According to the report titled ‘Impact of COVID 19 on Global Feed Market Size study, by Application (Poultry, Swine, and Aquaculture), Ingredient & Additive Type (Amino Acids, Phosphates, Vitamins, Minerals, Commodity Ingredients, Phytogenic, and Probiotics) and Regional Forecasts 2020-2026’, available with Market Study Report, despite the impact of COVID 19 on global feed market, constant profits inflows are deemed through 2026.
 

Rising awareness regarding the benefits of livestock feeding, surging demand of meat & other livestock-based products among consumers, and evolving livestock sector are primarily bringing in revenues, cites the report on impact of COVID 19 on global feed market.
 

Notably, a large range of plant based compounds, including oleoresins, saponins, flavonoids, and essential oils, referred to as phytogenic, are added to animal feed to enhance gut health and to stimulate the development of livestock. Concerns about COVID-19 infection spread in livestock and subsequent consumption by customer have prompted livestock farmers to opt for various natural and organic feed additives, hence stimulating industry outlook.
 

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As more customers prefer organic and healthy products than processed ones, phytogenic, a natural additive, is witnessing a rise in demand. In addition, plant-based food processors received investment from venture capital firms and established meat firms prior to the COVID 19 outbreak, thereby amplifying market remuneration. Companies such as Nestle, Cargill, and Tyson, alongside their traditional meat products, have developed meat brands based on plants, in the view of impact of COVID 19 on global feed industry.
 

As per impact of COVID 19 on global feed market study, the regional landscape is segmented into North America, Europe, Latin America, Asia Pacific, and Rest of the World. Asia Pacific market is likely to register decent growth over the assessment period, owing to presence of large livestock population. Moreover, increasing number of feed mills and feed production sites, especially in economies such as Japan and India is also contributing to the regional growth.
 

The current coronavirus outbreak has birthed fears among livestock owners across Asia and around the world, leading to increased demand for feed additives for the functional benefits of livestock, such as increased immunity and nutrition, which is promoting APAC feed industry trends.
 

Major companies profiled in the impact of COVID 19 on global feed market report are Royal DSM N.V., Nutreco N.V., JAPFA Comfeed Indonesia Tbk, Charoen Pokphand Group, Neovia Group, Tyson Foods Inc., Nestle S.A., The Archer Daniels Midland Company, BASF SE, and Cargill Inc.