The Business Research Company’s latest report Animal Food Global Market Report 2020 covers Animal Food market drivers, Animal Food market trends, Animal Food market segments, Animal Food market growth rate, Animal Food market major players, and Animal Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Animal Food industry, along with revised market numbers due to the effects of the coronavirus.
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Animal Food
Global Market Report 2020 is the most comprehensive report available on this
market and will help gain a truly global perspective as it covers 60
geographies. The chapter on the impact of COVID-19 gives valuable insights on
supply chain disruptions, logistical challenges, and other economic
implications of the virus on the market. The chapter also covers markets which
have been positively affected by the pandemic.
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The global animal
food market is expected to grow from $231.8 billion in 2019 to $239.8 billion
in 2020 at a compound annual growth rate (CAGR) of 3.5%. The low growth is
mainly due to economic slowdown across countries owing to the COVID-19 outbreak
and the measures to contain it. The market is then expected to recover and grow
at a CAGR of 8% from 2021 and reach $299.8 billion in 2023.
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