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The swine feed minerals market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The Swine Feed Minerals Market Size In 2022 And Forecast

The global swine feed minerals market is expected to grow from $112.17 billion in 2021 to $121.58 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The market is expected to grow to $167.63 billion in 2026 at a CAGR of 8.4%.

The swine feed minerals market consists of sales of swine feed minerals products by entities (organizations, sole traders, and partnerships) that are used as feed for pigs.

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Increase In The Demand For Organic Meat Is Driving The Growth Of The Swine Feed Minerals Market

For instance, SPINS, a US-based wellness-focused data technology companyy, 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

Competitive Landscape And The Regional Analysis Of The Swine Feed Minerals Market

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.

Additionally, as per TBRC’s research – Asia-Pacific was the largest region in the swine feed minerals market in 2021 holding the largest market share.

The Swine Feed Minerals Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the swine feed minerals market.

Product Innovations – A Key Trend In The Swine Feed Minerals Market

Major companies operating in the swine feed minerals market are focused on developing new product solutions to strengthen their position.

Swine Feed Minerals Market Segmentation By The Business Research Company

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

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Feed Acidifiers Global Market Report 2022

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