Global Animal Health Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global animal health market has shown tremendous growth in recent years due to the increase in the adoption of a pet, an increase in large consumption of meat and milk. The market is also growing because of the rise in protein-based foods and an increase in foodborne diseases globally. The sudden increase in demand for meat and animal-based food products have lead the pharma companies to produce advanced vaccines and pharmaceuticals. This has brought significant growth for the companies also to put efforts into preparing drugs for animals which can control pathogen contamination and foodborne diseases. The Global Animal Health Market is expected to reach USD 86 billion by 2030, in comparison to the market valued at USD 45.8billion in 2020. The market is expected to grow CAGR by approximately 6.5%.
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Market Dynamics and Factors:
The global animal health market is driven by technological advancement include the modernization of efficient management systems, animal owner mobile technology, and vaccine bank. Also, the high inclination of government health care organizations toward the enhancement of agricultural practices and animal health is presumed to be responsible for the growth of this segment. However, due to the lack of technological advancement in other regions is one of the major factors of slow growth of the market. Advancement of Retail channels and e-commerce platforms will account for significant growth in the animal health market.
Market Segmentation:
Global Animal Health Market – By Product
Vaccines & Live Attenuated Vaccines
DNA Vaccines
Recombinant Vaccines
Inactivated Vaccines
Others
Global Animal Health Market – By Feed Additives
Antibiotics
Prebiotics & Probiotics
Global Animal Health Market – By Pharmaceuticals
Parasiticides
Anti-Infectives
Anti-Inflammatory
Analgesics
Others
Global Animal Health Market – By Distribution Channel
Retail
E-Commerce
Veterinary Hospitals
Clinics
Global Animal Health Market – By End-Users
Reference Laboratories
Point-Of-Care Testing/In-House Testing
Veterinary Hospitals & Clinics
Others
Global Animal Health Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia Pacific is expected to grow at a steady rate due to the result of high clinical urgency to control the incidence of zoonotic diseases and the management of disease outbreaks, such as swine influenza and Ebola. Asia Pacific is expected to exhibit lucrative growth over the coming years as a result of consistent R&D investments deployed by prominent players and their efforts to advertise branded and generic therapeutics at a relatively inexpensive price. North America captured substantial share in the global market in 2019, owing to a wide range of definitive measures adopted by welfare organizations, technological advancements, a rising number of zoonotic diseases, and an increasing number of pet owners.
Competitive Scenario:
The major players in global animal health Market are Zoetis Inc., Boehringer Ingelheim Animal Health, Merck Animal Health, Elanco, Bayer AG, Ceva Sante Animale S.A., Virbac SA, Vetoquinol SA, IDEXX Laboratories, Inc., and Covetrus, Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Animal Health industry, although key threats, opportunities and disruptive technologies that could shape the Global Animal Health Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Animal Health Market most.
The data analysis present in the Global Animal Health Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Animal Health Market business.
The 2021 Annual Global Animal Health Market offers:
100+ charts exploring and analysing the Global Animal Health Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Animal Health Market type
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