Animal Healthcare Market

Animal Healthcare Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020

Animal healthcare has become a focus area for many pharmaceutical companies in past decade. The particular market has become even more important because of greater instances of animal disease outbreaks coupled with large scale factory farming that requires high quality animal feed additives, vaccines as well as hygiene management products.

The global animal healthcare market is estimated to value at US$ 32,081.5 million in 2014 and expected to reach 43,032.1 million by 2020, reflecting a CAGR of 5.1% during forecast period. The animal healthcare market is expected to show major growth in feed additives segment due to rising demand of meat, milk and egg worldwide.

The market has been accessed by product type as feed additive, pharmaceuticals and vaccines for both companion/pet and production/farm animals.

Feed additive segment was valued at US$ 14,998.3 million in 2014 with 46.8% market share. Currently, feed additives account for the largest market and is expected to gain further market share to maintain its dominant position through the forecast period. Pharmaceuticals accounted for the second largest market share with 37.0% market share in 2014. Vaccines segment was valued at US$ 5,204.6 Mn in 2014 and is expected to reach US$ 6,901.4 Mn by 2020 reflecting a CAGR of 4.9% between 2015 and 2020.

By animal type, production animal accounts for the major market share with 65.1% in 2014. It was valued at US$ 20,871.7 Mn in 2014 and is expected to reach US$ 27,791.6 Mn by 2020. In contrast, companion animal segment accounted for 34.9% market share in terms of revenue, but is expected to grow faster than the production animal segment for various pharmaceuticals and vaccines. The companion animal segment was valued at US$ 11,209.8 Mn in 2014 and is projected to reach US$ 15,240.5 Mn by 2020.

Geographically, the market is segmented into five regions namely North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA). Europe and North America together constituted more than 63% of the market share in 2014 which is expected to come down to 61.4% by 2020. Major growth is expected to come from Asia Pacific, Latin America, MEA and some East European countries. Asia Pacific which is one of the highest producer of animal meat in the world is expected to consume highest amount of feed additive followed by North America. North America and Western Europe is a potential market for companion animal products whether it be pharmaceuticals or vaccines.

Consumers demand for natural products and food processor’s demand for transparent labelling would drive the demand of Animal Healthcare categories. Furthermore, development in micro-encapsulation techniques and packaging innovation would give thrust to carotenoid market. Government regulations are highly supportive towards the use of natural products, thus there are numerous supply side and demand side drivers fuelling the expansion of Animal Healthcare market globally.

Over the last decade, various independent entities have emerged as standalone animal healthcare companies to fulfill the ever-increasing demand for feed additives, veterinary drugs, and vaccines. Animal healthcare market has also seen some very important mergers and acquisitions to acquire expertise in developing new drugs/active pharmaceutical ingredients. The market is also highly potential for branded generic drugs in as most of the blockbuster drugs are now off-patent. Greater investment in R&D to develop new drugs would fetch animal healthcare companies’ greater profits in the coming 15-20 years.

Some of the market leaders across the globe are in the pharmaceutical & vaccine segment of animal healthcare market includes Zoetis, Inc. (Pfizer), Merck & Co., Inc. (Intervet), Eli Lilly and Company (Elanco/Novartis), Bayer Healthcare AG, Ceva Santé Animale, Virbac S.A, Vetoquinol SA, Boehringer Ingelheim GmbH, Nutreco N.V. and Sanofi S.A. (MERIAL Limited). Major animal feed additive manufacturers are Cargill Inc. (Provimi), ADM Alliance Nutrition, Koninklijke DSM N.V and Evonik Industries AG among others.

This Future Market Insights report examines the ‘Animal Healthcare’ market for the period 2015–2020. The primary objective of the report is to analyse the underlying factors that have given rise to a futuristic market: Animal Healthcare, which is significantly transforming global businesses and enterprises. High demand of meat, milk & eggs, increasing pet adoption & humanization of pets, and lethal zoonotic diseases are some of the major drivers of the growing animal healthcare market.

The Animal Healthcare market report starts with an overview & introduction of the global animal healthcare market focusing on its various segment and major players. In the next section, FMI covers the Animal Healthcare market performance in terms of market dynamics.This section includes FMI’s analysis of the key trends, drivers and restraints from the supply and demand side, which are influencing the Animal Healthcare market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the Animal Healthcare report to better equip and arm clients with crystal clear decision-making insights. Unethical usage of antibiotics/antimicrobials in feed and pharmaceuticals has becoming major thereat for humans and thus, the government is taking serious steps to regulate the usage of these products in the market.

