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LONDON–(BUSINESS WIRE) – The feed premix market is expected to grow by $ 1.96 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the feed premix market under optimistic, probable and pessimistic forecast scenarios.
Businesses will go through the response, recovery and renewal phases. Download a free sample report on COVID-19
The feed premix market will witness a neutral impact during the forecast period due to the widespread growth of the COVID-19 pandemic. Based on market research focused on the Technavio pandemic, market growth is likely to increase compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recessionary curve by leveraging technology. Many companies will go through phases of response, recovery and renewal. Building business resilience and enabling agility will help organizations move forward on their journey out of the COVID-19 crisis into the next normal.
This post-pandemic business planning research will help clients:
- Adjust your strategic planning to move on once business stability is established.
- Develop resilience make effective decisions about resources and investments for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key considerations for the market forecast:
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Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
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Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
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Pre and Post COVID-19 Market Estimates
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Quarterly impact analysis and market estimate updates
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The top three players in the feed premix market:
Archer Daniels Midland Co.
Archer Daniels Midland Co. operates its business through segments such as Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The company offers a feed premix that helps consumers meet the changing demands of pet food and treat manufacturers.
BASF SE
BASF SE operates its business through segments such as Agricultural Solutions and Others. The company offers feed premixes under the Lutavit brand.
Cargill Inc.
Cargill Inc. operates its business through segments such as Agriculture, Animal Nutrition, Beauty, Bioindustrial, Food & Beverage, Pharmaceutical, Industrial, Meat & Poultry, and Others. The company offers feed premixes under the Provimi brand.
If you buy a report that is updated in the next 60 days, we will send you the new edition and data extract for FREE! Get a snapshot of the report here for a detailed analysis of the market share of market participants during the COVID-19 lockdown: https://www.technavio.com/report/feed-premix-market-industry-analysis
Feed Premix Market 2020-2024: Segmentation
The feed premix market is segmented as follows:
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Request
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Poultry
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Ruminants
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Pork
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Aquatic animals
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Others
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Geography
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APAC
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North America
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Europe
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South America
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ME
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The market for feed premixes is driven by an increased focus on animal health to prevent disease outbreaks. Additionally, other factors, such as the high demand for poultry feed premixes, are expected to cause the feed premix market to witness a CAGR of more than 3% during the forecast period.
Learn more about global trends impacting the future of the feed premix market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45640
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