Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Are The Past & Future Projections for the Farm Animal Healthcare Market?
The farm animal healthcare market has seen robust growth in recent years. In 2024, it was valued at $21.02 billion, growing to $22.38 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. This growth is attributed to disease outbreaks, regulatory support, increasing livestock population, awareness, and education.
Looking ahead, the market is set to continue its upward trend, reaching an estimated $29.89 billion in 2029 at a CAGR of 7.5%. Factors contributing to this forecasted growth include increasing global food demand, a trend towards preventive healthcare, advancements in precision farming technologies, environmental concerns, and economic factors. Key trends predicted for the coming years include digital health solutions, advances in biotechnology, eco-friendly practices, nutraceuticals and functional feeds, and collaborations & partnerships.
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What Are the Key Drivers in the Farm Animal Healthcare Market?
A significant driver in the farm animal healthcare market is the rising livestock population. Livestock, such as cows, horses, and pigs, play a crucial role in agriculture, and an increasing livestock population necessitates a proportional increase in farm animal healthcare services to protect these animals from diseases like swine flu and avian flu, which can also infect humans. For instance, according to The United States Department of Agriculture, cattle production was expected to increase by 1% in 2023, with beef production forecasted to rise by eight per cent that year.
What Categories and Segments Comprise the Farm Animal Healthcare Market?
– By Product: Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Other Products
– By Application: Cattle, Swine, Poultry, Fish, Sheep
– By End User: Reference Laboratories, Point-Of-Care Testing or In-House Testing, Veterinary Hospitals and Clinics, Other End Users
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Who Are the Major Players in the Farm Animal Healthcare Market?
Key companies operating in the farm animal healthcare market include Bayer AG, C. H. Boehringer Sohn AG & Co. KG, Ceva Santé Animale, Merck & Co. Inc., Virbac Corporation, Zoetis Inc., Vetoquinol Animal Health Pvt. Ltd., Norbrook Laboratories, Alivira Animal Health Limited, Phibro Animal Health, Intas Pharmaceuticals Limited, and Hester Biosciences Limited among others.
What Are the Materializing Trends in the Farm Animal Healthcare Market?
Rapid technological advancements have emerged as a key trend in the farm animal healthcare market. Major companies are focused on developing new technologies to meet consumer demand and strengthen their market position. For instance, in June 2023, Merck & Co., Inc. launched INNOVAX-ILT-IBD, a dual-construct vaccine for poultry healthcare offering sustained protection against various diseases.
Which Region Holds the Highest Share in the Farm Animal Healthcare Market & Which Is Anticipated to Grow Fastest?
North America dominated the farm animal healthcare market in 2024, but the Asia-Pacific region is projected to be the fastest-growing region. The market report includes a thorough regional analysis, covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Farm Animal Healthcare Market Report 2025 Offer?
Farm animal healthcare services are proactive measures that outline steps for disease prevention, identification, and management, promoting the health and welfare of farm animals. These services aim to keep disease, injury and mortality among farmed animals to a minimum. The Farm Animal Healthcare Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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