Swine Feed Market Report

Demand of pork has been increased so swine feed is necessary for growth, body maintenance and the production of meat and milk. Locally available feeds that are less expensive can also be fed to pigs, but with the help of proper feeding, the swine will be nutritionally fit. Pork meat is consumed more as the pigs are easy to maintain compared to other livestock, pigs require very little space to raise. They will eat just about anything (most commonly kitchen scrap) and they mature quickly, have large litters and produce a lot of lean meat which is high in protein. The pork products are used mainly ham, bacon, pork chops, pork lion and sausage from pigs. The production of pigs globally is over about 120 million metric tons. In the year 2022, global pork production was led by China, producing over 55 million metric tons in that year. Then, the European Union and the United States held the second and third positions, respectively. Agriculture Horticulture Development Board (AHDB) forecasted that pig meat production in 2024 will grow marginally by 0.6% year on year to around 933,000 tonnes, driven by a 0.8% increase in clean pig kill, totaling somewhere near 10.14 head for the year. This forecast is based on average carcase weights of 89 kg remaining in line with 2023. In total, 52% of bacon on display was British, unchanged from January but down from 55% in march 2023. According to AHDB, Co-op and M&S were the only retailers to record 100% British bacon with Waitrose on 92% and Sainsbury’s on 79%. Morrisons with 50%, Tesco 34%, Asda 26%, Aldi 19%, Lidl 16% and Iceland 12%. Looking at sausages 78% of those on display were British, up 2% on the 76% figure from January. M&S had 99% British sausage products, and joined Aldi 98%, Waitrose 96% and Lidl 92% as some of the best performers. Sainsbury’s 77% and Tesco 75% were not far behind, with Morrisons 71%, Asda 70% and Co-op 69% in a similar range. The amount on ham on display was down on the 67% recorded in March 2023 as a reported 62% of ham products on the shelves in March 2024 were British. M&S had the most British ham, showcasing a figure of 99%. Co-op had 96% and Waitrose had 90%, while Sainsbury’s 83%, Aldi 77%, and Tesco 61% were close behind. As a result, the increase in consumption of pork meat is driving the market growth.

The popularity of adopting veganism in year on year can have an impact on the pork meat market, as the consumption of plant-based diet has been raised rapidly in recent years. This trend affects the consumption of pork meat which is projected to decrease in swine feed demand. Additionally, the breakout of several swine diseases such as swine flu and African Swine Fever (ASF) in recent years is also anticipated to have a negative impact on product standards for pork meat. There is a rising consumption of pork meat as it is a rich source of certain vitamins and minerals body needs to function, like iron and zinc. It is also an excellent source of high-quality protein. For the proper production and good health of pigs there is a need of good feed for them. The market for raw materials such as wheat and soya has been volatile in recent years with huge price rises brought about by poor harvests and a growing demand. 

In June 2023, Alltech had introduced Triad an innovative solution that promotes successful farrowing and pig livability through a palatable, proprietary blend of Alltech ingredients, with this solution there is direct improvement in profit. Additionally, in November 2022, ADM, a global leader in human and animal nutrition, had announced the launch of two products under its SUCRAM range, an in-feed sweetening solution for livestock species namely SUCRAM M’I Sweet and SUCRAM Specifeek. Furthermore, in December 2022, Farmgate Feeds, a part of ForFarmers Group had launched its product, it is a later stage pig finisher diet for small holder customers and it is named as Traditional Grader.

Asia is the largest pork meat-consuming region in the world. The Republic of Korea, Taiwan and Japan are the major markets that consume pork meat in this region. Pig meat has been preferred in the East Asian region for a long time due to its taste and fat content. The consumption of pork meat is also high in North America and Europe. China, the United States and Europe are the leading countries globally in the consumption of pork meat. Major pork export countries include the United States, Canada, Brazil and European Countries. And the major import countries include Japan, mainland China, Mexico, Italy and South Korea markets. The growth of this market is due to disposable income and relatively low prices of pork meat as compared to other meat available in market.