Key points and trends in the press release from Global Market Insights, Inc. will interest animal health pros.
It notes various growth drivers including:
- Growing trend of adopting pet animals
- Rising prevalence of food borne and zoonotic diseases
- Favorable government initiatives
- Rapidly increasing demand for animal protein in human food
- Technological advancement in development of animal health drugs
- Changing animal husbandry trends to dynamically influence animal healthcare market demand
Source: openPR®, August 9, 2018. Link.
With the rising population, the global meat and dairy consumption rate is set to increase parallelly. It is estimated that in order to feed the world in 2030, the overall animal protein production has to be increased by approximately 30% from what it is at the present.