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Animal Health Market

ID: MRFR/HC/5697-CR
178 Pages
Rahul Gotadki
March 2021

Animal Health Market Research Report Information by Animal Type (Farm Animal, Companion Animal), by Product (Pharmaceuticals, Vaccines, Feed Additives), Route of Administration (Oral, Parenteral, Topical), Distribution Channel (Veterinary Hospitals & Clinics, Retail, E-Commerce), and by Region (North America, Europe, Asia-Pacific, Middle East, and Africa)—Forecast till 2035

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Animal Health Market Summary

As per MRFR analysis, the Animal Health Market Size was estimated at 68.6 USD Billion in 2024. The Animal Health industry is projected to grow from 74.17 USD Billion in 2025 to 162.08 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.13 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Animal Health Market is experiencing robust growth driven by technological advancements and increasing demand for preventive care.

  • Technological advancements in veterinary care are reshaping treatment protocols and improving animal health outcomes.
  • The rising demand for preventive healthcare is prompting a shift towards proactive management of animal health.
  • Sustainability and ethical practices are becoming integral to the operations of veterinary service providers.
  • Increasing pet ownership and advancements in veterinary technology are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 68.6 (USD Billion)
2035 Market Size 162.08 (USD Billion)
CAGR (2025 - 2035) 8.13%

Major Players

Zoetis (US), Merck Animal Health (US), Boehringer Ingelheim (DE), Elanco Animal Health (US), Virbac (FR), Ceva Santé Animale (FR), Dechra Pharmaceuticals (GB), Heska Corporation (US), Phibro Animal Health (US)

Animal Health Market Trends

The Animal Health Market is currently experiencing a dynamic evolution, driven by various factors that influence both consumer behavior and industry practices. Increasing awareness regarding animal welfare and the rising demand for high-quality animal products are shaping the landscape of this market. Stakeholders are increasingly focusing on preventive healthcare measures, which are perceived as essential for maintaining the health of livestock and pets alike. This shift towards proactive management is likely to enhance the overall productivity and longevity of animals, thereby benefiting both producers and consumers. Furthermore, advancements in technology, such as telemedicine and digital health solutions, are emerging as pivotal elements in the market, facilitating better access to veterinary care and improving health outcomes for animals. In addition, the growing trend of pet ownership is contributing to the expansion of the Animal Health Market. As more individuals consider pets as integral family members, there is a heightened emphasis on their health and well-being. This trend is prompting an increase in spending on veterinary services, pharmaceuticals, and nutritional products. Moreover, the integration of sustainable practices within the industry is becoming more pronounced, as stakeholders seek to align with consumer preferences for environmentally friendly options. Overall, the Animal Health Market appears poised for continued growth, driven by a combination of technological innovation, changing consumer attitudes, and a commitment to animal welfare.

Technological Advancements in Veterinary Care

The integration of technology into veterinary practices is transforming the Animal Health Market. Innovations such as telemedicine, wearable health monitors, and mobile applications are enhancing the accessibility and efficiency of veterinary services. These advancements enable timely interventions and foster better communication between pet owners and veterinarians, ultimately improving health outcomes.

Rising Demand for Preventive Healthcare

There is a noticeable shift towards preventive healthcare in the Animal Health Market. Stakeholders are increasingly prioritizing vaccination, regular health check-ups, and nutritional management to ensure the well-being of animals. This proactive approach not only enhances animal health but also reduces long-term healthcare costs for owners.

Sustainability and Ethical Practices

Sustainability is becoming a focal point within the Animal Health Market. Consumers are increasingly seeking products and services that align with ethical and environmentally friendly practices. This trend is prompting companies to adopt sustainable sourcing, eco-friendly packaging, and responsible production methods, reflecting a broader commitment to animal welfare and environmental stewardship.

Animal Health Market Drivers

Increasing Pet Ownership

The rise in pet ownership appears to be a pivotal driver for the Animal Health Market. As more households adopt pets, the demand for veterinary services and products escalates. Recent statistics indicate that approximately 67% of households own a pet, which translates to a significant market opportunity. This trend is particularly pronounced in urban areas, where pet ownership is often viewed as a lifestyle choice. Consequently, the Animal Health Market is witnessing a surge in demand for pet health products, including vaccines, medications, and nutritional supplements. This growing consumer base is likely to propel the market forward, as pet owners increasingly prioritize the health and well-being of their animals.

