Indonesia Animal Health Market is Expected to Reach USD 327 Million in 2019 – Ken Research

Bengaluru, April 08, 2016: The animal health industry in Indonesia is highly regulated. This concern stems not only from the public health, food safety and food security aspects but also from huge economic costs that those animal disease outbreaks. The Indonesian government has taken keen interest in the growth and development of farm animal health care. In 2013, the government had introduced strict norms in animal health act, which has stringent the guidelines of controlling various livestock diseases and demanded extra care from livestock owners. Over the past decades, the emerging and re-emerging diseases due to increasing freedom of trade in animals and animal products such as opening up of trade with Japan has heightened the need to strengthen disease control system.

The Indonesia’s animal health market can be broadly categorized into the various types of products offered namely feed additives, pharmaceuticals and vaccines. The market has been dominated by feed additives over the past few years due to the increased animal population in the country and the rising demand for better quality of livestock products such as meat, beef and others by the consumers. The second highest share was captured by pharmaceuticals segment. The pharmaceutical products include animal antibiotics, anti-microbial, parasiticides and others. Additionally, animal vaccines represented the fastest growing segment of this industry. The increased ownership of pets such as dogs, cats, birds and horses has led to this industry escalating at such a rapid pace.

According to the Research Analyst, Ken Research Indonesia animal feed additives market has grown tremendously over the years, owing to the rising expenditure on farm animals in the country and a consequent rising dependence on the livestock output for ensuring food security in the country. The market is already been subjugated by number of players, which offer extensive range of products including injectables, vitamins, minerals and enzymes. The market of animal feed additives in Indonesia is fragmented and is majorly dominated by the domestic players. Cargill Inc, ADM Alliance Nutrition are amongst few international players holding a significant share in the market.

The largest contributor to the Indonesia feed additives market has been vitamins. Vitamins are feed supplement for domestic animals such as cattle, poultry, beef and sheep. Vitamins such as vitamin A, B12, D and E, each playing a significant role of its own. Vitamin A helps in bone formation and night vision. Vitamin B 12 has a significant role in ruminant animals with cobalt as a precursor. Similarly, vitamin E acts as an antioxidant for unsaturated fatty acids, metabolism and maintaining cell membranes. The third largest segment of the Indonesia animal feed additive market has been amino acids and anti-oxidants others comprised of products such as minerals, binders and probiotics and others with 3.5% contribution in the feed additives market of Indonesia.

Animal pharmaceuticals cover an extensive range of products, including anti-parasitic drugs, anti-inflammatory medications, anesthetics, pain medications, antibiotics and specialized products used to manage reproductive, cardiovascular or metabolic conditions. The animal pharmaceuticals segment of Indonesia was the second largest contributor to the animal market revenue. The revenue contribution from pharmaceuticals segment to the overall market revenues was influenced by an increased awareness about the benefits of these medicines amongst the owners of livestock and pets. According to the Research Analyst, Ken Research

Corporate Comm India (CCI Newswire)