Animal Healthcare Market Growth and Forecast Analysis 2027: Top Key Players, Globe Business-Opportunities

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Animal Healthcare Market Size, Top Key
Players, Latest Trends, Regional Insights and
Global Industry Dynamics By 2027 FMI

• January 2021

Report Id REP-GB-431 Published On Feb
04,2019 Category Healthcare, Pharmaceuticals
Medical Devices
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Animal Healthcare Market Analysis
Future Market Insights presents a revised
forecast of the global animal healthcare
market for a 10 year period 2017 2027.
According to this report titled Animal
Healthcare Market Global Industry Analysis
2012-2016 and Opportunity Assessment 20172027,
the Animal Healthcare market is anticipated to
expand at a CAGR of 4.3 during the forecast
period in terms of value. Growing pet
humanisation trend and focus on preventive
healthcare are expected to drive demand for
animal healthcare products such as feed
additives, pharmaceuticals, and vaccines. This
report has broadly segmented the Animal
Healthcare market on the basis of product type,
animal type and region. Based on product type,
the global Animal Healthcare market has been
segmented into Feed Additives, Pharmaceuticals
and Vaccines. Feed Additives is the Most
Lucrative Segment Feed Additives segment is
estimated to dominate the animal healthcare
market by product type with 45 value share of
the market by 2017 end. Feed additive segment is
expected to reach US 25,386.9 Mn by 2027 end and
will also grow with the fastest CAGR of 4.6 over
the forecast period. Request a Sample Report
with Table of Contents and Figures https//www.fu
turemarketinsights.com/reports/sample/rep-gb-431
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Animal Healthcare Market Analysis
Production Animals Segment Accounts for Higher
Demand Among the animal type segments, the
Production Animal segment is expected to dominate
the animal healthcare market with 61.8 value
share in 2017. Production Animal segment is
expected to reach a market value of US 35,041.9
Mn by 2027 end and will grow at a CAGR of 4.7
over the forecast period.
Market Segmentation by Product Type Based on
product type, the global Animal Healthcare market
has been segmented into Feed Additives,
Pharmaceuticals and Vaccines. Feed Additive
segment is estimated to account for 45 value
share of the market by 2017 end. Pharmaceutical
segment is expected to reach US 20,767.8 Mn by
2027 end and projected to grow at a CAGR of 4.2.
Vaccines segments is expected to be the least
attractive segment by product type in the animal
healthcare market over the forecast period.
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Animal Healthcare Market Analysis
Market Segmentation by Animal Type Based on
animal type, the global Animal Healthcare market
has been segmented into Production Animals and
Companion Animals. Among the animal types,
Production Animals segment is projected to grow
at the fastest CAGR over the forecast period to
reach a value of US 35,041.9 Mn by 2027 end.
Companion Animals segment is expected to gain a
market value of US 13,725.0 Mn in 2017 and is
projected to grow at a CAGR of 3.6 over the
forecast period.  North America will continue to
grow at an Exponential Rate FMI has analysed the
Animal Healthcare market in seven major regions
North America, Latin America, Western Europe,
Eastern Europe, Asia-Pacific excluding Japan
(APEJ), Japan, and Middle East Africa (MEA).
North America will dominate the market value
share for Animal Healthcare and is expected to
reach US 18,186.4 Mn by 2027 end. The Western
Europe market is expected to be the second
largest market followed by APEJ. North America
and Europe collectively constitute more than 60
of market share over the forecast period. Japan
is anticipated to be least attractive region for
animal healthcare market owing to less adoption
of pets. Our advisory services are aimed at
helping you with specific, customised insights
that are relevant to your specific challenges.
Let us know about your challenges and our trusted
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Animal Healthcare Market Analysis
Key Insights on the Animal Healthcare
Market Demand for animal feed additives and
vaccines is increasing in the factory farming
industry, due to increasing need for milk, meat
and egg production, which in turn is driving the
growth of the global animal healthcare
market. Growing incidences of foot mouth
disease, various flus and zoonotic diseases are
affecting the production of farmed animals
worldwide. This in turn translates into heavy
losses for farm owners and companies. Increasing
adoption of pets and growing humanisation of pets
in developing and developed countries is driving
demand for various drugs vaccines in the
companion animal segment Over the last decade,
various independent entities have emerged as
standalone animal healthcare companies to fulfil
the ever-increasing demand for feed additives,
veterinary drugs and vaccines Leading
manufacturers are focussing on setting up
manufacturing facilities in emerging markets to
increase the chances of product movement, as
there would be no import-export glitches
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Animal Healthcare Market Analysis
Animal Healthcare Market Key Players Key
competitors covered in the Animal Healthcare
market report are Bayer AG, Boehringer Ingelheim
GmbH, Ceva Santé Animale, Eli Lilly and Company,
SeQuent Scientific Ltd., Koninklijke DSM N.V.,
Sanofi Winthrop Industrie, Cargill, Inc., Merck
Co., Inc., Virbac S.A., Zoetis Inc. Major animal
feed additive manufacturers include Cargill Inc.
(Provimi), Koninklijke DSM N.V., ADM Alliance
Nutrition, and Evonik Industries AG.
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