PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504282
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504282
Please contact us using the inquiry form for pricing information.
Global Market Insights Inc. offers GMIPulse, a cutting-edge, Business Intelligence (BI)-enabled platform designed to deliver the finest strategic value. GMIPulse offers an adaptable subscription service, customizable to meet your unique needs, providing comprehensive and granular market data, competitive landscape insights, and an in-depth understanding of industry ecosystems. This platform is your go-to solution for all market research needs, ensuring you stay ahead with the latest trends and technological advancements.
The animal health and nutrition industry is rapidly advancing with significant growth driven by innovations in feed additives, pet nutrition, veterinary technology, and pharmaceuticals. GMIPulse provides in-depth insights into the following key clusters within this industry:
TThe feed additives market is expected to grow at a CAGR of 5.3% from 2023 to 2030, driven by the increasing demand for high-quality animal products and the need for improved animal health and performance. Major market segments include amino acids, vitamins, enzymes, and probiotics. For example, the demand for probiotics is projected to see robust growth due to their benefits in enhancing gut health and immunity in livestock.
TThe pet nutrition market is witnessing significant growth, with a projected CAGR of 6.8% from 2023 to 2030, driven by the rising pet ownership rates and increasing awareness of pet health and wellness. Key segments include premium pet food, functional treats, and dietary supplements. For instance, the demand for grain-free and organic pet foods is on the rise as pet owners become more health-conscious about their pets' diets.
TThe pet technology market is growing rapidly, with an expected CAGR of 9.2% over the next decade, fueled by advancements in pet health monitoring devices, smart feeders, and pet tracking systems. Innovations such as wearable health trackers for pets are gaining popularity, providing real-time health data to pet owners and veterinarians, which can lead to better health outcomes for pets.
TThe veterinary medical devices market is projected to grow at a CAGR of 7.1% from 2023 to 2030, driven by the increasing adoption of advanced diagnostic and therapeutic devices in veterinary practices. Key examples include diagnostic imaging systems, surgical instruments, and monitoring equipment. The use of advanced imaging systems like MRI and CT scanners is becoming more prevalent in veterinary diagnostics, enhancing the ability to diagnose and treat complex conditions in animals.
TThe veterinary pharmaceuticals market is expected to expand at a CAGR of 6.5% from 2023 to 2030, driven by the rising incidence of animal diseases and the need for effective treatments. Major segments include antibiotics, vaccines, and anti-inflammatory drugs. For instance, the development of new vaccines for livestock diseases is critical in preventing outbreaks and ensuring food security.
TThe veterinary services market is experiencing robust growth, with a projected CAGR of 5.8% from 2023 to 2030, driven by the increasing demand for preventive care, diagnostics, and specialized treatments. Services such as routine check-ups, dental care, and emergency care are becoming more comprehensive and widely available, improving overall animal health and welfare.
TGMIPulse offers unparalleled strategic value through its BI-enabled platform. With its customizable and interactive interface, accurate data, and comprehensive market insights, GMIPulse is your essential tool for staying ahead in the competitive market landscape. Subscribe today to unlock the full potential of your market research and strategic planning capabilities.
Please contact us using the inquiry form for pricing information.