South America Swine Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Starter Feed, Sow Feed, Grower Feed, Others), By Form (Pellets, Mash, Crumbles), By Additives (Antibiotics, Vitamins, Amino Acids, Enzymes, Others), And By Country - Forecasts From 2022 To 2027
- Published : Jun 2022
- Report Code : KSI061612405
- Pages : 90
The South America swine feed market is projected to grow at a CAGR of 3.52% to reach US$6.696 billion by 2027.
Swine feed is made up of a variety of nutrients derived from both plant and animal sources, with the primary ingredients being soy meal, maize, barley, minerals, vitamins, wheat, sorghum, and other micronutrients, as well as antibiotics.
This market's expansion can be ascribed to a large increase in demand for pork products. Furthermore, demand for the feed type is rising as a result of the rising popularity and adoption of well-researched and enhanced feed additives that aid in pig health. Demand for animal-origin products has risen in recent years due to changing lifestyles, rising incomes, and population growth. The increased commercialization of feed products, as well as rising pork meat consumption in the area and globally, are likely to boost the growth of the South American swine feed market.
The demand for organic products has risen in recent years, influencing consumers' preferences for organic and high-quality meat. Consumers are more interested in health, environmental sustainability, and animal welfare, encouraging them to buy pasture-raised and organic swine meat. Furthermore, leading producers are combining non-GMO swine feed ingredients such as maize, soybeans, and other non-GMO swine feed ingredients into organic feed, which is expected to drive market expansion in the next years. Additionally, Players concentrating on reducing carbon footprints in pig feed formulation and manufacturing, as well as the introduction of new feeding methods and awareness initiatives in the pig feed sector, are expected to drive market expansion.
However, one of the key reasons limiting market performance is the huge price volatility connected with the raw materials used in pig feed, such as corn, soybean, barley, and others. The industry is severely impacted by regular price variations in grains and pulses due to environmental, political, and production issues. Furthermore, various variables, such as the growing vegan community and those who avoid eating meat, are hurting regional market growth.
By type, the market is divided into three types: starter feed, sow feed, and grower feed. Because of the growing number of piglets and their high consumption, the grower feed segment is expected to dominate the market. Grower feed supplies the essential nutrients for optimal piglet growth, which is also one of the reasons for its larger market share. Furthermore, the industry is expected to be driven by increased demand for high-quality starting foods for young pigs aged 5 to 6 weeks.
Due to their important roles in enhancing hormone metabolism, muscle protein, digestive enzymes, milk protein, and other functions in swine, amino acids are projected to have the biggest proportion of the additives segment compared to others. Diets frequently include amino acids including lysine, methionine, and valine. Other additives such as vitamins and enzymes, on the other hand, are seeing a significant increase in feed inclusion as they aid in holistic growth.
Pellets occupy the largest share in the category by form and are expected to continue to do so in the coming years, owing to the advantages they provide over other forms. Pellets are the most popular type of feed among pig farmers because they are more pleasant and easily digestible, as well as easier to handle, mix, and feed. Additionally, their greater availability, potential to improve performance, and low waste and cheap cost solution make them more desirable than the competition.
Brazil is not only the biggest producer but also the leading exporter of live pigs in South America. Brazilian farmers seek high-quality feed for growing their pigs since pig meat quality is a crucial criterion in determining export value. According to the ITC Trade Map, export value climbed from USD 4.2 million in 2017 to USD 6.5 million in 2019. Pig feed materials in the country include soya beans, cassava, rice bran, broken rice, maize, and vegetables. Because swine exports are an essential component of the country's economy, swine feed investment for raising high-quality hogs is likely to rise substantially during the forecast timeframe.
The global outbreak of the COVID-19 pandemic has impacted practically every business, presenting the pig feed industry with some unique difficulties and opportunities. Various government controls were enacted in the early months of the outbreak, resulting in the temporary closure of many companies. Restricted public mobility, labor shortages, transit delays, and border closures were all factors that contributed to the market's slow expansion. However, due to consumers' desire to keep fit and healthy throughout the pandemic, demand for animal-rich protein increased, providing an opportunity for pig and other animal feed makers to develop in the following years. Due to COVID-19, there has been an uneven demand for pig feed across different locations.
Cargill, Inc. announced the inauguration of its animal nutrition premix factory in Ohio, United States, in February 2021. The plant uses cutting-edge technology to make high-quality, traceable swine and other animal feed premix.
BASF SE and Adifo Software launched a new digital animal agriculture solution in December 2020, combining BASF's AgBalance Livestock project with Adifo's BESTMIX feed formulation software. This collaboration was expected to improve feed formulation for livestock animals such as pigs, cattle, poultry, and other birds.
- By Type
- Starter feed
- Sow feed
- Grower feed
- By Form
- By Additives
- Amino Acids
- By Country
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. South America Swine Feed Market Analysis, by Type
5.2. Starter feed
5.3. Sow feed
5.4. Grower feed
6. South America Swine Feed Market Analysis, by Form
7. South America Swine Feed Market Analysis, by Additives
7.4. Amino Acids
8. South America Swine Feed Market Analysis, by Country
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Cargill Inc.
10.2. Purina Mills Inc. (Land O Lakes)
10.3. Alltech, Inc.
10.4. Archer Daniels Midland
10.5. ForFarmers NV
10.6. De Hues
10.7. DSM NV
10.8. Lallemand Animal Nutrition
10.9. Trouw Nutrition (Nutreco NV)
Purina Mills Inc. (Land O Lakes)
Archer Daniels Midland
Lallemand Animal Nutrition
Trouw Nutrition (Nutreco NV)
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