Global Feed Amino Acids Industry | ASF and COVID-19 Impact - Market Analysis by Industry Experts, Inc
Industry Experts, Inc. released an updated 2021 version of the market research report " Feed Amino Acids – A Global Market Overview ". The new version of the report reveals that Impact of COVID-19 pandemic on feed amino acids volume demand was evident across all regions during 2019-2020 period with Europe growing only by 2.5% year-over-year (YOY), North America with 3% YOY growth in 2020 while Asia-Pacific is the only exception witnessing a considerable YOY growth. Amid the impact of African Swine Fever (ASF) in Asia-Pacific region, demand for feed amino acids was sluggish in 2019, where demand in Asia-Pacific region was flat with a YOY growth of just 0.9%. A new wave of ASF outbreak in Europe coupled with global COVID-19 pandemic have impacted the global demand for feed amino acids with a moderate growth confined at 3.9% YOY by volume and just 1.7% YOY by value in 2020. Poultry feed constitutes the largest consumer of feed amino acids globally with 2020 consumption volume...