The animal health industry includes all products and services – excluding nutritional feed for pets and livestock – that promote farm and companion animal health as well as farm animal productivity.
Parasiticides, antimicrobials and vaccines are among the top-selling animal health product categories for both the companion and production sectors. Analgesic sales drive the pet space while productivity enhancers drive livestock needs.
North America: 45%
Until 2020, developed countries market will grow at 5% from 19B$ to 26B$ while developing countries will grow 12% from 3B$ to 7B$
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Companion animals account for about 40% of the market with strong growth in both developed and emerging countries due to a fast-growing companion animal population and increased spending to allow pets live longer and healthier lives.
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Companion animals: 41%
Ship / Aqua and others: 9%
Medicinal Feed Additives: 12%
The production animal sector accounts for the other 60% of the total market. Producers and the animal health industry are facing major challenges: there is increased demand for animal proteins but there are limits on the availability of arable land and water resources. A shift towards the use of biologics will help to address these challenges.
Learn more about Bio-Sourcing innovation for farm animals: