Animal Healthcare Market Projected to reach US$ 43,032.1 Mn during 2015-2020: FMI
Verfasser: Monicafmi31 on Friday, 9 June 2017Animal healthcare has become a focus area for many pharmaceutical companies in past decade. The particular market has become even more important because of greater instances of animal disease outbreaks coupled with large scale factory farming that requires high quality animal feed additives, vaccines as well as hygiene management products.
The global animal healthcare market is estimated to value at US$ 32,081.5 million in 2014 and expected to reach 43,032.1 million by 2020, reflecting a CAGR of 5.1% during forecast period. The animal healthcare market is expected to show major growth in feed additives segment due to rising demand of meat, milk and egg worldwide.
The market has been accessed by product type as feed additive, pharmaceuticals and vaccines for both companion/pet and production/farm animals.
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