The Asia Pacific Pig Food market is expected to grow at an
impressive pace during the forecast period. Pig food includes differently prepared,
partially prepared, and raw foods that are created by blending different
necessary nutrients. They aid in preserving the pigs' health and well-being.
Natural corn, soybean, and wheat-based ingredients are some raw materials used
to make pig food. In
2021, there were more than 750 million pigs across the globe. Pig farmers in the Asia Pacific region use
pig food to encourage pig growth and acid resistance and improve pork quality.
Small-holder farmers typically feed their pigs cereals and cereal by-products,
while wealthy farmers supplement their feed to ensure the healthy growth of
their animals. Thus, every type of item and component needed for animal
nutrition has a place in the feed market.
The Asia-Pacific pig food market is expanding
primarily owing to rising demand for pig meat in numerous nations, including
China, Vietnam, Thailand, etc. To improve the flavor and texture of the pork,
numerous local producers are also adding vitamin supplements and other
nutrients to the pig food. Additionally, the Asia Pacific region is seeing an
increase in pig food mills as people become more aware of the various nutritional
advantages of pig food. Accordingly, many pig farmers are converting from
traditional pig food to premium and functional substitutes that help raise
pigs' resistance to enzootic diseases.
Rising Demand for Pork Meat Drives the Market Growth
In developing nations, particularly
Asian nations, pork is the most popular and widely consumed meat. As it is less
expensive than other types of meat, pork is consumed much more frequently. The
demand for pork is rising due to the sizable middle-class population, rising
disposable income, and shifting consumer preferences. China, Vietnam, and
Indonesia, have very high pork production and consumption levels. Compared to
beef and other meat sources, pork has a higher protein content and lower fat
and cholesterol levels, making it highly nutritious. It offers consumers a
cheap source of meat that is high in protein, making it an accessible source of
animal protein for people in the area.
Increasing Consumer Awareness Regarding Animal
Health Fuels the Market Growth
The market is expected to grow as animal
health is given more attention. Demand for animal feed will almost certainly
rise as cattle farming grows. Humans' increasing desire for animal-based food is
expected to increase market demand. Supporters of natural growth can be counted
on to be active in the market as they gain traction. Demand for the market has
increased owing to consumer awareness regarding the benefits of using feed
additives to reduce diseases such as heart
attacks, strokes, and high blood pressure, etc.
Rising Demand for High-value Animal Protein
Drives the Market Growth
The livestock sector has come under
increasing pressure to meet the growing demand for meat and high-quality animal
protein. Global livestock production has increased due to urbanization, rising income
in developing countries, and population growth. An increase in the consumption
of animal protein sources is anticipated as public awareness of the value of
diets high in protein
increases. Pork is one of the most popular and widely consumed meats in Asian
nations. Therefore, this is expected to fuel the market's growth through the
use of high-quality pig food.
Advance Technology Drives Market Growth
With the rapid advancement of technology
in recent years, the feed manufacturing sector has seen several innovations
that have improved the manufacturing process. Pelletizing is one such
technology. It is a practical way to enhance bulk density, improve feed
handling, reduce dustiness, and reduce diet segregation. Additionally,
producers are developing cutting-edge product variants such as premixed pig
food, which is expected to give the market for pig food an additional boost
during the forecast period.
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Market Segmentation
Asia Pacific pig
food market is segmented based on product type, form, additives,
country, and competition. Based on
product type, the market is split into starter, grower, and finisher. Based
on form, the market is divided into pellets, mash, and crumbs. Based on additives,
the market is segmented into vitamins, feed enzymes, antioxidants, antibiotics,
amino acids, and others.
The market analysis also studies the countries
segmentation to devise regional market segmentation, divided among China,
Japan, India, Indonesia, Vietnam, Malaysia, South Korea, Thailand, Singapore,
and Taiwan.
Market Players
Charoen Pokphand Foods PCL, Cargill Inc.,
New Hope Group, Alltech Biotechnology Corporation Co., Ltd., ADM Animal
Nutrition, Chr. Hansen Holding A/S, Lallemand Inc., BASF SE, and Alltech, Inc. are
the major market players in Asia Pacific pig food market.
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Attribute
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Details
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Base Year
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2021
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Historic
Data
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2017 – 2020
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Estimated
Year
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2022
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Forecast
Period
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2023 – 2027
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Quantitative
Units
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Revenue in USD
Million, and CAGR for 2017-2021 and 2022-2027
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Report Coverage
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Revenue forecast, company
share, competitive landscape, growth factors, and trends
|
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Segments Covered
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·
Product Type
·
Form
·
Additives
·
Country
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Countriesscope
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China, India, Japan,
Vietnam, South Korea, Indonesia, Thailand, Malaysia, Singapore, and Taiwan.
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Key
companies profiled
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Charoen
Pokphand Foods PCL, Cargill Inc., New Hope Group, Alltech Biotechnology
Corporation Co., Ltd., ADM Animal Nutrition, Chr. Hansen Holding A/S,
Lallemand Inc., BASF SE, Alltech, Inc., etc.
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|
Customization
scope
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10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and
purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
in this report, Asia Pacific pig food Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Asia Pacific Pig
Food Market, By Product Type:
- Asia Pacific Pig
Food Market, By Form:
·
Asia Pacific Pig Food Market, By Additives:
- Vitamins
- Feed Enzymes
- Antioxidants
- Antibiotics
- Amino acids
- Others
- Asia Pacific Pig Food Market, By Region
- China
- India
- Japan
- Vietnam
- South Korea
- Indonesia
- Thailand
- Malaysia
- Singapore
- Taiwan
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Asia Pacific pig food market.
Available
Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of additional
market players (up to five).
Asia Pacific Pig Food Market is an upcoming report to be released soon.
If you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]