South Korea Pig Feed Market Overview, 2029

The pig feed industry in South Korea has undergone significant changes over time due to shifts in dietary choices, advancements in technology, and health regulations. In the past, the market shifted from conventional grain feeds to specialized formulations with the goal of enhancing livestock health and productivity. The 2019 African Swine Fever (ASF) outbreak had a significant effect on pig farming in South Korea, causing a drastic decrease in hog numbers and changes in feed needs. The market became more complex due to the COVID-19 pandemic, which disrupted supply chains, raised feed ingredient prices, and changed consumer behavior as the demand for pork products increased during lockdowns. In reaction to these difficulties, the sector has seen advancements like the creation of bio-secure feed components and supplements aimed at improving animal well-being and minimizing disease spread. Moreover, there have been developments in precision nutrition and feed formulation technologies that enable farmers to enhance feed efficiency and reduce waste. The increasing focus on sustainability and animal welfare has led to the development of organic and plant-based feed options, in line with the worldwide shift towards eco-friendly methods. As the market regains strength after recent disruptions, the pig feed industry in South Korea is ready to take advantage of these advancements and adjust to changing consumer needs, ensuring a more robust and effective production system moving forward. According to the research report "South Korea Pig Feed Market Overview, 2029," published by Bonafide Research, the South Korea Pig Feed market is expected to grow with significant market growth during the forecast period. In South Korea, the pig market is defined by a mix of experienced leaders, active partnerships, and a notable dependence on local and global suppliers. Harim Group, Nonghyup, and CJ CheilJedang are key players in the industry, collectively controlling a significant portion of pork production and processing in the nation. These companies have formed partnerships with nearby farms and research organizations to improve breeding methods, enhance animal well-being, and promote advancements in pork quality. A strong group of suppliers, who offer necessary inputs like feed, veterinary products, and technology solutions, also back the market. South Korea has seen a rise in pork imports from countries like the United States, Canada, and Spain to fulfill growing domestic demand and offset production deficits caused by diseases such as African Swine Fever (ASF). These imports are essential for maintaining price stability and guaranteeing a steady supply despite the fluctuating levels of production in the country. On the other hand, South Korea has established itself as a provider of top-notch pork items and has focused on selling to nearby nations, as the desire for superior pork in those regions grows. Efforts to improve product quality and traceability have helped boost exports of South Korean pork, increasing its competitiveness in global markets. Furthermore, partnerships between local companies and global counterparts have resulted in the implementation of advanced agricultural technologies and methods, improving both productivity and sustainability. In general, the pig market in South Korea is intricate and continuously changing, with important individuals and partnerships contributing significantly to its development and ability to withstand challenges from both domestic and international markets. Pellets are now the predominant form of feed in the South Korean pig feed industry, largely because of their multiple benefits for nutrition and animal well-being. Pellets are dense, making them simpler to store and transport while also minimizing waste when feeding. This particular feed formula improves feed conversion rates, enabling pigs to reach ideal growth speeds while consuming less feed. Moreover, the pelleted form enhances digestibility and reduces the chances of feed waste, essential in a market concerned with production costs and efficiency. However, crumbles and mash feeds are mainly used in the initial phases of pig growth or for specialized dietary requirements, but they do not rival the effectiveness and demand of pellets in the overall market. Crumbles can be used as an interim diet for weaning pigs, while mash feeds are typically used on smaller farms or for particular feeding approaches. However, pellets remain the top choice because of their convenience and efficiency in large-scale activities. Important companies in South Korea’s pig feed sector are Harim Group, CJ CheilJedang, and Nonghyup Feed. Harim Group is well-known for its thorough strategy, which includes advanced research and development to produce top-notch feed products that improve livestock health. CJ CheilJedang, a key player in the industry, uses its knowledge in biotechnology to create customized feeds for pigs that fulfill their nutritional needs and are sustainable. Nonghyup, a cooperative federation of farmers, has a crucial role in maintaining reliable supply chains and aiding local farmers with cooperative models. These companies not only dominate the market with their innovative products but also support the overall growth of the pig farming industry in South Korea by adapting to consumer demands and improving pork production efficiency. Starter feed has become the top category in the South Korean pig feed market, mainly because of its essential role in piglets’ early growth. Specially designed starter feed is created to fulfill the distinct nutritional requirements of young pigs, encouraging healthy development and enhancing survival rates after weaning. This type of feed has increased protein levels, necessary vitamins, and minerals to help piglets grow quickly and develop during their important early stages. With a greater focus on the health and well-being of young animals, there is a growing demand for top-notch starter feed in the pig farming industry, which is driving the market growth. Also, properly formulated initial feeds can reduce stress during the weaning process and improve feed conversion efficiency, resulting in a smoother switch to grower feeds in the future. Although sow feed and grower feed are important for pig production, they do not compare in significance to starter feeds in building a strong base for piglets. Harim Group, CJ CheilJedang, and Daesang Corporation are among the top local companies in South Korea’s pig feed industry. Harim Group is known for its dedication to research and development, specifically focusing on improving starter feed formulations through nutritional advancements. The company focuses on the use of top-quality ingredients to enhance the health and performance of young pigs, solidifying its status as a leader in the market. CJ CheilJedang uses its knowledge in biotechnology and animal nutrition to create unique starter feeds for piglets, establishing itself as a major player in the market. Daesang Corporation is also essential in providing a variety of feed products, which include specific formulations tailored for various growth stages. The emphasis on quality, research, and technology by these companies guarantees that starter feed continues to be the primary category, which enhances the efficiency and productivity of pig farming in South Korea. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

Aspects covered in this report • Pig Feed market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Form • Pallet • Mash • Crumbles • Others By Type • Starter Feed • Sow Feed • Grower Feed The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Pig Feed industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.