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What key factors are powering the surge in the farm animal drugs market right now?
The dimension of the farm animal drugs market has seen a robust expansion recently. It is forecasted to progress from $19.41 billion in 2024 to $20.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. The rise during the historical period can be linked to the growing consumer demand for animal-based products, an increase in diseases transmitting from animals to humans, preventive measures and control of diseases, rise in livestock farming intensity, and the growth of the global population.
How fast Is the farm animal drugs market expected to grow, and what’s its future value?
Expectations point to considerable expansion in the farm animal drugs market in the coming years, with predictions marking its worth at $26.85 billion by 2029, advancing at a compound annual growth rate (CAGR) of 6.7%. This forthcoming growth is credited to several factors including increased consciousness about antimicrobial resistance, effects of climate change on livestock health, heightened focus on animal nutrition, the surge in alternative proteins, the introduction of phytogenic feed additives, use of biopharmaceuticals for livestock, and the creation of digital platforms for managing farm animal health. Further key trends expected in this period are the technological evolution in veterinary medicine, advancements in precision technologies for livestock farming, the adoption of blockchain for achieving supply chain transparency, and the integration of AI and Machine Learning techniques.
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What are the leading drivers of growth in the farm animal drugs market?
The farm animal drug market is forecast to expand due to the rising trend of meat consumption. In this context, eating the flesh of animals serves as a food source, and is often sourced from livestock such as chickens, pigs, or cattle. Farm animal drugs play a vital role in speeding up the growth of animals and enhancing the process of converting food into meat. As such, the impending upswing in meat consumption could spur the demand for farm animal drugs. An illustration of this upward trend is found in an April 2023 report by the United States Department of Agriculture (USDA), a federal agency tasked with regulating agriculture, food, and rural growth. The USDA report tracked a surge in beef meat consumption from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. Concurrently, pork meat consumption rose from 9,918 metric tons in 2021 to 9,959 metric tons in 2022. Chicken meat consumption also leaped from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Consequently, the farm animal drug market is being spurred by the upsurge in meat consumption.
What are the key segments defining the farm animal drugs market?
The farm animal drugs market covered in this report is segmented –
1) By Product: Anti-Infective, Parasiticides, Anti-Inflammatory, Anesthetics, Analgesics, Hormones And Related Product, Other Products
2) By Route Of Administration: Oral, Parenteral, Topical, Other Routes
3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores, Other Channels
4) By Animal: Livestock Animals, Equine
Subsegments
1) By Anti-Infective: Antibiotics, Antivirals, Antifungals
2) By Parasiticides: Endectocides, Anthelmintics, Ectoparasiticides
3) By Anti-Inflammatory: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids
4) By Anesthetics: Local Anesthetics, General Anesthetics
5) By Analgesics: Opioids, Non-Opioid Analgesics
6) By Hormones And Related Products: Reproductive Hormones, Growth Promoters, Thyroid Hormones
7) By Other Products: Vaccines, Nutraceuticals, Diagnostic Products
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Who are the key players steering the development of the farm animal drugs market?
Major companies operating in the farm animal drugs market include Eli Lilly and Company, Boehringer Ingelheim GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Hester Biosciences Limited, Ceva Santé Animale SA, Virbac SA, Huvepharma Inc, Phibro Animal Health Corporation, Dechra Pharmaceuticals plc, Laboratorios Hipra S.A., Norbrook Laboratories Ltd., Neogen Corporation, Ouro Fino Saude Animal Participacoes SA, Eco Animal Health Ltd, Biogenesis Bago SA, Laboratorios Calier S.A., Laboratorios Syva S.A., Jurox Pty Ltd, Kepro B.V., Kyoritsu Seiyaku Corp., Merck Animal Health, Vetoquinol SA, Nippon Zenyaku Kogyo Co. Ltd., SeQuent Scientific Limited, Agrovet Market Animal Health, Orion Pharma Animal Health, Zydus Animal Health and Investments Limited
What emerging trends are influencing the growth of the farm animal drugs market?
Leading corporations in the farm animal drugs market are strategically focusing on the development of antimicrobial drugs such as water-soluble granules, aimed for use in female swine breeding, in an effort to remain competitive. The appeal of water-soluble granules is that they are solid, easily dissolved in water, and deliver precise dispersion of substances—which makes them indispensable in various applications. For example, in October 2023, Pharmgate Animal Health, a US livestock pharmaceutical company, obtained FDA approval for their product: Aivlosin Water Soluble Granules (WSG). This product contains 62.5% w/w tylvalosin as tylvalosin tartrate and is intended for female swine intended for breeding, encompassing replacement gilts, pregnant sows, lactating sows, and weaned sows. Aivlosin, an antimicrobial medication, can only be prescribed by licensed veterinarians and the recommended dosage is 50 ppm tylvalosin administered in drinking water for five consecutive days. This approval broadens its application to managing diseases such as porcine proliferative enteropathy and swine respiratory disease in breeding females during disease outbreaks.
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Which regions are most influential in expanding the farm animal drugs market?
Asia-Pacific was the largest region in the farm animal drugs market in 2024. The regions covered in the farm animal drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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