Animal Health Market Research Report – Forecast till 2028

Animal Health Market: Information by Animal Type (Farm animal, Companion animal), Product (Pharmaceuticals, Vaccines, Feed Additives), Route of Administration (Oral, Parenteral), Distribution Channel (Retail, E-Commerce)-Forecast till 2028

ID: MRFR/HC/5697-HCR | February 2021 | Region: Global | 85 pages

Animal Health Market Scenario:


The Animal Health Market to account for USD 99 Billion by 2028 registering a CAGR of 8.5% during the forecast period (2021–2028).

Animal health is a branch of veterinary science deals with treatment and monitoring of animal disease. This play an important role for economy and safety of the country’s food supply.

The rising incidence rate of zoonotic diseases, spending on animal health, rising pet population, and growing pet insurance are expected to drive the growth of the market. Moreover, rising demand for animal protein, improvement in productivity, rising focus toward food safety, and increasing pet ownership are contributing to the growth of the animal health market. For instance, according to the data published by the American Pet Products Association (APPA), the overall expenditure in the pet industry for 2016 was USD 66.75 billion, whereas the expenditure in 2017 was USD 69.51 billion. As per a report published by the European Pet Food Industry Federation (FEDIAF) in 2017, 80 million households in the European Union owned at least one pet animal.

The high cost associated with animal health, lack of awareness regarding animal health, and unaffordability of veterinary services in underdeveloped and developing regions may hamper the growth of the animal health market during the assessment period.

Animal Health Market Segmentation:

The Animal Health Market has been segmented on the basis of animal type, product, route of administration, and distribution channel.

On the basis of animal type, the market has been classified as farm animal and companion animal. The farm animal segment has been further divided into poultry, swine, cattle, sheep & goats, and others. The companion animal segment has been further classified into dog, cat, equine, and others. the market, by product, has been segmented into pharmaceuticals, vaccines, and feed additives. Pharmaceuticals segment has been sub-segmented into parasiticides, anti-infectives, anti-inflammatory, analgesics, and others. The vaccines segment has been further segmented into live attenuated vaccines, DNA vaccines, recombinant vaccines, inactivated vaccines, and others. Based on route of administration, the market has been segmented into oral, parenteral, topical, and others. The market, by distribution channel, has been segmented into veterinary hospitals & clinics, retail, e-commerce, and others. The farm animal segment is expected to hold the largest market share of the animal health market, by animal type, during the forecast period. Also, vaccines segment to register the highest CAGR in the global animal health market during the forecast period.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The animal health market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.

The European animal health market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The animal health Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The animal health market in the Middle East & Africa has been segmented into the Middle East and Africa.

Animal Health Market Regional Market Summary:

The Americas are likely to dominate the global animal health market owing to the increasing demand for animal protein, improvement in production, and focus on food safety. Moreover, rising pet ownership and increased medicalization for pets also fueling the growth of the market during forecast periods. For instants, according to the American Pet Products Manufacturing Association (APPA), almost 80% of all dog owners have their dogs treated with drugs. Thus, with the growing spending on the treatment of pets, the demand for veterinary treatments and the equipment required for the same would increase.

The European market is expected to be the second-largest animal health market. The market growth in this region can be attributed to the government support for research & development and rising pet population.

Asia-Pacific is expected to be the fastest-growing animal health market during the forecast period owing to increased pet adoptions, rise in the number of animal welfare programs, and growth in the population of companion animals. Moreover, country such as India and China are considering fastest growing region due to the presence of huge pet population.

The market in the Middle East & Africa is expected to account for the smallest share of the global animal health market due to lack of skilled veterinarians, high cost of treatment, and poor medical facilities.

Key Players:

Some of the key players in the global animal health market are Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale, Elanco, Eli Lilly, Merck Animal Health, Nutreco N.V., Vetiquinol SA, Virbac, Zoetis, and Others.

