Trends and Developments in Global Animal Health Market 2014-2018

Global Animal Health Market Outlook to 2018 – Increasing Meat Consumption to Spur Demand for Animal Health Products” provides a detailed overview of animal health market in the world and covers various aspects such as market size of global animal health industry. Additionally the report includes 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.

The global animal health market was valued at USD ~ billion 2008 which grew at a CAGR of 3.34% to reach USD ~ billion in 2013. The growth of this industry has been influenced by the opportunities in all categories of animal health care products such as pharmaceuticals, vaccines and medical feed additives. The increasing global population along with an increase in the personal disposable income acted as a catalyst for the development of this industry. Additionally, factors such as the rising awareness for pet health worldwide have led to increased expenditure on veterinary care, due to the rising household incomes.

The global animal feed additives segment recorded an annual growth rate of 3.11%, rising from USD ~ billion in 2008 to ~ billion in 2013. Feed additives are usually used by farm owners so as to increase the productivity of food producing animals such as cattle and poultry. In tandem with the increased demand for animal protein, demand for feed additives by the farm owners has also registered an incline, thereby guiding the growth of this segment. The percentage contribution by animal feed additives to the overall global animal health market was 12% in 2013.

North America has been leading...