The animal health market is one of the most prosperous market in Indonesia. With the effective growth in linkages amongst animal health and human health as well as safety, the concept of animal health precisely of farm animals has obtained higher importance. Aspects likewise inclining requirement from customers for security and healthy food along with the augmented government pressure to build the newer systems for animal health management has been leading the growth in requirement for farm and animal health products in the industry. The Indonesia animal health market presented modest growth during the review duration. The market for animal health in Indonesia is predicted to develop.
Although, at Ken Research, the Indonesia Animal Health Market Report delivers the comprehensive analysis of animal health market in Indonesia which includes countless factors likewise market size of animal health market, pharmaceuticals, segmentation by animal feed additives, vaccines and on the basis of species. The report also delivers the competitive landscape and profile of foremost players functioning in the animal health market in Indonesia.
The major players functioning the animal feed additives market in Indonesia comprise global players such as Zoetis, Elanco and others. Apart from such global players, numerous domestic players also aggressively participate in the market, which comprise PT Charoen Pokphand Indonesia Tbk, Pt Japfa Compfeed Indonesia Tbk amongst others in the animal feed additives market.
The market for animal pharmaceuticals of Indonesia is observed as one the markets in the world which has enormous potential to grow in the forthcoming future. Throughout 2009-2014, the market revenue for pharmaceuticals has full-grown at a CAGR of 5.4% reaching USD ~ million during 2014. The increasing demand for animal products in Indonesia would endure to boost because of augmenting requirement for proper care and treatment of the animals. The animal pharmaceuticals industry is predicted to benefit from the opportunities in terms of new legislations for animal pharmaceuticals.
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The market for animal pharmaceuticals is estimated to augment at a CAGR of 10.3% in 2014-2019 and reach USD ~ million during 2019.
The market is basically driven by a noteworthy rise in requirement for protein food and an increment in the incidence of zoonotic and food-borne diseases around the globe. This unprecedented growth in disease prevalence has triggered companies to introduce advanced vaccines and pharmaceuticals. The high requirement has also resulted in a subsequent growth in the number of companies undertaking dependable efforts to control pathogen contamination risks and food-borne diseases, which is underwriting to the market growth. In addition, the increasing number of government initiatives to encourage the animal health products is presumed to drive the entire market.
Not only has this, owing to effective growth in the number of awareness and augment in number of animals living with dissimilar type of diseases, the expenditure on vaccination of animals (both farm animals and companion animals) is estimated to incline the market further to USD ~ million during 2019.
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market for animal pharmaceuticals of Indonesia
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