Animal Husbandry Industry Market Share, Size, Growth, Opportunities, Forecast 2019 to 2025

The global animal husbandry industry has been largely impacted by the effect of coronavirus. There has been a sharp fall in the demand for chicken and meat since the outbreak as there have been various rumors amongst the peoples that the virus can spread through the animal’s meat and chicken. However, the Centers for Disease Control & Prevention declared that coronavirus is known to be transmitted via direct contacts to humans, and not via livestock or aqua animals. Several government organizations have set guidelines in order to prevent the pandemic.

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The primary factors that were responsible for the sector growth before the pandemic were the increased consumption of meat, beef, chicken and other kinds of seafood such as prawns globally. Changing lifestyles of the peoples along with the preferences towards the luxury food items were also the prime factors for the market growth.

Animal husbandry industry is segmented by type into dairy, meat, poultry, aquaculture, and others (insects). Meat and poultry are expected to get affected significantly due to the COVID-19 pandemic. Based on the regional viewpoint, the most affected regions are the US, China, Italy, France, Germany, Spain, UK, and India. The regional demand for chicken and meat is decreased due to the increased rate of virus spread. Further, it has also been witnessed that the peoples are opting for the jackfruit as the replacement of chicken and mutton. Whereas, the shutdowns of the food chain services including restaurants has also affected the market growth.

Countries are announcing several relief packages in order to reduce the impact of coronavirus in the sector as well as the rumors with it. For instance, in India, the government has set up the COVID-19 Economic Response Task Force to assess the impact of COVID-19 in the various sectors including animal husbandry. Thus, to dispel the rumors that COVID-19 spreads by consumption of chicken, the Poultry Farm Association of India also organized a Chicken Fair in Uttar Pradesh state.

The prominent players operating in the global animal husbandry industry include Agri Beef Co., Dairy Farmers of America Inc., Pilgrim's Pride, Nestle SA, Tyson Foods, Inc., among many others. Numerous animal husbandry companies are affected due to the outbreak, especially in any of the most outbreak zones that include China, the US, Italy, Spain, France, Germany, and other European countries.

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Animal Husbandry Industry Market Segmentation

By Type
• Dairy
• Meat
• Poultry
• Aquaculture
• Others (Insects)

Impact of COVID-19 on Major Economies
• North America
o United States
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Rest of the World

Companies Covered
• Agri Beef Co.
• Al Hamd Agro Food Products Pvt. Ltd.
• Arla Foods amba
• Dairy Farmers of America Inc.
• Danone SA
• Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
• Hormel Foods Corp.
• Indian Broiler Group Pvt. Ltd.
• JBS SA
• Marine Harvest ASA

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This release was published on openPR.