Animal Health market in Indonesia will continue to grow at a considerable pace in the next few years owing to rising meat consumption and increasing awareness among people and the inclining pet adoption rate in Indonesia. The market is predicted to grow at a CAGR of ~% from 2015-2019 and is expected to reach USD ~ million by 2019. This industry is expected to find a growing demand from the farm animal sector in the future on account of increased demand for meat, beef and other animal products. Rising consumer awareness about the zoonotic diseases and rising awareness among the people about the right place for best treatment will continue to escalate the growth of pharmaceutical and vaccines for animals in Indonesia. The increasing expenditure on R&D by companies aiming to explore the possibility of innovative products which are simple to use, cost-effective is expected to boost the market growth in the future.
Furthermore, with new upcoming vaccines and pharmaceuticals such as DNA base, generic drugs which are easy to use and are more effective in terms of enhancing immune system responses, stronger safety records and others as against traditional approach is expected to gain immense popularity in the future due to the rising consciousness among the Indonesian people about animal health.
According to an industry veteran, “cutting edge developments in animal health market with continuous government support, the demand for animal feed additive and pharmaceuticals would rise in the market in upcoming future.”
“Governmental reforms such as increased efforts towards animal health, strict regulation about the quality of products being produced, stringent regulation and norms for the feed additives, increased adoption of pets are anticipated to give a boost to the rate of usage of animal feed additives as well as vaccination for animals. Lack of infrastructure facilities and enhancing competition are few of the major challenges which will affect the growth of this industry in the future”, according to the Research Analyst, Ken Research.
The report titled “Indonesia Animal Health Market Outlook to 2020” provides detailed overview on the animal health market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help feed additives manufacturers, animal pharmaceutical and Vaccine companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Key Topics Covered in the Report:
- Animal Health Market Size by Revenue
- Market Segmentation by
- Products
- Animal Types
- Animal Feed additives Market Size by Revenue
- Market Segmentation by
- Type of Products
- Species
- Function
- Animal Pharmaceuticals Market Size by Revenue
- Market Segmentation by
- Type of Products
- Type of Drugs
- Species
- Animal Vaccines Market Size by Revenue
- Market Segmentation by
- Species
- Usage of Vaccines
- Technology
- Trends and Development
- SWOT
- PORTER Five Force Analysis
- Export and Import
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters
Key Products Mentioned in the Report
Animal Feed Additives
HI-PRO
HI-PRO-VITE
BINTANG
BONAVITE
ROYAL FEED
Animal Pharmaceuticals and Vaccines
Draxxin
Terramycin line
Cydectin
Assurity
Comfirtis
Reconcile
Companies Covered in the Report
Global Players
Zoetis
Bayer Healthcare
Merial
Elanco
Merck
Domestic Players-Feed Additives
Pt Charoen Popkhnad Indonesia Tbk
Pt Japfa Comfeed Indonesia Tbk
Pt Malindo Feedmill Tbk
Domestic Players-Pharmaceuticals and Vaccines
Pt Medion Farma Jaya
Pt Vaksindo Satwa Nusantara
Advacare Pharma
Related Reports:
Asia Pacific Animal Health Care Market Outlook to 2016- Compelling Potential in Vaccine Segment
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249