Press release
Coronavirus Outbreak: Swine Feed Market Industry Fights Back with Well-defined Business Strategies
Key Players:
Cargill Incorporated - United States
BASF SE – Germany
Archer Daniels Midland – United States
Novus International Inc. – United States
Nutreco NV – Netherlands
Lallemand Inc. – United States
Kent Nutrition Group – United States
Alltech Inc. – United States
Chr Hansen Holding A/S – Denmark
Land O’Lakes Inc. – United States
Browse Complete Report:
https://www.fortunebusinessinsights.com/swine-feed-market-103090
The occurrence of covid-19 has arduously disturbed the entire world. The crisis has caused an unwonted effect on businesses across various regions. Nevertheless, government initiatives and strict measures can help defeat this highly infectious virus. Numerous industries are in fraught yet thriving to elevate from this catastrophe. Our team of researchers have analyzed the current COVID data and prepared reports with new tactical information to help sustain businesses during the global pandemic.
The report on the swine feed market highlights:
Descriptive analysis of the impact of the COVID-19 pandemic on the market;
Tactical insights for crisis management;
All-Inclusive Evaluation of the factors affecting the market; and
Thorough data on all the regions and prominent players in the market
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Market Driver:
Rising Concentration on Animal Welfare to Augment Growth
The rising consumer inclination towards organic meat products is predicted to foster the growth of the market. The rising production of organic pig meat owing to the awareness pertaining to animal welfare will provide impetus to the market. The increasing demand for well-bred pork meat has impelled manufacturers to increase their production capacities, which, in turn, will bode well for the market. The growing consumption of pork meat among consumers in various forms such as ham, bacon, chops, and lions will further enable speedy expansion of the market. The growing popularity of pork in western countries will escalate the trade and production of swine in the foreseeable future.
Market Restraint:
Declining Meat Consumption During Global Pandemic to Dwindle Market Growth
The coronavirus outbreak has disturbed the animal feed industry intensely. The temporarily shut down of businesses and operations has severally triggered the swine feed market. Moreover, the spread of rumors concerning the consumption of meat along with the misinformation about the toxic effects of meat consumption will have a negative impact on the market. likewise, the disruption of the supply chain due to the lockdown in various regions across the globe will thwart the market growth. Besides, the uncertainty associated with the current situation of COVID-19 will consequently create newer challenges for the industry in the forthcoming years.
Regional Analysis:
Increasing Consumer Spending to Benefit Market in Asia Pacific
The market size in Asia Pacific is expected to account for the maximum share in the global market owing to the rising consumption of pig meat in Asian countries such as China, Japan, South Korea, Malaysia. The growing utilization of swine feed in the countries will contribute positively to the growth of the market. The surge in import and export activities will create new opportunities for the region. The focus of manufacturers towards low-cost production, enhanced distribution networks, and high profitability will support market growth in Asia Pacific. The increasing urbanization and consumer spending will have a tremendous impact on the market during the forecast period. North America is expected to witness a substantial growth rate during the forecast period due to the presence of numerous major players in the region.
Key Development:
October 2018: Canadian Bio-Systems Inc. (CBS Inc.) announced the launch of its Feed Science Platforms (FSPs). The FSPs are designed to offer an inclusive portfolio of cutting-edge bio-based animal feed technology solutions to benefit poultry, swine, ruminant, and aquaculture production
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