Media Releases

Global Animal Health Market Future Projections on the Basis of Revenue in USD Million, 2016 – 2020 : Ken Research

Posted on 14 November 2016 by KenResearch Agriculture and Animal Care ,

The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. The livestock owners have started to display a keen interest in ensuring that proper care is being provided to their cattle. Factors such as inclining demand from consumers for safe and healthy food along with increased government pressure to build newer systems for animal health management has been leading the growth in demand for farm animal health products in this industry.

Rising global population along with per capita consumption of meat has also increased demand for animal health products particularly in developing nations. Furthermore, the significance of economic impact of livestock diseases has also highlighted the importance of animal health products such as vaccines, medicines and others in every country. The animal health industry is heavily regulated and animal health has become a concern globally. This concern stems not only from the public health, food safety and food security aspects but also from the huge economic costs that animal disease outbreaks could lead to.

The animal health market has shown consistent growth over the past several years with market valued at USD ~ billion in 2010 which grew at a CAGR of ~% to reach USD ~ billion in 2015.

Which Product Is Generating Maximum Revenue For Animal Health Market?

Parasiticides dominated the market with the revenue share of ~% in 2015. These products are used for controlling internal and external parasites in livestock and companion animals. The major example of their use includes preventing flea and tick infestations and internal parasites like tapeworm in companion animals. Government regulations which favor the production and use of parasiticides, rising adoption of companion animals and increasing prevalence of parasites infecting animals are the major factors which have fuelled the market of parasiticides globally.

Biologicals including all antisera, viruses, toxins, serums or any products from natural or scientific origin derived from animals to improve immune system captured the second position in the market. Vaccines form an important part of veterinary biological market with segment capturing a revenue share of ~% in 2015. Affordable nature of these vaccines with less cost of vaccines compared to payment of treatment and prolonged life expectancies for both livestock and companion animals are the major factors which have generated revenue for biological segment. The mandate regulation to get dogs and cats vaccinated across the globe act as major driver.

KEY FACTORS CONSIDERED IN THE REPORT

·      The market size of Global Animal Health Market

·      Snapshot on North America Animal Health Market

·      Snapshot on Europe Animal Health Market

·      Snapshot on Asia Pacific Animal Health Market

·      Porter’s Five Forces Analysis for Global Animal Health Market

·      Trends and Developments in Global Animal Health Market

·      Analyst Recommendations

·      Animal Health Industry Trends,

·      Global Animal Health Market,

·      Global  Animal Parasiticides Market

·      Market Share Global Animal Health

·      Animal Vaccines Market

·      Global Biological Market

·       Asia Animal Health Sector

·      Global Europe Animal Health Industry

·      Global Market Trends Animal Health

·      Global Future Animal Health

·      Global Market Strategy Animal Health

·      Global Pet Animal Health Developments

·      Global Companion Animal Health Market Size

·      Livestock Animal Health Future

·      Global Anti Infectives Industry Size

·      Global Beta Lactams Market

·      India Animal Health Market

·      Global Zoetis Market Share Animal Health

·      Global Animal Health Market size

·      Global Animal Health Market share

·      Global Animal Health Market Trends

·      Global Animal Health Market growth

Source : https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html 

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Zoetis, MSD Animal Health, Elanco, Merial, Bayer AG lead Market Share of Key Players in Global Animal Health Market by Revenue : Ken Research

Posted on 02 November 2016 by KenResearch Agriculture and Animal Care ,

The global animal health industry is one of the most thriving industries in the world. Over the past decade the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health and safety. 

Government regulations which favor the production and use of parasiticides, rising adoption of companion animals and increasing prevalence of parasites infecting animals are the major factors which have fuelled the market of parasiticides globally

Increase in the spending on products used to treat and prevent diseases in companion animals and farm animals is the major factor which resulted in high sales in North America. Moreover, the love for their pets among people residing in North America and economic stability and willingness to spend more on veterinary care than on food and other items, further boosts the market in North America.

According To Ken Research The animal health market in Asia Pacific region has grown remarkably over the past few years due to the growth in the emerging markets such as China and India. The major markets of this segment are the UK, Spain, France and Germany. The Europe animal health market has matured over the period backed by the increased demand for drugs, vaccines and nutrition supplements for pets, which are now largely considered as a part of the family.

A rising trend was observed in the UK termed as the Humanization of pets. Under this phenomenon the pets were treated as family members, rather mere animals. There was an increase in the level of understanding and interest in areas such as animal psychology with several brands of dog anti-depressants available in the market and preventative pet health plans.

