Description

The global Animal Nutrition Market size was estimated at USD 12.4 Bn in 2021, growing at a CAGR of 6.2% during the forecast period 2021-2027. According to the United Nations Food and Agriculture Organization, the world population will exceed 9 billion by 2050, posing food difficulties. Food security is a crucial goal due to the depletion of arable land as a result of industrialisation, and animal products are one of the most important ways to achieve it. Economic growth has put pressure on the livestock sector to produce more efficiently with limited resources while also supporting almost 1.3 billion people’s income and food security. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The Animal Nutrition Marketreport considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.

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