Feed Additive Market – Impact of COVID-19, Future Growth Analysis and Challenges
The coronavirus disease (COVID-19) pandemic outbreak is rising high and inflicting human life worldwide. 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. Browse Full Report: https://www.databridgemarketresearch.com/covid-191 insights/covid-19-impact-on-feed-additives-in-theagriculture-and-feed-animal-feed-industry databridgemarketresearch.com US : +1-888-387-2818 UK : +44-161-394-0625 sales@databridgemarketresearch.com
Key Market Trends
There has been increasing pressure on the livestock industry, to meet the increasing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. The level of income and consumption of animal protein is directly related to the consumption of milk, meat, and eggs, which are increasing at the expense of staple foods. Due to a decline in the prices of meat and meat products, developing countries are beginning to consume large quantities of meat, at a much lower level of the gross domestic product than industrialized countries did, two to three decades back. 2
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FEED ADDITIVES SECTOR: PERSPECTIVE & INITIATIVES As coronavirus outbreak has impacted the market badly, numbers of organization have taken certain initiatives to provide their products in market.
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Key highlights from COVID-19 impact analysis:
Economic consequences of COVID-19 outbreaks. Disruptions in supply chain. Fluctuations in demand share. Immediate and long-term impact of COVID-19 on the growth matrix.
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Regional Analysis
Based on geography, the market is segmented into five geographical regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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