Animal Health Industry : An Essential Part Of Owning Companion Animals Or Husbandry

1040 WordsNov 2, 20145 Pages
Animal health industry is relatively unaffected by recession as health care is seen as an essential part of owning companion animals or husbandry. According to the Freedonia Group (2013), “the demand for animal health products in the U.S. is forecast to increase 3.5% annually to $12.7 billion in 2016” (Table 1). Especially, there is an elevated interest in products that have more of a natural profile to substitute controversial chemicals and additives such as antibiotics.Two main causes can be attributed to the recent increased demands in natural or nature derived products in the animal health care sector. First, more and more customers are looking to purchase products that are natural but work just as well for that particular indication and animal health corporations want to meet the demands of their consumers by providing them with effective natural products. Second, most chemical compounds of importance have been already determined and combined to manufacture a product. Also, generic components are being produced as the chemical entities fall outside of intellectual property protection. Company Background Acidophil is an intellectual property discovery and commercialization organization that has recognized core competencies in natural or nature derived products for use in agriculture. Acidophil, LLC based in Lutherville, MD was co-founded by Sydney Brenner MD PhD and Philip Goelet PhD in 1998. Named after its founders, Acidophil primarily functions as a serial

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