Cattle Health Market to grow with a CAGR of 8.22% During Forecast Period
Increasing healthcare infrastructure is the major driver for the Global Cattle Health Market.
According to TechSci Research report, “Global Cattle Health Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2020-2030F”, Global Cattle Health Market was valued at USD 9.98 billion in 2024 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 8.22% through 2030. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Consumer demand for safe and sustainable products is a significant driver of the global cattle health market. As consumers become more conscious of the food they consume and the environmental impact of agriculture, they seek assurances of product safety, quality, and sustainability. Consumers prioritize food safety, including the safety of beef and dairy products. Ensuring the health of cattle through proper disease management, vaccination, and hygiene practices is essential to produce safe and pathogen-free meat and dairy products. Consumer expectations for high-quality beef and dairy products drive the need for cattle health management. Healthy cattle are more likely to produce meat and milk of superior quality, meeting consumer preferences for taste and nutritional value. Sustainability is a growing concern for consumers. Sustainable cattle health management practices, including responsible antibiotic use, reduced environmental impact, and efficient resource utilization, resonate with consumers seeking environmentally friendly products. Consumers may prefer products from cattle that have been raised with reduced or no use of chemical additives, such as antibiotics or growth promoters. This trend encourages alternative health management strategies.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on "Global Cattle Health Market.”
Global Cattle Health Market segmentation is based on Therapeutics, Diagnostics, and Region.
Based on Therapeutics, Medical feed additives is expected to grow fastest in the forecast period. Medical feed additives in cattle health are substances added to animal feed to promote and maintain the health and well-being of cattle. These additives can serve various purposes, including disease prevention, growth promotion, and improved overall cattle health. Antibiotics are used in cattle feed to treat and prevent bacterial infections. They can be essential in controlling diseases, such as respiratory infections, mastitis in dairy cows, and foot rot. However, the use of antibiotics in livestock feed is heavily regulated due to concerns about antibiotic resistance in humans and animals. Some feed additives are used to enhance cattle growth and feed efficiency. These may include growth-promoting hormones (e.g., synthetic growth hormones) and feed additives that improve nutrient utilization.
Asia-pacific region to fastest growth in the Global Cattle Health Market. The Asia-Pacific region has witnessed a significant rise in meat and dairy consumption due to population growth, urbanization, and rising incomes. This increased demand for cattle products has led to a greater focus on cattle health management to ensure the production of safe and high-quality meat and dairy. Many countries in the Asia-Pacific region have been investing in the expansion and modernization of their cattle farming operations. This includes both beef and dairy production. As cattle herds grow, there is a greater need for effective health management practices to maintain herd health and productivity. The growth of the middle class in the Asia-Pacific region has led to changing dietary preferences, with an increasing demand for animal protein. As a result, there is a greater emphasis on optimizing cattle health and productivity to meet this demand.
Some of the major
companies operating in the Global Cattle Health Market include:
- Qiagen LLC
- Boehringer Ingelheim
- Thermo Fisher Scientific
- Elanco Animal Health
- Idexx Laboratories
- ID Vet
- Kyoritsuseiyaku Corporation
- Merck & Co Inc.
- Norbrook laboratories
- Zoetis Inc.
Download Free Sample Report
Customers can also request 10% free customization on this report.
“Certain areas, particularly in North America, are projected to exert significant demand for cattle health. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Cattle Health Market in the forecast period," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.
"Cattle Health Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Therapeutics (Vaccine, Parasiticide, Anti-infective, Medical Feed Additive, and Other Therapeutics) and By Diagnostics (Immunodiagnostic Test, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, and Other Diagnostics), By Region and Competition, 2020-2030F evaluated the future growth potential of Global Cattle Health Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cattle Health Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com