Pigs are farmed in many countries, though the main consuming countries are in Asia. This is due to the significant international and even intercontinental trade in live and slaughtered pigs. Asia-Pacific was the largest consumer in the swine feed additives market in 2012, consuming 43% of the total market. Despite having the world's largest pig population, China is a net importer of pigs, and has been increasing its imports during its economic development. The largest exporters of pigs are the United States, the European Union, and Canada.
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As a part of modern livestock management, feed additives play an important role in animal nutrition. They improve the characteristics of the feed to render health benefits by improving the digestibility and increasing the nutritional content and palatability of the feed. A variety of feed additives are blended with the feed in varying quantities, depending on the breed and growing phase as well as the surrounding environment, and its impact on them. For instance, the calcium content required for a starter pig is 0.8% whereas it is 0.6% in a finisher pig.
The growth in pork production has simultaneously helped the growth of the swine feed market, as feed cost is the major component, accounting for 70% to 80% of the total cost of pig meat production. Therefore, the price of feed ingredients has a substantial impact on the price of producing pork. Higher feed prices can quickly convert profits into losses.
Globally, the swine feed additives market is witnessing steady growth on account of increasing demand for high-quality pork, increased income of middle class population in developing nation and flexibility to use raw materials depending on availability. Also the increasing demand for swine feed has created a hike in demand for swine feed and the additives. The manufacturers of swine feed and additives are forced to expand their production capacities in order to fill the void between demand and supply. These positive attributes of the market products are viewed as excellent business opportunity in a steadily growing animal feeds market. This has attracted many multinational feed producing companies to make a foray into production and marketing of swine feed and additives market.
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