COVID-19 Impact Update: Animal Feed Market 2020 - 2024
Due to the pandemic, the animal nutritional conference and the trade show have been postponed or cancelled until the further notice provided by regulatory authorities.
Since feed plays a major role in the production of different livestock animals, feed additives act as a key ingredient in the production of nutrition enriched feed. This nutritional based feed helps livestock in their health management, reproduction, lactation, and brand equity.
Due to the pandemic and lockdown, the supply chain of the raw ingredient has impacted the consumption and production patterns worldwide. Animals cannot get enough nutrition from regular feed hence the feed additives are added in their regular meal containing vitamins, fatty acids, amino acids, and trace minerals.
The COVID-19 outbreak from December 2019 have impacted more than 100 countries across globe and significantly impacted the compound feed and additives market in 2020.
Overview of Animal Feed Market
Increasing demand for animal-based products among humans will accelerate the market demand. Focusing more on animal health will also drive market growth. The growing momentum of proponents of natural growth is also expected to be active in the market. Increase in cattle farming is likely to result in increased animal feed demand. Increasing consumer awareness of the benefits associated with the use of feed additives to reduce disease decline has supported the need of the market. On the other hand, the increasing popularity of meat and meat related products and rising health problems in animals will promote new opportunities for animal feed. Whereas, investments in research and development (R&D) for improving food fortification processes are predicted to open up various opportunities for market growth in the coming years.
The pandemic have affected the overall animal nutrition in three different ways considering:
The demand of the meat products
The production of feed
The supply chain market disruption
The financial impact on feed vendors
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The global Animal Feed Protein Ingredients market has been inspected at the domestic and global platform for better understanding of competitive landscape. It has been examined with SWOT and Porter’s five-technique. For effective business outlook, it offers detailed elaboration on some significant sales strategies as well as marketing channel carried out by successful industries. The Animal Feed Protein Ingredients Market report covers all key parameters such as product innovation, market strategy for leading companies, Animal Feed Protein Ingredients market share, revenue generation, the latest research and development and market expert perspectives.
Market Analysis: Global Compound Feeds and Additives MarketÂ
Global Compound Feeds and Additives Market By Type (Pellets Feeds & Additives, Powder Feeds & Additives, Liquid Feeds & Additives, Others), Compound Feed (Cattle Feed, Poultry Feed, Swine Feed, Aqua Feed, Pet Food), Feed Additives Types (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Feed Acidifiers), Application (Poultry, Pig, Ruminant, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Segmentation: Global Compound Feeds and Additives MarketÂ
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
This exclusive study addresses key questions for stakeholders in the Animal Feed Protein Market:
• What are the important trends stimulating the growth of the Animal Feed Protein Market?
• What are the crucial strategies adopted by players operating in the Animal Feed Protein Market?
• Which end-user segment will remain a key contributor to the growth of the Animal Feed Protein Market?
• Which application segment will bode lucrative growth opportunities for the Animal Feed Protein Market?
• What are the key developments anticipated to take place in the Animal Feed Protein Market during the period of 2020-2026?
Conclusion
COVID-19 pandemic has taken a toll on the global population and economy. A collaborative effort on government, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by government across the world. Along with the food and healthcare industry, the feed industry is facing problems due to the non-working manufacturing industry. The demand for feed for livestock is high as the maintenance of livestock is an important aspect for breeders.
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