Global Animal Health Market Size Study, by Product (Biologics, Pharmaceuticals, Others), Animal Type, Distribution Channel, End Use, and Regional Forecasts 2022-2032

Description

The Global Animal Health Market was valued at approximately USD 135.53 billion in 2023 and is anticipated to grow at a robust compound annual growth rate (CAGR) of 9.0% over the forecast period from 2024 to 2032. This rapid expansion highlights the critical role animal health plays in ensuring food safety, enhancing livestock productivity, and meeting the increasing global demand for protein. Simultaneously, the adoption of companion animals has amplified the demand for innovative healthcare solutions.

The market is primarily driven by advancements in biologics and pharmaceuticals, enabling targeted treatment and disease prevention across diverse animal types. From vaccines addressing zoonotic diseases to antibiotics ensuring livestock productivity, these products are pivotal in enhancing animal well-being. The proliferation of distribution channels, particularly in emerging economies, ensures access to critical animal health products, while end users such as veterinary hospitals and clinics underscore the significance of professional intervention in maintaining animal health standards.

However, the industry faces challenges, including stringent regulatory frameworks and increasing public scrutiny regarding the use of antibiotics in livestock. Rising operational costs in the production and distribution of healthcare solutions also present hurdles. Nevertheless, the increasing shift towards sustainable farming practices and the integration of digital health technologies offer substantial opportunities for growth, particularly in monitoring and managing livestock health in real time.

Regionally, North America continues to dominate the Animal Health Market, supported by its advanced veterinary healthcare infrastructure, high pet ownership rates, and strong regulatory frameworks. Europe closely follows, leveraging government policies promoting sustainable livestock farming. Meanwhile, the Asia-Pacific region is poised to experience the fastest growth, driven by rising disposable incomes, expanding livestock populations, and increased awareness about animal welfare in countries such as China and India.

Major market players included in this report are:

Merck Animal Health
Zoetis Inc.
Elanco Animal Health Incorporated
Boehringer Ingelheim
Ceva Sante Animale
Virbac
IDEXX Laboratories, Inc.
Bayer Animal Health
Phibro Animal Health Corporation
Dechra Pharmaceuticals PLC
Vetoquinol S.A.
Neogen Corporation
SeQuent Scientific Ltd.
HIPRA
Evonik Industries AG

The detailed segments and sub-segment of the market are explained below:

By Product:

Biologics
Pharmaceuticals
Others

By Animal Type:

Livestock Animals
- Cattle
- Swine
- Poultry
- Others
Companion Animals
- Dogs
- Cats
- Horses
- Others

By Distribution Channel:

Veterinary Clinics
Pharmacies
Online Retailers
Others

By End Use:

Veterinary Hospitals & Clinics
Animal Farms
Research Institutes
Others

By Region:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts spanning a decade, from 2022 to 2032.
Comprehensive regional insights, including country-level analysis for major segments.
Detailed examination of the competitive landscape and strategic initiatives by key players.
Actionable recommendations for stakeholders to capitalize on emerging trends and opportunities.

Chapter 1. Global Animal Health Market Executive Summary 1.1. Global Animal Health Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Animal Type
- 1.3.3. By Distribution Channel
- 1.3.4. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Animal Health Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Animal Health Market Dynamics 3.1. Market Drivers

3.1.1. Advancements in Biologics and Pharmaceuticals
3.1.2. Increasing Adoption of Companion Animals
3.1.3. Growth in Livestock Productivity and Food Safety Demand

3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. Public Scrutiny Over Antibiotic Use in Livestock
3.3. Market Opportunities
- 3.3.1. Sustainable Farming Practices
- 3.3.2. Integration of Digital Health Technologies
- 3.3.3. Expansion in Emerging Economies

Chapter 4. Global Animal Health Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Animal Health Market Size & Forecasts by Product 2022-2032 5.1. Segment Dashboard

