Coronavirus has spread across 215 countries and territories and affected more than 4.4 million people, with close to 300 thousand deaths. The pandemic has had considerable social and economic ramifications across a variety of industries and sectors. As of 28 October 2020, there have been 44,235,263 reported cases of COVID-19 (Source: Worldometer) from Africa, Asia Pacific, the Americas, Europe, and Oceania.
The virus has resulted in 1,171,288 deaths. The true number of infected people would be much higher than the official total, as a large number of cases are asymptomatic and do not undergo testing. It could be assumed that there is a drastic change in the size of the APAC animal health market.
In this scenario, the major end-user segment for APAC animal health, namely, veterinary hospitals & clinics, animal farms, and homecare settings, are expected to be moderately impacted. This could be attributed to the scarcity of trade and transport restrictions, which are expected to recover gradually in Q4 of 2020 as trade relations in most countries achieve near-normalcy.
The prevalence of obesity has increased more than twofold since 1980. According to a journal published by Development Asia in 2018, two of five adults in the Asia Pacific region are found to be overweight or obese, and it is considered to be home to the largest absolute number of obese people, about 1 billion.
The prevalence of obesity in the Asia Pacific ranges from less than 5% in India to 60% in Australia. Although the prevalence in China is a third of that in Australia, the increase in prevalence in China over the last 20 years was 400% compared to 20% in Australia.
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Rapid urbanization and growing disposable incomes are some of the key factors driving pet ownership in these countries. Many pet owners in these countries are now willing to spend more on pet care, specifically healthcare services.
These countries have robust livestock markets. According to a Dairy Tech India article, India is emerging as the world's second-largest poultry market, with an annual growth of more than 14%. India is the world's largest milk producer. According to the US Meat Export Federation, China ranks first in the world for pork consumption. The consumption of pork increased from 28.3 kg per person in 2012 to 34.2 kg per person in 2019.
the APAC animal health market is segmented into parasiticides, antimicrobials and antibiotics, vaccines, feed additives/nutritional products, growth promoters, and other pharmaceuticals. Vaccines are expected to have the highest growth rate during the forecast period due to the growing prevalence of animal-related diseases in Asian countries.
The food-producing animals had the largest share, by an animal, in 2019.
Based on animals, the APAC animal health market is categorized into food-producing animals and companion animals. In 2019, food-producing animals accounted for a large share of the APAC animal health market. The larger share of this segment is due to the increasing livestock population and rising demand for animal-derived food products.
Animal Farms are the largest end-user segment of the APAC Animal Health market.
Based on end-user, the market has been classified into veterinary hospitals & clinics, animal farms, and homecare. In 2019, the animal farms segment accounted for the largest market share of the APAC animal health market. This is because of the large population of livestock in emerging Asia Pacific countries, growing demand for animal-derived food products, and rising incidences of zoonotic diseases.
Recent Developments
- In July 2020, Boehringer Ingelheim launched an external innovation hub in China.
- In July 2020, Merck acquired the US rights from Virbac for the SENTINEL brand of combination parasiticides used to protect dogs against fleas and common intestinal parasites.
- In July 2020, Zoetis announced a collaboration with Trianni for the development of transgenic monoclonal antibody platforms for the discovery of new veterinary treatments
- In April 2020, Elanco collaborated with VetNow to provide relief to veterinarians by expanding its products and service access through the telemedicine platform.
- In July 2017, Zoetis completed the acquisition of Nexvet, a biologic therapeutics company.
Biostimulants Market Information with respect to Type (Natural and Synthetic), Crop Type (Fruits & Vegetables and others), Application (Seed Treatment and Soil Treatment), Active Ingredient (Acid Based and others), Acid Based Ingredients (Humic Acid and Amino Acid), Extract Based Ingredients (Microbial, Plant, Seaweed) and Country – Forecast to 2023
Biostimulants are increasingly finding applications in agriculture and horticulture sector owing to the benefits such as improved metabolism, water holding capacity, chlorophyll and antioxidants production.
The global biostimulants market is majorly driven by the need for an increase in yield per hectare owing to rising global population and their demand for food.
Europe dominates the global biostimulants market due to rising demand for sustainable agricultural products and rising demand for clean label food products.
