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(MoneyNewsWire.Net, December 05, 2017 ) The North America Swine (Pig) Feed Market was worth $ 2.08 billion in 2016 and estimated to be growing at a CAGR of 5.96%, to reach $ 2.78 billion by 2021. Pork is the culinary name for the meat of the domestic pig. It is one of the most common meat available in the global market. Pork is very popular in the western world. For the good nutritional pork, it has to be feed with many classes of swine feed. Modern feeds for swine consist largely of feed additives such as protein supplements, mineral supplements, and vitamin supplements. Swine feed constitutes 70% of the total market share.
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Different classes of swine have particular nutrient requirements. In general, feed for piglets include greater dietary levels of most nutrients such as protein than that for older pigs. As such, there are various diets on the market or ones that can be mixed on farms, which are suitable for each class of pig. These diet types usually include starters, growers, sow, and others.
The growth of domestic and international quick service restaurants and widespread nutrient-related diseases are the major driving factors of the swine feed market in North America. In addition, demand for quality meat products by consumers has significantly contributed to the rising demand for swine feed. Increasing industrial livestock production and technological innovations in the meat processing industry are creating demand for high-quality meat, thereby driving the market for swine feed. Increased concern for health and ethical factors have also created opportunities in the industry for organic swine feed. Factors like high investment, occurrence of new diseases are restraints in the market.
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Swine (Pig) Feed Market is categorised by Type, Additive and by Region. On the basis of Type, swine feed market is further segmented into Pig Starter feed, Grower feed, Sow feed and Others. On the basis of the feed additive types, the market is classified into Zootechnical feed additives, Sensory feed additives and Nutritional feed additives. Moreover, the market is also segmented on the basis of the feed essence, like Vitamins, Antioxidants, Antibiotics, Feed acidifiers, Feed enzymes, Amino acids and Others.
The North America market has been geographically segmented into segmented into US and Canada. The North America has the second largest share in the world. North America market has a share of 38% in the Global swine feed market. North America Swine feed market is increasing the market at a CAGR of 5.96%. The technological advancements, rise of population and huge investments in the market making North America as one of the leading region in swine feed market.
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CHR Hansen Holdings A/S (Denmark), Novus International Inc. (U.S), LallemandInc (Canada), BASF (BadishceAnilin und Soda Fabrik) (Germany), Royal DSM N.V. (The Netherlands), ADM (Archer Daniels Midland Company) (U.S), Alltech Inc. (U.S), Charoen Popkhand Foods (Thailand), Cargill Inc. (U.S) and ABF Plc (Associated British Food) (U.K) are some of the important companies in the swine feed market.
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