Regional Analysis

Increasing pet adoption and growing pet humanization trend driving growth of animal depression medication market in Asia Pacific and Latin America

North America is a major region for animal depression medication market. As per 2015 Pet Secure estimates, the U.S. accounted for the highest dog population of 69,929,000. Animal depression medication market in Asia is growing on account of increasing awareness among the populace regarding animal illness, increasing number of pets, and improving veterinary medical facilities. According to the Pet Asia Fair in 2016, pet adoption in Asia Pacific and Latin America regions is increasing rapidly resulting in increase in demand for nutritional and medicinal products in order to address their growing health concerns.

Geographies Covered: Asia Pacific, North America, Latin America