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Animal Health Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2025 | Hexa Research
“ The global animal health market is poised to witness steady expansion in
terms of revenue over the forecast period.”
31 December 2018
The global animal health market is poised to witness steady expansion in terms of revenue over the forecast
period of 2017 to 2025. Advancing veterinary care technologies coupled with high prevalence of zoonotic
diseases is expected to drive market growth. Rise in animal food-borne diseases globally is projected to
promote adoption of pharmaceuticals and animal vaccines. This factor is expected to give a fillip to market
expansion. Growing demand for protein rich food has given rise to commercial animal farming to increase
production of meat cattle, milch, and other livestock. Growing trend towards the adoption of companion
animals is also expected to promote veterinary healthcare in the forthcoming years.
There is an explosive rise in the demand for meat and poultry among other animal products. Rise in global
population is also projected to drive the market over the forecast period. As per a report by the UN
Department of Economic and Social Affairs (UN DESA), the global population is projected to reach nearly 9.7
billion by 2050. In the same year, around 795 million people will be malnourished or undernourished,
according to the International Fund for Agricultural Development (IFAD).
Rise in food-borne diseases is a major concern for the meat and animal products industry. Hence, companies
focus on research and development for vaccination and pharmaceuticals to prevent and control
contaminations and possible risks of diseases. This is expected to propel the global market in the coming
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