Global Micro Pig Feed Market Size Estimated to Reach $23.4 Billion by 2027
Research Reports
Apr 08, 2022
The Global Micro Pig Feed Market size is estimated to reach $23.4 Billion by 2027. Furthermore, it is poised to grow at a CAGR of 2.7% over the forecast period of 2022-2027. The proper care and feedings of the mini pig are crucial to their overall health, well-being, and growth size. Owing to a lack of sufficient pellets, molasses, enzymes, oil seed meal, dietary fiber, and nutrients, a pig’s growth might be inhibited at a young age. Pigs, on the other hand, can easily be overfed, causing them to grow larger than they should. Overfeeding miniature pigs is a risky habit that occurs more frequently than hunger or starvation. Overfeeding mini pigs will lead to severe disabling diseases and physical problems like coronary artery disease, premature arthritis, joint disease, and diabetes. Obese pigs are becoming more prone to heat stress and can become increasingly uncomfortable. It is harder to make an appropriate diagnosis if the pig is overweight. A manageable routine with a strict diet, feeding twice daily morning and night, supplementing vegetables, oats/grains, and only using snacks for training purposes can also result in a less food-crazed pig with fewer demands. Grazing is also a fantastic complement to a pig’s diet because it is both healthy and stimulating. Pigs’ development and health are largely determined by their dietary habits. Pigs are the most efficient animal when it comes to transforming feed into meat. About 70 – 75 % of the total production cost of the pig farm is owing to the feed cost. The rising number of pig farm industry increases the usage of pig feed which are some of the factors driving the Micro Pig Feed Industry forward in the projected period of 2022-2027.
Global Micro Pig Feed Market Segmentation Analysis- By Type
The global micro pig feed market based on type can be further segmented into Compound Feed, and Concentrated Feed. Compound Feed held a dominant market share in the year 2021. Compound feed helps to increase minerals and nutrients that give rise to the adoption of compound feed among pigs. Recently, the growth of compound feed increased by 3% globally. For instance, the production of compound feed increases in Russia by nearly 10% from 7.07 million tonnes to 7.81 million tonnes in 2020. This factor further accelerates the demand for compound feed for pigs.
However, Concentrated Feed is estimated to be the fastest-growing, with a CAGR of 3.1% over the forecast period of 2022-2027. Concentrated Feed contains multiple grains and can be used for daily purposes so, the demand for concentrated feed increases for mini pigs. It contains 10.7% of crude protein and 0.44% of lysin that increases the overall content of nutrients which is very helpful for the mini pigs. Companies are also producing more concentrated feed as it is healthier and thus contributing the market growth.
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Global Micro Pig Feed Market Segmentation Analysis- By Age
The global micro pig feed market based on age can be further segmented into 7-35 Days, 35-70 Days, and Others. 7-35 Days held a dominant market share in the year 2021. Mini pig needs a fresh and proper diet from 7-35 years of age as during this age pigs are not mature so they need proper nutrition, enzymes, and proteins in their feed. Moreover, 7-35 days of pigs are considered as developing age where they need good feed that helps them to reduce the risk of a variety of diseases.
However, 35-70 Days is estimated to be the fastest-growing, with a CAGR of 4.4% over the forecast period of 2022-2027. During 35-70 Days the risk of obesity increases among pigs so, they need proper and balanced food to overcome these issues. Metabolism and lifestyle play a part in mini pig’s weight, just as in humans so, proper feeding and a healthy diet are very important in the mini pig feed industry.
Global Micro Pig Feed Market Segmentation Analysis- By Geography
The global micro pig feed market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 37% in the year 2021 as compared to its other counterparts. It is owing to the rising number of investments in making pig farms that increase the need for a nutritious diet that gives rise to the adoption of micro pig feed. Moreover, awareness regarding the healthy diet of animals increases which further surges the demand for micro pig feed to improve their health. In 2020, there are approximately about 67,000 pig farms in the U.S. which roses the need for mini pig feed in the pig farm industry. As a result of these factors, the anticipated period of 2022-2027 will be favorable to North America.
Global Micro Pig Feed Market Drivers
Rising awareness of the health of animals has readily aided the market growth
Micro pig feed is considered as healthy food for pig livestock which contains proteins that make the feed rich indigestible fiber and minerals crucial for animals. Recently animals are suffering from various infectious diseases that increase the concerns about the health of animals. More than 60% of animals are now suffering from infectious diseases that give rise to the adoption of healthy feed in the animal industry as it provides a proper diet to animals which decreases the risk of getting infected. In recent years, the global animal feed business has experienced substantial growth. Animal feed is one of the largest and most significant components for ensuring safe, plentiful, and economical animal proteins in the global food market. Pig feed has a huge demand in the animal feed industry worldwide owing to the rising number of pig farms.
Growing number of obesity among pigs is set to drive the market growth
Recently, the incidence of obesity increased among pigs owing to the consumption of unhealthy feed. Owing to being overweight, pigs are much more likely to struggle with lameness and unwillingness to rise. This change in behavioral lifestyle can lead to unwanted health problems. This factor increases the need for a balanced diet for pigs to reduce obesity. Owing to the modern agricultural methods, the pigs now have an average of 16% body fat.
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Global Micro Pig Feed Market Challenges
Reducing the number of pigs is one of the factors impeding market growth
Recently, the number of pig producing farms decreased by 12% in 2019 which reduced the demand for pig feed. In India, the total pigs of in the country decreased by 7.5% as pig consumption is being popular in many countries that reducing the number of pigs in coming years. These are some factors that further lower the demand for micro pig feed.
Global Micro Pig Feed Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. Global Micro Pig Feed top 10 companies include:
Lallemand,
Cargill,
Nutreco,
Charoen Popkhand Foods,
Altech,
Royal DSM,
ADM,
ABF Plc.,
De Heus,
Hansen Holdings
Recent Developments
In April 2021, Wisium, portion of ADM’s international premix brand, is augmenting in Vietnam with the gain of Golden Farm Production & Commerce Company Limited. In terms of the Vietnamese company’s portfolio, as per a spokesperson, “Golden Farm produces a complete range of vitamins and minerals premixes for swine, poultry, ruminants, fish, shrimp, frog and pets.”By way of this deal, Wisium also acquires a facility in Long Khanh – Dong Nai.
In October 2021, De Heus subsidiary Koudijs has commenced a novel feed additive plant in Khylchytsi in the Lviv region, Ukraine for €7.8 million (US$9.2 million), the firm pronounced in a statement. Koudijs is anticipated to produce 1,500 tonnes of different vitamin and mineral additives for agricultural animals per month. De Heus pronounced that the plant was planned “to optimally serve farmers and integrators to produce good quality products.”
In January 2021, Cargill Animal Nutrition has made accessible a novel premix facility in Lewisburg, Ohio, and symbolized the opening with a virtual event on January 11. The 220,000-square-foot facility will generate 154,000 tons of non-medicated animal feed and pet food products and premix yearly. The plant involves a 160-foot steel premix tower, together with a novel benchmark of automation and controls that offer accurate assessments and traceability that surpass industry standards and considerably lower cross contamination hazards.
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Key Takeaways
Geographically, North America held a dominant market share in the year 2021. It is owing to the rising number of investments in making pig farms that increase the need of nutritious diet that gives rise the adoption of micro pig feed. Moreover, awareness regarding the healthy diet of animals increases which further surges the demand for micro pig feed to improve their health.
Rising number of pig farms in different countries and growing concern towards their health are some of the factors driving the Micro Pig Feed Market. However, reducing the number of pigs is one of the factors impeding market growth.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Micro Pig Feed Market Report.
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