Laboratory Animal Diet Market Size, Growth, Industry Trends, Global Demand, and Forecast 2022-2028
The global laboratory animal diet market was valued from US$ 3,797.50 million in 2021; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
The global laboratory animal diet market size is expected to reach US$ 5,469.24 million by 2028, registering a CAGR of 5.3% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Standard Diet Segment to Dominate Laboratory Animal Diet Market from 2022 to 2028
The market growth is primarily attributed to the growing consumption of personalized medicines and the rising usage of animal models in virology. However, the high cost of laboratory animal diet hinders the growth of the market.
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Based on diet type, the laboratory animal diet market is segmented into standard diet, irradiated diet, and autoclavable diet. The standard diet segment held the largest share of the market in 2021. The standard diet is formulated to meet broad objectives at all life stages involved in feeding laboratory animals i.e., the nutrients that are in general needed for lab animals are already present in the standard diet. For example, the LabDiet canine diet meets the nutritional requirements of all canine species utilized in a laboratory and supports all life stages, including growth, maintenance, gestation, and lactation.
The traditional use of animal models in drug discovery establishes and demonstrates nonclinical proof of concept for specific drug molecules' safety, efficacy, and target of interest. Animal models can facilitate the development of personalized medicine approaches. Personalized medicine approaches need to be developed and preclinically tested in relevant cell and mouse models that ideally contain the human target sequences. The animal models used for personalized medicine research and drug discovery & development are provided with specific diet so that the animal model will react according to the human environment. Therefore, with the rising demand for personalized medicines, the laboratory animal diet market is growing substantially.
Envigo; Altromin Spezialfutter GmbH & Co. KG; LabDiet; SAFE; Dyets, Inc.; Special Diet Services; Specialty Feeds; Research Diet Inc.; Bio-Serv; and Krishna Valley Agrotech LLP. are among the key companies operating in the laboratory animal diet market.
The report segments the laboratory animal diet market as follows:
The laboratory animal diet market is segmented on the basis of diet type, animal, application, end user, and geography. Based on diet type, the market is segmented into standard diet, irradiated diet, and autoclavable diet. Based on animal, the laboratory animal diet market is segmented into mouse, cat, dog, rabbit, chicken and others. Based on application, the market is segmented into drug discovery & personalized medicine, regenerative medicine, pathology of infectious diseases, drug toxicity & efficacy testing, and others. Based on end user, the laboratory animal diet market is segmented into pharmaceutical & biopharmaceutical companies, research & academic institutes, and others.
Based on geography, the laboratory animal diet market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Our report on Laboratory Animal Diet Market cover following key parameters:
Comprehensive market analysis at global, regional and country level
Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America
Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term
Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period)
In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions
Key company profiles and industry landscape to provide latest market initiatives and competitive landscape
Impact of COVID`19 pandemic on ecosystem and the market
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