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Global Animal Health Market Size, Share, Growth, Industry: By Animal Type: Commercial Animals, Companion Animals; By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Others; By End Use: Veterinary Hospitals and Clinics, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Animal Health Market Outlook
The global animal health market size attained a value of approximately USD 59.24 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.4%, reaching a value of around USD 103.56 billion by 2032.
Global Animal Health Market Share by Region
At a regional level, the North America animal healthcare market occupies a sizable share of the global market for animal health. This can be attributed to the high rates of pet ownership, widespread veterinary network, extensive demand for animal-based products, and rising awareness among pet and commercial animal owners regarding animal welfare. Governments in the region and animal welfare organisations also strive to enhance animal health in the region. The US animal health market size is expanding, supported by increasing demand for commercial animals, rising prevalence of zoonotic diseases, and growing spending of pet owners towards companion animals.
Meanwhile, the Asia Pacific animal healthcare market is anticipated to experience rapid growth in the coming years, fuelled by increasing initiatives for animal welfare, rising pet ownership, and investments towards veterinary infrastructure. Major players are broadening their presence in the Asia Pacific to tap into the growing market for animal health industry.
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Rising Pet Ownership and Greater Demand for Animal Welfare to Augment the Market
The global market for animal health is expected to be driven by increasing pet ownership and demand for animal healthcare commodities, especially nutrition, vaccines, and medicines. The global companion animal healthcare market size is projected to grow owing to the increasingly strengthening owner and companion animal bond which escalates the demand for companion animal care products. Companion animals, such as cats, dogs, and horses form an important part of life for several people, offering companionship, feeling of responsibility, and affection. Animal-assisted therapy has been recognised and widely accepted due to its benefits.
The human and companion animal bond is increasing, strengthening the market for related products such as animal food and medicine. The animal health market is also likely to be driven by increasing pet ownership in developing nations, rising spending on pets, and increasing demand for novel premium treatments and medicines. Key therapeutic sectors for companion animals such as dogs and cats include endocrinology, dermatology, analgesia and anaesthesia, antibiotics, cardiovascular, and critical care. One of the primary objectives of animal health market research is to identify growth opportunities within the sector.
Drivers of the commercial animals segment in the market for animal health include rise in demand for high quality animal protein and dairy products. The growing focus on commercial animal welfare, increasing demand for more healthy and productive animals, and greater vaccine use, are further catalysing animal health market growth. Key therapeutic sectors for commercial animals such as swine, poultry, and cattle include water soluble antibiotics, vaccines, and locomotion (lameness) and pain management.
Global Animal Health Market Analysis
One of the primary factors favourably affecting the global animal health market is the rising prevalence of zoonotic diseases, such as animal flu, tick infestation, and Lyme disease. The demand for adequate animal health is being driven by the growing trend of people getting companion animals as pets, which is leading to the rise of animal-borne illnesses.
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Development of efficient vaccines to protect a greater number of animals against illnesses and decrease the risk of spread of zoonotic diseases from animals to humans is a key focus area in the market for animal health. Further scope for market expansion include alternatives to antibiotics to minimise antimicrobial resistance and damage to the environment and development of digital technologies for early recognition of diseases. Discovering efficient methods of parasite control to improve animal health and reduce damage on the environment from parasiticide usage is another priority in the market.
Global Animal Health Market Segmentation
Animal health refers to the products and processes involved in maintaining the health and well-being of animals, including commercial animals raised for meat and companion animals in the form of pets. Through animal health, owners can improve and maintain the health of their animals, using proper nutrition, feed additives, vaccines, diagnostics, and pharmaceuticals.
By animal type, the market is segmented into:
- Commercial Animals
- Breakup by Type
- Poultry
- Swine
- Cattle
- Sheep and Goat
- Others
- Breakup by Type
- Companion Animals
- Breakup by Type
- Dogs
- Cats
- Others
- Breakup by Type
By product type, the market is divided into:
- Vaccines
- Pharmaceuticals
- Feed Additives
- Diagnostics
- Others
By end use, the market is classified into:
- Veterinary Hospitals and Clinics
- Animal Care and Rehabilitation Centres
- Diagnostics Centres
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Players in the Global Animal Health Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Elanco Animal Health Incorporated
- Merck Animal Health
- Zoetis Inc.
