Animal Health Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC198

Growing level of awareness among consumers towards zoonotic and various other communicable diseases spread by animals including tularemia, Q fever, rabies and others has in turn resulted in an increased demand for animal health products. Currently, the global population is strongly dependent on animal nutrition such as protein, meat, milk, eggs and others for their daily dietary needs. This is projected to result in an increase in overall prevalence of zoonotic diseases over the forecast period. The governments of various economies are providing special guidelines for the usage of animal health products to prevent zoonotic diseases, which is propelling the demand for animal health products in the generation of higher revenues and sales. 
 
The global animal healthcare market is majorly driven by factors such as rising adoption of companion animal such as pets. Pets such as dogs and cats are being adopted worldwide for several psychological and therapeutic benefits. Adoption of pet animals has witnessed a significant increase in the developing economies such as India and China owing to imitation of western culture and change in lifestyle. Moreover, rising prevalence of zoonotic and food borne diseases is expected to emerge as a potential concern in pet health. Brucellosis, an animal borne disease, is increasing across the globe which can cause abortion in animals. The bacterial infection due to this usually affects livestock animals such as cows and goats, hence resulting in the growth of overall animal health industry. With the increase in pet adoption, pet population and taming of pet animals, prevalence of animal bite cases have witnessed a surge, leading to an increased chance of transmission of diseases to human population. This is expected to drive the growth of global animal health market. Also, increasing population of production and companion animals is fuelling the global animal health market. The animals serving human population by providing companionship are termed as companion animals whereas animals serving mankind with milk, meat and other food products are termed as production animals. Rise in prevalence of new diseases in animals and their transfer through animal meat/milk consumption and companionship is fuelling the overall animal health market across the globe. However, regulations against the use of antibiotics for production animals as well as protest of animal activists against animal research are some key challenges in the global animal health market.
 
Animal health market in the U.S. contributed a majority share of the overall North America animal health market in 2015 and is projected to account for a relatively higher share due to growing consumer focus on feed additives and health and rapid adoption of companion animals. Increasing significance of livestock animals is further expected to accelerate the growth of North America animal health market over the forecast period. UK accounted for a majority share in European animal health market in 2015 owing to a rise in prevalence of zoonotic diseases such as anthrax, avian influenza and tularemia among others.
 
The global animal health market can be segmented on the basis of animal type, product type and geography. By animal type, the global animal health market can be segmented into companion animals and production animals. By product type, the global animal health market can be segmented into pharmaceuticals, vaccines, feed additives (nutritional and medicinal) and others. On the basis of geography, the global animal health market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. Some of the prominent players in the global animal health market include Sanofi, Virbac, Ceva Sante Animale, Vetoquinol S.A., Zoetis, Inc., Eli Lilly and Company, Inc., Bayer AG Merck and Co., Perrigo Company plc and Boehringer Ingelheim among others.
 


Related Reports

Espresso Coffee Beans Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Espresso is coffee prepared by expressing out a minor quantity of almost boiling water in pressure with finely crushed coffee beans. Espresso is mostly denser than coffee prepared by other approaches, has an advanced absorption of dissolved solids ...

Halal Food and Beverages Market (By Product - Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Grain Products, Others; By Distribution Channel - Hypermarkets/Supermarket, Specialty Stores, Online Sales Channel, Other) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Halal is referred to what is permissible or lawful in traditional Islamic law. It is mostly applied to the permissible food and drinks. There are number of halal certified food products such as halal foie gras, spring rolls, chicken nuggets, raviol...

Chocolate Inclusions and Decorations Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Chocolate inclusion is added texture in form of filling and decorations is used for decorating the food products. Presently, the demand for chocolate inclusions and decorations is growing among chocolate producers, desserts, ice-creams, confectione...

Flavored Spirits Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Flavored spirits are hard liquor or hard alcohol stimulated with supplementary flavors to make the alcohol unique as well as to raise its organoleptic characteristics. Numerous additives are added in order to make the spirits flavored. In certain c...

Freeze Drying Equipment Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction Freeze drying is a procedure in which a product is iced up initially and water is exalted from the frozen produce. Freeze drying, also called as lyophilisation, help in the thirst of the produce, and also permit the storage of product for protracte...

Vitamin K1 Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction It is a fat-soluble manufactured good and also known as phylloquinone or K1 found in plants. It is found in sprouts, leafy green vegetables and broccoli. K1 is an excellent component used in skin care products which decreases dark circles under the...

Cart Summary

Special Pricing & Discounts