Asia-Pacific Swine Feed Premix Market with New Growth Prospect

Asia Pacific Swine Feed Premix Market is forecasted to grow at a CAGR of 4.1% during the forecast period (2020-2025). Asia- Pacific is an important and volume-based market in regard to swine feed premixes. The growth of this industry is dependent on certain broad aspects such as increasing demand for swine meat, innovation impetus from increasing regulations, and the overall increase of the feed additives market. Antibiotics are majorly used as a premix followed by vitamins and minerals for healthier pig production. The growing trend of pork consumption in countries like China, India, and Australia will drive the demand for feed premixes in the region.

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Key Market Trends

Rising Demand for Quality Pork Meat

Pork is the most popular and widely consumed meat in developing countries and specifically in Asian countries. Pork is cheaper than other meat sources, which is a major factor for its high consumption. Besides, its palatability, fat content, and texture fascinates the consumer. The large middle-class population, growing disposable income, and changing consumer preferences are levitating the pork demand. Thus, due to the rising health concerns there has been a shift of the consumers towards quality pork. The pig farmers, therefore, demand premixes such as antibiotics, vitamins, and minerals to keep the animals healthy and disease-free. Pork production and consumption are very high in China, Vietnam, Indonesia, and India.

China Dominates the Market

China is capturing a major share of the market by its dominance in swine feed additives. This is followed by other Asian countries such as India and Japan. The Asia Pacific is estimated to be one of the remunerative markets for the growth of the swine feed market, which in turn is driving the swine premix market and it is projected to grow the highest during the forecast period. The awareness to consume high protein diets in emerging economies like India and China are anticipated to lead the growth of the market in this region.

Asia-Pacific Swine Feed Premix Market
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South America Feed Additives Market
Europe Swine Feed Market
Asia-Pacific Feed Antioxidants Market
Asia-Pacific Feed Enzymes Market
Asia-Pacific Ruminant Feed Market
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Europe Feed Anti-Caking Agent Market
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Christophe Rude

Christophe Rude

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