Animal programs

Animal Health Market 2022 Size, Share, Growth Trend and Forecast Analysis to 2028

animal health market

SEATTLE, USA, Feb. 7, 2022 /EINPresswire.com/ — New research study “Animal Healthcare Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook” has been added to Coherent Market Insights.

According to 2017-2018 US Pet Ownership & Demographics Sourcebook of American Veterinary Medical Foundation (AVMF), 38.4% of households in the US owned dogs, compared to 36.5% in the 2012 animal health market.

The recent COVID-19 pandemic, believed to be linked to a large seafood and animal market, is expected to result in low meat consumption, thus hampering the growth of the global animal health market. For example, as of March 31, 2020, COVID-19 has resulted in 786,063 cases and 37,826 deaths, according to Worldometer.

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The Food producing animal market segment was valued at US$26,374.5 Million in 2019 and is projected to reach a value of US$39,159.9 Million by 2027 at a CAGR of 5.1% between 2019 and 2027. Growth of the segment is attributed to increasing meat consumption. , milk and other animal by-products.

The feed additives segment held a dominant position in the global animal health market in 2019, accounting for a 49.2% share in terms of value, followed by pharmaceuticals, respectively. Growing demand for animal-based protein coupled with increasing strategic partnership for development of animal nutritional products is expected to drive the feed additives segment during the forecast period

Growing spending per animal in the United States is expected to support market growth. For example, according to the 2017-2018 US Pet Ownership & Demographics Sourcebook of the American Veterinary Medical Foundation (AVMF), veterinary spending per pet in the United States was $227 in 2012, and increased to $253 in 2017-2018.

Rising demand for specialty and exotic animals as pets is also expected to support the market growth. For example, according to 2017-2018 US Pet Ownership & Demographics Sourcebook of American Veterinary Medical Foundation (AVMF), the number of rabbits per 1,000 households in the United States increased from 1,408 in 2012 to 1,534 in 2017-2018.

March 2020: Cadila Healthcare approved the transfer of its animal health business on a going concern basis to its wholly owned subsidiary Zydus Animal Health and Investments Ltd (ZAHL) as part of its internal restructuring exercise

2018: Boehringer Ingelheim launches the LastMile program in partnership with the Global Alliance for Veterinary Medicines for Livestock (GALVmed) to address critical animal health challenges in the Sub-Saharan Africa region

Reasons to Buy this Recombinant Proteins Market Report

➡ Save time conducting entry-level research by identifying the size, growth, and key players in the emerging Animal Health market

➡Use five forces analysis to determine the competitive intensity and hence the attractiveness of the emerging Animal Health market

➡Key Company Profiles Reveals Details of Key Animal Health Market Players Emerging from Five Transactions and Financial Performance

➡Add weight to presentations and presentations by understanding the future growth prospects of the emerging Animal Health market with five-year historical forecasts

➡Compares data from North America, South America, Asia-Pacific, Europe and the Middle East, as well as individual chapters on each region.

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The research objectives for this report are:

· The SWOT analysis focuses on the major global manufacturers to define, assess and analyze the market competition. By type, application, and region, the market is defined, described, and forecast.
Examine the main global and regional market potential and benefits, opportunities and challenges, restraints and risks.
· Determine whether trends and factors are driving or restraining market growth.
· By identifying high growth categories, stakeholders would be able to analyze market potential.
· Conduct strategic study of growth trends and market contribution of each sub-market.
· Expansions, agreements, new product launches and market acquisitions are all examples of competitive developments.
· Create a strategic profile of key players and thoroughly analyze their growth plans.

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