Press release
Animal Healthcare Market CAGR Projected to Grow at 5.1% Through 2020
Production Animal Segment Accounts for Higher Demand
FMI’s report has broadly segmented the animal healthcare market into production animal and companion animal. Between these, demand for healthcare products and services is higher from the production animal segment. Production animal healthcare revenues totalled nearly $21.8 billion in 2015 vis-à-vis $11.7 billion of companion animals.
Feed Additives Segment Worth $15.7 Billion in 2015
The key product categories that account for bulk of the revenues in the animal healthcare market are feed additives, pharmaceuticals, and vaccines. Among these, demand for feed additives is the highest, with global revenues totalling $15.7 billion in 2015. By 2020, feed additives are forecasted to account for nearly 48% revenues of the global animal healthcare market.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-431
US, China, and France Among the Largest Markets
FMI’s report has analysed the animal healthcare market in North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
North America, Europe, and Asia-Pacific account for nearly 88% revenues of the global market. The US, China, Japan, France, Germany, and the U.K. are among the most lucrative markets for companies operating in the animal healthcare landscape.
The North America animal healthcare market was valued at $11.3 billion in 2015, of which the U.S. accounted for nearly $9.2 billion. FMI’s report forecasts the market to increase at 4.5% CAGR through 2020 to reach $14.1 billion in revenues.
The Europe animal healthcare market was valued at $9.6 billion in 2015; it is estimated to expand at 4.7% CAGR through 2020 and total $12.2 billion in revenues. France is the largest market for animal healthcare products and services in Europe, accounting for $1.9 billion in revenues in 2015. FMI’s report forecasts Turkey to be the fastest growing country in the Europe animal healthcare market.
The Asia Pacific animal healthcare market was valued at $8.3 billion in 2015, and FMI estimates it to expand at 6.2% CAGR through 2020. China is the most lucrative country in the Asia Pacific animal healthcare market, and is expected to expand at the fastest CAGR in Asia Pacific. By 2020, China is expected to represent nearly 62% market share.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-431
Animal Healthcare Market: Key Players
Some of the leading players operating in the pharmaceutical & vaccine segment of animal healthcare market include Bayer Healthcare AG, Merck & Co., Inc. (Intervet), Virbac S.A, Eli Lilly and Company (Elanco/Novartis), Vetoquinol SA, Zoetis, Inc. (Pfizer), Ceva Santé Animale, Boehringer Ingelheim GmbH, Nutreco N.V. and Sanofi S.A. (MERIAL Limited).
Major animal feed additive manufacturers include Cargill Inc. (Provimi), Koninklijke DSM N.V., ADM Alliance Nutrition, and Evonik Industries AG.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animal Healthcare Market CAGR Projected to Grow at 5.1% Through 2020 here
News-ID: 641690 • Views: …
More Releases from Future Market Insights
Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Conven …
A new market analysis released today projects the global extruded snacks market to surge from an estimated USD 89.9 billion in 2025 to USD 170.3 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.6%. The market is set to deliver an impressive absolute dollar opportunity of USD 80.4 billion over the forecast period, driven by a global consumer shift towards convenient, shelf-stable, and healthier snack options.
The…
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health …
A new market analysis reveals the global banana flakes market is set to expand significantly, projecting a robust Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2035. The market, valued at USD 559.6 million in 2025, is forecast to reach USD 876.1 million by 2035, fueled by a rising consumer preference for natural, gluten-free, and plant-based ingredients in daily food choices.
This press release offers a detailed look into…
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2. …
The global confectionery fillings market is poised for significant growth, with a new market analysis revealing a robust expansion fueled by a surge in consumer demand for innovative flavors and indulgent textures. According to the analysis, the market is estimated at USD 1381.2 million in 2025 and is projected to reach USD 2207.4 million by 2035, exhibiting a healthy compound annual growth rate (CAGR) of 4.8% during the forecast period.
The…
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart T …
A new market analysis reveals the global water softener market is poised for significant expansion, with a forecasted value of USD 8.7 billion by 2035. The report, covering the period from 2025 to 2035, projects a robust Compound Annual Growth Rate (CAGR) of 8.3%, up from an estimated USD 3.9 billion valuation in 2025. This surge is fueled by a combination of factors, including increasing consumer awareness of hard water's…
More Releases for FMI
Guidewires Market's Journey Ahead: FMI Report Anticipates 6.1% CAGR, US$ 5.9 Bil …
From 2022 to 2030, the global Guidewires Market is projected to develop significantly at a compound annual growth rate of 6.1%, with a market size of over US$ 3.7 Bn in 2022. The market is expanding at a faster rate due to rising demand for straight-tip guidewires for minimally invasive spine and cervical surgeries.
According to a new research study by Future Market Insights,
-Straight tip guidewires, with a current share of…
Ammonium Phosphate Market Share, Size, Trends - 2029 | FMI
The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.
Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1469
Key Takeaways of Ammonium Phosphate Market Study
• Fertilizers industry accounts for substantial ammonium phosphate demand.
• Rising uptake of ammonium phosphate in…
Wearable Fitness Trackers Market Forecast & Share 2027 | FMI
The global wearable computing devices market is expected to be worth US$ 37,557 Mn in 2022, rising to US$ 217,237.2 Mn by 2032. The sales of wearable computing devices are expected to grow at a CAGR of 19.2% during 2022-2032.
The wearable computing devices market size is expected to increase during the projected period as they assist clinicians in remotely monitoring patient health. Consumer interest in smart fitness gadgets is increasing…
Edible Oil Packaging Market Size & Share - 2023 - 2031 | FMI
According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%. By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to…
MOPP Packaging Films Market Size, Analysis & Opportunity | FMI
The MOPP packaging films market is projected to register high demand through 2021, with the overall valuation reaching US$ 221.7 Mn in 2021. FMI also forecasts MOPP packaging films demand to increase at a steady 5.2% CAGR between 2021 and 2031.
Despite restrictions imposed amid COVID-19, MOPP packaging films demand will surge 2021 onwards, albeit gradually. Volume sold globally is expected to total 135.2 Th. tones by the end of…
Labels Market Size, Industry Share, Sales & Trends - 2032 | FMI
The global labels market size is set to reach a valuation of US$ 39.8 Bn in 2022, and further accelerate at a CAGR of 4.8% from 2022-2032. The market is projected to reach US$ 63.7 Bn by the end of 2032. Sales of labels are anticipated to augment with the top 5 players holding 10-15% of the global labels market share in 2021.
Based on product type, the pressure sensitive labels…
