China is Expected to Hold the Leading Share in the Asia Pacific Pig Food Market During the Forecast Period
Increasing awareness
regarding the nutritional advantages of pig food among small-scale farmers is
expected to drive the growth and demand of the pig food market during the
forecast period.
According to TechSci Research report, “Asia Pacific Pig Food Market- By Country, Competition Forecast and
Opportunities, 2017-2027”, the Asia Pacific Pig Food Market is expected to register
an impressive rate in the forecast period. Pig food is used for development,
maturation, maintenance, milk production, and increasing calories. Pigs have
almost similar digestive systems to Homo sapiens, so they cannot digest the
massive amount of silage, hay, and pasture grasses. Pig food is prepared from
various ingredients such as oat grains, grains, soybeans, pulses, and corn. Pig
food is classified into medicated feed and non-medicated feed. Medicated feed
is used to prevent or cure various diseases and non-medicated feed is used
along with feed additives such as vitamins, proteins, and minerals to make the
pig healthy. Industry trends in the market are evolving, which will aid players
in developing successful long-term strategies. Both established and emerging
markets have implemented business growth techniques.
The growing emphasis on
biosecurity is driving the Asia Pacific pig food market, which has, in turn,
compelled manufacturers to use premium ingredients when creating their goods.
This trend is being driven by increased consumer awareness and demand for
high-quality goods. Pork is also less expensive than other types of meat, which
has led to a significant increase in its consumption in both developed and
developing countries. Customers' interest in its palatability, fat quality, and
texture is another factor driving the demand for pork. The Asia Pacific pig
food market is expanding owing to an expanding middle class, rising disposable
income, and shifting consumer preferences.
Browse over XX market
data Figures spread through 70 Pages and an in-depth TOC on "Asia Pacific Pig Food market"
Based on product
type, the market is segmented into starter, grower, and finisher. Among these,
the grower pigs held the market's leading share during the forecast period.
Grower pigs are young pigs that progress more quickly than other pigs. Grower
pigs are more capable of accumulating protein and
converting feed more quickly.
On the basis of
form the market is segmented into pellets, mash, and crumbs. Among these,
pellets were the fastest-growing segment in the market during the forecast
period. The market expansion results from its excellent palatability, increased
feed effectiveness, and improved pig performance. Owing to their simplicity of
use and contribution to average daily gain, pelletized products are more
popular among pig farmers.
The market is
segmented based on additives: vitamins, feed enzymes, antioxidants,
antibiotics, amino acids, and others. Among these, the vitamins segment holds
the leading share in the market during the forecast period. While most foods
naturally contain vitamins, livestock meals also have additional vitamin
supplements to ensure the highest level of nutrition. Vitamins A, D, E, K, and
riboflavin are the most frequently used vitamin additives, and they are added
as supplements to the mixture to support and maintain pig health.
Based on
country, the market is segmented into China, India, Japan, Vietnam, South
Korea, Indonesia, Thailand, Malaysia, Singapore, and Taiwan. Among these, China
holds the leading share in the market during the forecast period. The
consumption of high-protein diets in developing nations such as China is expected
to drive the market's expansion in this area.
Major companies operating in the Asia-Pacific
pig food market are:
·
Charoen Pokphand Foods PCL
·
Cargill Inc.
·
New Hope Group
·
Alltech Biotechnology Corporation Co., Ltd.
·
ADM Animal Nutrition
·
Chr. Hansen Holding A/S
·
Novus International, Inc.
·
Lallemand Inc.
·
BASF SE
·
Alltech, Inc.
Download Sample Report
Customers can also
request for 10% free customization on this report.
" The rising pork consumption in nations such as China,
Vietnam, the Philippines, and Thailand is a significant driver of the Asia
Pacific pig food market. Growing pig food production owing to increased
consumer awareness regarding the importance of eating healthy positively
affects the market expansion. In addition, producers are adding vitamin
supplements and other nutrients to the feed to enhance the flavor and texture
of the pork, which is driving the demand among farmers for pig feed.
Additionally, there are now more pig food mills than ever before, especially in
nations such as India and Japan, owing to small-scale pig farmers' growing
awareness of the nutritional advantages of pig food,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Asia Pacific Pig Food Market By
Product Type (Starter, Grower, and Finisher), By Form (Pellets, Mash, Crumbs), By
Additives (Vitamins, Feed Enzymes, Antioxidants, Antibiotics, Amino acids and
Others), By Country,
Competition Forecast and Opportunities, 2027 has evaluated the future growth potential of Asia Pacific pig
food market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Asia Pacific pig food market.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]
Website:
https://www.techsciresearch.com/