The key vendors identified for 2021-2025 in the animal feed market are Archer Daniels Midland Co., Cargill Inc., and Charoen Pokphand Foods Plc
The animal feed market is expected to grow at a CAGR of over 4%. The growth can be mainly attirbuted to increasing number of product launches and the unique business strategies adopted by vendors to capitalize on the fast-growing market segments.
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Based on the COVID-19 impact analysis done in the report, the animal feed market is expected to experience a Positive impact throughout the forecast period. According to the report, market growth is likely to Increase as compared to 2020. The pandemic-focused report highlights the impact of various factors such as lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
This post-pandemic business planning research will aid clients to:
- Adjusting their strategic planning to move forward once the business stability kicks in.
- Focusing on agile execution of proposed and approved changes.
- Assessing the Impact on Critical IT infrastructure and Software System
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Animal Feed Market 2021-2025: Segmentation
Animal feed market is segmented as below:
- North America
- South America
The animal feed market is driven by increasing number of product launches, Increasing investments in the market, and Increasing number of mergers and acquisitions. In addition, other factors such as entry of new players into the market | Increasing demand for meat and poultry | Adoption of new technologies are expected to trigger the animal feed market toward witnessing a CAGR of over over4% during the forecast period.
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