Animal Health Market Size, Growth and Application By Animal Type (Farm animal, Companion Animal), Product (Pharmaceuticals, Vaccines, Feed Additives), Route of Administration (Oral, Parenteral), Distribution Channel (Retail, E-Commerce), Top Key Players and Region, Forecast to 2023
The Global Animal Health Market share was valued USD 38,500 million in 2017 and is expected to exhibit a strong 5.7% CAGR over the forecast period from 2018 to 2023, according to Market Research Future (MRFR).
The animal health market can be broadly divided into livestock and companion animals.
This has driven the demand for companion animals in recent years, as the number of families as well as solitary owners looking for pets has increased.
This has led to a growing demand for vaccines, medicines, and specialized pet food, among others, in order to keep the companion animal in top shape.
Animal health market size is expected to propel growth based on account of rising awareness about pet medications and growing animal feed industry over the forecast period.