Expansion of Veterinary Services

The expansion of veterinary services is a notable driver for the Animal Health Market. As the demand for comprehensive animal care increases, veterinary practices are diversifying their service offerings. This includes specialized services such as dental care, dermatology, and emergency care, which cater to the evolving needs of pet owners. Additionally, the establishment of veterinary clinics in underserved areas is enhancing access to animal healthcare. The Animal Health Market is likely to benefit from this expansion, as more services lead to increased spending on veterinary care. This trend suggests a robust growth trajectory for the market, as the industry adapts to meet the diverse needs of animal owners.

Growing Awareness of Animal Welfare

The increasing awareness of animal welfare is significantly influencing the Animal Health Market. Consumers are becoming more conscious of the ethical treatment of animals, leading to a heightened demand for products and services that promote animal health. This shift in consumer behavior is evident in the rising popularity of organic and natural pet foods, as well as humane veterinary practices. Furthermore, regulatory bodies are implementing stricter guidelines to ensure the welfare of animals, which in turn drives the demand for compliant health products. The Animal Health Market is likely to see sustained growth as stakeholders prioritize animal welfare, aligning their offerings with consumer expectations.

Advancements in Veterinary Technology

Technological innovations in veterinary care are reshaping the Animal Health Market. The integration of telemedicine, diagnostic imaging, and wearable health monitoring devices is enhancing the efficiency and effectiveness of veterinary services. For instance, the use of telehealth solutions allows veterinarians to provide consultations remotely, thereby increasing accessibility for pet owners. Moreover, advancements in diagnostic tools enable quicker and more accurate disease detection, which is crucial for timely interventions. The Animal Health Market is expected to benefit from these technological advancements, as they not only improve animal care but also streamline operations within veterinary practices. This trend suggests a promising future for the market, as technology continues to evolve.

Rising Incidence of Zoonotic Diseases

The increasing incidence of zoonotic diseases is a critical driver for the Animal Health Market. As the interaction between humans and animals intensifies, the risk of disease transmission escalates. This has led to a heightened focus on preventive healthcare measures for both pets and livestock. The World Health Organization has reported a rise in zoonotic diseases, which underscores the need for effective vaccination and health management strategies. Consequently, the Animal Health Market is experiencing a surge in demand for vaccines and diagnostic tools aimed at preventing these diseases. This trend indicates a growing recognition of the interconnectedness of human and animal health, which could shape future market dynamics.

Market Segment Insights

By Type: Animal Health Market Vaccines (Largest) vs. Animal Health Market Feed Additives (Fastest-Growing)

In the Animal Health Market, the segment distribution reveals a robust competitive landscape, with Animal Health Market Vaccines holding a dominant market share due to increasing vaccination awareness and preventive care among livestock owners. Following closely, Animal Health Market Feed Additives are gaining significant traction, driven by the rising demand for nutritious animal feeds that elevate animal health and productivity. Other segments, such as Growth Promoters and Pharmaceuticals, are also evolving, but Vaccines and Feed Additives remain at the forefront in share dynamics. Growth trends within the segment show a clear divergence: Vaccines remain stable as the foundational element of disease prevention in animals, while Feed Additives are experiencing the fastest growth. This emergence is propelled by a surge in agricultural productivity demands and heightened health standards. Furthermore, innovations in bioactive feeds and nutritional supplementation are enhancing the market competitiveness of Feed Additives, ensuring they align with modern farming practices and consumer preferences for healthier meat and dairy products.

Animal Health Market Vaccines (Dominant) vs. Animal Health Market Growth Promoter (Emerging)

In the Animal Health Market, Animal Health Market Vaccines are regarded as the dominant segment, due to their critical role in preventing diseases that affect livestock and pets alike. These vaccines are pivotal for maintaining animal health, facilitating herd immunity, and ensuring compliance with stringent regulatory frameworks. In contrast, Animal Health Market Growth Promoters represent an emerging segment, capturing a growing interest among producers looking to maximize growth rates and overall feed efficiency. Growth Promoters are often characterized by a blend of various additives designed to enhance nutrient absorption and metabolic processes. As regulatory scrutiny increases on the use of antibiotics in livestock, Growth Promoters are adapting to incorporate more natural and organic components, which could reshape their market positioning while appealing to a more health-conscious consumer base.

