Farm Animal Healthcare Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Farm Animal Healthcare Market Achieve During 2025–2034, and What Does It Indicate?
The agricultural livestock healthcare market has seen significant growth in recent years. The market size is projected to increase from $21.02 billion in 2024 to $22.38 billion in 2025, marking a compound annual growth rate (CAGR) of 6.5%. This expansion during the historical phase is due to factors such as disease occurrences, regulatory backing, rising livestock numbers, as well as heightened awareness and education.
The market size of healthcare for farm animals is anticipated to experience robust expansion in the forthcoming years. It is projected to escalate to $29.89 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%. The augmentation during the prediction period can be ascribed to the global demand for food, trends in preventive healthcare, precision agriculture technology, environmental concerns, and economic factors. Key trends during the prediction period comprise digital health solutions, advancements in biotechnology, sustainable practices, nutraceuticals and functional feed, along with collaborations and partnerships.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the farm animal healthcare Market?
The growth of the farm animal healthcare market is projected to be spurred by a rise in livestock populations. Livestock, which includes agricultural animals such as cows, horses, and pigs raised and cared for by people, is set to increase. Correspondingly, there is a growing need for farm animal healthcare services, which help safeguard these animals from diseases like swine flu and avian flu that can also threaten people, workers, and vets. For example, the United States Department of Agriculture, a federal agency overseeing farming, forestry, and rural economic development laws, predicted in September 2023 a 1% upturn in cattle production in 2023. Moreover, it is expected that cattle slaughter rates will surge in 2023 and 2024. Beef production is predicted to rise by eight per cent in 2023 and two per cent in 2024. With a 30% share of Brazil’s production, Brazil is anticipated to maintain its position as the world’s leading beef exporter, with exports of 3.35 MMT CWE in 2023 and 3.40 MMT CWE in 2024. Consequently, the burgeoning populations of livestock bolster the growth of the farm animal healthcare market.
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Who Are the Key Firms Paving the Way for Growth in the Farm Animal Healthcare Market?
Major companies operating in the farm animal healthcare market include:
• Bayer AG_x000D_
• C. H. Boehringer Sohn AG & Co. KG_x000D_
• Ceva Santé Animale_x000D_
• Merck & Co. Inc._x000D_
• Virbac Corporation_x000D_
What Are the Most Influential Trends Currently Shaping the Farm Animal Healthcare Market?
The farm animal healthcare market is witnessing a high growth trend due to quick advancements in technology. Leading corporations in the sector are dedicated to inventing new technologies to cater to customer needs and solidify their market presence. To illustrate, Merck & Co., Inc. in June 2023 introduced INNOVAX-ILT-IBD, a dual-construct HVT vaccine for poultry health. This product provides prolonged protection against infectious bursal disease (IBD), infectious laryngotracheitis (ILT), and Marek’s disease (MD). Unlike previous versions containing one ILT glycoprotein insert, INNOVAX-ILT-IBD incorporates two. Further, clinical trials have demonstrated that the immunity generated by INNOVAX-ILT-IBD is established early and persists over an extended period. The vaccine can be administered subcutaneously (at day-old) or in Ovo (around the 18th day of incubation) to layers, breeder flocks and broiler chickens in the hatchery to enhance their protection during the early stages of life.
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What Are the Major Categories and Their Growth Dynamics in the Farm Animal Healthcare Market?
The farm animal healthcare market covered in this report is segmented –
1) By Product: Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Other Products
2) By Application: Cattle, Swine, Poultry, Fish, Sheep
3) By End User: Reference Laboratories, Point-Of-Care Testing Or In-House Testing, Veterinary Hospitals And Clinics, Other End Users
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Recombinant Vaccines
2) By Parasiticides: Endoparasiticides (internal parasites), Ectoparasiticides (External Parasites), Combination Products
3) By Anti-Infectives: Antibiotics, Antifungals, Antivirals
4) By Medical Feed Additives: Probiotics, Prebiotics, Nutraceuticals, Enzymes
5) By Other Products: Hormones, Pain Management Products, Diagnostic Products
Which Regions Are Essential for the Growth of the Farm Animal Healthcare Market?
North America was the largest region in the farm animal healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm animal healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Defining Aspects of the Farm Animal Healthcare Market Landscape?
The farm animal healthcare refers to a proactive service that outlines steps for disease prevention, identification, and management in order to promote the health and wellbeing of farm animals. It ensures that disease, injury, and mortality among farmed animals are kept to a minimum.
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