Asia-Pacific Animal Health Market worth 20.25 Billion USD by 2021

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MarketsandMarkets Presents
Asia-Pacific Animal Health Market worth 20.25
Billion USD by 2021
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The report "Asia-Pacific Animal Health Market by
Product (Parasiticides (Endoparasiticides,
Ectoparasiticides), Antimicrobial Antibiotic,
Vaccines, Feed Additive (Vitamin, Amino Acids,
Antioxidant), Growth Promoter), Animal
(Livestock, Companion) - Forecast to 2021",
report analyzes and studies the major market
drivers, restraints, challenges, and
opportunities in China, Japan, India, and the
Rest of Asia-Pacific Browse 116 market data
tables and 35 figures spread through 199 pages
and in-depth TOC on Asia-Pacific Animal Health
Market by Product (Parasiticides
(Endoparasiticides, Ectoparasiticides),
Antimicrobial Antibiotic, Vaccines, Feed
Additive (Vitamin, Amino Acids, Antioxidant),
Growth Promoter), Animal (Livestock, Companion) -
Forecast to 2021 http//www.marketsandmarkets.co
m/Market-Reports/asia-pacific-animal-health-market
-106215485.html
 
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ia-pacific-animal-health-market-106215485.html
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Early buyers will receive 10 customization on
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• The APAC animal health market has witnessed
  significant growth during the last decade and is
  expected to grow at a CAGR of 5.7 during the
  forecast period to reach USD 20.25 Billion by
  2021. Growth in this market can majorly be
  attributed to factors such as rapidly increasing
  livestock population, increasing demand for
  animal-derived food products, growing awareness
  about animal health, and rising frequency of
  animal disease outbreaks. However, the shift
  towards vegetarian diets, rising cost of vaccine
  storage, and restrictions on the use of
  parasiticides in food-producing animals are
  expected to restrain the growth of the APAC
  animal health market.

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• Growth in companion animal ownership and rising
  adoption of pet health insurance in APAC offer
  significant growth opportunities for players
  operating in the APAC animal health market.
• The APAC animal health market is segmented based
  on product, type of animal, and country. In 2015,
  the growth promoters segment accounted for the
  largest share of the APAC animal health market,
  while the vaccines segment is expected to witness
  the highest growth during the forecast period.

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• Growth in this segment can be attributed to the
  higher utilization of vaccines as a preventive
  measure for various animal diseases by
  veterinarians, livestock producers, and pet
  owners. The food-producing animals segment
  accounted for the largest share of the APAC
  animal health market, by type of animal.
• China is the largest regional segment for the
  APAC animal health market and is expected to
  witness the highest growth rate during the
  forecast period.

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• The large share of this regional segment is
  driven by the increasing livestock population,
  rising demand for animal-derived food products in
  China, increasing pet ownership, and growing
  adoption of pet insurance. Key players operating
  in this market include Zoetis, Inc. (U.S.),
  Sanofi (France), Merck and Co., Inc. (U.S.), Eli
  Lilly and Company (U.S.), and Boehringer
  Ingelheim GmbH (Germany).

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• Other players include Bayer AG (Germany), Ceva
  Santé Animale (France), Virbac (France), Perrigo
  Company Plc. (U.S.), Vetoquinol S.A. (France),
  Cargill, Inc. (U.S.), Royal DSM N.V.
  (Netherlands), and Evonik Industries AG
  (Germany).

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