By Animal Type: Food-Producing Animals (Largest) vs. Companion Animals (Fastest-Growing)

In the Animal Health Market, the segment of Food-Producing Animals holds the largest share, driven by the increasing demand for livestock products globally. This segment includes cattle, poultry, and swine, which are crucial for meeting the protein needs of a growing population. The Companion Animals segment, while smaller in share, is experiencing rapid growth, driven by the rising trend of pet ownership, particularly in urban areas. With a greater focus on animal welfare and premium healthcare products for pets, this market is becoming more dynamic and competitive.

Food-Producing Animals (Dominant) vs. Companion Animals (Emerging)

Food-Producing Animals are characterized by their essential role in global food security and nutrition, representing a fundamental aspect of agriculture. This segment benefits from consistent demand and established healthcare practices, ensuring the health and productivity of livestock. On the other hand, Companion Animals, including dogs and cats, represent an emerging segment with increasing consumer expenditure on pet care products and veterinary services. Factors such as emotional bonds with pets and the humanization of animals are driving growth in this category, leading to innovations in nutritional products, veterinary care, and holistic treatments.

By End-User: Veterinary Hospitals & Clinics (Largest) vs. Homecare (Fastest-Growing)

In the Animal Health Market, the distribution of market share among the end-user segments reveals Veterinary Hospitals & Clinics as the dominant force, catering to numerous animals and offering a wide range of health services. These establishments play a critical role in the treatment and well-being of pets and livestock, capturing a significant portion of the market share. In contrast, Homecare services are rapidly gaining traction, appealing to pet owners seeking convenience and personalized care solutions in their own environments.

Veterinary Hospitals & Clinics (Dominant) vs. Homecare (Emerging)

Veterinary Hospitals & Clinics serve as the cornerstone of the Animal Health Market, providing essential veterinary services, routine check-ups, and specialized treatments. Their established infrastructure and trusted reputation make them a preferred choice for animal health care. On the other hand, Homecare represents an emerging segment that caters to the increasing demand for at-home pet services, including vaccinations, check-ups, and wellness monitoring. This trend reflects changing consumer preferences towards convenience and personalized care, driving growth due to the rise of pet ownership and its associated health concerns.

Get more detailed insights about Animal Health Market

Regional Insights

North America : Market Leader in Animal Health Market

North America is the largest market for animal health, accounting for approximately 45% of the global share. The region's growth is driven by increasing pet ownership, rising demand for animal protein, and advancements in veterinary medicine. Regulatory support from agencies like the FDA enhances market dynamics, ensuring safety and efficacy in animal health products. The focus on preventive care and innovative therapies further propels market expansion. The United States leads the North American market, with significant contributions from Canada. Key players such as Zoetis, Merck Animal Health Market, and Elanco dominate the landscape, offering a wide range of pharmaceuticals and vaccines. The competitive environment is characterized by continuous innovation and strategic partnerships, ensuring that these companies maintain their market leadership. The presence of advanced research facilities and a robust distribution network further strengthens their position.

Europe : Regulatory Framework and Innovation

Europe is the second-largest market for animal health, holding around 30% of the global share. The region's growth is fueled by stringent regulations ensuring animal welfare, increasing awareness of zoonotic diseases, and a rising demand for organic and sustainable animal products. The European Medicines Agency (EMA) plays a crucial role in regulating veterinary medicines, fostering innovation while ensuring safety and efficacy in the market. Leading countries in Europe include Germany, France, and the UK, where major players like Boehringer Ingelheim and Virbac are prominent. The competitive landscape is marked by a focus on research and development, with companies investing heavily in new technologies and therapies. The presence of a well-established veterinary infrastructure and a growing trend towards preventive healthcare further enhance the market's potential, making Europe a key player in the global animal health sector.

