Piglet Feed Market: Overview

Piglet is often defined as the young one of a domestic pig. Pigs are farmed around the world, while their consumption is limited to only some countries. Piglets require a highly nutritious food for their physical growth. Piglets have a weak digestive tract. Therefore, proper care must be taken in feeding the piglets. Piglet feed must contain suitable components which are responsible for their growth such as nutrients, proteins, amino acids, fatty acids, and minerals such as calcium, phosphorous, sodium, chloride, zinc, potassium, and magnesium. Feed quality is a key element in the rearing of piglets. It also lays the foundation for the animal performance and its future growth.

Piglet Feed Market: Dynamics and Trends

The global piglet market is primarily driven by the rising demand for pork across various parts of Asia. Increasing concerns toward the quality improvement of pork is also likely to fuel the market during the forecast period. Increasing innovations in the quality of feed are also leading to expansion of the market.

The Netherlands-based Coppens Animal Feed is the world’s first company to manufacture a piglet feed product that contains insect oil. The company claims that this feed has potential to reduce the bacteria, improve the feed intake, and also prevent diarrhea. These innovative products are impacting the market positively.

Piglet Feed Market: Segmentation

The global piglet feed market has been segmented on the basis of type of feed, feed application, and feeding systems.

In terms of feed, the piglet feed market can be segmented into compound feed and concentrated feed. The compound feed segment is estimated to hold a major share of the market during the forecast period. In the developing economies, the majority of the families which are into are of middle class, are incapable of affording concentrated feed. Thereby, the compound feed segment is expected to have a high market share in the near future.

In terms of application, the piglet feed market can be segmented into 7 to 35 days piglets and 35 to70 days piglets. Increase in precaution related to the digestive tracts of newborn piglets is anticipated to show a positive impact on the piglet feed market.

In terms of feeding systems, the market can be segmented into automatic feeders, sow management, hydromix liquid feeding systems, and others. In terms of feeding systems, the automatic feeders segment is anticipated to account for a prominent share of the market due to the reduction in the effort to feed the piglets. Furthermore, the automatic feeding systems are estimated to take care of the prescribed quantity of the piglet feed based on the type of piglet.

Piglet Feed Market: Geographical Overview

Among all the regions, Asia Pacific (APAC) is anticipated to expand at a high growth rate during the projected period. Rising demand for pork meat drives the demand for pig farming. This, in turn, is projected to fuel the demand for piglet feed between 2017 and 2025. Europe is expected to be in competition with the Asia Pacific (APAC), in terms of CAGR. North America is likely to account for a major share among all regions, as this region is a major consumer of pork, which primarily drives the North America piglet feed market. Moreover, the region has many small-, medium-, and large-scale piglet feed vendors.

Piglet Feed Market: Key players

Key players operating in the global piglet feed market include Cargill, New Hope Group SA, ZhengBang Group, Agravis Raiffeisen AG, DBN Group, Purina Mills, LLC, Anyou Bio-Technology Group Co., Ltd., Coppens Diervoeding, JELU-WERK, and Hi-Pro Feeds LP.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Piglet Feed Market

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