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

The report covers Global Swine Feed Market Share and it is Segmented by Ingredient (Cereals, Cereal By-Products, Oil seed meal, Oils, Molasses, Supplements, and Others), Supplements (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Acidifiers) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.

Swine Feed Market Size

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Swine Feed Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 108.15 Billion
Market Size (2029) USD 134.76 Billion
CAGR (2024 - 2029) 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Swine Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Swine Feed Market Analysis

The Swine Feed Market size is estimated at USD 108.15 billion in 2024, and is expected to reach USD 134.76 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).

  • Swine livestock production has been growing across the world to support the needs of the changing diet patterns of the populations, particularly in developing markets. In addition to the growing demand for animal protein and the industrialization of livestock production, other factors driving the swine feed market include the increasing focus on animal welfare and sustainability. Consumers are becoming more concerned about the origin and quality of their food, leading to a rise in demand for products from animals raised in humane and sustainable conditions. This trend is driving the adoption of new feeding practices and technologies that promote animal welfare and reduce environmental impacts.
  • The livestock sector in the global market, especially in Asia-Pacific, is increasingly becoming industrial, with many farmers remaining small and marginal in countries like India and China. With a large number of live swine animals, Asia-Pacific is the leading feed-consuming region in the world, followed by Europe, and thus, they have a direct impact on the swine feed market. The increasing scale of livestock production in the regions has contributed to the increase in feed production capacities in the region's major economies, such as China, India, Russia, and Spain.
  • High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in the livestock industry and meat manufacturers to use good quality feed and are anticipated to drive the swine feed market globally.

Swine Feed Market Trends

Increasing Demand for High-value Animal Protein

There has been increasing pressure on the livestock industry to meet the rising demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. With greater awareness among the population regarding the importance of protein-rich diets, an increase in the consumption of animal protein sources is expected. This is expected to fuel the growth of the market through the usage of high-quality feed for swine, as pork is one of the most popular and widely consumed meat worldwide, majorly in Europe and Southeast Asia.

Due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of the gross domestic product than the industrialized countries a couple of decades ago. Urbanization also contributes actively to the increased demand for pork meat.

Compared to rural areas, cities have varied diets rich in animal proteins and fats. The income levels and consumption of animal protein are correlated. Therefore, the increasing per capita income in regions like Asia-Pacific has led to a surge in swine meat production in the region. The worldwide economic downturn has had a limited effect on the region. Therefore, the swine meat industry has maintained a positive outlook over the past decade, which will impact the growth of the swine feed market.

Swine Feed Market: Production Quantity in million metric ton, Pig Meat, Global, 2020-2021

Asia-Pacific Region Dominates the Market

Asia is the leading pork consumption and production market, accounting for about half of the world's production. The Asia-Pacific region is the largest market for swine feed products due to the huge pork meat consumption. South East Asia is the world's largest producer and exporter of pork, followed by Europe and North America. Pork meat has been consumed in the region since ancient times and is the most preferred meat due to its fat content and taste. China is the primary market for pork production, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Japan, South Korea, and Taiwan are the saturated markets for pork consumption, while Vietnam and the Philippines are emerging markets.

China holds the topmost position in terms of compound feed consumption. Factors such as the increasing consumption of pork, rising income among the middle-class population, and urbanization are leading to increased pork consumption in the country. Consequently, the increased demand for meat and rising costs of raw materials for animal consumption drive the demand for swine feed.

In 2021, China has around 454.8 million swine population, accounting for more than 50% in the region. The demand is also generated from the processed meat industry, which is growing at a healthy rate and requires high-quality pork meat. The adoption of intensive livestock farming systems is expected to help maintain a steady growth rate of swine feed.

Geography Share

Swine Feed Industry Overview

The global swine feed market is slightly consolidated with major players like Cargill Inc., Nutreco NV, Land O' Lakes Inc., Charoen Pokphand Foods PCL, ADM, For Framers BV, and DLG Group. Major companies are adopting strategies, such as mergers and acquisitions, expansion, and partnerships, to increase their market shares. The leading companies are focused on acquiring feed mills and small manufacturing facilities for the expansion of their businesses in domestic and international markets.

Swine Feed Market Leaders

  1. Cargill Inc.

  2. Land O' Lakes Purina

  3. Nutreco NV

  4. Archer Daniels Midland

  5. Charoen Pokphand Foods PCL

*Disclaimer: Major Players sorted in no particular order

Swine Feed Market Concentration
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Swine Feed Market News

  • January, 2023: Cargill expanded their partnership with BASF in the animal nutrition business, adding research and development capabilities and new markets to the partners' existing feed enzymes distribution agreements. This partnership helped develop, produce, market, and sell customer-centric enzyme products and solutions for animals, including swine.
  • May, 2022: ADM company acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation. The acquisition helps in providing a wide range of products to meet Asia's demand in the animal nutrition market.
  • July, 2021: De Heus acquired a feed manufacturing company Coppens Diervoeding, a Netherland-based company specializing in the pig farming sector. This acquisition helped the company to increase its production capacity by 400k and strengthen its regional presence.

Swine Feed Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of Substitute Products

      4. 4.3.4 Threat of New Entrants

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Ingredients

      1. 5.1.1 Cereals

      2. 5.1.2 Cereals by products

      3. 5.1.3 Oilseed Meal

      4. 5.1.4 Oils

      5. 5.1.5 Molasses

      6. 5.1.6 Supplements

      7. 5.1.7 Other Ingredients

    2. 5.2 Supplements

      1. 5.2.1 Antibiotics

      2. 5.2.2 Vitamins

      3. 5.2.3 Antioxidants

      4. 5.2.4 Amino Acids

      5. 5.2.5 Enzymes

      6. 5.2.6 Acidifiers

      7. 5.2.7 Other Supplements

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. France

        4. Germany

        5. Russia

        6. Italy

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Africa

        1. South Africa

        2. Rest of Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Charoen Pokphand Foods

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Land O' Lakes Inc.

      4. 6.3.4 Alltech Inc.

      5. 6.3.5 Archer Daniels Midland Company

      6. 6.3.6 KENT Nutrition Group

      7. 6.3.7 Forfarmers BV

      8. 6.3.8 DLG Group

      9. 6.3.9 Nutreco NV

      10. 6.3.10 J.D. Heiskell & Co.

      11. 6.3.11 De Heus BV


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Swine Feed Industry Segmentation

Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micronutrients, and antibiotics. 

The Swine Feed Market is Segmented by Ingredient (Cereals, Cereal By-Products, Oilseed Meal, Oils, Molasses, Supplements, and Other Ingredients), Supplements (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Acidifiers) and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.

Cereals by products
Oilseed Meal
Other Ingredients
Amino Acids
Other Supplements
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
South Africa
Rest of Africa
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Swine Feed Market Research FAQs

The Swine Feed Market size is expected to reach USD 108.15 billion in 2024 and grow at a CAGR of 4.5% to reach USD 134.76 billion by 2029.

In 2024, the Swine Feed Market size is expected to reach USD 108.15 billion.

Cargill Inc., Land O' Lakes Purina, Nutreco NV, Archer Daniels Midland and Charoen Pokphand Foods PCL are the major companies operating in the Swine Feed Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Swine Feed Market.

In 2023, the Swine Feed Market size was estimated at USD 103.49 billion. The report covers the Swine Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Swine Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Pig Feed Industry Report

Statistics for the 2024 Pig Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pig Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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