COVID-19 Impact on Feed Market Expected to Grow at 325.7 Billion In Revenue by 2025

According to Market Study Report, Feed Market provides a comprehensive analysis of the Feed Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Feed Market. An exclusive data offered in this report is collected by research and industry experts team.

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Post COVID-19, the global feed market size is estimated to grow from USD 282.8 Billion in 2020 and is projected to reach USD 325.7 Billion by 2025, recording a CAGR of 2.9%. This report spread across 63 pages, profiling 03 companies and supported with 16 tables and 16 figures are now available in this research.

Top Key Players Profiled in the Feed Market:
o Cargill (US)
o ADM (US)
o BASF (Germany)

"Phytogenics as feed additives in the feed market is projected to grow at the highest CAGR between 2020 and 2025."
Key factors, such as the prohibited use of antibiotics in feed, stringent regulations imposed by the European Commission on synthetic feed additives, and the growth in the consumption of phytogenics in livestock feed to enhance feed palatability and livestock performance, are projected to drive the market growth in the coming years.

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"The feed industry in APAC is expected to grow at the highest CAGR during the forecast period."
The current geographical insight on the feed additives market yields a strong outlook for the Asia Pacific market, which is the largest and fastest-growing market for feed additives. The region has a large consumer and producer base, which drives the growth of the feed additives market in the region, given the economic conditions and the availability of raw materials. These factors have encouraged the development of new products. The COVID-19 pandemic had a significant impact on China's poultry industry. Although the world suffers from lockdowns and self-isolation, the Chinese workforce is going back to work with life gradually returning to normal.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 55 %, Tier 2 - 20%, and Tier 3 -25%
o By Designation: C-level executives - 40%, Directors - 35%, Others - 25%
o By Geography: North America - 10%, Europe - 20%, APAC - 40%, and RoW - 30%

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Research Coverage:
This report covers the COVID-19 impact on the feed market based on feed additive type, offering, end use application, and geography. A detailed analysis of key industry players has been done to provide insights into their business, COVID-19 impact and services, and key strategies associated with the feed market.

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