Global Animal Healthcare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Animal Healthcare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Animal Health is a concept in Agricultural Science that ensures farm animals are healthy, free from diseases and well catered for. Animal health is very important because healthy animals make the world a better place. Animals play significant roles in the lives of people and communities through being livestock for food production and pets for companionship.

Animal healthcare is an act of preserving, guiding and protecting animals from diseases and providing them needful veterinary services with the aim of increasing their lifespan and yield.

Market Overview:

The latest research study on the global Animal Healthcare market finds that the global Animal Healthcare market reached a value of USD 45581.12 million in 2022. It’s expected that the market will achieve USD 61152.9 million by 2028, exhibiting a CAGR of 5.02% during the forecast period.

Drivers

As the demand for animal-derived proteins grows, the trend towards commercial farming of dairy cows and beef cattle and companion animals is increasing. However, as the prevalence of animal diseases increases, food animals cause an increase in the incidence of human zoonotic diseases, which will inhibit industry growth.

The rising prevalence of infectious and parasitic diseases has led regulators to mandate immunization of their peers. Modern medicine related to technology focuses on improving animal health and livestock production. The growing concern about zoonotic diseases affecting humans and animals has had a huge impact on the economies of countries around the world. It has led to concerns about improving food quality and safety and ensuring that effective health care products reduce the impact on the global economy.

Limitations

More and more meat consumption, especially chicken and pork consumption, increases exposure to dangerous foodborne pathogens. E. coli and Salmonella infections cause serious illnesses in the human population, sometimes even fatal, which is possible in intensive production systems. In addition, there is a risk of emerging influenza strains due to long-distance transport of animals. These farms are usually located in the same area and concentrate on restricted animals, which may increase the risk of avian flu transfer to pigs. Reclassification of the virus may result in new strains and lead to human infection. In addition, these farms increase the risk of spreading and mixing the virus strain. Intensive farm practices lead to the risk of these bacteria in food, as it is emphasized that animals become more susceptible to infection.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (33.21% in 2021).

Company Overview:

Zoetis is one of the major players operating in the Animal Healthcare market, holding a share of 15.26% in 2022.

Zoetis

Zoetis discovers, develops, manufactures, and markets veterinary vaccines and medicines in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses.

Nutreco N.V.

Nutreco N.V. produces and sells a range of nutritional products for poultry, pigs, ruminants, companion animals, and other livestock animals, as well as for fish and shrimp. The company operates through three segments: Animal Nutrition, Fish Feed, and Compound Feed & Meat Iberia.

Segmentation Overview:

By type, Feed Additives segment accounted for the largest share of market in 2021.

Pharmaceutical

Animal pharmaceuticals are primarily used to treat or prevent diseases or infections. Veterinarians diagnose and treat animals with pharmaceuticals in a broad range of categories, including anti-parasitic drugs, anti-inflammatory medications, anesthetics, pain medications, antibiotics, and specialized products for managing reproductive, cardiovascular, or metabolic conditions.

Animal pharmaceuticals come in a variety of forms to allow the owner or veterinarian to administer the needed medications, including pills, liquids, injections, powders, “drenches” (drenching the animal in a liquid form of the pharmaceutical).

Feed Additives

Feed additives are the add-ons to the feed for animals that are intended to improve the quality of feed and other nutritional aspects for better animal health and performance. Additives can improve production levels, efficiency of animals along with their health. Medicated feed additives are appropriate for cattle cow-calf and for stocker grazing along with other various types of animals that can fulfill human demand for food, milk and other agricultural operations. The primary use of medicated feed additives is to maintain animal health and promoting better growth and feed efficiency. However, the medicated feeds should be manufactured with proper terms with valid prescription and should be withdrawn accordingly if shows un-appropriate growth symptoms. Some feed additives may also affect the incidence of bloat or coccidiosis. Other feed additives also suppress estrus and reduce liver abscesses. There are various types if medicated feed additives available that varies in the action of the ingredients on the body. For instance, there are rumen fermentation modifiers such as ionophores, buffers, yeast cultures and bloat prevention aid. They further contain various chemicals and naturally extracted ingredients used as medicated feed such as sodium bicarbonate and saccharomyces cerevisiae respectively.

Vaccines

Animals receive vaccines for the same reason that humans do: to prevent diseases. Vaccinating animals reduces animal suffering, reduces the transmission of microorganisms in the animal population, and is often more affordable than paying for the treatment of sick animals. Pets receive vaccines for infectious diseases such as rabies, parvovirus, distemper, and hepatitis.
Livestock animals like turkeys, chickens, cattle and pigs are vaccinated to protect against diseases like rotavirus, E. coli, pinkeye, and brucellosis. Vaccinations keep individual animals, flocks and herds, and people healthy.

Application Overview:

The market's largest segment by application is the segment Farm Animals, with a market share of 62.21% in 2021.

Farm Animals

Farm animals are animals that are kept for agricultural purposes. This includes such domesticated animals as cows and chickens, and wild animals that are raised in confinement, including mink and fish. These animals produce something of value to humans, such as milk, eggs, wool, or honey, or are farmed for their skills, such as horses, mules, and burros.

Companion Animals

Companion animal is an animal kept primarily for a person's company, protection, or entertainment rather than as a working animal, livestock, or laboratory animal. Popular pets are often noted for their attractive appearances, intelligence, and relatable personalities.

Key Companies in the global Animal Healthcare market covered in Chapter 3:

Virbac
Zoetis
Neogen
Dechra Pharmaceuticals
Bayer
Evonik Industries
Boehringer Ingelheim
Ceva Sante Animale
Merck
Eli Lilly and Company
Phirbo Animal Health
Cargill
Vetoquinol
Nutreco N.V.

In Chapter 4 and Chapter 14.2, on the basis of types, the Animal Healthcare market from 2018 to 2029 is primarily split into:

Pharmaceutical
Feed Additives
Vaccines
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Animal Healthcare market from 2018 to 2029 covers:

Farm Animals
Companion Animals

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)