DUBLIN, May 28, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/gz7r5x/swine_pig_feed) has announced the addition of the "Global Swine (Pig) Feed (Starter, Grower, Sow) Market by Type, Additive and Geography - Trends & Forecasts to 2018" report to their offering.
Globally, the swine feed additives market is witnessing steady growth on account of increasing demand for high-quality pork, increased income of middle class population in developing nation and flexibility to use raw materials depending on availability. Also the increasing demand for swine feed has created a hike in demand for swine feed and the additives.
The manufacturers of swine feed and additives are forced to expand their production capacities in order to fill the void between demand and supply. These positive attributes of the market products are viewed as excellent business opportunity in a steadily growing animal feeds market. This has attracted many multinational feed producing companies to make a foray into production and marketing of swine feed and additives market.
The Asia-Pacific swine feed additives market topped the consumption chart of the global industry, accounting for around 43.1% of the total share. And as far as the swine feed additives industry is concerned Europe was the dominant player with 37.3% of the total market share. The global market value for these products is expected to grow at a CAGR of 5.1% and 5.5% respectively by 2018, with the highest growth projected to be observed in the Asia-Pacific region for both the markets.
The increasing demand for swine feed has created a hike in demand for swine feed and swine feed additives. The manufacturers of swine feed and additives are forced to expand their production capacities in order to fill the void between demand and supply.
The global swine feed additives market share was dominated by Europe. Increasing focus of various governments on feed cost reduction and boosting animal productivity are few of the key driver's that pushed the market forward in this region. North America is the second largest market for the market.
Asia-Pacific region, where China is becoming a key player on the global pig meat market Its high import requirement and rising disposable income, backed by the buoyant domestic demand and government support are the primary reasons for the particularly strong growth in this market.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Premium Insights
5 Swine Feed Market, By Type
6 Swine Feed Additives Market, By Type
7 Swine Feed And Feed Additives Market, By Geography
8 Competitive Landscape
9 Company Profiles
- ABF Plc
- Alltech Inc.
- Archer Daniels Midland Company (ADM)
- Cargill Inc.
- Charoen Popkh and Foods
- Chr. Hansen Holdings A/S
- Lallemand Inc
- Novus International Inc.
- Royal Dsm N.V.
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SOURCE Research and Markets