Farm Animal/Veterinary Drug Market Evolving Industry Trends Analysis 2018-Dominated By Bayer, Dechra Pharmaceuticals, Boehringer Ingelheim, Intas Biopharmaceuticals, Sequent Scientific Ltd.

Global Farm Animal Drug Market According to Data Bridge Market Research new Market report, “By Product Type (Anti-Infective, Parasiticide Anti-inflammatory, Anesthetics, Analgesics, Hormones & Related Products, Others), By Route of Administration (Oral, Parenteral, Topical, Others), By Application (Swine, Poultry, Equine, Ruminants, Livestock), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies & Drug Stores, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) – Industry Trends and Forecast is projected to reach USD 12.05 billion by 2025, at a CAGR of 6.6% during the forecast period of 2018 to 2025.

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GLOBAL FARM ANIMAL DRUG MARKET

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.

There are many factors which have influenced the growing importance of livestock medicines and vaccines as significant component of global food supply. Such as scarcity of arable land & fresh water, increased standards of living are increasing demand for improved nutrition and risen focus on food safety.

There are several major players in the market who provides quality veterinary medicines and solutions for the treatment and prevention of parasitic diseases, anti-infective, immunostimulation, pharmacological therapies and farm hygiene. The market players and manufacturers are usually focused on beef and dairy, and have a broader product portfolio that includes swine, poultry and aquaculture.

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Market Segmentation: Global Farm Animal Drug Market
The global market for farm animal drug by the following sub-categories is presented

By Product Type
Anti-Infective
Parasiticide
Anti-inflammatory
Anesthetics
Analgesics
Hormones & Related Products
Others
Route of Administration
Oral
Parenteral
Topical
Others

By Application
Swine
Poultry
Equine
Ruminants
Livestock

By Distribution Channel
Veterinary Hospitals
Veterinary Clinics
Pharmacies and Drug Stores
Others

By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa

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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.

Some of the major players operating in global farm animal drug market include Bayer AG, Zoetis, Merial, Elanco Animal Health, Boehringer Ingelheim, Novartis AG, Virbac, Piedmont Animal Health, Kepro, Agrimin Limited, Alta Genetics Inc., ANFISCO FACTORY OÜ, AST Farma BV, Bfactory Health Products B.V., BREMER PHARMA GMBH, Chr. Hansen Holding A/S, CANDIOLI Srl u.s., Dopharma, Hokochemie, LAVET Pharmaceuticals Ltd., MSD Animal Health, among others.

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