- Biogenesis Bago
- Boehringer Ingelheim International GmbH
- Ceva Sante Animale
- Heska Corporation
- IDEXX Laboratories, Inc.
- Virbac S.A.
- Vetoquinol SA
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Animal Type |
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Animal Health Market Analysis
8.1 Key Industry Highlights
8.2 Global Animal Health Historical Market (2018-2023)
8.3 Global Animal Health Market Forecast (2024-2032)
8.4 Global Animal Health Market by Animal Type
8.4.1 Commercial Animals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Poultry
8.4.1.3.2 Swine
8.4.1.3.3 Cattle
8.4.1.3.4 Sheep and Goat
8.4.1.3.5 Others
8.4.2 Companion Animals
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Dogs
8.4.2.3.2 Cats
8.4.2.3.3 Others
8.5 Global Animal Health Market by Product Type
8.5.1 Vaccines
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Feed Additives
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Diagnostics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Animal Health Market by End Use
8.6.1 Veterinary Hospitals and Clinics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Animal Care and Rehabilitation Centres
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Diagnostics Centres
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Animal Health Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Animal Health Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Animal Health Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Animal Health Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Animal Health Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Animal Health Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Elanco Animal Health Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Merck Animal Health
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Zoetis Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Biogenesis Bago
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Boehringer Ingelheim International GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ceva Sante Animale
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Heska Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 IDEXX Laboratories, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Virbac S.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Vetoquinol SA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Animal Health Market: Key Industry Highlights, 2018 and 2032
2. Global Animal Health Historical Market: Breakup by Animal Type (USD Million), 2018-2023
3. Global Animal Health Market Forecast: Breakup by Animal Type (USD Million), 2024-2032
4. Global Animal Health Historical Market: Breakup by Product Type (USD Million), 2018-2023
5. Global Animal Health Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6. Global Animal Health Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Animal Health Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Animal Health Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Animal Health Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Animal Health Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Animal Health Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Animal Health Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Animal Health Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Animal Health Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Animal Health Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Animal Health Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Animal Health Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Animal Health Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Animal Health Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Animal Health Market Structure
Key Questions Answered in the Report
In 2023, the global market for animal health attained a value of approximately USD 59.24 billion.
The market is estimated to grow at a CAGR of 6.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 103.56 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing pet ownership, rising animal healthcare expenditure, and increasing disposable incomes of pet owners.
The key animal health market trends include technological advancements, expansion of veterinary networks, and rising investments in the research and development activities.
The significant animal types in the market for animal health are commercial animals and companion animals. Among these, commercial animals are further divided based on type into poultry, swine, cattle, and sheep and goat, among others. Meanwhile, companion animals are further divided based on type into dogs, and cats, among others.
The different product types of animal health in the market are vaccines, pharmaceuticals, feed additives, and diagnostics, among others.
The various end uses in the market for animal health include veterinary hospitals and clinics, animal care and rehabilitation centres, and diagnostics centres, among others.
The major players in the market, according to the report, are Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim International GmbH, Ceva Sante Animale, Heska Corporation, IDEXX Laboratories, Inc., Virbac S.A., and Vetoquinol SA, among others.
Analyst Review
The global animal health market attained a value of approximately USD 59.24 billion in 2023, driven by the growing adoption of pets, rising disposable incomes, increasing spending on animal health, and rising animal welfare awareness. Aided by technological advancements and growing research and development activities in animal healthcare, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.4%. The market is projected to reach a value of around USD 103.56 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on animal type, the market is divided into commercial animals and companion animals. Among these, commercial animals are further divided based on type into poultry, swine, cattle, and sheep and goat, among others. Meanwhile, companion animals are further divided based on type into dogs, and cats, among others. On the basis of product type, the market is divided into vaccines, pharmaceuticals, feed additives, and diagnostics, among others. The significant end uses in the market are veterinary hospitals and clinics, animal care and rehabilitation centres, and diagnostics centres, among others.
The major regional markets for animal health are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Biogenesis Bago, Boehringer Ingelheim International GmbH, Ceva Sante Animale, Heska Corporation, IDEXX Laboratories, Inc., Virbac S.A., and Vetoquinol SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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