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.

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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.

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 " 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.

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