Animal Health Market Trends

Key Emerging Trends in the Animal Health Market

The escalating prevalence of diseases in animals is not only a concern for their well-being but also a serious threat to global food security. Key drivers contributing to the surge in animal diseases include climate change, animal trades, and globalization, with human actions playing a significant role in disease transmission. Zoonotic and chronic diseases among animals are on the rise, posing widespread implications for human interests.

According to the Centers for Disease Control and Prevention (CDC), eight types of zoonotic diseases can be transmitted from animals to humans. These include Zoonotic influenza, Lyme disease, Salmonellosis, Brucellosis, severe acute respiratory syndrome, the Middle East respiratory syndrome, West Nile virus, Rabies, and Plague. The increasing incidence of these diseases fuels the demand for animal health products, as preventive measures become paramount in safeguarding both animal and human health.

Chronic diseases in animals are proliferating, partly due to the advancements in healthcare facilities and nutrition that contribute to longer life expectancies for pets. However, the prevalence of chronic diseases results in one out of every five animals succumbing to such illnesses. The animal health industry invests significantly in preventive tools, primarily vaccinations, to control the spread of chronic diseases, thereby driving the growth of the animal health market.

Global meat consumption has witnessed a substantial upswing, with projections indicating an annual meat consumption per capita reaching 35.3 kg by 2025, according to the Food and Agriculture Organization (FAO). The World Counts forecasts global meat consumption to range between 460-570 million tons by 2050. This surge in meat consumption, along with increased demand for dairy products, necessitates constant monitoring and safety measures for livestock health to mitigate the risk of disease transmission from animals to humans.

In response to the growing emphasis on improving meat safety, there is an increasing demand for mandatory vaccination of animals to ensure their well-being. This proactive approach not only addresses the health of animals but also aligns with global efforts to enhance food safety and security. As the nexus between animal and human health becomes more apparent, the animal health market is poised for continued growth, driven by the imperative to safeguard both animal welfare and human health.