Animal Health Market Size, Share, Trends & Industry Report | 2034

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Global Animal Health Market Outlook

According to the report by Expert Market Research (EMR), the global animal health market size reached a value of USD 59.24 billion in 2024. Aided by the growing demand for animal-based products, advancements in veterinary medicine, and increasing awareness about animal welfare, the market is projected to grow at a compound annual growth rate (CAGR) of 6.4% between 2025 and 2034, ultimately reaching a value of USD 103.56 billion by 2034.

Animal health refers to the well-being of animals, including their physical, mental, and social well-being, and encompasses the prevention, treatment, and management of diseases in animals. The growing global demand for high-quality meat, dairy, and other animal-based products, coupled with rising concerns over zoonotic diseases, is driving the expansion of the Global Animal Health Market. Furthermore, as pet ownership continues to increase globally, veterinary services for companion animals, particularly in emerging markets, are experiencing significant growth.

The market includes a wide range of products and services, such as vaccines, antibiotics, feed additives, diagnostics, and other treatments designed to improve the health and productivity of livestock and companion animals. These products are essential to maintaining animal health and ensuring food security. As the global population rises, and with it, the demand for meat and other animal-derived products, animal health will continue to be a critical part of the agricultural and veterinary sectors.

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Key Drivers of Market Growth

Growing Demand for Animal-Based Products: One of the key factors driving the growth of the Global Animal Health Market is the increasing global demand for animal-based products. As the world’s population continues to grow, so does the need for food products such as meat, milk, eggs, and other animal-derived goods. In many developing regions, rising incomes and urbanization are increasing the consumption of animal proteins. This, in turn, drives the demand for healthy, productive livestock, which requires effective veterinary care and animal health products.

Improved animal health directly translates into enhanced productivity, leading to higher-quality and larger quantities of animal-based products. Livestock producers are increasingly turning to veterinary medicines, vaccines, and feed additives to ensure their animals remain disease-free and are able to meet the growing global food demand.

Rising Animal Disease Outbreaks and Zoonotic Concerns: The rise in animal disease outbreaks, particularly those that are zoonotic in nature (capable of being transmitted to humans), has further emphasized the importance of robust animal health systems. Diseases such as avian influenza, foot-and-mouth disease, and African swine fever can have devastating effects on both animal populations and the human food supply. As a result, there is an increasing focus on preventive measures, such as vaccines and diagnostics, to reduce the spread of these diseases.

The outbreak of COVID-19 also raised awareness regarding zoonotic diseases and the need for greater surveillance and control of animal diseases to prevent future pandemics. Governments and international organizations are implementing stricter regulations and preventive measures to control animal diseases, contributing to the growing demand for animal health products.

Advancements in Veterinary Medicine: Technological innovations and advancements in veterinary medicine are significantly contributing to the growth of the Global Animal Health Market. Modern veterinary treatments are becoming increasingly sophisticated, with advancements in genomics, biotechnology, and diagnostics leading to the development of more effective vaccines, medications, and other treatments for both livestock and companion animals.

The emergence of personalized medicine, where treatments are tailored to individual animals based on their genetic makeup and health status, is an area of particular growth. The growing focus on precision medicine, diagnostic tools, and improved animal welfare is likely to further propel the market forward, as farmers and pet owners seek the most effective solutions for animal care.

Rising Awareness About Animal Welfare: In recent years, there has been an increasing global awareness about animal welfare, driven by both ethical considerations and concerns about food safety. Consumers are demanding higher standards of animal welfare in food production systems, and producers are responding by implementing better management practices and ensuring the health and well-being of the animals in their care.

This heightened focus on animal welfare is driving the demand for veterinary care, healthier feed, and disease prevention, all of which contribute to the Global Animal Health Market growth. Additionally, many governments and regulatory bodies are introducing stricter regulations on animal welfare, further boosting demand for animal health products.

Growing Pet Ownership and Companion Animal Care: The increase in pet ownership, particularly in developed regions and urban areas, is another major driver of the Global Animal Health Market. Pets, especially dogs and cats, are increasingly regarded as family members, leading to a surge in demand for high-quality pet care products, including vaccines, medications, and supplements. As pet owners become more aware of the need for preventative healthcare, veterinary services for companion animals are experiencing rapid growth.

This trend is particularly notable in emerging markets, where rising disposable incomes and growing urbanization are driving an increase in pet ownership. As a result, there is a rising demand for veterinary healthcare products, services, and diagnostics, which is contributing to the overall expansion of the Global Animal Health Market.

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Animal Health Market Segmentation

The Global Animal Health Market can be divided based on animal type, product type, end use, and region.

Market Breakup by Animal Type

Commercial Animals

Companion Animals

Market Breakup by Product Type

Vaccines

Pharmaceuticals

Feed Additives

Diagnostics

Others

Market Breakup by End Use

Veterinary Hospitals and Clinics

Animal Care and Rehabilitation Centres

Diagnostics Centres

Others

Market Breakup by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

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

Competitive Landscape

Key players in the Global Animal Health Market include Zoetis Inc., Boehringer Ingelheim, Merck & Co., Inc., Elanco Animal Health, and BASF SE. These companies are investing heavily in research and development to introduce new and innovative products while also focusing on strategic partnerships and acquisitions to expand their market presence.

ANIMAL HEALTH MARKET SIZE, SHARE, TRENDS & INDUSTRY REPORT | 2034

Animal Health Market Size, Share, Trends & Industry Report | 2034