Global Veterinary Nutraceuticals Market was Valued at US$ 9,843.7 Mn in 2018, Increase in Animal Adoption Rate
Analyst Speak:
“The Global Veterinary Nutraceuticals Market was valued around US$ 9,843.7 Mn in 2018 and burgeoning at prominent growth rate over next seven years 2019-2025 owing to increase in animal adoption rate across the globe.”
The global veterinary nutraceuticals market accounted for US$ 9,843.7 Mn in 2018 and surge at significant CAGR over the coming years owing to grow in R&D activities for the development of newer products to improve the animal health. Moreover, rise in awareness about the veterinary nutraceuticals among the livestock farmers, grow in pet animal adoption rate in high and middle income countries, rise in disposable income, and increase in the prevalence of certain veterinary diseases are expected to increase the veterinary nutraceuticals market over the forecast years. However, lack of awareness about the nutraceuticals in underdeveloped countries, stringent regulatory policies for the product approval, and high cost of products are hamper the veterinary nutraceuticals market over the forecast timeframe
Global veterinary nutraceuticals market segmented on the basis of product type, animal type, application, and region

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Vitamins dominate the Global Veterinary Nutraceuticals Market
Based on the product type, global veterinary nutraceuticals market segmented into vitamins, proteins, minerals, enzymes, probiotics, omega-3-fatty acids, and others. Among all the nutrients, vitamins dominate the global veterinary nutraceuticals market and the segment is growing at 7.9% CAGR over the forecast years owing to rise in R&D for the development of newer products by the market players. Moreover, increase in the adoption of vitamins to regulate animal body function and improve the resistance to diseases also surge the market over the forecast years. However, protein nutraceuticals growing at highest CAGR over the forecast years owing to launch of newer products into market. For instance, in October 2018, Ridley Block Operations CRYSTALYX, self-fed protein supplement for beef cattle.
North America Leads the Global Veterinary Nutraceuticals market
PBI’s global veterinary nutraceuticals market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America contributed the larger revenue share through 2014-2018 and expected to dominate the market over 2019-2025 owing development and launch of newer products, grow in pet and farm animal adoption rate, high awareness about the animal diseases, and rise in disposable income in the region. Asia Pacific veterinary nutraceuticals market projected to exhibit lucrative opportunities over the forecast years due to rise in incidence of veterinary diseases, increase in animal farming, expansion of business by the market players into Asia Pacific region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Veterinary Nutraceuticals market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In May 2019, Purina launched a probiotic supplement that has a strain of beneficial bacteria to help dogs maintain calm behavior.
Key player’s profiles in the report are DSM Animal Nutrition, Diana Group, BASF SE, Merial, Cargill, Inc., Bayer Animal Health, Nutraceutical International LLC., Purina, Ridley USA, Inc., Kemin Industries, Boehriger Ingelheim Animal Health, and Archer Daniels Midland Company
Precision Business Insights (PBI) in its report titled “Global Veterinary Nutraceuticals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Detailed Segmentation
By Product Type
o Vitamins
o Proteins
o Minerals
o Enzymes
o Probiotics
o Omega-3-fatty acids
o Others
By Animal Type
o Feline
o Canine
o Equine
o Aquaculture
o Cattle
o Poultry
o Sheep and Goat
o Beef
o Others
By Application
o Immune System
o Weight management
o Digestive health management
o Pain management
o Others
Geography
o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA


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