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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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 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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