Asia-Pacific : Emerging Market with High Potential

Asia-Pacific is an emerging powerhouse in the animal health market, accounting for approximately 20% of the global share. The region's growth is driven by increasing livestock production, rising disposable incomes, and a growing awareness of animal health issues. Regulatory frameworks are evolving, with countries like China and India implementing stricter guidelines to enhance animal welfare and food safety, thus catalyzing market growth. China and India are the leading countries in this region, with significant contributions from Australia and Japan. The competitive landscape features both multinational corporations and local players, with companies like Elanco and Ceva Santé Animale expanding their presence. The market is characterized by a growing trend towards preventive healthcare and the adoption of advanced veterinary practices, positioning Asia-Pacific as a vital region for future growth in the animal health sector.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa represent a resource-rich frontier in the animal health market, holding about 5% of the global share. The region's growth is driven by increasing livestock farming, rising demand for animal protein, and a growing focus on veterinary care. Regulatory bodies are beginning to establish frameworks to improve animal health standards, which is expected to catalyze market growth in the coming years. Leading countries include South Africa, Nigeria, and the UAE, where the presence of both local and international players is growing. Companies like Dechra Pharmaceuticals and Phibro Animal Health Market are expanding their operations to tap into this emerging market. The competitive landscape is evolving, with a focus on improving veterinary services and increasing access to animal health products, making the Middle East and Africa a promising region for investment and growth.

Animal Health Market Regional Image

Key Players and Competitive Insights

The Animal Health Market is currently characterized by a dynamic competitive landscape, driven by innovation, strategic partnerships, and a growing emphasis on sustainability. Major players such as Zoetis (US), Merck Animal Health (US), and Boehringer Ingelheim (DE) are at the forefront, each adopting distinct strategies to enhance their market positioning. Zoetis (US) focuses on expanding its portfolio through innovative product development, particularly in biologics and diagnostics, while Merck Animal Health (US) emphasizes strategic acquisitions to bolster its capabilities in vaccine development. Boehringer Ingelheim (DE) appears to prioritize regional expansion, particularly in emerging markets, thereby enhancing its global footprint and operational reach. Collectively, these strategies contribute to a competitive environment that is increasingly shaped by technological advancements and a commitment to improving animal health outcomes.

Key business tactics within the Animal Health Market include localizing manufacturing and optimizing supply chains to enhance efficiency and responsiveness. The market structure is moderately fragmented, with a mix of large multinational corporations and smaller specialized firms. This fragmentation allows for diverse product offerings and fosters competition among key players, who are increasingly focused on leveraging their strengths to capture market share. The collective influence of these companies is significant, as they drive innovation and set industry standards that shape consumer expectations and regulatory frameworks.

In August 2025, Zoetis (US) announced the launch of a new line of vaccines aimed at combating emerging infectious diseases in livestock. This strategic move underscores the company's commitment to addressing critical health challenges in the agricultural sector, potentially positioning it as a leader in preventive health solutions. The introduction of these vaccines is likely to enhance Zoetis's market share and reinforce its reputation as an innovator in animal health.

In September 2025, Merck Animal Health (US) completed the acquisition of a biotechnology firm specializing in gene editing technologies. This acquisition is strategically significant as it enables Merck to integrate cutting-edge genetic solutions into its product offerings, thereby enhancing its competitive edge in the market. The move reflects a broader trend towards the incorporation of advanced technologies in animal health, which may lead to more effective treatments and improved animal welfare.

In July 2025, Boehringer Ingelheim (DE) launched a digital platform designed to facilitate real-time monitoring of animal health data for veterinarians and farmers. This initiative not only demonstrates the company's commitment to digital transformation but also positions it to capitalize on the growing trend of data-driven decision-making in agriculture. By providing actionable insights, Boehringer Ingelheim is likely to strengthen its relationships with customers and enhance its service offerings.

As of October 2025, the Animal Health Market is witnessing a shift towards digitalization, sustainability, and the integration of artificial intelligence in product development and service delivery. Strategic alliances among key players are increasingly shaping the competitive landscape, fostering collaboration that enhances innovation and market responsiveness. Looking ahead, competitive differentiation is expected to evolve, with a pronounced shift from price-based competition to a focus on technological innovation, supply chain reliability, and sustainable practices. This transition may redefine the parameters of success in the Animal Health Market, compelling companies to adapt and innovate continuously.