The primary focus of the following section is to analyse the Animal Healthcare market by adoption among various segments; the primary healthcare product type covered under the scope of the report are feed additives, pharmaceuticals and vaccines. Feed additives comprises of both medicated and nutritional feed. In addition, the market analyzed by animal type as companion and production animal. Dogs & cats forms the major chunk of companion animal segment in terms of healthcare products usage. Flea & tick medicines and vaccines are popular in companion animals or pets. Poultry, swine, beef, veal and equine falls under the production or farm animal segment. Feed additives consumption is extremely high in production animals.

As highlighted earlier, the Animal Healthcare market is segmented on the basis of animal type, product type and regions.

The next section of the report highlights Animal Healthcare adoption by regions. It provides a market outlook for 2014–2020 and sets the forecast within the context of the Animal Healthcare ecosystem, including the major drugs per species and their active ingredients as well as generic equivalent. This study discusses the key regional trends contributing to growth of the Animal Healthcare market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

The regions are further sub-segmented by animal type, product type and countries to provide better clarity for the future opportunities. North America is further sub-segmented into the U.S., Mexico and Canada. Europe is sub-segmented into France, Germany, The U.K., Italy, Spain, Turkey, CIS countries, Rest of Europe. Likewise, Asia Pacific is sub-segmented as China, India, Japan, Australia and rest of Asia Pacific. Latin America is sub-segmented as Brazil and rest of Latin America. Middle East & Africa is sub-segmented as Middle-Eats, North Africa and Rest of Africa.

All the above sections, by product type, by application or by regions, evaluate the present scenario and the growth prospects of the Animal Healthcare market for the period 2014 –2020. We have considered 2014 as the base year and provide data for the trailing 12 months.

To calculate the Animal Healthcare market size, we have considered revenue generated from the sale of Animal Healthcare by various manufacturers. The Animal Healthcare market is a consolidated market when we consider each segment as “feed additives”, “pharmaceuticals” and “vaccines”. The forecast presented here assesses the total revenue by value across the Animal Healthcare market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Animal Healthcare market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on supply side, downstream industry demand and economic envelope.

In addition, the aquaculture market overview has also been provided in the report with present and future potential in segments like feed additives, antibiotics and fish vaccines. The feed additive segment is further sub-segmented as Corn/Wheat Meal, Soy Meal, Fish Meal, Fish Oil/Other Oils, Formulated Fish Feeds and Others.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the Animal Healthcare market. This detailed level of information is important for the identification of various key trends of the Animal Healthcare market.

Also, another key feature of this report is the analysis of all key Animal Healthcare application segments, sub-segments, regional adoption and product segment revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Animal Healthcare market.

Furthermore, to understand key growth segments in terms of growth & adoption of Animal Healthcare technology and regions, Future Market Insights developed the Animal Healthcare Market Attractiveness Index. The resulting index should help providers identify real market opportunities.

In the final section of the report, Animal Healthcare Competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence in Animal Healthcare product portfolio and key differentiators. Key categories of providers covered in the report are the feed additive, animal pharmaceutical & vaccine manufacturers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the Animal Healthcare value chain and the potential customers for the same.

Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the Animal Healthcare marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Animal Healthcare space. Key competitors covered in animal pharmaceutical & vaccines segment includes Zoetis, Inc. (Pfizer), Merck & Co., Inc. (Intervet), Eli Lilly and Company (Elanco/Novartis), Bayer Healthcare AG, Ceva Santé Animale, Virbac S.A, Vetoquinol SA, Boehringer Ingelheim GmbH, Nutreco N.V. and Sanofi S.A. (MERIAL Limited). Major global animal feed additive manufacturers covered in the report are Cargill Inc. (Provimi), ADM Alliance Nutrition, Koninklijke DSM N.V and Evonik Industries AG among others.

