticipated to lead the growth of the market in this region. Asia-Pacific was the largest consumer in the swine feed additives market in 2016, consuming 43% of the total market. Despite having the world's largest pig population, China is a net importer of pigs, and has been increasing its imports during its economic development. Asia-Pacific market was growing with a CAGR of 7.29% and a market share of 16 % over the global market.
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.
This research report on the Asia-Pacific swine (pig) feed market is segmented and sub-segmented into the following categories.
By Type
By Additive
By Country
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