Global Farm Animal Healthcare Market Overview
Farm Animal Healthcare Market was valued at USD 22.3 Billion in 2024 and is projected to grow at a CAGR of 7.5% to reach USD 43.2 Billion by 2034.
Farm animals, such as chickens, sheep, goats, and pigs are social, living in groups, often with a fixed hierarchy. The Farm animal healthcare includes preserving, guiding and protecting animals from diseases. Farm animal's healthcare is mostly dealing with animal health, nutrition, and reproduction. Commonly animal genomics research focused on sequencing animal genomes, detecting, and cataloguing sequence variants from individual animals.
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Global Farm Animal Healthcare Market Drivers & Restraints
Farm animals have played a vital role in meeting nutritious food supplies for the global human population. With the continuous growth in world population and the economic status of people in developing countries continuing to improve, there demand animal products. Which led to increase animal farming and create huge demand for the target market. For instance, According to
fao.org Livestock accounted for around 40 % of the global value of agricultural output and support the source of revenue and food security of almost 1.3 billion people. Additionally, the rising incidence of food-borne zoonotic diseases is the major factor driving the target market growth. For instance according to cdc.gov zoonotic diseases are very common, around the world. Experts guesstimate that more than 6 out of every 10 known communicable diseases in people are spread from animals, and 3 from every 4 new infectious diseases in people are spread from animals. However, strict regulatory rules & complex procedures for obtaining approval and licensing of animal healthcare products such factor hamper the growth of the farm animal healthcare market.
Recent Development:
- In June 2023, Merck & Co., Inc. commercialized INNOVAX-LT-IBD, a dual-construct HVT vaccine for poultry healthcare. It provides long-term protection against diseases like, infectious bursal disease (BD), infectious laryngotracheitis (ILT), and Marek's disease. INNOVAX-ILT-IBD has two ILT glycoprotein inserts rather than just one. Furthermore, clinical trial data show that susceptibility to INNOVAX-LT-IBD builds in its earliest stages and persists over time.
- In April 2022, Amlan International introduced two revolutionary sustainable alternatives to antibiotics for poultry and cattle, Phylox Feed and NeutraPath, which mitigated the negative health and productivity impacts of enteric illness. This announcement helped the firm expand its extensive array of animal health feed additives, which now includes a natural alternative to anticoccidial medications and vaccinations, as well as a natural pathogen control solution for antibiotic-free production.
Global Farm Animal Healthcare Market Segmentations & Regional Insights
The Farm Animal Healthcare market is segmented based on by Product, by Animal Type, and region.
By Product, the Farm Animal Healthcare market is classified into vaccines, parasiticides, anti-infectives, medical feed additives, and other therapeutics. Vaccines are expected to dominate the segment, owing to Vaccination is a vital part to protect the farm animals from disease and possibly deaths, in several cases, globally. Also, vaccinations have been developed and well established for a wide range of diseases of farm animals. By Animal Type the global Farm Animal Healthcare market is classified into cattle, swine, poultry, aquaculture, sheep, and other farm animals.
By region, North America is expected to dominate the target market. Owing to the rising prevalence of zoonotic diseases. For instance according to cdc.gov each year, around 10,000 of Americans get affected by harmful germs spread between animals and people. Additionally, the growing animal farming and growing demand for the protein-rich diet are the major factors driving the growth for the target market in the region.
Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 22.3 billion |
|
Projected Market Size 2034 |
US$ 43.2 billion |
|
CAGR Growth Rate |
7.5% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Product – Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, and Other Therapeutics Implants. By Animal Type – Cattle, Swine, Poultry, Aquaculture, Sheep, and Other Farm Animals. |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Farm Animal Healthcare Market, By Product:
- Vaccines
- Parasiticides
- Anti-Infectives
- Medical Feed Additives
- Other Therapeutics Implants
Farm Animal Healthcare Market, By Animal Type:
- Cattle
- Swine
- Poultry
- Aquaculture
- Sheep
- Other Farm Animals
Farm Animal Healthcare Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Farm Animal Healthcare Market, By Product
- Middle East & Africa Farm Animal Healthcare Market, By Animal Type
- Middle East & Africa Farm Animal Healthcare Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Farm Animal Healthcare Market, By Product
- Latin America Farm Animal Healthcare Market, By Animal Type
- Latin America Farm Animal Healthcare Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Farm Animal Healthcare Market, By Product
- Asia Pacific Farm Animal Healthcare Market, By Animal Type
- Asia Pacific Farm Animal Healthcare Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Farm Animal Healthcare Market, By Product
- Europe Farm Animal Healthcare Market, By Animal Type
- Europe Farm Animal Healthcare Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Farm Animal Healthcare Market, By Product
- North America Farm Animal Healthcare Market, By Animal Type
- North America Farm Animal Healthcare Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Farm Animal Healthcare Market Competitive Landscape & Key Players
The key players operating the Farm Animal Healthcare market involves Bayer AG, Boehringer Ingelheim International GmbH, Ceva Animal Health Inc, Elanco, IDEXX Laboratories, Merck & Co. Inc., Phibro Animal Health, Vetoquinol, Virbac, and Zoetis Inc. Key players in the market are focusing on research and development. For instance, Boehringer Ingelheim receives endorsement for Aservo EquiHaler, industry-first therapy for severe equine asthma.
Global Farm Animal Healthcare Market Company Profile
Global Farm Animal Healthcare Market Highlights
FAQs
The Farm Animal Healthcare market is segmented into Product, by Animal Type, and region.
The market is primarily driven by factors such as the increasing awareness and emphasis on animal welfare, advancements in veterinary medicine, and the need for effective disease prevention and treatment in farm animals.
Global restraints may include challenges related to regulatory frameworks, limited awareness in certain regions, and the economic constraints faced by farmers in adopting advanced healthcare practices for animals.
The report considers regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is anticipated to dominate the market high revenue share over the forecast period.
The key players operating in the target market include Boehringer Ingelheim International GmbH, Ceva Animal Health Inc., Elanco, IDEXX Laboratories, Merck & Co. Inc., Phibro Animal Health, Vetoquinol, Virbac, and Zoetis Inc.