The USA pig feed market is projected to grow at over 3.35% CAGR from 2024 to 2029, driven by rising demand and major player involvement.
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The market supports the larger pig industry, which is essential in fulfilling the demand for pork, a highly consumed meat in the United States and worldwide. The need for top-notch, affordable pig feed is increasing as people focus on diets high in protein and pork production expands to meet both local and global markets. As global trade grew, the U.S. swine sector emerged as a top pork exporter globally, leading to adjustments in the pig feed market to meet stricter international regulations. In this era, there is a strong emphasis on sustainability and better treatment of animals, as consumer preferences shift towards ethical and environmentally friendly production methods. The COVID-19 pandemic initially caused challenges in production due to transportation disruptions, labor shortages, and plant closures for health safety reasons. Farmers encountered difficulties in handling their animals as feed supply chains were delayed or temporarily stopped because of logistical issues. Hog farms were greatly affected as processing facilities nationwide shut down, causing an excess of pigs. This scenario led to a decrease in the need for pig feed because farmers had to either cull their animals or delay placing new orders for feed. Nonetheless, the market for pig feed bounced back due to the sector's adjustment to new safety measures, and the demand for pork from consumers stayed somewhat consistent despite the interruptions.
According to the research report "USA Pig Feed Market Overview, 2029," published by Bonafide Research, the USA Pig Feed market is anticipated to grow at more than 3.35% CAGR from 2024 to 2029. Cargill, a major global agribusiness company, provides a variety of animal nutrition products, including pig feed, to support the important swine industry that meets the demand for pork. ADM (Archer Daniels Midland) is a significant competitor in the pig feed industry, specializing in creative feed options that improve animal productivity and environmental friendliness. Other well-known companies consist of Purina Animal Nutrition, offering specialized feed formulations for various pig life stages, and Kent Nutrition Group, renowned for its premium feed items. Although a large portion of feed produced in the U.S. is used within the country, substantial amounts of feed components such as soymeal and corn are also sent to foreign markets. The United States is among the top exporters of animal feed ingredients globally, especially to Asian markets experiencing a surge in pork consumption. On the other hand, the United States brings in specific feed additives and specialized ingredients, like amino acids and vitamins, from nations such as China and the European Union. These imports are crucial for creating pig feed with top performance that fulfils the nutritional requirements of current swine production setups. Major agricultural companies like Bunge and Louis Dreyfus are crucial suppliers of essential feed components like soybeans and corn. Local cooperatives and feed mills are important in providing pig feed to farmers, particularly in rural areas.
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