Farm animals namely goat, cow, chickens, pigs and others are the animals which are raised for different purposes. Such as chickens for eggs, cow and goat provides milk and many more. Animals’ health plays an important role for daily lives and global public health. The demand for safe and high quality animal proteins such as milk, eggs, meat and fish are growing as the world population is growing. To support the animal health who are indirectly connected to the mankind, many farm animal drug manufacturers offer veterinarians and farmers innovative medicines and solutions which contribute to health and well-being of farm animals and better the quality of life.
This global Farm Animal Drug market report endows with an exhaustive overview of product specification, technology, product type and production analysis by considering major factors such as revenue, cost, and gross margin. This report assists clients to be acquainted with new opportunities in the ABC industry and most important customers for the business growth and increased revenue. This excellent report has been planned with full commitment and transparency in research and analysis. By applying best-practice models and research methodologies, complete market analysis is carried out in this Farm Animal Drug report to make sure that the report provides accurate market segmentation and insights for the success of business.
Global Farm Animal Drug Market is expected to rise to an estimated value of USD 25421.46 million by 2026, registering a CAGR of 6.58% in the forecast period of 2019-2026. Rising demand for contaminated free meat and proteins and rising consumption of fresh meat are the factor for the growth of this market.
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Global Farm Animal Drug Market: Competitive Analysis:
Farm animal drug market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Top Major Players:
Bayer AG, Boehringer Ingelheim International GmbH, Ceva, Elanco, Idexx Laboratories, Merck KGaA, Phibro Animal Health Corporation., Vetoquinol, Virbac, Zoetis, Kyoritsuseiyaku Corporation, Nippon Zenyaku Kogyo Co., Ltd., Alembic Pharmaceuticals Limited., SeQuent, Ashish Life Science., Ouro Fino Saude Animal, Dechra Pharmaceuticals.
Factors Driving Growth In The Global Farm Animal Drug Market
Rising production of meat & poultry:
The rising demand for meat has been increased which has increased meat production rapidly over the past 50 years, as reported by the Our World in Data publication. Its study reports that regionally Asia is the largest meat producer. It accounts for around 40.0-45.0% of total meat production. In 2013, Europe had shared 19.0% and North America had shared 15.0% of total meat production. The production of all major meat types has been increasing in complete terms. In 2013, poultry meat accounted for 35.0%, beef and buffalo meat holds a share of 22.0% and pig meat holds the highest share at approximately 35.0-40.0%.
Consumption of Meat & poultry:
Meat consumption is highest across high-income countries. As per the Our World in Data publication, in 2013 the largest meat consumers were in Australia, around 116.0 kilograms per person. Whereas in Europe nearly 80.0 kilograms were consumed and more than 110.0 kilograms were consumed by North Americans. The study also reports that as a global average per capita consumption, pigmeat is the highest of meat commodities. In 2013, the average person consumed around 16.0 Kg of pigmeat, followed by 15.0 Kg of poultry; 9.0 Kg of beef or buffalo meat; 2.0 Kg of mutton & goat and only a fraction of other meat types.
Growing focus of market players
The global farm animal drug market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America.
Analysis on the market gives us these points
- To gain insights about the major regional insights in which the Global Farm Animal Drug Market is flourishing.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Global Farm Animal Drug Market Recent industry trends and developments
- To describe and forecast the Global Farm Animal Drug Market in terms of value, by process, product type, and industry.
- Potential and niche segments/regions exhibiting promising growth
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Major Topics Covered in this Report: Global Farm Animal Drug Market
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix