Feed Industry Market Growth, Trends, Size, Share, Players, Product Scope, Regional Demand, COVID-19 Impacts and 2026 Forecast
https://www.databridgemarketrese arch.com/covid-19-resources/covi d-19-impact-on-feed-additives-in -the-agriculture-and-feed-animal -feed-industry
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
SUPPLY CHAIN DISRUPTIONS • Growing demand for products containing protein drives the growth of the feed market. Global chicken production will reach 103.5 million tons in 2020, which reflects people's demand. However, if the epidemic of COVID-19 cannot be controlled as soon as possible, coupled with the gradual increase in pork production and the gradual decline in prices, the chicken market may be greatly affected.
DEMAND OF THE MEAT PRODUCTS • Due to the lockdown, the supply chain imbalance has risen and this ultimately has impacted the consumption pattern globally. • According to the U.S. Department of Agriculture, the global chicken meat trade has fallen by 4.0% to 11.70 million tonnes on the downward revisions for all major exporters except Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from the last year.
Aquiculture Feed Market • Global Aquiculture Feed Market to understand the current trend of the market and deduces the expected market trend for the Aquiculture Feed market for the forecast period. Providing a concrete assessment of the potential impact of the ongoing COVID-19 in the next coming years, the report covers key strategies and plans prepared by the major players to ensure their presence intact in the global competition. With the availability of this comprehensive report, the clients can easily make an informed decision about their business investments in the market.
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.
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. This has increased the reliability on plain feed for animals without the addition of the nutritive value of the feed resulting in a loss in the business. The livestock industry has affected due to pandemic situations which in turn affected the feed additive industry as a result of reduced demand from breeders.