U.S. Animal Health Products Market to Reach $12 Billion

Demand for animal health products in the U.S. is forecast to increase 3.5% annually to $12.7 billion in 2016, according to a new study from the Cleveland, OH-based The Freedonia Group, Inc., titled “Animal Health Products.”

The large nutritional chemical segment will account for more than one-quarter of the growth seen during the forecast period, as these products, which include amino acids, vitamins, minerals, enzymes and other products, remain vital as feed additives and dietary supplements. Consumer interest in natural products will continue to favorably impact the nutritional chemical segment as products such as acidifiers, amino acids, carotenoids, enzymes, herbs, probiotics and other ingredients with a more “natural” profile are used to replace controversial additives.