The North American Swine Feed market was valued at US$15.487 billion for the year 2020. 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 attributed 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 as a result of 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 North 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, which encourages 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 coming 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, soybeans, 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 an increase in 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 in comparison to others. Diets frequently include amino acids like lysine, methionine, and valine. Other additives such as vitamins and enzymes, on the other hand, are seeing a large 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 low-solutions cost make them more desirable than the competition.
By country, the United States controls the majority of the regional market. This is due to the animal feed and pet food manufacturing business being one of the most important contributors to the country's economic activities. According to the Alltech Feed Survey, 2020, with broiler, cattle, and pigs as the key species, the United States is the largest feed-processing country. Another element boosting the industry's expansion in the country is the need for high-quality pig meat. Increased pork exports from Canada and the United States provide new market options.
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, labour shortages, transit delays, and border closures were all factors that contributed to the market's slow expansion. However, as a result of 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 is expected to improve feed formulation for livestock animals such as pigs, cattle, poultry, and other birds.
This market's expansion can be attributed 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 as a result of 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 North 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, which encourages 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 coming 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, soybeans, 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 an increase in 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 in comparison to others. Diets frequently include amino acids like lysine, methionine, and valine. Other additives such as vitamins and enzymes, on the other hand, are seeing a large 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 low-solutions cost make them more desirable than the competition.
By country, the United States controls the majority of the regional market. This is due to the animal feed and pet food manufacturing business being one of the most important contributors to the country's economic activities. According to the Alltech Feed Survey, 2020, with broiler, cattle, and pigs as the key species, the United States is the largest feed-processing country. Another element boosting the industry's expansion in the country is the need for high-quality pig meat. Increased pork exports from Canada and the United States provide new market options.
COVID-19 Impact
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, labour shortages, transit delays, and border closures were all factors that contributed to the market's slow expansion. However, as a result of 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.
Recent Development
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 is expected to improve feed formulation for livestock animals such as pigs, cattle, poultry, and other birds.
Market Segmentation:
By Type
- Starter feed
- Sow feed
- Grower feed
By Form
- Pellets
- Mash
- Crumbles
By Additives
- Antibiotics
- Vitamins
- Amino Acids
- Enzymes
By Country
- United States of America
- Canada
- Mexico
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. North America Swine Feed Market Analysis, by Type
6. North America Swine Feed Market Analysis, by Form
7. North America Swine Feed Market Analysis, by Additives
8. North America Swine Feed Market Analysis, by Country
9. Competitive Environment and Analysis
10. Company Profiles
Companies Mentioned
- Tyson Foods
- Alltech
- Cargill, Incorporated
- Purina Swine Nutrition (Land O’Lakes)
- Kemin Industries, Inc.
- BASF SE
- Hi-Pro Feeds
- Kent Nutrition Group
- Perdue Farms
Methodology
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