The global animal health products market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Animal health products include pharmaceutical, vaccines, and feed additives. These products enhance the health or performance of all species of animals. The major factor for the growth of the market during the forecast period is the increasing prevalence of animal diseases and the growing livestock population across the globe.
According to the World Organization for Animal Health (OIE), one out of five farm animals is lost to disease every year. Additionally, in the past 12 years, there was an economic loss of $ 80 billion due to six international incidents of animal disease. Furthermore, foot and mouth disease in animals cost farmers up to $21 billion every year. Moreover, cattle disease can increase GHG emissions by up to 24% per unit of milk and 113% per beef carcass. Hence, the rising prevalence of the animal disease is increasing the demand for animal health products to support protect, diagnose and treat animals against disease, which, in, turn, is driving the growth of the market.
To Request a Sample of our Report on Animal Health Products Market: https://www.omrglobal.com/request-sample/animal-health-products-market
Some major players in the market include Merck & Co., Inc., Zoetis Inc., and Vetiquinol S.A., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2021, Elanco Animal Health Inc. launched ZoaShield in the US. It provides a proven and flexible zoalene solution for poultry producers to keep coccidiosis under control in an easy and manageable way.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Type
- By Product
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– Merck & Co., Inc., Zoetis Inc., and Vetiquinol S.A., among others.
A full Report of Animal Health Products Market is Available @ https://www.omrglobal.com/industry-reports/animal-health-products-market
Global Animal Health Products Market Report by Segment
By Type
- Poultry
- Cattle
- Aquatic
- Porcine
By Product
- Pharmaceuticals
- Vaccines
- Feed Additives
Global Animal Health Products Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
