The global animal pharmaceuticals market size stood at roughly $40.07 billion in 2021, and it is set to reach $72.74 billion by 2030, growing at a CAGR of 6.8% during 2021–2030.
The goat milk products market size was valued at $8,672.9 million in 2021, and it will grow at a CAGR of 4.8% during 2021–2030.
Growing adoption rate of companion animals, increasing consumption of meat and milk, and rising food-borne zoonotic diseases are the key factors driving U.S. animal healthcare market. Further, high disposable income of pet owners, and advancements in animal healthcare are some of the other factors contributing to growth of the U.S. market.
The major driving forces behind the animal feed and feed additives market is the worldwide increase, in the consumption of meat. Other driving factors that fuel the growth of the animal feed and feed additives market is the increasing demand for low price meat, accompanied with high nutritional value. The industrialization of the livestock industry, increasing awareness about quality
The global pet food market is anticipated to witness a stable growth in the coming years due to major factors like transformation in lifestyle, rise in numbers of nuclear families, rising disposable income of people, increasing trend of pet humanization among many others.
Aquaculture involves cultivation of brackish water, marine water, and freshwater organisms such as carps, crustaceans, mollusks and salmon, under organized climatic conditions. It involves the farming of fish and other aquatic species.