Global Swine Feed Minerals Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s swine feed minerals market report forecasts the swine feed minerals market size to grow to $182.35 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
Learn More On The Swine Feed Minerals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/swine%C2%A0feed-minerals-global-market-report
Swine Feed Minerals Market Size Forecast
The global swine feed minerals market is expected to grow from $121.82 billion in 2022 to $132.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The swine feed minerals market size is expected to grow to $182.35 billion in 2027 at a CAGR of 8.3%.
Asia-Pacific held the largest swine feed minerals market share.
Key Swine Feed Minerals Market Driver – Increase In The Demand For Organic Meat
For instance, SPINS, a US-based wellness-focused data technology company, found that about 70% of millennial pet owners want natural and organic products for their pets. Therefore, the demand for organic meat is driving the growth of the swine feed minerals market.
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Key Swine Feed Minerals Market Trend – Product Innovations
Major companies operating in the swine feed minerals market are focused on developing new product solutions to strengthen their position. For instance, in August 2020, BASF,a German-basedd company operating in swinefeed introduced the new phytase Natuphos® E for unlocking vital nutrients for the feed industry in Japan. Natuphos® E will help animals better utiliseimportant nutrientss making livestock feed more cost-effective and environmentally friendly. The innovative enzyme promotes healthy growth and reduces phosphorus emissions from livestock with unique features such as its exceptional stability based on the new molecule.
Swine Feed Minerals Market Segment
1) By Product: Starter Feed or Grower Feed, Sow Feed, Pig Grower Feed, Other Products
2) By Ingredients: Cereal, Oilseed Meal, Oil, Molasses, Other Ingredients
3) By Additives: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Other Additives
Swine Feed Minerals Market Major Players and Strategies
Major players in the swine feed minerals market are Alltech Inc., Archer Daniels Midland Company, Cargill Incorporated, Charoen Pokphand Foods Public Company Limited, Kent Corporation, Nutreco N.V, BASF SE,Land O’Lakes Inc., CHR. Hansen Holdings A/S, Lallemand Inc., Novus International Inc., De Heus B.V., Direct Line Insurance Group plc, Forfarmers B.V., J.D. Heiskell & Company Inc., and Associated British Foods plc.
In December 2021, Nutreco, a Dutch producer of animal nutrition, fish feed, and processed meat products, acquired Nutrimin for an undisclosed amount. This acquisition of Nutrimin will give Trouw Nutrition further access to Danish and Danish-owned farms in Eastern Europe and Russia. Nutrimin is a Dutch-based company operating in swine feed minerals.
The Swine Feed Minerals Global Market Report 2023 covers regional data on swine feed minerals market size, swine feed minerals market trends and drivers, opportunities, strategies, and swine feed minerals market competitor analysis. The countries covered in the swine feed minerals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Swine feed minerals refer to swine feed with a sufficient amount of energy, protein, minerals, and vitamins. Pigs require protein sources to grow and to improve performance. These minerals are used as feed for pigs.
View More Reports Related To The Swine Feed Minerals Market –
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Feed Binders Global Market Report 2023
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