The global animal health market size is expected to reach USD 112.33 billion by 2030, registering a CAGR of 10.46% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven by increased investments in animal health, product approvals, diagnostic rates, initiatives by key companies, and increased animal health expenditure. The market has also remained largely resilient during the COVID-19 pandemic. In November 2023, MSD Animal Health received European Commission approval for BOVILIS CRYPTIUM- a vaccine to protect cattle against Cryptosporidium parvum (C. parvum) infection. This enabled the company to commercialize the product across all European Union countries.
Animal Health Market Report Highlights
- Based on products, the pharmaceutical segment dominated the market with a share of about 43.42% in 2024. It is estimated to retain its dominant position throughout the forecast period due to consistent advancements in veterinary drugs.
- In 2024, the production animal segment dominated the market and accounted for the largest revenue share. The substantial segment share results from increased concern for food safety and sustainability among end users as well as market stakeholders such as government healthcare organizations.
- The hospital/clinic pharmacy segment accounted for the largest revenue share in 2024 in terms of distribution channels. The increasing number of hospital pharmacies and high procedural volume have supported segment growth.
- By end-use, the veterinary hospitals and clinics segment accounted for the largest revenue share of the market in 2024. This is due to a large number of hospitals and clinics across the globe and highest footfall of patients at these care centers.
- North America animal health market held the highest share of about 35.69% in 2024. The dominant share can be attributed to the high prevalence of livestock and zoonotic diseases leading to large-scale animal deaths.
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The threat of zoonotic infections spreading through ticks, and fleas or through contact with animals is high. The WHO is involved in various cross-sectoral activities for the purpose of addressing health threats at the human-animal-ecosystem interface. Food-borne zoonoses, antimicrobial resistance, and emerging zoonoses are some of the threats in the animal health market. Also, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean region. The implementation of a wide range of technologies for the detection and monitoring of various animal diseases is one of the major growth contributing factors.
Key market participants employ various strategies, such as expanding their product portfolio, to gain a competitive advantage. For instance, in January 2021, Zoetis launched the Poulvac Procerta HVT-IBD vaccine for poultry to protect against Infectious Bursal Disease (IBD). This added to Zoetis’ product portfolio of recombinant vector vaccines. The market especially for the companion animal segment was positively impacted during late 2020 and 2021, due to increased pet adoption rates, pet humanization trends, and improved overall diagnostics business sales with increased awareness among pet parents. During 2022 and 2023 however, macroeconomic uncertainties, such as global recession and inflation, notably impacted market revenues for a short period.
List of Key Players in the Animal Health Market
- Zoetis
- Ceva Santé Animale
- Merck & Co., Inc.
- Vetoquinol S.A.
- Boehringer Ingelheim Gmbh
- Elanco
- Virbac
- Mars Inc.
- Dechra Pharmaceuticals Plc
- Idexx Laboratories, Inc.
We have segmented the global animal health market on the basis of on product, animal type, distribution channel, end-use and region.
Animal Health Type Outlook (Revenue, USD Million, 2018 – 2030)
- Production Animals
- Companion Animals
Animal Health Product Outlook (Revenue, USD Million, 2018 – 2030)
- Biologics
- Pharmaceuticals
- Medicinal Feed Additives
- Diagnostics
- Equipment & Disposables
- Others
Animal Health Distribution Channel Outlook (Revenue, USD Million, 2018 – 2030)
- Retail
- E-Commerce
- Hospital/ Clinic Pharmacy
Animal Health End-use Outlook (Revenue, USD Million, 2018 – 2030)
- Veterinary Reference Laboratories
- Point-of-care Testing/In-house Testing
- Veterinary Hospitals & Clinics
- Others
Animal Health Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Grand View Research, Inc.
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Factors such as the rapid rise in livestock population, increasing awareness about animal health, growing demand for animal-derived food products, and rising frequency of animal disease outbreaks are the major factors driving the growth of the Asia-Pacific Animal Health market.What the Market Looks Like?Predicted to grow at a CAGR of 5.7% during the forecast period, the global animal health market is estimated to reach USD 20.25 billion by the end of 2021.
Geographically, the Asia-Pacific Animal Health market is segmented into China, Japan, India, and the Rest of APAC.
In 2015, China commanded a major share of the market and is expected to witness the highest growth rate during the forecast period.
Based on product, the market is segmented into growth promoters, feed additives, vaccines, parasiticides, antimicrobials and antibiotics, and other pharmaceuticals.
Growth promoters accounted for the largest share of the market in 2015 owing to its wide utilization by livestock producers and pet owners.Based on the type of animal, the market is segmented into food-producing animals and companion animals.
The food-producing animals segment accounted for the largest share of the market, while companion animals are expected to register the highest growth during the forecast period.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106215485What Drives the Market?The growth of the global market for animal health is primarily influenced by the following factors:Rising Demand for Animal-Derived Food ProductsIncreasing Livestock Population and Growing Awareness About Animal HealthGrowing Frequency of Animal Disease OutbreaksHowever, restrictions on the use of parasiticides in food-producing animals, rising storage cost of animal vaccines, and the shift towards vegetarian diets are restraining the growth of this market to a certain extent.Geographical Region of Animal Health MarketGeographically, the Asia-Pacific Animal Health market is segmented into China, Japan, India, and the Rest of APAC.
The Asia-Pacific Animal Health Market is projected to reach a value of USD 22.1 billion by 2025 from USD 15.6 billion in 2020, at a CAGR of 7.2% during the forecast period.Factors such as the rapid rise in livestock population, increasing awareness about animal health, and rising frequency of animal disease outbreaks are expected to drive the growth of the APAC animal health market.However, restrictions on the use of parasiticides in food-producing animals, shift toward vegetarian diets, and the rising cost of storage of animal vaccines are expected to restrain the growth of this market.To know about the assumptions considered for the study, Request for Free Sample ReportAPAC animal health Market Dynamics Drivers: Rising demand of animal-derived food products According to FAO, South Asia is one of the major regions for dairy production and accounted for 20–25% of the global milk production in 2019.
In this region, India was the largest producer and consumer of milk, followed by China and Pakistan.
In 2020, the consumption of meat in India was found to be over 3.9 million metric tons; by 2030, this is expected to increase to 145.7 million metric tons.Restraints: Shift towards vegetarian diet There is a significant rise in the prevalence of obesity and other chronic disorders.
The prevalence of obesity has increased more than twofold since 1980.
According to a journal published by Development Asia in 2018, two of five adults in the Asia Pacific region are found to be overweight or obese, and it is considered to be home to the largest absolute number of obese people, about 1 billion.To know about the assumptions considered for the study, download the PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106215485Opportunities: Lucrative growth opportunities in India an China Over the last few years, companion animal ownership has experienced steady growth, especially in emerging markets such as China and India.
Rapid urbanization and growing disposable incomes are some of the key factors driving pet ownership in these countries.
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