Asia-Pacific Swine Feed Market Trends

Statistics for the 2023 & 2024 Asia-Pacific Swine Feed market trends, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Swine Feed trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Asia-Pacific Swine Feed Industry

This section covers the major market trends shaping the APAC Swine Feed Market according to our research experts:

Increasing Demand for Pork Meat

Pork is the most popular and widely consumed meat in developing countries and specifically in Asian countries. Pork is cheaper than other meat sources, which is a major factor for its high consumption. In addition, its palatability, fat content, and texture fascinates the consumer. The large middle-class population, growing disposable income, and changing consumer preferences are levitating the pork demand. Pork production and consumption are very high in China, Vietnam, Indonesia, and India. Pork is highly nutritious meat as it contains high protein, and less fat and cholesterol, as compared to beef and other meat sources. It provides a protein-rich meat source for consumers at a low cost, which makes it an affordable animal meat protein source for consumers in the region. Thereby, boosting the demand for swine feed in the region.

Asia-Pacific Swine Feed Market Size

China Dominates the Market

China is capturing a major share of the market by its dominance in swine feed additives. This is followed by other Asian countries such as India and Japan. The Asia Pacific is estimated to be one of the remunerative markets for the growth of the swine feed market, and it is projected to grow the highest during the forecast period. The awareness to consume high protein diets in emerging economies like India and China are anticipated to lead the growth of the market in this region. Although the consumption of pig meat is low in Australia the consumption is increasing at a good pace which registered an increase from 385.08 thousand tons in 2017 to 395.03 thousand tons in 2019 owing to the demand from the growing population of the country. Thus, the demand for fresh and quality meat in these countries will drive the market for swine feed in Asia-Pacific.

Asia-Pacific Swine Feed Market Share

Asia Pacific Swine Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)