Description
The Global market for Poultry Health is currently estimated to be valued at $ 2105 million for the year 2014 and is poised to reach $ 4038 million by the end of 2020 . The CAGR during this period of forecast is 11.47 %. Growing animal food product consumption is leading to an increase in demand for animal healthcare products and services . While poultry constitutes a significant share of total animal food product consumption globally , production growth of poultry products has been growing over the last few years . High feed costs and disease outbreaks have particularly affected poultry meat supply in 2013 . On a more general level , higher demand for animal protein and increasing consumer concern over food safety will enable growth in demand for poultry healthcare products and services .
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Currently , North America leads the Global market for Poultry Health , followed by Europe . However , developing regions like Asia-pacific and Africa are expected to grow rapidly , forming a new revenue pockets in the market . Countries such as India , China , and Brazil will be major contributors to this market over the next decade . For instance , India has consistently averaged over 13 % growth in their broiler industry , making it the fourth largest producer in the world . The global Poultry Health market is segmented by type of products ( vaccines , Paraciticides , Anti- Infectives , Medicinal feed additives , and other pharmaceuticals ), by diagnostics ( Enzyme Linked Sorbent Assay ( ELISA ), Rapid Immuno migration ( RIM ), and Agar Gel Immuno diffusion ( AGID )), by molecular diagnostic tests ( PCR , diagnostic imaging , ultrasound imaging , MRI ), by genetics and by geography , the market is divided into North America , Asia-Pacific , Europe and the rest of world .
Drivers Improved nutrition , intensifying consumer focus on food safety , greater livestock production rates and increasing foodborne diseases are the major factors contributing to the growth of the Poultry Health market .
Challenges However , scarcity of arable land and water , increased competition for cultivated land and cost effective production are the factors hindering the growth of the market .
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What the report offers Market Definition for the Global Poultry Health Market along with identification of key drivers and restraints for the market . Market analysis for the Global Poultry Health Market , with region specific assessments and competition analysis on a global and regional scale . www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019