High sales of products in Americas and Europe helped the company in attaining position in top companies in global animal health companies. Additionally, the efforts by the company to expand its portfolio in emerging economies of Asia had also helped the company in increasing its revenue and are expected to benefit in future.

Zoetis launched operational efficiency program where company is reducing complexities in its product portfolios through the elimination of approximately 5,000 store keeping units, divestitures, and by changing their marketing strategies in various countries.

Germany would maintain its dominance in future and is expected to be one of the leader of the Europe’s revenue share in 2020. Mandate vaccination laws and love for pet animals will continue in increasing the demand for animal health products in the country.

Increasing trend of keeping pets especially in emerging economies coupled with the rising awareness among pet owners about the well being of animals is the major factor which has driven the market of companion animals globally. Dogs and cats segment dominated the companion animal health market, According To Ken Research.

Topics covered  in The Report

Market Trends Animal Health

Market Strategy Animal Health

Poultry Health Market

Anti Infectives Industry Size

India Animal Health Market

Zoetis Market Share Animal Health

Livestock Animal Health Future

Global Animal Health Market size

Future Animal Health

 

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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Inclining Pet Adoption and Rising Awareness among Animal Husbandry Farmers to Boost Global Animal Health Market

Posted on 26 October 2016 by KenResearch Agriculture and Animal Care ,

Rising awareness for pet health worldwide, increasing demand for livestock derived products, and increasing disposable income of people in emerging economies allowing people to spend on animals coupled with the rising prevalence of zoonotic diseases are the major factors which have driven the animal health market globally.

The global animal health industry is one of the most thriving industries in the world. Over the past decade, the concept of animal health has gained major importance especially the health of farm animals, owing to the growing awareness of linkages that exist between animal health, human health, and safety. The livestock owners have started to display a keen interest in ensuring that proper care is being provided to their cattle. Factors such as inclining demand from consumers for safe and healthy food along with increased government pressure to build newer systems for animal health management has been leading the growth in demand for farm animal health products in this industry.

Lifestyle and preferences of consumers has experienced a shift as displayed by increasing rate of pet adoption across many regions including North-America, Europe and Asia. This change in lifestyle has been majorly guided by gradual improvement in economic conditions of countries. Pet owners worldwide have begun to regard their pets as a member of their family than just domestic animals. Additionally, people are now increasingly taking keen interest in the diet, health, and grooming of their beloved pets. In 2015, around 77.8 million dogs lived as pets in and around 65% of the US households owned pets and around USD 60 billion were spent on pets in US alone. Similarly in Australia, there were more than 25 million pets in 2013, with around 7.6 million household home to pet. UK also recorded high population of pet with one in every two household home to pet with around 20 million pets excluding fish in 2015. Moreover, the emerging economies have also come forward with increasing number of pet adoptions. In India, approximately 600,000 pets are adopted every year and pet products market was reported to grow at a CAGR of more than 20%. China also recorded to have registered 100 million pets in 2015. All these statistics clearly explain the increased adoption of pets consequently leading to increase in animal health products.

In 2015, on the basis of species, Livestock segment dominated the animal health market. Rising consumption of meat globally is the major factor which is responsible for high demand for animal health products among livestock animals. Companion animals followed livestock animal market owing to increasing trend of keeping pets especially in emerging economies coupled with the rising awareness among pet owners about the well being of animals. Dogs and cats segment dominated the companion animal health market attributed to the fondness of people towards these animals and their friendly nature.

The report titled “Global Animal Health Market Forecast to 2020 – Inclining Pet Adoption and Awareness among Animal Husbandry Farmers to Boost Animal Health Market” provides a comprehensive analysis of the animal health market. The report includes the market share contributed by the sales of livestock, companion animals and other animal health products globally for maintaining wellbeing of animals. Further, the market in the study is also differentiated by products which include parasiticides, biologicals, feed additives, and anti-infectives. The market is also segmented by five geographical regions across the globe – North America, Europe, Asia Pacific, Latin America, and Rest of the World. The stakeholders of this report includes the animal health market players, wholesalers, group purchasing organizations, companies involved in research and development activities, and the new entrant who wish to invest in animal health market in future.

Key Products Mentioned in the Report

Parasiticides, Ectoparasiticides, Endoparasiticides, Endectocides, Biologicals, Vaccines, Antisera, Feed Additives, Anti Infectives, Marbofloxacin, Beta Lactams

Key Market Players Covered in the Report:

Zoetis, MSD Animal Health, Merial, Elanco, Virbac, Vetoquinol, Bayer AG, Boehringer Ingelheim, Ceva Sante Animale

Source :  https://www.kenresearch.com/agriculture-and-animal-care/animal-care/global-animal-health-report-2020/54216-104.html 

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