Indonesia Animal Health market research report 2021-2026 – ResearchAndMarkets.com


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DUBLIN – (COMMERCIAL THREAD)–The “Indonesia Animal Health Market – Forecasts 2021 to 2026” the report was added to ResearchAndMarkets.com offer.

The Indonesian animal health market is valued at US $ 518.437 million for the year 2019 and is expected to grow at a CAGR of 4.04% to reach a market size of US $ 683.933 million by 2026.

The growth in the number of diseases in animals is expected to be one of the main factors supplementing the global demand for animal health products over the next five years.

Likewise, on the other hand, a significant increase in the demand for feed and food products has resulted in an upsurge in the herd in the country. This, combined with the growing epidemic of animal diseases, is expected to complement the market growth during the given period. In addition, the government plays an important role in boosting demand for animal health related products as it takes strategic actions to promote animal health.

An increase in the number of animal welfare associations and rapid growth in the number of NGOs focusing on stray animal care are also propelling business growth opportunities for manufacturers during the forecast period. In addition, an upsurge in animal husbandry activities and the growing inclination of millennials towards animal adoption is also giving a boost to the growth of the market in the near future.

A larger cat population can be seen in the country compared to dogs. Increasing internet sales and the growth of e-commerce are important in commodity-driven animal health markets.

The humanization of pets is the result of rising incomes, changing demographic patterns and consumer preferences. There has been a shift towards ‘parenthood’ for pets versus ‘ownership’, which has influenced purchasing decisions for pet products. In addition, the increase in income has led to an increase in imports of improved animal care products for retail sale in Indonesia. Consumers demand clean, clearly defined labels due to growing awareness of the health of their pets.

Currently, pet owners are determined to know the nutritional information on different pet care products. As a result, some animals; healthcare companies claim transparency in the sourcing and processing of ingredients. As consumers become more concerned about their health, especially when it comes to their diet, similar concerns about the diet of their pets are increasing significantly.

In addition, they strongly prefer natural and organic products. Owners who are very involved with their pets often spend a significant amount of money on pet food and other pet care products.

Competitive outlook

The players in the Indonesian animal health market are implementing various growth strategies to gain competitive advantage over their competitors in this market.

The major market players in the market have been covered along with their relative competitive strategies and the report also mentions the recent transactions and investments of various market players over the past few years. The Company Profiles section details the overview of the company, the financial performance (public companies) over the past few years, the key products and services offered as well as the recent agreements and investments of these important market players. .

Company Profiles

  • Zoetis Inc.

  • Merck & Co., Inc.

  • Vetoquinol

  • Elanco

  • Bayer AG

  • ceva Animal Health

  • Virbac

  • IDEXX Laboratories

  • Phibro Animal Health

  • Boehringer Ingelheim

Segmentation:

By type

  • Vaccines

  • Medications

  • Food additives

  • Others

By animal type

  • Pet

  • Production animals

By end user

  • Hospitals And Veterinary Clinics

  • Animal farms

  • Others

For more information on this report, visit https://www.researchandmarkets.com/r/fkwnun

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Boyd S. Abbott