Key Companies in the Animal Health Market market include

Industry Developments

  • Q2 2024: Zoetis receives FDA approval for Librela, a new osteoarthritis treatment for dogs Zoetis announced that the U.S. Food and Drug Administration approved Librela, its monoclonal antibody therapy for canine osteoarthritis, marking a significant expansion of its animal health portfolio.
  • Q2 2024: Elanco Animal Health Market completes acquisition of Kindred Biosciences Elanco finalized its acquisition of Kindred Biosciences, strengthening its pipeline in biologics and expanding its companion animal therapeutics offerings.
  • Q3 2024: Merck Animal Health Market launches new swine vaccine in the U.S. Merck Animal Health Market introduced a novel vaccine for swine respiratory disease, aiming to address rising concerns over livestock health and productivity.
  • Q3 2024: Boehringer Ingelheim opens new animal vaccine manufacturing facility in France Boehringer Ingelheim inaugurated a state-of-the-art vaccine production plant in Lyon, France, to boost its capacity for veterinary biologics in Europe.
  • Q4 2024: Ceva Santé Animale acquires U.S.-based Artemis Technologies Ceva Santé Animale expanded its North American footprint by acquiring Artemis Technologies, a developer of digital animal health monitoring solutions.
  • Q4 2024: Virbac announces partnership with Chinese distributor for companion animal products Virbac entered a strategic partnership with a leading Chinese distributor to accelerate the rollout of its companion animal health products in China.
  • Q1 2025: Bayer appoints new Head of Animal Health Market Division Bayer announced the appointment of Dr. Anna Müller as the new global head of its Animal Health Market Division, effective January 2025.
  • Q1 2025: Phibro Animal Health Market secures multi-year contract with major U.S. poultry producer Phibro Animal Health Market signed a multi-year supply agreement to provide nutritional and health products to one of the largest poultry producers in the United States.
  • Q2 2025: Dechra Pharmaceuticals launches new feline diabetes treatment in Europe Dechra Pharmaceuticals introduced a novel oral medication for feline diabetes, expanding its specialty therapeutics portfolio in the European market.
  • Q2 2025: Zoetis announces $200 million investment in new R&D center in Singapore Zoetis revealed plans to build a new research and development facility in Singapore, focusing on next-generation vaccines and biologics for animal health.
  • Q3 2025: Merck Animal Health Market receives EMA approval for new cattle parasite treatment Merck Animal Health Market secured European Medicines Agency approval for a new antiparasitic product targeting cattle, enhancing its livestock health portfolio.
  • Q3 2025: Elanco Animal Health Market announces partnership with Israeli biotech startup for novel pet therapeutics Elanco entered a collaboration with an Israeli biotech firm to co-develop innovative therapeutics for companion animals, focusing on chronic disease management.

Future Outlook

Animal Health Market Future Outlook

The Animal Health Market is projected to grow at an 8.13% CAGR from 2024 to 2035, driven by increasing pet ownership, advancements in veterinary technology, and rising demand for animal protein.

New opportunities lie in:

  • Development of telemedicine platforms for remote veterinary consultations.
  • Expansion of personalized nutrition solutions for livestock and pets.
  • Investment in biopharmaceuticals targeting specific animal diseases.

By 2035, the Animal Health Market is expected to achieve substantial growth, reflecting evolving consumer demands and technological advancements.

Market Segmentation

Animal Health Market Type Outlook

  • Animal Health Vaccines
  • Animal Health Feed Additives
  • Animal Health Growth Promoter
  • Other Pharmaceuticals

Animal Health Market End-User Outlook

  • Veterinary Hospitals & Clinics
  • Animal Farms
  • Homecare

Animal Health Market Animal Type Outlook

  • Food-Producing Animals
  • Companion Animals

Report Scope

MARKET SIZE 202468.6(USD Billion)
MARKET SIZE 202574.17(USD Billion)
MARKET SIZE 2035162.08(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.13% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesIntegration of digital health solutions enhances monitoring and treatment in the Animal Health Market.
Key Market DynamicsRising demand for innovative veterinary products drives competitive forces and technological advancements in the Animal Health Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Rahul Gotadki
Assistant Manager

He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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FAQs

What is the current valuation of the Animal Health Market as of 2024?

The Animal Health Market was valued at 68.6 USD Billion in 2024.

What is the projected market size for the Animal Health Market by 2035?

The market is projected to reach 162.08 USD Billion by 2035.

What is the expected CAGR for the Animal Health Market during the forecast period 2025 - 2035?

The expected CAGR for the Animal Health Market during 2025 - 2035 is 8.13%.

Which segments are included in the Animal Health Market?

The market includes segments such as Animal Health Vaccines, Feed Additives, Growth Promoters, and Other Pharmaceuticals.

What is the valuation range for Animal Health Vaccines from 2025 to 2035?

Animal Health Vaccines are projected to range from 20.0 to 45.0 USD Billion during this period.

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