Market Size of Swine Feed Premix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.10 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Swine Feed Premix Market Analysis
The swine feed premix market is projected to register a CAGR of 3.1% during the forecast period.
- The factor that impacted the piggery industry in 2019 is the rapid spread of African Swine Fever (ASF). ASF is a fatal disease that has a fatality rate of about 100%. The disease severely impacted the production of pig meat in the Asia-Pacific region, which is the major region for rearing swine. It is estimated that about 5 million pigs were culled in China, Mongolia, Vietnam, Cambodia, Laos, Myanmar, the Philippines, and South Korea. ASF has severely impacted the swine feed premix industry in the region and worldwide.
- Although the East and Southeast Asian regions were severely impacted due to ASF, the North American region witnessed a steady growth in the review period. The region is expected to balance out the decelerated growth in Asia during the forecast period.
