Market Analysis, Geoinfor Geostat An Overview Vol: 7 Issue: 6
Market Analysis Report for Veterinary & Animal Science 20
Assistant Professor, Nanaji Deshmukh Veterinary University E-mail: [email protected]
The global veterinary services market size was valued at USD 91.78 billion in 2017. It is anticipated to witness a CAGR of 5.6% during the forecast period. Rising prevalence of zoonotic and food-borne diseases is one of the key trends stimulating market growth. Veterinary services play an important role in protecting animal health and welfare and ensuring safety of animals during transportation.
In addition, it also aids safeguarding public health and ensuring food safety across the globe. According to the article published by the Organization for Animal Health (OIE), demand for animal source foods is growing globally. This includes demand for meat, which is expected to reach 445 million tonnes by 2050.
Furthermore, sharp rise in pet population globally in recent times has also led to greater demand for veterinary services. Veterinarians and veterinary service providers are undertaking consistent efforts to ensure animal welfare, thus encouraging pet owners to incline towards these services.
Based on the segment, the market has been segregated as sheep and goat meat, buffalo meat, hides and skins, pig meat, wool and hair, broiler meat, eggs, aquaculture, insects and others.
The market has also been segregated on the basis of various regions.
The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
This report provides a deep insight into the Indian animal husbandry market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian animals.
The per capita consumption of meat in India is fairly low compared to the developed markets suggesting that a significant share of the market still remains unpenetrated. We expect a continuous growth in disposable incomes coupled with changing food habits to increase the consumption of meat in the coming years.
Although the share of processed meat in the entire meat industry is currently fairly small, it represents a sector that is expected to grow very fast in the coming years. As a result of increasing concerns related to the hygiene of the fresh meat available in the retail markets, consumers are expected to shift towards processed and value-added meat products such as sausages, ham, bacon, luncheon meat, kababs, meatballs, etc.
Growth in the food services market such as restaurant and fast food joints are also creating a positive impact on the consumption of meat in the country. The share of restaurants and fast food joints serving non-vegetarian food is expected to increase in the coming years.
The leather industry in India represents a very large market and amongst the world’s fastest leather markets. We expect the strong growth in the leather market to create a positive impact on the consumption of hides and skin which are used as raw materials in the production of leather.
The woolen fabric industry in India is currently experiencing growth both in terms of domestic consumption as well as exports. We expect this to create a positive impact on the consumption of wool in the country.
Business value of Animal Science conference:
Animal Science are well qualified for careers outside Animal science. Animal Sciences graduates have notably sensible problem-solving skills and a large vary of transferable skills. These qualities are valued by most employers. Earth Scientists are thus extremely competitive within the job market, even wherever specific earth science skills aren't needed.
Salaries for Animal Science vary wide between professions. The salaries for United Kingdom of Great Britain and Northern Ireland jobs publicized for ‘Zoologists’ average £45,000. The crude oil and mining industries pay higher-than-average salaries, with US pay being the benchmark: beginning salaries of £60,000 and pay when ten years of £90,000. Salaries within the finance sector are even beyond within the crude oil sector.
This study, ready at the request of the workplace of natural science at the U.S. National physical science and area Administration (NASA), describes a general framework for conceptualizing the worth information of knowledge and illustrates however the framework may be accustomed value information from natural science data. The framework serves 2 functions. One purpose is provision of a standard basis by that to conduct and measure studies of the worth of natural science information that serves a spread of uses, from up environmental quality to protective public health and safety. The second purpose is to raised inform call manufacturers regarding the worth of information and knowledge.
“Animal Science” is additionally so as for readers who is also unacquainted with NASA’s add this space. The discipline involves the world and earth’s processes—air, water, land, habitat, and their interaction. Independent agency collects natural science knowledge from area and, to a lesser however necessary extent, from aircraft. Sometimes the information are most helpful once combined with some quantity of “ground truth” data, or knowledge collected in place. Animal science has been a part of Zoologists activities since the Nineteen Sixties. Independent agency has pioneered the planning, development, and testing of the sensors, spacecraft, alternative hardware, and package to gather Animal Science knowledge and has additionally contributed to the study and application of those knowledge to enhance our understanding of the world and our management of its resources.
Funding On Animal Science:
Fundamental knowledge of biological and physiological processes that can be manipulated to improve production of meat and milk.
Advancements in the rate at which scientific findings
can be converted into new technologies for use in
Integration of applied and basic research findings
into farming/ranching systems to improve productivity
Increased efficiency of low energy use and alternative feedstuffs in pasture, stocker and feedlot operations will reduce production costs and increase efficiency by 20% in 2030. Developing and assisting in adoption of the application of marker assisted genetic approaches will enhance efficiency and reduce the cost of beef and dairy cattle production by 20% in 2030. Using nutrition, genetics, biologically active products and natural selection, reproductive rates in food animal species will be increased from 70% to 85% by 2040, and milk production will be increased by 25% during that same period.
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