Emerging Trends in APAC Animal Health Market by Types, Revenue, Industry Growth and Forecast 2021

CITY, Country, 2020-Jan-14 — /EPR

The Asia-Pacific Animal Health market is expected grow significantly in the coming years. Increasing livestock population, growing awareness about animal health, rising demand for animal-derived food products, and rising frequency of animal disease outbreaks are some the major factors driving the growth of the Asia-Pacific Animal Health market.

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.

+ Market Dynamics

+ Drivers

+ Rising Demand for Animal-Derived Food Products
+ Increasing Livestock Population and Growing Awareness About Animal Health
+ Growing Frequency of Animal Disease Outbreaks

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“Growth promoters accounted for the largest share of the market in 2015”

The market is segmented into growth promoters, feed additives, vaccines, parasiticides, antimicrobials and antibiotics, and other pharmaceuticals. Growth promoters accounted for the largest share of the market in 2015 owing to its wide utilization by livestock producers and pet owners.

“The Asia pacific animal Health market is segmented into food-producing animals and companion animals.”

The market is segmented into food-producing animals and companion animals. The food-producing animals segment accounted for the largest share of the market, while companion animals are expected to register the highest growth during the forecast period.

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https://www.marketsandmarkets.com/PressReleases/asia-pacific-animal-health.asp

 

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