It further includes product portfolios and developments of leading major players which includes
The leading market players in the Global biostimulants market primarily are BASF SE (Germany), Sapec Group (Trade Corporation International) (Spain), Arysta Life Science Limited (Japan), Isagro S.P.A (Italy), Valagro S.P.A (Italy), Koppert B.V (The Netherlands), Italpollina (Italy)
The Asia-pacific baby food market is expected to register a CAGR of 5.85% during the period of 2019 to 2024.
The Asia-Pacific baby food market is estimated to witness sluggish growth due to changing government regulations and policies regarding population control.
Food safety for babies is a major concern among parents in the APAC region.
We have included all the segment of this market in our market research report.
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DescriptionGlobal Veterinary Vaccines Market: by Type (Porcine Vaccines, Poultry Vaccine, Livestock Vaccine, Companion Animal Vaccine, Aquaculture Vaccine, and Others), by Disease (Porcine, Poultry, Livestock, Companion Animal, and Aquaculture), by Technology (Live Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, Recombinant Vaccines, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)Get Free Sample Copy @ https://www.marketstatsville.com/request-sample/veterinary-vaccines-market-to-be-valued-at-usd-12-3-billion-by-2025The veterinary vaccines market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market.
Animals are recognized as one of the major sources of food, meat, milk, protein, and other commercial products such as leather and wool.
The most commonly veterinary vaccines application includes vaccines for rabies, foot and mouth diseases, and equine influenza virus, further preventing infectious agents from being transmitted by imitating the naturally acquired immunity.
Furthermore, the continuous growth in technological innovation and a growing awareness of animal health in emerging economies or developing countries are expected to create growth opportunities for the market's manufacturers during the forecast period.
In the veterinary vaccines market, the severe disruptions caused by COVID-19, recovery measures, innovations, new technologies & emerging sectors are evaluated.
Global Veterinary Vaccines Market, By Type Porcine VaccinesPoultry VaccineLivestock VaccineBovine VaccinesSmall Ruminant VaccinesCompanion Animal VaccineCanine VaccineFeline VaccineAquaculture VaccinesOthersVeterinary Vaccines Market: Competitive Landscape The leading veterinary vaccine manufacturers in the global market include Merck & Co., Inc., Zoetis Inc., Ceva Santé Animale, Sanofi S.A., and Romvac.
The rising incidence of genetic diseases is one of the biggest factors responsible for the surge in the adoption of carrier screening processes across the world.
The risk and severity of most of the genetic diseases depend on the patient’s ancestors and carrier status.
The American College of Obstetricians and Gynecologists recommends the testing of all pregnant women and those considering motherhood in future in order to detect early the risk of various diseases such as fragile X syndrome, spinal muscular atrophy (SMA), and cystic fibrosis.Access Report Summary -Carrier Screening Market GrowthDue to the above-mentioned factors, the global carrier screening market attained a valuation of $1,303.6 million in 2019 and is expected to exhibit a CAGR of 10.9% during the forecast period (2020–2030).
There are mainly two types of carrier screening methods used for detecting genetic diseases — expanded carrier screening and targeted carrier screening.
Of these, the expanded carrier screening method recorded higher utilization in 2019.
This is ascribed to the fact that this method of carrier screening makes it possible to test for multiple diseases at the same time.Carrier screening is being widely adopted in hospitals, laboratories, and clinics.
E-commerce packaging involves packaging made solutions made of different materials and shapes for several products.
E-commerce industry depends on the packaging for delivering its products safely to its customers since the e-commerce industry has increased for the past few years, and this is expected to create a significant impact on the growth of e-commerce packaging.
Market research shows that the increasing demand for secondary packaging and growing popularity for smart packaging is driving the need for this market.Increasing demand for packaged food, online grocery, online appeals, and non-perishable products is driving the growth of the e-commerce market.
Different packaging materials used comprises of plastic, corrugated board, paper, and others.
Lack of growth in the underdeveloped economies is restricting the growth of e-commerce packaging market.
Through the data collection and survey analysis, the best primary research company analyzed that the APAC region is expected to dominate the market and show incremental growth in the future.The end-use industries are fashion and apparel, consumer electronics, food & beverages, personal care products, and others.
