- Global Animal Health Market is expected to reach USD 37 billion by 2018.
- Future Growth of Animal Health Market is expected to be favorable on account of rising livestock and pet population coupled with increased demand for animal protein such as meat, egg and others.
- The market leader Zoetis is expected to introduce innovative products in order to provide safety against zoonotic diseases.
Ken
Research announced its latest publication on Global Animal
Health Market Outlook to 2018, which provides a detailed overview of animal
health market in the world. The report covers various aspects such as market
size of global animal health industry, segmentation on the basis of products
(Pharmaceuticals, Vaccines and Animal Feed Additives), species (Farm and
Companion Animals) and geography (Asia-Pacific, Europe, North America, Latin
America and Rest of the World) for animal
health market. The report also entails the market share of the major players in
global animal health market. An analysis of the future scenario for global
animal health market is also provided on the basis of revenue over the next
five years.
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| Global Animal Health Market |
The global markets are placing increased emphasis on
the cost and quality of food products including animal products. This trend is
expected to drive innovation leading to production efficiency. The inclining
demand for organic, antibiotic free animal products is likely to continue in
the future. However, the demand might witness a fall in the short run due to
slow growth of global economy.
According to the research report, the global animalhealth market is expected to grow at a substantial CAGR of ~% and will amount
to USD 37 billion by 2018. The pharmaceutical segment is expected to maintain a
leading position in the global animal health market. It is projected to incline
at an annualized rate of 9.4% for the period 2013-2018. Furthermore, the global
farm animal health segment is expected to witness a growth in demand by the
farm owners majorly for swine vaccines and bovine vaccines due to a rise in
consumption of pork and beef, globally. It is projected to grow at a CAGR of
10.37%. The emerging markets such as India and China are expected to guide the
animal health market of Asia Pacific.
“Rising disposable incomes, increasing world population
and demand for meat and other related products from the emerging markets such
as India, China, France and the US will provide support to the market revenue.
However, future challenges such as rising level of maintenance cost and
stringent government regulations are likely to affect the market growth in the
coming years”, according to the Research Associate, Ken Research.
Key
Topics Covered in the Report:
Global Animal Health Industry
-
Market Size by Revenue
-
Market Segmentation by
o
Products (Pharmaceuticals, Vaccines and
Animal Feed Additives), 2008-2013
o
Species (and Companion Animals), 2008-2013
o
Geography (Asia-Pacific, Europe, North
America, Latin America and ROW)
-
Competitive Analysis and Market Share, 2013
-
Company Profiling
o
Trends and Development
-
Major Challenges and Opportunities
-
Government Regulations and Legislations
-
Recent Industry Activities
-
Future Outlook by Regions, 2014-2018
-
Macro Economic Parameters by Regions,
2008-2018
Key
Products Mentioned in the Report
Pharmaceuticals
Vaccines
Animal Feed Additives
Companies
Covered in the Report
Zoetis
Merck
Merial-Sanofi
Elanco-Eli lily
Bayer
Boehringer Ingelheim
Virbac
Phibro
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communicationsinfo@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communicationsinfo@kenresearch.com
+91-9015378249
