2018 Animal Health Market Sales, Analysis, Segments and Forecast
The report titled “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.
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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 the global animal health market for the past many years. It held a share of ~% in 2008 which has gradually risen to ~% in 2013. The contribution of Europe to the total revenues of global animal health market was ~% in 2008 which has fallen to ~% in 2013. The animal health care market was valued at USD ~ billion in 2013 of which ~% was contributed by farm animal health. The revenue of farm animal related healthcare products has inclined from USD ~ billion in 2008 to USD ~ billion in 2013 at a CAGR of 3.46%, backed by the rising dependability on farm animals for agriculture and on livestock products such as milk, meat, eggs and others.
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Zoetis was the leading player with the sales of USD ~ million and market share of ~% in 2013. The company has introduced innovative products such as revolution, Apoquel, which have aided in providing safety against the most general and expensive reproductive and respiratory diseases in the companion animal health segment. Merck was the second largest animal health company in the world with annual sales of USD ~ million and a market share of ~% in 2013.
The future of global animal industry is expected to be favorable on account of growing demand for meat and animal protein in the world. The global animal health market revenue will reach to USD ~ million in 2018 from USD ~ million in 2013. Overall animal health industry is projected to grow consistently at a CAGR of 10.24% during 2013-2018.
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
visit our website: http://www.radiantinsights.com/
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco
State: California
Country: United States
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.
Browse Full Research Report @ https://www.radiantinsights.com/research/global-animal-health-market-outlook-to-2018
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 the global animal health market for the past many years. It held a share of ~% in 2008 which has gradually risen to ~% in 2013. The contribution of Europe to the total revenues of global animal health market was ~% in 2008 which has fallen to ~% in 2013. The animal health care market was valued at USD ~ billion in 2013 of which ~% was contributed by farm animal health. The revenue of farm animal related healthcare products has inclined from USD ~ billion in 2008 to USD ~ billion in 2013 at a CAGR of 3.46%, backed by the rising dependability on farm animals for agriculture and on livestock products such as milk, meat, eggs and others.
Download Sample Report @ https://www.radiantinsights.com/research/global-animal-health-market-outlook-to-2018/request-sample
Zoetis was the leading player with the sales of USD ~ million and market share of ~% in 2013. The company has introduced innovative products such as revolution, Apoquel, which have aided in providing safety against the most general and expensive reproductive and respiratory diseases in the companion animal health segment. Merck was the second largest animal health company in the world with annual sales of USD ~ million and a market share of ~% in 2013.
The future of global animal industry is expected to be favorable on account of growing demand for meat and animal protein in the world. The global animal health market revenue will reach to USD ~ million in 2018 from USD ~ million in 2013. Overall animal health industry is projected to grow consistently at a CAGR of 10.24% during 2013-2018.
Explore all Report of this category @ https://www.radiantinsights.com/catalog/healthcare
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
visit our website: http://www.radiantinsights.com/
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco
State: California
Country: United States
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