The Report “Asia-Pacific Animal Health Market by Product (Parasiticides (Endoparasiticides, Ectoparasiticides), Antimicrobial & Antibiotic, Vaccines, Feed Additive (Vitamin, Amino Acids, Antioxidant), Growth Promoter), Animal (Livestock, Companion) - Forecast to 2021”
The APAC Animal Health Market is estimated to grow at a CAGR of 5.7% during the forecast period to reach USD 20.25 Billion by 2021.
Factors such as the rapid rise in livestock population, increasing awareness about animal health, growing demand for animal-derived food products, and rising frequency of animal disease outbreaks are the major factors driving the growth of the Asia-Pacific Animal Health market. However, restrictions on the use of parasiticides in food-producing animals, rising storage cost of animal vaccines, and the shift towards vegetarian diets are restraining the growth of this market to a certain extent.
In this report, the APAC animal health market is segmented based on product, type of animal, and country. Based on product, the market is segmented into growth promoters, feed additives, parasiticides, vaccines, antimicrobials and antibiotics, and other pharmaceuticals.
To know about the assumptions considered for the study, download the pdf brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106215485
The growth promoters segment accounted for the largest share of the market owing to its wide utilization by livestock producers and pet owners. Based on type of animal, the market is segmented into food-producing animals and companion animals.
The food-producing animals segment held the largest share of the Asia-Pacific Animal Health market, while the companion animals segment is expected to witness the highest growth during the forecast period.
Target Audience:
The APAC Animal Health Market is estimated to grow at a CAGR of 5.7% during the forecast period to reach USD 20.25 Billion by 2021.
Factors such as the rapid rise in livestock population, increasing awareness about animal health, growing demand for animal-derived food products, and rising frequency of animal disease outbreaks are the major factors driving the growth of the Asia-Pacific Animal Health market. However, restrictions on the use of parasiticides in food-producing animals, rising storage cost of animal vaccines, and the shift towards vegetarian diets are restraining the growth of this market to a certain extent.
In this report, the APAC animal health market is segmented based on product, type of animal, and country. Based on product, the market is segmented into growth promoters, feed additives, parasiticides, vaccines, antimicrobials and antibiotics, and other pharmaceuticals.
To know about the assumptions considered for the study, download the pdf brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106215485
The growth promoters segment accounted for the largest share of the market owing to its wide utilization by livestock producers and pet owners. Based on type of animal, the market is segmented into food-producing animals and companion animals.
The food-producing animals segment held the largest share of the Asia-Pacific Animal Health market, while the companion animals segment is expected to witness the highest growth during the forecast period.
Target Audience:
- Veterinary pharmaceutical manufacturers
- Veterinary feed manufacturers
- Animal health centers
- Animal health research and development (R&D) companies
- Government associations
- Market research and consulting firms
- Venture capitalists and investors
Comments
Post a Comment