
India's Animal Health Care Market Projected to Reach USD 2.07 Billion by 2030
Surge in pet ownership and advancements in veterinary services propel market growth.
Market Overview
India's Animal Health Care Market Growth, encompassing both companion animals and livestock, was valued at USD 1.3 billion in 2023. Projections indicate a growth to USD 2.07 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.9%.
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Market Dynamics
Several factors contribute to this anticipated growth:
Market Segmentation
The market is segmented by animal type and therapeutic type:
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Key Market Players
Prominent companies in the Indian animal health care market include:
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Conclusion
The Indian animal health care market is on a robust growth trajectory, driven by increased pet ownership, heightened awareness of animal welfare, and supportive government initiatives. As the market evolves, opportunities abound for companies to innovate and expand their offerings to meet the diverse needs of India's animal population.
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