Table Of Content

1. Research Methodology

2. Assumptions & Acronyms Used

3. Executive Summary

4. Global Animal Healthcare Market: Taxonomy

5. Global Animal Healthcare Market Overview

    5.1. Introduction

    5.2. Global Trends of Animal Healthcare Market

    5.3. Top Meat Producing Countries

    5.4. Countries with Highest Pet Population

6. Global Animal Healthcare Market Size and Forecast

7. Global Animal Healthcare Market Dynamics

    7.1. Demand Side Drivers

    7.2. Supply Side Drivers

    7.3. Restraints

    7.4. Porter’s Five Force Analysis of Global Animal Healthcare Market

8. Global Animal Healthcare Market Analysis & Forecast By Animal Type

    8.1. Global Animal Healthcare Market Snapshot By Animal Type

    8.2. Global Animal Healthcare Market Snapshot By Animal Type: Regional Overview

    8.3. Global Animal Healthcare Market Absolute $ Opportunity By Animal Type

9. Global Animal Healthcare Market Analysis & Forecast By Product Type

    9.1. Global Animal Healthcare Market Snapshot By Product Type

    9.2. Global Animal Healthcare Market Snapshot By Product Type: Regional Overview

    9.3. Global Feed Additives Segment Analysis and Forecast

    9.4. Global Pharmaceuticals Segment Analysis and Forecast

    9.5. Global Vaccines Segment Analysis and Forecast

10. Global Animal Healthcare Market Analysis & Forecast By Region

    10.1. North America

          10.1.1. North America Animal Healthcare Market Analysis

          10.1.2. North America Animal Healthcare Market Size By Country

          10.1.3. North America Animal Healthcare Market Analysis By Product Type

    10.2. Latin America

          10.2.1. Latin America Animal Healthcare Market Analysis

          10.2.2. Latin America Animal Healthcare Market Size By Country

          10.2.3. Latin America Animal Healthcare Market Analysis By Product Type

    10.3. Europe

          10.3.1. Europe Animal Healthcare Market Analysis

          10.3.2.Europe Animal Healthcare Market Size By Country

          10.3.3. Europe Animal Healthcare Market Analysis By Product Type

    10.4. Asia Pacific

          10.4.1. Asia Pacific Animal Healthcare Market Analysis

          10.4.2. Asia Pacific Animal Healthcare Market Size By Country

          10.4.3. Asia Pacific Animal Healthcare Market Analysis By Product Type

    10.5. Middle East and Africa

          10.5.1. Middle East and Africa Animal Healthcare Market Analysis

          10.5.2. Middle East and Africa Animal Healthcare Market Size By Country

          10.5.3. Middle East and Africa Animal Healthcare Market Analysis By Product Type

11. Top Veterinary Drugs/Brands (Patented & Off-patent), By Species: Companion Animals

    11.1. Dogs

    11.2. Cats

12. Top Veterinary Drugs/Brands (Patented & Off-Patent), By Species Type: Production Animals

    12.1. Poultry    

    12.2. Swine

    12.3. Ruminants

    12.4. Equine

13. Global Aquaculture Market Size and Forecast

    13.1. Global Aquaculture Market Size and Forecast By Product Type

          13.1.1. Feed Additives

          13.1.2. Antibiotics

          13.1.3. Vaccines

    13.2.Trends in Global Aquaculture Market

14. Animal Healthcare: Regulations

    14.1. Regulations in Emerging Nations

15. Competitive Landscape

    15.1. Company Profiles

          15.1.1. Bayer AG

          15.1.2. Boehringer Ingelheim GmbH

          15.1.3. Cargill, Inc.

          15.1.4. Ceva Santé Animale

          15.1.5. Eli Lilly and Company

          15.1.6. Koninklijke DSM N.V.

          15.1.7. Merck & Co., Inc.

          15.1.8. Novartis AG

          15.1.9. Nutreco N.V.

          15.1.10. Sanofi S.A.

          15.1.11. SeQuent Scientific Ltd.

          15.1.12. Virbac S.A.

          15.1.13. Vétoquinol S.A.

          15.1.14. Zoetis Inc.

    15.2. Company Profiles - India

List of Tables

Table 1: North America Animal Healthcare Market Size By Animal type (US$ Mn) (2013–2020)

Table 2: Latin America Animal Healthcare Market Size By Animal type (US$ Mn) (2013–2020)

Table 3: Europe Animal Healthcare Market Size By Animal type (US$ Mn) (2013–2020)

Table 4: Asia Pacific Animal Healthcare Market Size By Animal type (US$ Mn) (2013–2020)

Table 5: MEA Animal Healthcare Market Size By Animal type (US$ Mn) (2013–2020)

Table 6: Global Animal Healthcare Market Size By

Table 7: North America Animal Healthcare Market Size By Country (US$ Mn) (2013–2020)

Table 8: North America Animal Healthcare Market Size By Product Type (US$ Mn) (2013–2020)

Table 9: Latin America Animal Healthcare Market Size By Country (US$ Mn) (2013–2020)

