India Animal Health Market Growth, Trends, Size and Forecast 2022-2027
According to the latest report by IMARC Group "India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The India animal health market reached a value of INR 67.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 114.12 Billion by 2027, exhibiting a CAGR of 9.52% during 2022-2027.
Animal health refers to the regular monitoring of the health of livestock and domesticated creatures. It involves the development of pesticides, feed additives, veterinary drugs, pharmaceuticals, and biologics. Animal health aids in ensuring a constant food supply and preventing the outbreak of various zoonotic illnesses, such as animal flu, Lyme disease, feline leukemia, and tick infestation caused by bacteria, viruses, and parasites. In addition, it also assists in reducing the chances of inter-species infection among animals. As a result, animal health products are widely available across veterinary hospitals and clinics, pharmacies, and drug stores across the country.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Animal Health Market Trends and Drivers:
The escalating creature aging has led to a rise in the risk of obesity, osteoarthritis, tumors, cardiovascular diseases (CVDs), diabetes mellitus, hepatic, renal diseases, etc., which is among the primary factors driving the India animal health market. Besides this, the launch of favorable policies by the government bodies to create awareness about the One Health (OH) approach, which recognizes that public health is connected with animal health, is further augmenting the market growth. Moreover, several technological advancements, including the integration of the internet of things (IoT) with animal health monitoring solutions and the expanding veterinary pharmaceutical industry, are also catalyzing the market across India. Apart from this, the emerging trend of pet humanization, the rising awareness among the masses toward creature health through print and electronic media, and the inflating income levels are acting as significant growth-inducing factors. Furthermore, the elevating requirement for feed additives, which aid in improving overall health and enhancing the quality of the produce, such as milk, meat, and eggs, is expected to bolster the India animal health market in the coming years.
Report 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
Competitive Landscape
- 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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