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The market a USD 119 Billion market in 2017, is estimated to grow at a CAGR of 2.9% to reach USD 138.5 Billion by 2023. Asia-Pacific and South America are set to contribute the most towards the global market growth.
Pork is mainly consumed in Europe, Asia-Pacific, and North America as a popular meat choice in these regions. Pork production is estimated to grow at a CAGR of 1.7% from 2017 to 2013. Compound feed consumption for swine is mainly concentrated in China, U.S., Europe, Brazil, and Canada as these countries are among the top pork meat producers.
According to FAO (Food and Agricultural Organization), 50% of the global pig population is concentrated in China followed by EU and U.S. Such trends show that these regions will remain the highest compound feed consumers for pork production. Pacific countries like Japan, Australia, Mexico, New Zealand, and North Korea are the major pork importers, whereas China, U.S., Canada, EU, and Brazil are the major pork exporters. With rising pork trade and concerns over food safety, demand for compound feed is expected to increase to ensure meat quality and safety. The global livestock sector is highly dynamic. The demand for processed livestock products is on the rise in the developed countries and many production facilities are increasing their efficiency and environmental sustainability.
The market is growing at a steady rate in developing nations due to the rapid increase in demand for livestock products. The change in demand for livestock products has been largely driven by growth in human population, income and urbanization. The demand is estimated to be affected by socio-economic factors such as human health concerns and changing socio-cultural values. The impact of these factors will vary from region to region.
Innovation in production technologies has led to mass breeding of livestock, thereby increasing the supply of meat and milk products. However, in the future, it is estimated that the supply will be affected by competition for raw materials between the food, biofuel and feed industry. Production is also likely to be increasingly affected by environmental and animal welfare legislations. Developments in breeding, nutrition and animal health will continue to contribute to increasing production potential, efficiency and genetic gains.
Major Key Player : CARGILL INC., ALLTECH INC., NUTRECO NV, DEKALB FEEDS, WEN'S GROUP amongst others.
Reasons to Purchase this Report
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Study on the regions that are expected to witness fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Pork is mainly consumed in Europe, Asia-Pacific, and North America as a popular meat choice in these regions. Pork production is estimated to grow at a CAGR of 1.7% from 2017 to 2013. Compound feed consumption for swine is mainly concentrated in China, U.S., Europe, Brazil, and Canada as these countries are among the top pork meat producers.
According to FAO (Food and Agricultural Organization), 50% of the global pig population is concentrated in China followed by EU and U.S. Such trends show that these regions will remain the highest compound feed consumers for pork production. Pacific countries like Japan, Australia, Mexico, New Zealand, and North Korea are the major pork importers, whereas China, U.S., Canada, EU, and Brazil are the major pork exporters. With rising pork trade and concerns over food safety, demand for compound feed is expected to increase to ensure meat quality and safety. The global livestock sector is highly dynamic. The demand for processed livestock products is on the rise in the developed countries and many production facilities are increasing their efficiency and environmental sustainability.
The market is growing at a steady rate in developing nations due to the rapid increase in demand for livestock products. The change in demand for livestock products has been largely driven by growth in human population, income and urbanization. The demand is estimated to be affected by socio-economic factors such as human health concerns and changing socio-cultural values. The impact of these factors will vary from region to region.
Innovation in production technologies has led to mass breeding of livestock, thereby increasing the supply of meat and milk products. However, in the future, it is estimated that the supply will be affected by competition for raw materials between the food, biofuel and feed industry. Production is also likely to be increasingly affected by environmental and animal welfare legislations. Developments in breeding, nutrition and animal health will continue to contribute to increasing production potential, efficiency and genetic gains.
Major Key Player : CARGILL INC., ALLTECH INC., NUTRECO NV, DEKALB FEEDS, WEN'S GROUP amongst others.
Reasons to Purchase this Report
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• Study on the regions that are expected to witness fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