Table 10: Latin America Animal Healthcare Market Size By Product Type (US$ Mn) (2013–2020)

Table 11: Europe Animal Healthcare Market Size, By Country (US$ Mn) (2013–2020)

Table 12: Europe Animal Healthcare Market Size By Product Type (US$ Mn) (2013–2020)

Table 13: Asia Pacific Animal Healthcare Market Size By Country (US$ Mn) (2013–2020)

Table 14: Asia Pacific Animal Healthcare Market Size By Product Type (US$ Mn) (2013–2020)

Table 15: Middle East and Africa Animal Healthcare Market Size By Country (US$ Mn) (2013–2020)

Table 16: Middle East and Africa Animal Healthcare Market Size By Product Type (US$ Mn) (2013–2020)

List of Figures

Figure 1: Global Animal Healthcare Market Value (US$ Mn) & Y-o-Y Growth (%) Forecast, 2014–2020

Figure 2: Global Animal Healthcare Market Absolute $ Opportunity, 2015–2020 (US$ Mn)

Figure 3: Global Animal Healthcare Market Share, By Animal Type, By Region, 2014 (%)

Figure 4: Global Production Animal Segment Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 5: Global Companion Animal Segment Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 6: Global Animal Healthcare Market, By Product Type, By Region, 2014 (%)

Figure 7: Global Feed Additives Segment Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 8: Global Feed Additives Segment Y-o-Y Growth, 2014–2020 (%)

Figure 9: Global Pharmaceuticals Segment Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 10: Global Pharmaceuticals Segment Y-o-Y Growth, 2014–2020 (%)

Figure 11: Global Vaccines Segment Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 12: Global Vaccines Segment Y-o-Y Growth, 2014–2020 (%)

Figure 13: Global Animal Healthcare Market Split By Region, 2014 – 2020 (%)

Figure 14: Global Animal Healthcare Market Y-o-Y Growth, 2014 – 2020 (%)

Figure 15: Animal Healthcare Market Attractiveness By Region, 2014

Figure 16: North America Animal Healthcare Market Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 17: North America Animal Healthcare Market Y-o-Y Growth, 2014–2020 (%)

Figure 18: North America Animal Healthcare Market Value Share & BPS Analysis By Country, 2014 & 2020 (%)

Figure 19: North America Animal Healthcare Market Value Share & BPS Analysis By Product Type, 2014 & 2020 (%)

Figure 20: Latin America Animal Healthcare Market Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 21: Latin America Animal Healthcare Market Y-o-Y Growth, 2014–2020 (%)

Figure 22: Latin America Animal Healthcare Market Value Share & BPS Analysis By Country, 2014 & 2020 (%)

Figure 23: Latin America Animal Healthcare Market Value Share & BPS Analysis By Product Type, 2014 & 2020 (%)

Figure 24: Europe Animal Healthcare Market Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 25: Europe Animal Healthcare Market Y-o-Y Growth, 2014–2020 (%)

Figure 26: Europe Animal Healthcare Market Value Share & BPS Analysis By Country, 2014 & 2020 (%)

Figure 27: Europe Animal Healthcare Market Value Share & BPS Analysis By Product Type, 2014 & 2020 (%)

Figure 28: Asia Pacific Animal Healthcare Market Absolute $ Opportunity, 2014–2020 (US$ Mn)

Figure 29: Asia Pacific Animal Healthcare Market Y-o-Y Growth, 2014–2020 (%)

Figure 30: Asia Pacific Animal Healthcare Market Value Share & BPS Analysis By Country, 2014 & 2020 (%)

Figure 31: Asia Pacific Animal Healthcare Market Value Share & BPS Analysis By Product Type, 2014 & 2020 (%)

Figure 32: MEA animal healthcare market Absolute $ Opportunity, 2014 – 2020 (US$ Mn)

Figure 33 MEA animal healthcare market Y-o-Y Growth, 2014 – 2020 (%)

Figure 34: Middle East and Africa Animal Healthcare Market Value Share & BPS Analysis By Country, 2014 & 2020 (%)

Figure 35: Middle East and Africa Animal Healthcare Market Value Share & BPS Analysis By Product Type, 2014 & 2020 (%)

Figure 36: Global Aquaculture Market Value (US$ Mn) & Y-o-Y Growth (%) Forecast, 2014–2020

Figure 37: Global Aquaculture Market By Product Type, 2014 (%)

Figure 38: Global Aquaculture Feed Additives Sub-segments (%), 2014

Figure 39: Global Aquaculture Feed Additives Sub-segments (%), 2020