London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global swine feed market 2015-2019, which is expected to grow at a CAGR of 6.59% during 2014-2019.
Farmers are focusing on swine farming to generate revenue as the demand for pork has increased globally. The growth rate of swine and the quality of meat increases with improvement in the quality of the feed. High-quality animal feed contributes to better animal health, which leads to an improvement in the quality of meat.
“Consumers are becoming increasingly aware of the health issues related to the intake of meat, and this has increased the demand for organic meat,” says Faisal Ghaus, Vice President of Technavio.
“The organic meat market is growing significantly, as an increasingly health-conscious population prefers to avoid conventionally grown meat. This has led to growing demand for forage feed composed of essential nutrients.”
Key Market Drivers
- Increase in meat consumption
- Increase in farm animal population
- Increase in quality of pork
Key Market Trends
- Demand for organic meat
- Demand for feed enzymes
- Increase in pork consumption in Europe
Market Vendors
- BASF
- Chr. Hansen Holding
- Lallemand
- Royal DSM
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
