Global Animal Healthcare Market Projected to Be Worth US$43.0 Bn by 2020 by Future Market Insights

VALLEY COTTAGE, N.Y.--(BUSINESS WIRE)--Future Market Insights (FMI), in its recent report titled, "Animal Healthcare Market – Global Industry Analysis and Opportunity Assessment, 2015 – 2020", reveals that the overall animal healthcare market is projected to expand at a healthy single-digit CAGR of 5.1% during forecast period.

Browse the Full Animal Healthcare Market Report With TOC and Product Description:

The three animal healthcare segments covered in this report are feed additives, pharmaceuticals and vaccines for animals. The global animal healthcare market accounted for US$32,081.5 Mn in terms of value in 2014, wherein feed additives accounted for 46.8% of market share in terms of revenue followed by pharmaceutical with 37.0%. The market has also been analysed by animal type — companion & production animals — and also on the basis of regions.

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Technological advancement in development of new active ingredients/biologics, increasing zoonotic diseases and intense factory farming are the major underlying factors fuelling the growth of the animal healthcare market between 2015 and 2020.

North America is a potential market for companion/pet animal drugs & vaccines. In contrast, regions such as Asia Pacific and Latin America are shifting towards production of high quality animal feed additives to secure the sustainable supply chain of meat, milk and other animal proteins for their customers.

Key players in animal pharmaceutical & vaccine segment include Zoetis, Inc., Merck & Co., Inc., Eli Lilly and Company, Bayer Healthcare AG, Ceva Santé Animale, Virbac S.A, Vetoquinol SA, Boehringer Ingelheim GmbH, Nutreco N.V., Sanofi S.A. Major global animal feed additive manufacturers are Cargill Inc. (Provimi), ADM Alliance Nutrition, Koninklijke DSM N.V and Evonik Industries AG among others.

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