China has one of the largest economic animal husbandry industries in the world. According to the Central Government’s 12th 5 year plan (2011-2015) national livestock development plan, by 2015, the proportion of China's animal husbandry output value will account for 36% of the total output value of agriculture, forestry, animal husbandry and fisheries as compared to 30% in 2010. With continued development of the livestock sector of the national economy, the veterinary medicine, feed additive and veterinary vaccine industry is expected to maintain a steady growth trajectory in line with government initiatives.
Since 2000, with the steady development of animal husbandry in China, China's veterinary medicine industry has entered into a fast-growing period. Since 2005, the annual production value of veterinary medicines grew at a compound annual growth rate of 15%. In recent years, the veterinary medicine industry has been strongly supported by Governmental initiatives to support standardization, consolidation and oversight of China’s food production and ancillary industries. The Government particularly encourages the development of green veterinary technologies. In September 2011, the Ministry of Agriculture issued its 12th 5-year feed industry development plan. According to the plan, China's feed production in 2015 is expected to reach 200 million tons; the quality pass rate of feed products will be more than 95%; and the quality and safety of feed products will be further improved. In January 2012, the Ministry of Agriculture and Ministry of Finance developed a national animal disease compulsory vaccination plan, which requires compulsory immunization for certain kinds of animal diseases. In the same month, the State Council issued the modern agriculture development plan (2011-2015). During the 12th 5-year’s period, the state will continue to increase animal compulsory vaccination subsidy level.