According to the latest report by IMARC Group "India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India animal health market size reached INR 73.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 120.3 Billion by 2028, exhibiting a CAGR of 8.94% during 2023-2028.
What is Animal Health?
Animal health involves regular tracking and providing adequate care to domesticated animals or livestock. It includes the development of feed additives, pharmaceuticals, veterinary drugs, pesticides, and biologics. Furthermore, animal health services also ensure a constant food supply and prevent various zoonotic diseases, such as feline leukemia, animal flu, tick infestation and Lyme disease, caused by viruses, parasites, and bacteria.
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What are the growth prospects and trends in the India Animal Health industry?
The increasing prevalence of zoonotic ailments and a significant growth in the veterinary pharmaceutical industry are primarily driving the India animal health market. Furthermore, the rising integration of IoT with animal health monitoring solutions, along with the growing usage of mobile sensors and wearables to monitor animal behavior and health, are providing a thrust to the market. Additionally, the increasing adoption of feed additives, which helps in improving the overall animal health while enhancing the quality of products, including milk, eggs, and meat, is further catalyzing market growth. Moreover, the Government of India is undertaking extensive R&D activities in the field of animal health to create awareness for disease control and provide effective treatments. All the factors mentioned above will continue to propel the India animal health market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Animal Type
- Commercial
- Companion
Market Breakup by Product Type
- Anti-Bacterial/Antibiotic
- Anti-Chronic Respiratory
- Anticoccidials
- Dewormers/Antihelmintics
- Disinfectants
- Enzymes
- Fly-Binder/Control
- Growth Promoters
- Gut Health (also includes probiotics, prebiotics)
- Liver Tonics
- Nutritional Supplements
- Toxin Binders / Immunomodulators / Mold inhibitors
- Vaccines
- Vitamins/ Minerals/ Amino Acids
- Diagnostics
Market Breakup by Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies and Drug Stores
- Others
Market Breakup by Region
- Uttar Pradesh
- Rajasthan
- Madhya Pradesh
- Bihar
- Andhra Pradesh
- Gujarat
- Others
Who are the key players operating in the industry?
The report covers the major market players including:
- Bayer CropScience Limited
- Boehringer Ingelheim Animal Health
- Cargill India Pvt. Ltd.
- Merck
- Ceva Sante Animale
- Elanco India Private Limited
- Virbac Animal Health India Pvt Ltd.
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