By Animal Type:



  • Farm Animal

    • Poultry

    • Swine

    • Cattle

    • Sheep & Goats

    • Others



  • Companion Animal

    • Dog

    • Cat

    • Equine

    • Others





By Product:



  • Pharmaceuticals

    • Parasiticides

    • Anti-infectives

    • Anti-inflammatory

    • Analgesics

    • Others



  • Vaccines

    • Live Attenuated Vaccines

    • DNA Vaccines

    • Recombinant Vaccines

    • Inactivated Vaccines

    • Others



  • Feed Additives



By Route of Administration:



  • Oral

  • Parenteral

  • Topical

  • Others



By Distribution Channel:



  • Veterinary Hospitals & Clinics

  • Retail

  • E-Commerce

  • Others



By Region:



  • Americas

    • North America

      • US

      • Canada



    • Latin America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • The Middle East & Africa

    • Middle East

    • Africa





Company Profiles:    



  • Bayer AG

  • Boehringer Ingelheim GmbH

  • Ceva Sante Animale

  • Elanco

  • Eli Lilly

  • Merck Animal Health

  • Nutreco N.V.

  • Vetiquinol SA

  • Virbac

  • Zoetis

  • Others


Intended Audience:



  • Pharmaceutical companies

  • Animal health products manufacturers

  • Animal health products suppliers

  • Contract Research Organizations (CROs)

  • Research and Development (R&D) Companies

  • Academic Medical Institutes and Universities




Report Scope:
Report Attribute/Metric Details
  Market Size   2028: USD 99 Billion
  CAGR   2021-2028: 8.5%
  Base Year   2020
  Forecast Period   2028
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Product, Route of Administration, and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale, Elanco, Eli Lilly, Merck Animal Health, Nutreco N.V., Vetiquinol SA, Virbac, Zoetis
  Key Market Opportunities

  • Asia-Pacific is expected to be the fastest-growing animal health market during the forecast period owing to increased pet adoptions, rise in the number of animal welfare programs, and growth in the population of companion animals
  • The European region can be attributed to the government support for research & development and rising pet population.
  •   Key Market Drivers   The rising incidence rate of zoonotic diseases, spending on animal health, rising pet population, and growing pet insurance


    Frequently Asked Questions (FAQ) :


    by 2028, the animal health market had a valuation of USD 99 Billion

    The animal health market has a chance to record 8.5% CAGR during the forecast period of 2021 to 2028.

    The animal health market is getting backed by rising pet population, spending on animal health, the rising incidence rate of zoonotic diseases, and growing pet insurance.

    The animal health market is getting led by the farm animal segment.

    The vaccine segment is slated to lead the global animal health market by product type.

    Table of Contents:

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1. Definition

    2.2. Scope of the Study

    2.2.1. Research Objective

    2.2.2. Assumptions

    2.2.3. Limitations

    Chapter 3. Research Methodology

    3.1. Introduction

    3.2. Primary Research

    3.3. Secondary Research

    3.4. Market Size Estimation

    Chapter 4. Market Dynamics

    4.1. Drivers

    4.2. Restraints

    4.3. Opportunities

    4.4. Challenges

    4.5. Macroeconomic Indicators

    Chapter 5. Market Factor Analysis

    5.1. Porter’s Five Forces Analysis

    5.1.1. Bargaining Power of Suppliers

    5.1.2. Bargaining Power of Buyers

    5.1.3. Threat of New Entrants

    5.1.4. Threat of Substitutes

    5.1.5. Intensity of Rivalry

    5.2. Value Chain Analysis

    5.3. Investment Feasibility Analysis

    5.4. Pricing Analysis

    Chapter 6. Global Animal Health Market, by Animal Type

    6.1. Introduction

    6.2. Farm Animal

    6.2.1. Poultry

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.2.2. Swine

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.2.3. Cattle

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.2.4. Sheep & Goats

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.2.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3. Companion Animal

    6.3.1. Dog

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3.2. Cat

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3.3. Equine

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3.4. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 7. Global Animal Health Market, by Product

    7.1. Introduction

    7.2. Pharmaceuticals

    7.2.1. Parasiticides

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.2.2. Anti-infectives

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.2.3. Anti-inflammatory

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.2.4. Analgesics

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.2.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3. Vaccines

    7.3.1. Live Attenuated Vaccines

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3.2. DNA Vaccines

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3.3. Recombinant Vaccines

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3.4. Inactivated Vaccines

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.4. Feed Additives

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 8. Global Animal Health Market, by Route of Administration

