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The animal healthcare market size is estimated to grow by USD 10.34 billion at a CAGR of 4.48% between 2023 and 2028. The market is experiencing strong growth, driven by rising pet ownership, increasing awareness of animal welfare, and growing pet humanization. Demand for advanced veterinary care, including diagnostics and preventive measures, is on the rise, particularly in regions where pet insurance and expenditure are significant. Emerging economies are also showing robust growth, propelled by heightened investments in livestock and companion animal healthcare. Key trends include the expansion of telemedicine services, the adoption of preventive care, and a focus on sustainable practices across production and companion animal care. There has been an increasing role of organic tracing elements in improving livestock production. In addition, trace minerals are inorganic and organic minerals that are crucial for the normal functioning of living organisms. Moreover, inorganic trace minerals are common oxides, sulfates, carbonates, and chloride of minerals. In addition, organic trace minerals are formed by combining inorganic trace minerals with organic molecules called chelated. Furthermore, organic trace minerals in animal feed are designed to improve the bioavailability and enhance gut absorption of these minerals in animals. Hence, such factors are positively impacting the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Animal Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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