5.2. Global Animal Health Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Biologics
- 5.2.2. Pharmaceuticals
- 5.2.3. Others

Chapter 6. Global Animal Health Market Size & Forecasts by Animal Type 2022-2032 6.1. Segment Dashboard

6.2. Global Animal Health Market: Animal Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Livestock Animals
  - 6.2.1.1. Cattle
  - 6.2.1.2. Swine
  - 6.2.1.3. Poultry
  - 6.2.1.4. Others
- 6.2.2. Companion Animals
  - 6.2.2.1. Dogs
  - 6.2.2.2. Cats
  - 6.2.2.3. Horses
  - 6.2.2.4. Others

Chapter 7. Global Animal Health Market Size & Forecasts by Distribution Channel 2022-2032 7.1. Segment Dashboard

7.2. Global Animal Health Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Veterinary Clinics
- 7.2.2. Pharmacies
- 7.2.3. Online Retailers
- 7.2.4. Others

Chapter 8. Global Animal Health Market Size & Forecasts by End Use 2022-2032 8.1. Segment Dashboard

8.2. Global Animal Health Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Veterinary Hospitals & Clinics
- 8.2.2. Animal Farms
- 8.2.3. Research Institutes
- 8.2.4. Others

Chapter 9. Global Animal Health Market Size & Forecasts by Region 2022-2032 9.1. North America Animal Health Market

9.1.1. U.S. Animal Health Market
- 9.1.1.1. Biologics Breakdown Size & Forecasts, 2022-2032
- 9.1.1.2. Pharmaceuticals Breakdown Size & Forecasts, 2022-2032
- 9.1.1.3. Others Breakdown Size & Forecasts, 2022-2032
- 9.1.1.4. Veterinary Hospitals & Clinics Breakdown Size & Forecasts, 2022-2032
9.1.2. Canada Animal Health Market

9.2. Europe Animal Health Market
- 9.2.1. UK Animal Health Market
- 9.2.2. Germany Animal Health Market
- 9.2.3. France Animal Health Market
- 9.2.4. Spain Animal Health Market
- 9.2.5. Italy Animal Health Market
- 9.2.6. Rest of Europe Animal Health Market
9.3. Asia-Pacific Animal Health Market
- 9.3.1. China Animal Health Market
- 9.3.2. India Animal Health Market
- 9.3.3. Japan Animal Health Market
- 9.3.4. Australia Animal Health Market
- 9.3.5. South Korea Animal Health Market
- 9.3.6. Rest of Asia Pacific Animal Health Market
9.4. Latin America Animal Health Market
- 9.4.1. Brazil Animal Health Market
- 9.4.2. Mexico Animal Health Market
- 9.4.3. Rest of Latin America Animal Health Market
9.5. Middle East & Africa Animal Health Market
- 9.5.1. Saudi Arabia Animal Health Market
- 9.5.2. South Africa Animal Health Market
- 9.5.3. Rest of Middle East & Africa Animal Health Market

Chapter 10. Competitive Intelligence 10.1. Key Company SWOT Analysis

10.1.1. Merck Animal Health
10.1.2. Zoetis Inc.
10.1.3. Elanco Animal Health Incorporated

10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Merck Animal Health
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Zoetis Inc.
- 10.3.3. Elanco Animal Health Incorporated
- 10.3.4. Boehringer Ingelheim
- 10.3.5. Ceva Sante Animale
- 10.3.6. Virbac
- 10.3.7. IDEXX Laboratories, Inc.
- 10.3.8. Bayer Animal Health
- 10.3.9. Phibro Animal Health Corporation
- 10.3.10. Dechra Pharmaceuticals PLC
- 10.3.11. Vetoquinol S.A.
- 10.3.12. Neogen Corporation
- 10.3.13. SeQuent Scientific Ltd.
- 10.3.14. HIPRA
- 10.3.15. Evonik Industries AG

Chapter 11. Research Process 11.1. Research Process

11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing

11.2. Research Attributes