IMARC Group, a leading market research company, has recently released a report titled “United States Swine Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States swine feed market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Swine Feed Market?
The United States swine feed market size reached US$ 23,032.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 31,757.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What is Swine Feed?
Swine feed represents the dietary supplement for pigs, which is prepared from soybean, natural corn, wheat ingredients, etc. It is usually fortified with essential fatty acids, amino acids, vitamins, minerals, etc. Swine feed is formulated to enhance performance goals and herd health. It comprises proteins that are made with all-natural plant sources and fungal-based enzymes. Swine feed aids in improving performance goals and herd health. It is commonly available in numerous forms in the market, which include crumbs, mash, pellets, etc. Swine feed is formulated to boost efficiency and maintain energy, weight, and milk production levels.
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What are the Growth Prospects and Trends in the United States Swine Feed Industry?
The escalating demand for pork, as it is cheaper and highly nutritious and contains cholesterol and less fat as compared to beef and other meat products, is primarily driving the United States swine feed market. Additionally, the inflating need for animal protein is further bolstering the market growth. Besides this, the widespread adoption of high-quality product variants that are incorporated with well-researched and advanced premixes and additives to stimulate swine health is acting as another significant growth-inducing factor. Moreover, the increasing commercialization of feed products for pigs and the growing popularity of black soldier fly larvae oil in swine feed are positively influencing the global market. Apart from this, the elevating awareness among farmers towards the harmful impacts of using antibiotics, hormones, and other chemicals in swine feed is also catalyzing the market growth. Furthermore, the widespread adoption of organic farming is anticipated to fuel the United States swine feed market over the forecasted period.
What is Included in Market Segmentation?
The report has categorized the market based on product type, feed essence and feed additive type.
Breakup by Product Type:
- Grower
- Starter
- Sow
- Others
Based on Feed Essence:
- Vitamins
- Antioxidants
- Feed Acidifiers
- Feed enzymes
- Amino acids
- Others
Breakup by Feed Additive Type:
- Zootechnical Feed Additives
- Sensory Feed Additives
- Nutritional Feed Additives
Regions:
- Northeast
- Midwest
- South
- West
Who are the Key Players Operating in the United States Swine Feed Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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