Animal Healthcare Market Outlook and Forecast 2020 due to COVID-19 Impact

Animal Healthcare Market With Key Companies Profile & Cost Structure Analysis By 2023 1 ©P&SIntelligence.Allrightsreserved

Since the last few years, there has been a tremendous rise in milk and meat consumption across the globe. This is mainly due to the increasing population, rising per capita income of people, and changing lifestyle choices. In addition to this, the increasing public awareness of health and nutrition and the rising popularity of healthy eating habits have caused a drastic surge in the consumption of various protein-rich foods such as milk, meat, and eggs. These factors have led to a tremendous rise in animal farming, which has, in turn, pushed up the requirement of proper animal healthcare methods. The other major factors propelling the demand for animal healthcare solutions are the increasing requirement of meat in countries such as China, the U.S., Brazil, and Japan and the rising concerns raised over the transmission of various animal diseases to human beings. Apart from these factors, the mushrooming adoption of pets is also boosting the demand for proper animal healthcare techniques. Pet adoption is rapidly becoming very popular in many countries, mainly because of the ability of the companion animals to provide emotional comfort and happiness to their human friends. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/animal-healthcare-market/report-sample “According to an American Pet Products Association 2008 survey, dog and cat owners in the U.S. were observed to be healthier and happier, as compared to non-pet owners. Moreover, Americans spent over $69.5 billion on their pets in 2017”. Due to these factors, the global animal healthcare market is predicted to exhibit substantial growth in the forthcoming years. The market is divided, on the basis of product, into vaccines, anti-inflammatories, anti- infectives, parasiticides, and feed additives. Amongst these, the feed additives category had the highest share in the market, generating a revenue of more than 40% in 2017. Geographically, North America emerged as the major animal healthcare market in the 2017, owing to the rising spending on healthcare of animals by farm animal owners, emerging trend of pet humanization, and growing requirement for animal-based products. Other than this, the demand for animal healthcare products is also predicted to increase in the Asia-Pacific region in the coming years. The increasing requirement for animal-source food products and rising livestock population in various countries are driving the regional market. Hence, the demand for animal healthcare products is growing due to the increasing demand for protein-rich foods and rising trend of pet humanization. Global Animal Healthcare Market Segmentation Market Segmentation by Product Feed Additives Vaccines Parasiticides oEctoparasiticides oEndoparasiticides

oEndectocides Anti-Infectives Anti-Inflammatories Others (Oncological and Antiemetic Products; Drugs for Reproductive Problems; and Medicines for Pain Sedation) Market Segmentation by Animal Type Farm Animals oRuminants oSwine oFish oPoultry Companion Animals oCanine oFeline oEquine Market Segmentation by Distribution Channel Veterinary Hospitals Veterinary Clinics Pharmacies and Drug Stores Others (Online and Retail Stores) This study covers Historical and the present size of the Animal Healthcare Market Future potential of the market through its forecast for the period 2014-2023 Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market 3 ©P&SIntelligence.Allrightsreserved

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Animal Healthcare Market Outlook and Forecast 2020 due to COVID-19 Impact