    8.1. Introduction

    8.2. Oral

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.3. Parenteral

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.4. Topical

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 9. Global Animal Health Market, by Distribution Channel

    9.1. Introduction

    9.2. Veterinary Hospitals & Clinics

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    9.3. Retail

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    9.4. E-Commerce

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    9.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 10. Global Animal Health Market, by Region

    10.1. Introduction

    10.2. Americas

    10.2.1. North America

    10.2.1.1. US

    10.2.1.2. Canada

    10.2.2. Latin America

    10.3. Europe

    10.3.1. Western Europe

    10.3.1.1. Germany

    10.3.1.2. France

    10.3.1.3. Italy

    10.3.1.4. Spain

    10.3.1.5. UK

    10.3.1.6. Rest of Western Europe

    10.3.2. Eastern Europe

    10.4. Asia-Pacific

    10.4.1. Japan

    10.4.2. China

    10.4.3. India

    10.4.4. Australia

    10.4.5. South Korea

    10.4.6. Rest of Asia-Pacific

    10.5. Middle East & Africa

    10.5.1. Middle East

    10.5.2. Africa

    Chapter 11. Company Landscape

    11.1. Introduction

    11.2. Market Share Analysis

    11.3. Key Developments & Strategies

    Chapter 12. Company Profiles

    12.1. Bayer AG

    12.1.1. Company Overview

    12.1.2. Product Overview

    12.1.3. Financials Overview

    12.1.4. Key Developments

    12.1.5. SWOT Analysis

    12.1.6. Key Strategies

    12.2. Boehringer Ingelheim GmbH

    12.2.1. Company Overview

    12.2.2. Product Overview

    12.2.3. Financials Overview

    12.2.4. Key Developments

    12.2.5. SWOT Analysis

    12.2.6. Key Strategies

    12.3. Ceva Sante Animale

    12.3.1. Company Overview

    12.3.2. Product Overview

    12.3.3. Financials Overview

    12.3.4. Key Developments

    12.3.5. SWOT Analysis

    12.3.6. Key Strategies

    12.4. Elanco

    12.4.1. Company Overview

    12.4.2. Product Overview

    12.4.3. Financials Overview

    12.4.4. Key Developments

    12.4.5. SWOT Analysis

    12.4.6. Key Strategies

    12.5. Eli Lilly

    12.5.1. Company Overview

    12.5.2. Product Overview

    12.5.3. Financials Overview

    12.5.4. Key Developments

    12.5.5. SWOT Analysis

    12.5.6. Key Strategies

    12.6. Merck Animal Health

    12.6.1. Company Overview

    12.6.2. Product Overview

    12.6.3. Financials Overview

    12.6.4. Key Developments

    12.6.5. SWOT Analysis

    12.6.6. Key Strategies

    12.7. Nutreco N.V.

    12.7.1. Company Overview

    12.7.2. Product Overview

    12.7.3. Financials Overview

    12.7.4. Key Developments

    12.7.5. SWOT Analysis

    12.7.6. Key Strategies

    12.8. Vetiquinol SA

    12.8.1. Company Overview

    12.8.2. Product Overview

    12.8.3. Financials Overview

    12.8.4. Key Developments

    12.8.5. SWOT Analysis

    12.8.6. Key Strategies

    12.9. Virbac

    12.9.1. Company Overview

    12.9.2. Product Overview

    12.9.3. Financials Overview

    12.9.4. Key Developments

    12.9.5. SWOT Analysis

    12.9.6. Key Strategies

    12.10. Zoetis

    12.10.1. Company Overview

    12.10.2. Product Overview

    12.10.3. Financials Overview

    12.10.4. Key Developments

    12.10.5. SWOT Analysis

    12.10.6. Key Strategies

    12.11. Others

    Chapter 13. MRFR Conclusion

    13.1. Key Findings

    13.1.1. From CEO’s View point

    13.1.2. Unmet Needs of the Market

    13.2. Key Companies to Watch

    13.3. Predictions for the Animal Health Industry

    Chapter 14. Appendix


    LIST OF TABLES

    Table 1. Global Animal Health Market Synopsis, 2020-2027

    Table 2. Global Animal Health Market Estimates and Forecast, 2020-2028(USD Million)

