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India Veterinary Drugs Market: By Product: Biologics, Pharmaceuticals, Medicinal Feed Additives; By Animal Type: Companion, Livestock; By Route of Administration; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Veterinary Drugs Market Outlook

The India veterinary drugs market is expected to grow at a CAGR of 7.90% in the forecast period of 2022-2027.

 

India Veterinary Drugs Market

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Companion Segment to Account for a Significant Market Share of the India Veterinary Drugs Industry

Based on animal type, the companion segment is predicted to hold a significant market share in the India veterinary drugs industry. This growth can be attributed to the increased adoption of pets such as dogs, cats, birds, and fish as a house companion among people. Further, the adoption of pets increased in 2020, during the rapid insurgence of the novel coronavirus pandemic, as pets helped people in combating loneliness and the lockdown blues. These factors are expected to contribute to the overall market growth in the forecast period.

 

Growing Availability of Veterinary Hospitals and Clinics to Augment the India Veterinary Drugs Industry

The India veterinary drugs industry is predicted to be aided by the growing availability of veterinary hospitals and clinics in the region. This growth can be attributed to the heightened demand for quality care and medical facilities for animals and pets. In addition, the rising expenditure by the government in the development of veterinary healthcare infrastructure is also predicted to propel the market growth. Additionally, the increased number of strays are also expected to contribute to the industry growth in the forecast period.

 

Veterinary Drugs: Market Segmentation

Veterinary drugs refer to medications utilised by medical professionals in treating animal injuries and diseases. These drugs help in the healing and treatment procedures while also ensuring the prevention of any infectious diseases. Additionally, routine vaccinations of animals ensure their improved livelihood, further safeguarding their owners and other people from contracting any harmful diseases through the animals.

 

India Veterinary Drugs Market by Segment

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By product, the market is divided into:

  • Biologics 
  • Pharmaceuticals
  • Medicinal Feed Additives

On the basis of animal type, the market can be segmented into:

  • Companion 
  • Livestock

Based on route of administration, the industry can be segregated into:

  • Oral 
  • Parenteral 
  • Topical

On the basis of distribution channel, the market can be distributed into:

  • Veterinary Hospitals and Clinics
  • Pharmacies and Drug Stores 
  • Online
  • Others

The regional markets for the product include North India, East India, West India, and South India.

 

India Veterinary Drugs Market Report and Forecast

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Growing Animal Ownership to Bolster the India Veterinary Drugs Industry

The growing animal ownership in the region is projected to significantly impact the industry growth in the forecast period. According to the 20th Livestock Census conducted by the government of India, a total livestock population of 535.78 million was recorded, showing a 4.6% increase since 2012, making India the highest livestock owner in the world. This can be attributed to the range of services provided by livestock animals, including food, fibre and skin, and animal waste, among others. This is leading to the increased demand for veterinary drugs to ensure the good health of livestock animals. Furthermore, the growing adoption of pet animals as companions is also witnessing a surge, fuelled by the rising disposable incomes, rapid urbanisation and the improved living standards of people. These factors are projected to positively impact the market growth in the forecast period.

 

Key Industry Players in the India Veterinary Drugs Market

The report gives a detailed analysis of the following key players in the India veterinary drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Zovix Pharmaceuticals 
  • ANI Healthcare
  • MarchVET
  • Century Pharmaceuticals Ltd
  • Adani Pharmachem Private Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Animal Type, Route of Administration, Distribution Channel, Region
Breakup by Product Biologics, Pharmaceuticals, Medicinal Feed Additives
Breakup by Animal Type Companion, Livestock
Breakup by Route of Administration Oral, Parenteral, Topical
Breakup by Distribution Channel Veterinary Hospitals and Clinics, Pharmacies and Drug Stores, Online, Others
Breakup by Region North India, East India, West India, South India
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    India
7    Industry Opportunities and Challenges
8    India Veterinary Drugs Market Analysis

    8.1    Key Industry Highlights
    8.2    India Veterinary Drugs Historical Market (2016-2020) 
    8.3    India Veterinary Drugs Market Forecast (2021-2026)
    8.4    India Veterinary Drugs Market by Product
        8.4.1    Biologics
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Medicinal Feed Additives
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    India Veterinary Drugs Market by Animal Type
        8.5.1    Companion
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Livestock
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    India Veterinary Drugs Market by Route of Administration
        8.6.1    Oral
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Parenteral
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Topical
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    India Veterinary Drugs Market by Distribution Channel
        8.7.1    Veterinary Hospitals and Clinics
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Pharmacies and Drug Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Others
    8.8    India Veterinary Drugs Market by Region
        8.8.1    Market Share
            8.8.1.1    North India
            8.8.1.2    East India
            8.8.1.3    West India
            8.8.1.4    South India
9    Regional Analysis
    9.1    North India
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    East India
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    West India
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    South India
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Zovix Pharmaceuticals
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    ANI Healthcare
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    MarchVET
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Century Pharmaceuticals Ltd
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Adani Pharmachem Private Limited
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    India Veterinary Drugs Market: Key Industry Highlights, 2016 and 2026
2.    India Veterinary Drugs Historical Market: Breakup by Product (USD Million), 2016-2020
3.    India Veterinary Drugs Market Forecast: Breakup by Product (USD Million), 2021-2026
4.    India Veterinary Drugs Historical Market: Breakup by Animal Type (USD Million), 2016-2020
5.    India Veterinary Drugs Market Forecast: Breakup by Animal Type (USD Million), 2021-2026
6.    India Veterinary Drugs Historical Market: Breakup by Route of Administration (USD Million), 2016-2020
7.    India Veterinary Drugs Market Forecast: Breakup by Route of Administration (USD Million), 2021-2026
8.    India Veterinary Drugs Historical Market: Breakup by End Use (USD Million), 2016-2020
9.    India Veterinary Drugs Market Forecast: Breakup by End Use (USD Million), 2021-2026
10.    India Veterinary Drugs Historical Market: Breakup by Region (USD Million), 2016-2020
11.    India Veterinary Drugs Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    India Veterinary Drugs Market Structure

Key Questions Answered in the Report

The India veterinary drugs market is projected to grow at a CAGR of 7.90% between 2022 and 2027.

The major drivers of the industry, such as the increased demand for livestock animals, rising adoption of companion animals, increased availability of veterinary healthcare services, and heightened government investments in the development of veterinary healthcare infrastructure, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increase in animal and pet ownership across the country.

The major regions in the industry are North India, East India, West India, and South India.

The significant products include biologics, pharmaceuticals, medicinal feed additives, and others.

The significant animal types include companion and livestock.

The significant routes of administration include oral, parenteral, and topical.

The different distribution channels include veterinary hospitals and clinics, pharmacies and drug stores, online, and others.

The major players in the industry are Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, and others.

Analyst Review

The India veterinary drugs market is being driven by the growing animal ownership across the country. Aided by the rapid investments in veterinary healthcare systems, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.90%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into biologics, pharmaceuticals, medicinal feed additives, and others. On the basis of animal type, the industry can be segmented into companion and livestock. Based on route of administration, the industry can be segregated into oral, parenteral, and topical. The industry can be categorised, based on distribution channel, into veterinary hospitals and clinics, pharmacies and drug stores, online, and others. The major regional markets for veterinary drugs are North India, East India, West India, and South India. The key players in the above market include Zovix Pharmaceuticals, ANI Healthcare, MarchVET, Century Pharmaceuticals Ltd, Adani Pharmachem Private Limited, and 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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