Impact of COVID-19 on the Global Animal Nutrition Market and Outlook 2020-2021

Impact of COVID-19 on the Global Animal Nutrition Market Outlook

In such times of crisis, the feed industry manufacturers and suppliers are doing their best to ensure feed is available for all production animals while following protocols to protect their workers against COVID-19 and maintain productivity. However, logistic disruption is the main issue leading to shortages and delivery challenges.

The livestock farmers face acute pressures from such disruptions as an inadequate supply of feed means starving the animals to death. While in the EU, feed has been classified as ‘essential goods’, in many other countries, feed does not fall under the essential category, which will pose a challenge in terms of access to animal feed. Such problems may require government intervention to avoid shortages and price hikes.

Moreover, lockdown induced panic-buying among consumers has led to a surge in sales and production of pet food. However, this trend is not expected to last post lockdown and will affect production, retail, etc.

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This exclusive report by EMR explores the outbreak of COVID19, its impact on the global and regional economies, and its implications on the animal nutrition sector. The report studies the impact of the crisis on the global economy by assessing parameters like consumption, GDP, business investment, residential investment, inventory, and governmental policies and decisions. The regional economies analysed for Q1 2020 till Q4 2021 are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
 

Keeping in mind the prevailing conditions, EMR’s new report titled, the ‘Impact of COVID-19 on the Global Animal Nutrition Market’, gives a holistic understanding of the exposure of the animal nutrition sector to COVID-19, covering markets such as:

• Compound Feed 
• Feed Additive 
• Pet Food 
• Veterinary 

For each of the above segment, the EMR report also gives an in-depth understanding of both the supply and the demand sides of the market by analysing:

• Key Parameters
• Price Variations of Key Raw Materials
• Production Shutdown
• Cash Flow Constraints
• Supply Chain Disruption
• Labour 
• Lockdown Impact
• Consumer Sentiments

With a focus on helping business leaders navigate through the shifting landscape, EMR also proposes some key short and medium to long term policies that look towards future growth while minimizing the economic damage.

Our experts at EMR leverage proprietary data, models, and expert opinion to provide timely insight into what the emerging pandemic means for the current needs of the market and future strategies of the industry players. We concentrate on helping our customers better understand the economic challenges, conditions, and uncertainty faced across all markets around the world.

We have also updated all our reports considering the impact of COVID-19 coronavirus on the various industries. Check out the reports in other categories to get a deeper understanding of how the COVID-19 has been impacting your industry in particular.

Key Highlights of the Report