    Table 3. Global Animal Health Market, by Region, 2020-2028(USD Million)

    Table 4. Global Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 5. Global Animal Health Market, by Product, 2020-2028(USD Million)

    Table 6. Global Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 7. Global Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 8. North America: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 9. North America: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 10. North America: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 11. North America: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 12. US: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 13. US: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 14. US: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 15. US: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 16. Canada: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 17. Canada: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 18. Canada: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 19. Canada: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 20. Latin America: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 21. Latin America: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 22. Latin America: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 23. Latin America: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 24. Europe: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 25. Europe: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 26. Europe: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 27. Europe: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 28. Western Europe: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 29. Western Europe: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 30. Western Europe: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 31. Western Europe: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 32. Eastern Europe: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 33. Eastern Europe: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 34. Eastern Europe: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 35. Eastern Europe: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 36. Asia-Pacific: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 37. Asia-Pacific: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 38. Asia-Pacific: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 39. Asia-Pacific: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    Table 40. Middle East & Africa: Animal Health Market, by Animal Type, 2020-2028(USD Million)

    Table 41. Middle East & Africa: Animal Health Market, by Product, 2020-2028(USD Million)

    Table 42. Middle East & Africa: Animal Health Market, by Route of Administration, 2020-2028(USD Million)

    Table 43. Middle East & Africa: Animal Health Market, by Distribution Channel, 2020-2028(USD Million)

    LIST OF FIGURES

    Figure 1. Research Process

    Figure 2. Segmentation for Global Animal Health Market

    Figure 3. Segmentation Market Dynamics for Global Animal Health Market

    Figure 4. Global Animal Health Market Share, by Animal Type, 2020

    Figure 5. Global Animal Health Market Share, by Product, 2020

    Figure 6. Global Animal Health Market Share, by Route of Administration, 2020

    Figure 7. Global Animal Health Market Share, by Distribution Channel, 2020

    Figure 8. Global Animal Health Market Share, by Region, 2020

    Figure 9. North America: Animal Health Market Share, by Country, 2020

    Figure 10. Europe: Animal Health Market Share, by Country, 2020

    Figure 11. Asia-Pacific: Animal Health Market Share, by Country, 2020

    Figure 12. Middle East & Africa: Animal Health Market Share, by Country, 2020

    Figure 13. Global Animal Health Market: Company Share Analysis, 2020 (%)

    Figure 14. Bayer AG: Key Financials

    Figure 15. Bayer AG: Segmental Revenue

    Figure 16. Bayer AG: Geographical Revenue

    Figure 17. Boehringer Ingelheim GmbH: Key Financials

    Figure 18. Boehringer Ingelheim GmbH: Segmental Revenue

    Figure 19. Boehringer Ingelheim GmbH: Geographical Revenue

    Figure 20. Ceva Sante Animale: Key Financials

    Figure 21. Ceva Sante Animale: Segmental Revenue

    Figure 22. Ceva Sante Animale: Geographical Revenue

    Figure 23. Elanco: Key Financials

    Figure 24. Elanco: Segmental Revenue

    Figure 25. Elanco: Geographical Revenue

    Figure 26. Eli Lilly: Key Financials

    Figure 27. Eli Lilly: Segmental Revenue

    Figure 28. Eli Lilly: Geographical Revenue

    Figure 29. Merck Animal Health: Key Financials

    Figure 30. Merck Animal Health: Segmental Revenue

    Figure 31. Merck Animal Health: Geographical Revenue

    Figure 32. Nutreco N.V.: Key Financials

    Figure 33. Nutreco N.V.: Segmental Revenue

    Figure 34. Nutreco N.V.: Geographical Revenue

    Figure 35. Vetiquinol SA: Key Financials

    Figure 36. Vetiquinol SA: Segmental Revenue

    Figure 37. Vetiquinol SA: Geographical Revenue

    Figure 38. Virbac: Key Financials

    Figure 39. Virbac: Segmental Revenue

    Figure 40. Virbac: Geographical Revenue

    Figure 41. Zoetis: Key Financials

    Figure 42. Zoetis: Segmental Revenue

    Figure 43. Zoetis: Geographical Revenue



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.