Growing understanding of livestock feeding, modernizing the livestock industry, and rising demand of meat & other livestock-based goods has contributed to an rise in the amount of feed additives on the market. However, feed manufacturers and farmers are becoming more aware of the methods and approaches to deal with the crisis, owing to COVID-19. In addition, this is expected to boost the appetite for feed additives, as market growth starts to stabilize. Phytogenic feeds are a wide variety of compounds, including essential oils, flavonoids, saponins, and oleoresins. It improves the health of the gut and promotes livestock production. Growing fears over COVID-19 spread to livestock and increasing market understanding of eating these livestock items have prompted feed industry farmers to look for different natural and organic substitutes, such as phytogenic ones. Phytogenic is a natural additive that is seeing a rise in demand as more consumers opt for organic and balanced products than manufactured ones. Furthermore, prior to the COVID 19 epidemic, plant-based food producers drew funding from venture capital companies and big existing meat companies. Companies like Nestle, Cargill and Tyson have established meat brands focused on plants alongside their more conventional meat products. And even after the pandemic struck, a few meat firms dependent on plants announced new investments. Impossible Foods said it raised $500 million in a new fundraising round late March, part of which would be used by the nine-year-old firm to produce new plant-based meat options in categories including lamb, goat and fish.
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The regional analysis of Impact of COVID 19 on Feed market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The emergence of a large livestock population and their growth levels push the demand in Asia Pacific region. In addition, the region has witnessed a rise in the number of feed mills and feed production, particularly in countries like India and Japan. This increase in the number of feed mills is impacting feed production in the area. The current coronavirus epidemic has resulted in apprehensions among livestock owners across Asia and around the globe, resulting in increased demand for feed additives for livestock’s functional benefits, such as increased immunity and nutritional benefits.
Major market player included in this report are:
The Archer Daniels Midland
Tyson Foods, Inc.
Charoen Pokphand Group
Japfa Comfeed Indonesia Tbk
Royal DSM N.V.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Ingredient & Additive Type:
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Impact of COVID 19 on Feed Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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