Farm Animal Healthcare Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theFarm Animal Healthcare Market?
The anticipated rise in livestock numbers is predicted to fuel the expansion of the farm animal healthcare market. Livestock, which typically includes agricultural animals such as cows, horses, and pigs that humans house, breed, and utilize, is directly correlated with the demand for farm animal healthcare services. These services are critical in safeguarding animals from diseases like swine flu and avian flu, which pose threats to humans, labourers, and veterinarians alike. As an example, The United States Department of Agriculture, a US federal agency overseeing laws relating to agriculture, forestry, rural economic development, and food supply, predicts a 1% growth in cattle production in 2023. Cattle slaughter rates are also anticipated to rise in 2023 and 2024. Beef production is projected to see an eight per cent hike in 2023 and a two per cent upswing in 2024. Maintaining its spot as the world’s largest beef exporter, Brazil will export 3.35 MMT CWE in 2023 and 3.40 MMT CWE in 2024, contributing to a sizable 30% of Brazil’s production. Consequently, the growth of the livestock populace contributes significantly to the expansion of the farm animal healthcare market.
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#How Will the CAGR of the Farm Animal Healthcare Market Influence Its Overall Growth by 2034?
The size of the market for farm animal healthcare has seen robust growth in the past few years. The market, which is valued at $21.02 billion in 2024, is projected to reach $22.38 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. Factors such as disease outbreaks, regulatory backing, growth in livestock population, and increased awareness and education have contributed to the historical growth of this market.
In the coming years, the market size of farm animal healthcare is anticipated to witness robust expansion. It is projected to reach $29.89 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.5%. This surge during the forecast period correlates with world food demands, preventative healthcare patterns, precision farming methodologies, environmental apprehensions, and economic influences. Key trends during the forecast period comprise advancements in digital health solutions and biotechnology, eco-conscious practices, the rise of nutraceuticals and functional feed, as well as collaborations and partnerships.
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What Are the Latest Innovations Influencing theFarm Animal Healthcare Market?
The surge in technological advancements is becoming a prominent trend in the farm animal healthcare industry. Many leading companies in this sector are prioritizing the development of novel technologies to meet the needs of consumers and consolidate their market standing. For example, in June 2023, Merck & Co., Inc. introduced INNOVAX-ILT-IBD, a dual-construct HVT vaccine designed for poultry health. It provides prolonged protection against infectious bursal disease (IBD), infectious laryngotracheitis (ILT), and Marek’s disease (MD). INNOVAX-ILT-IBD comes with two ILT glycoprotein inserts instead of the typical one. Furthermore, clinical trials results show that the immunity provided by INNOVAX-ILT-IBD develops quickly and is long-lasting. INNOVAX-ILT-IBD can be subcutaneously injected (at a day-old) or in Ovo (approximately on the 18th day of incubation) into layers, breeder flocks and broiler chickens in the hatchery, which enhances their early-life protection.
Who Are the Major Industry Players Accelerating Growth in theFarm Animal Healthcare Market?
Major companies operating in the farm animal healthcare market include Bayer AG, C. H. Boehringer Sohn AG & Co. KG, Ceva Santé Animale, Merck & Co. Inc., Virbac Corporation, Zoetis Inc., Vetoquinol Animal health pvt. Ltd., Norbrook Laboratories, Alivira Animal Health Limited, Phibro Animal Health, Intas Pharmaceuticals Limited, Hester Biosciences Limited, Elanco Animal Health Incorporated, Biogenesis Bago SA, Animalcare Limited, Bimeda Inc., Eco Animal Health Pvt. Ltd., Dechra Pharmaceuticals PLC, Hipra, Huvepharma Inc., Indian Immunologicals Limited, Jurox Pty Ltd., Kyoritsu Seiyaku Corporation, Neogen Corporation, Phytobiotics Futterzusatzstoffe GmbH, Vaxxinova International BV, Wedgewood Pharmacy, Orion Pharma Animal Health, Kane biotech Inc.
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Which Primary Segments of the Farm Animal Healthcare Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theFarm Animal Healthcare Market?# 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
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