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(Medical-NewsWire.com, October 08, 2018 ) Overview
Feed additives play a significant role in improving the nutrition provided to animals – they primarily enhance the feed and food quality. Similar to all kinds of meat, pork is consumed both, preserved and freshly cooked. For instance: preserved pork or pig meat are called as smoked pork, ham, gammon, sausage and bacon. Swine feed, in particular, delivers nutrition to swine within the course of rearing them. Feed extracts are an important supply of nutrition providing they create the feed more digestible. Among the key feed essences that square measure contained within the diet of pigs is: enzymes, emulsifiers, antimicrobials, and antioxidants.
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Global Swine market is valued at USD 6.09 Billion in 2018 and is expected to reach USD 7.96 Billion by 2023 with a CAGR of 5.5%.
Underlying Causes
Growing demand of pork worldwide. Escalating pork prices and Increasing instances of disease outbreak. Rise in domestic and international quick service restaurants and wide spread nutrient related diseases. Quality meat products by consumers has rapidly increasing, contributed to rising demand of the market. High rates for the feed and addictives are the major restraints of the market.
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Geographic Segmentation
Global Swine feed market is geographically segmented in regions of Asia Pacific, Latin America, North America, Europe and Middle East and Africa. Europe is the most dominant in Swine feed additives industry with 37.3% of the total market share. Rise in effort of various administrations on feed cost reduction and increasing animal productivity are the drivers for market growth in this region. North America has the second largest market. Asia-Pacific region, where China and other countries are important for the pork requirement and rising disposable income, backed by the buoyant domestic demand and government support are the primary reasons for the particularly strong growth in this market.
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The key players in this market include CHR Hansen Holdings A/S, Novus International Inc, Lallemand Inc, BASF (Badishce Anilin und Soda Fabrik), Royal DSM N.V, ADM (Archer Daniels Midland Company), Alltech Inc., Charoen Popkhand Foods, Cargill Inc. and ABF Plc (Associated British Food)
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