Animal Health Care Industry Future Ahead..
Emerging Trends in Animal Health Care Industry SHUCHI.P.NAHAR Just like the world around us, animal health has undergone transformational change in the 21st century. Animals are receiving better care, medicines are becoming more targeted, and diseases have even been eradicated. There's no sign that this change will stop soon. Here are the four trends that will drive animal agriculture and petcare in the coming years.The niche global animal health sector is witnessing exciting growth opportunities and consolidation. On the one hand, the opportunity landscape is driven by population expansion, increased demand for animal protein, changing lifestyles and evolving habits. On the other hand, the consolidation is the result of growing compliance and complexity. The global animal health market size was valued at USD 47.1 billion in 2019 and is expected to exhibit a CAGR of 5.8% during the forecast period. The market is largely driven by a significant rise in demand for protein food and an...