The Global Swine (Pig) Feed Market was worth $ 5.47 billion in 2016 and estimated to be growing at a CAGR of 5.5%, to reach $ 7.15 billion by 2021.

Hyderabad, India -- (SBWire) -- 03/09/2018 --Pork is the cooking name for the meat of the domestic swine or pig. It is one amongst the common types of meat consumed across the world. Like alternative meat obtainable within the market, pork is also eaten freshly grilled and also preserved. Examples of preserved pork are ham, bacon, gammon and sausage. Pork may be a common meat within the Western world and quite common in Chinese dishes.

Feed additives primarily enhance the feed and food quality. Swine feed, in particular, delivers nutrition to swine. They also make the food more digestible. Swine feed additives help to increase the profitability of pork production.

Every class of swine have a particular nutrition requirement. Compared to older pigs, younger pigs need a higher dietary level of proteins & nutrients. According to that requirements the feed market also classifies various types of feeds for each class of pigs.

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Swine (Pig) Feed Market: Drivers and Challenges
The major factors driving the Swine (Pig) Feed market are increasing demand for pork, increasing pork prices, and need to prevent pigs die from a new disease outbreak. Increasing awareness about health consciousness about pork and its nutritional values is also driving the growth of this market.

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The key challenge restraining the Swine (Pig) Feed market is the high rates of feed and additives used.

In Swine (Pig) Feed market, some of the key manufacturers are CHR Hansen Holdings A/S (Denmark), Lallemand Inc (Canada), Novus International Inc. (U.S), Royal DSM N.V. (The Netherlands), BASF (Badishce Anilin und Soda Fabrik) (Germany), Alltech Inc. (U.S), ADM (Archer Daniels Midland Company) (U.S), Charoen Popkhand Foods (Thailand), Cargill Inc. (U.S) and ABF Plc (Associated British Food) (U.K)

Regional Overview
Europe is holding the largest market share currently for Swine (Pig) Feed market occupying a share about 37% of global share, followed by North America. This growth is attributed to factors such as the rise in efforts to reduce feed cost and increasing animal productivity.

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In Asia – Pacific region, the Swine (Pig) Feed market is witnessing high growth rate due to developing countries with high disposable incomes and backed by the buoyant domestic demand, and government support are the primary reasons for the particularly strong growth in this market.

Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
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