Farmers play a promising role in taking care of animals. Animal feed is a major ingredient that assists animals with not only health but also the farms with profits. Currently, Non-GMO swine feed has become an ideal choice to enhance the health and quality of life of livestock. Energy and amino acid are the two major factors which are improving the efficiency of pork production. A feed is more helpful in raising pigs in order to provide animal nutrition and healthy livestock products. Grower feed deals with protein levels until the pig grows. Canola meal has become a staple protein ingredient, as it offers an appropriate nutritional value for a grower swine and also provides consistent value to the swine producers. This meal allows nutritionists to formulate lower-cost diets for pigs because it improves the performance of the swine. Thus, growers swine feed type is recognized as the fastest-growing application of the swine feed market. It is projected to grow at a CAGR of 5% during the forecast period 2019-2025. Pig farmers are highly focused on fulfilling vitamin, mineral, and protein necessities while feeding their livestock. At present, local breweries and home brewers are acting as good resources for swine feed. The U.S. pork industry is highly involved in addressing the risks associated with food safety in the feed industry. As a part of it, the USDA recommends both veterinarians and farmers for a quick report regarding sick pigs to government officials. This is because it is useful to test for African swine fever (ASF) and also to increase the capacity to perform rapid tests at laboratories. The increased focus of U.S. pork industry regarding feed safety coupled with the rise in the expansion of ASF has created a demand for high-grade swine feed and also contributing towards the growth of the North America swine feed market revenue. As a result of these factors,the North America swine feed market size stood at $26.72 billion in 2018 and is projected to grow at a CAGR of 3% all through the forecast period 2019-2025.The report covers North America Swine Feed Market size by Form and Stage, North America Swine Feed Market share by top 5 companies and also the market share by start-ups during the forecast period.
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At present, the changeability in feed ingredients, swine genetics, and regulations pertaining to swine feed are the crucial factors which are deciding the swine feed costs and pigs revenue. The U.S. hog farmers are concerned about the contagious swine diseases spread through Asia and Europe. As a result, safety procedures are increasingly incorporated in order to avoid the repercussions of the same. In October 2018, the U.S. government officials stated that they are also improving their ability to test for the disease. According to the United States Department of Agriculture (USDA), Iowa hog producers topped with the largest inventory of about 23.5 million head among other states. North Carolina and Minnesota stand as the second and third largest inventories with 8.90 million and 8.70 million head respectively. As of March 2019, there is a 2% rise in the count of hogs and pigs on the U.S. farms. It has reached a count of 74.3 million compared to March 2018. This rise in the count of pigs on the U.S. farms is indicating the swine feed market growth in this country. On 5th September, 2018, USDA and Food and Drug Administration (FDA) officials met with the U.S. pork sector groups such as the National Pork Board, the American Association of Swine Veterinarians, the National Pork Producers Council and the Swine Health Information Center to assess additional measures which prevent the spread of African swine fever (ASF) in the U.S. The U.S. is elevated as the third-largest producer and consumer of pork and pork products across the globe. Increased focus of the U.S. hog operations, particularly in the Midwest and in eastern North Carolina are influencing the demand for swine feed. “The March Hogs and Pigs” report by USDA-NASS showcased about the constant growth in the U.S. pork industry, due to the rise in all hog, breeding hog, and market hog inventories. In 2019, pork production is estimated to reach 27.1 billion pounds in order to meet the increase in demand for pork by the U.S. people. Hence, these factors are attributing for the growth of swine feed market in this region.
Major Players in North America Swine Feed Market Include:
Some of the foremost players who are operative in the North America swine feed market are Chr. Hansen Holding, Cargill Inc., Alltech Inc., Archer Daniels Midland Company, Novus International Inc., Lallemand Inc., Purina Animal Nutrition LLC, Kemin Industries Inc., Provimi Inc., and Kent Nutrition Group. These companies major focus on business strategies such as acquisition and product launch to strengthen their swine feed portfolio in respective geographies.
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North America Swine Feed Marketplace:
On June 12th, 2019, Cargill Inc. acquired a swine feed producer - Beckers Animal Nutrition Industry Ltd. in Brazil. This agreement is mainly aimed to strengthen the Cargill’s position in swine nutrition sector of this country. Furthermore, it is also helpful in expanding Cargill’s capacity in providing pig’s nutrition, especially to the customers in the southern region of Brazil. This business strategy has targeted to combine the capabilities of both companies in designing innovative animal nutrition products and complete feed solutions for pigs, which support the services of Cargill in expanding the pork industry. This acquisition is intended to increase the market share of Cargill in the North America swine feed market.
In January 2019, Kent Nutrition Group (KNG) launched a nutritional supplement, namely “NutriVantage” for swine in Iowa. It acts as a nutrition optimizer that helps pork producers’ to feed their pigs with more nutrition. KNG has experienced an increase in the nursery pig net returns because of this swine feed supplement. Now, these successful results are representing the decade efforts of KNG in researching swine formulas to improve pigs feed efficiency, stimulate the immune response, reduce mortality rates, and also to promote a healthy gut environment at every stage of swine production. This product launch has a positive impact on the growth of the North America swine feed market size.
In May 2019, Royal De Heus launched a research center which deals with pig nutrition. This center encourages the innovation in pig feeds as its next step in the development of pig nutrition and also in the widespread knowledge within the international pig farming sector. This new research center provides strength for innovative data analysis and acts as a huge database for enhancing feed services and support the pig farmers. Therefore, this research center has increased the scope for innovations in the swine feed market.
Related Reports:
A. Swine Feed Market
https://www.industryarc.com/Report/15141/swine-feed-market.html
B. Probiotics in Animal Feed Market
https://www.industryarc.com/Report/15130/probiotics-in-animal-feed-market.html
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Swine feed consists largely of feed activities such as protein supplements, minerals, and vitamin supplements.The growth of domestic and international quick service restaurants and nutrient related diseases along with the increasing demand for quality live products by consumers are the major factors driving the growth of the market in North America.
Increased concern for health and ethical factors is set to further enhance the overall market demand of North America Swine Feed market during the forecast period 2020-2025.Stage- Segment AnalysisThe Grower segment held the largest share in the North America Swine Feed market in 2019 and is estimated to grow at a CAGR of 5% during the forecast period 2020-2025.
Sows feed contains ingredients that help in supplying energy, protein, Vitamin, mineral and amino acid and it helps to remain healthy during lactation.
Antibiotics segment held the largest share in the North America swine feed market owing to their use to prevent colonization by pathogenic microorganisms in the intestine and to aid in control of respiratory and reproductive bacterial diseases.Additives had an important role in enhancing the nourishment given to swine that is they mainly improve the food and feed quality.To provide proper nutrition, additional vitamin supplements are mixed in livestock feeds.Vitamin additives are added as supplements into the mixture to improve and maintain animal health.The slow growth of the feed additives is that vitamin additives are used when the livestock is deficient and natural vitamins present in the feed.
Additives are also given to the animals for improving their reproductivity and resistance to diseases.Country- Segment AnalysisU.S dominated the global swine feed market in 2019 accounting total of 48.71% of overall North America swine feed Market.In the North American region, pork production is an essential part of the population diet and their eating habits.The U.S. dominated the North America swine market, and this is owing to its geographical size, climatic conditions, and economy.
The technological advancements rise of population and huge investments in the market is making U.S. as one of the leading regions in swine feed market.Pork production and consumption are very high in North America and this is owing to pork’s high protein and less fat and cholesterol, as compared to beef and other meat sources.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
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