Indian Animal Health Industry on High Growth Trajectories Projected to reach US$2 billion by 2034 | Exclusive Report by Transparency Market Research Inc.
The Indian animal health market has grown significantly, driven by a growing livestock population, increased ownership of pets and increased awareness of animal health. The main factors include government initiatives to increase livestock productivity and increase the prevalence of zoonotic diseases. Key players such as Zoetis, Elanco and Virbac are key innovations in the sector.
Wilmington, Delaware, Transparency Market Research Inc. – February 6, 2025 (Globe Newswire) – Indian Animal Health Market is growing in livestock population, increasing pet ownership and increasing awareness of animal health It has experienced significant growth to this point. In 2023, the market will be valued at US$0.6 billion, with forecasts showing that by 2034 reaching US$2 billion, growing at an impressive 11.5% CAGR.
Key growth drivers include government initiatives to increase livestock productivity, increased prevalence of zoonotic diseases, and increased demand for high-quality animal proteins. Key players such as Zoetis, Elanco and Virbac are leading innovations to address the diverse needs of the Indian animal health sector. This report explores emerging market trends, regional insights and growth opportunities in this rapidly evolving industry.
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Indian Animal Healthcare Market is Ready for Strong Growth Amid the Rise of Livestock and Increased Pet Care Demand
The growth of the Indian animal healthcare market is driven by the need to increase livestock productivity, prevent zoonotic diseases, and meet the increased demand for animal protein. Furthermore, the growing trend in humanising of pets and the increased adoption of companion animals have contributed significantly to the market expansion.
Technological advancements and government initiatives play a pivotal role in shaping the market. Focusing on improving animal health through vaccination programs, disease surveillance and livestock insurance systems, it drives demand for veterinary medicines, vaccines and diagnosis.
Furthermore, the rise of telehealth and digital platforms for animal medical care have changed how veterinarians and pet owners access them, ensuring timely and efficient care.
Industry overview
The Indian Animal Health Market includes a wide range of products and services, including veterinary medicines, vaccines, feed additives, and diagnostics. The livestock segment dominates the market and is driven by the need to improve milk, meat and egg production, accounting for 65% of revenue. However, the companion animal segment is growing rapidly, promoting urbanization, increased disposable income and increased awareness of pet health.
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Key Player
Renowned animal health providers Are-Alivira Animal Health Limited (Sequent Scientific Limited), Alltech Biotechnology Pvt. Ltd., Ashish Life Science Pvt. Limited, Century Pharmaceuticals Ltd, GMT Pharma International, Hester Biosciences Ltd., Inmed Animal Health. (Inmed Therapeutics India), Intas Animal Health, Iskon Remedies, Megha Biotech, Sriwalls Healthcare, Vee Remedies, Venkateshwara Hatcheries P rivate Limited, Vetnation, Virbac, Zenex Animal Health India Private, Zovix Pharmaceuticals, and more.
Recent developments
Zoetis India: launched a new range of vaccines for poultry and poultry in 2023, targeting major diseases such as mouth and bird flu.
Elanco India: New parasites are introduced in companion animals to address the growing demand for pet care solutions.
Virbac India: Expanded our product portfolio with advanced wound care solutions for livestock, increasing recovery and productivity.
Boehringer Ingelheim India: Partnered with local governments to implement cattle and poultry vaccination drives to reduce the incidence of disease.
Hester Biosciences: Invested in R&D to develop a heat-stable vaccine that caters to the tropical climate of India.
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Market growth and scope
The Indian animal healthcare market is growing significantly, driven by several key factors. The country's substantial livestock population, particularly its position as one of the world's leading milk and meat producers, highlights the important needs of comprehensive animal health services.
Additionally, the surge in pet ownership has led to an increased demand for veterinary care and related products, as more than 30 million households have pets, primarily dogs and cats. Government initiatives such as the National Animal Disease Control Program (NADCP) are further driving markets by strengthening vaccination and disease prevention efforts.
The market range is broad and covers livestock health, accounting for around 65% of the market share, 25% companion animal care, and 10% aquaculture. In particular, the feed additive segment is experiencing rapid growth and focuses on improving animal nutrition and productivity.
Best market trends
Several notable trends have shaped the market situation. Digital transformation of animal healthcare will become apparent through the adoption of telehealth and mobile applications, facilitating veterinary consultation and pet care management.
The focus is on preventive care, increasing use of vaccines and diagnostics, and avoiding disease outbreaks in both livestock and pets. Additionally, sustainability has become a focus thanks to the development of environmentally friendly feed additives and biodegradable packaging for veterinary products.
Collectively, these drivers and trends highlight India's dynamic and expanding veterinary health market, providing great opportunities for stakeholders across the industry.
Regional and Segment Analysis
Product Type
Treatment
vaccine
Live attenuated vaccine
Inactive vaccines
Other vaccines
Veterinarian
Parasite
Medical feed additives
Other treatments
diagnosis
residents
Animal type
Dogs and cats
Cattle (cow, buffalo, etc.)
Pig (Pig)
Overne (sheep, goat)
poultry
horse
Other (antiminants, aquaculture, etc.)
Distribution Channel
Covered areas
North India
East India
West India
Central India
Northeast India
Future outlook
The Indian Animal Health Market is a key component of the country's agriculture and healthcare sector and offers immeasurable growth potential. With increasing investments in R&D, government support and technological advancements, the market is set up to transform animal health management. Stakeholders and investors need to focus on innovative solutions and regional expansion to capitalize on this $2.1 billion opportunity.
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Frequently Asked Questions (FAQ) – Indian Animal Health Market
Q1. What is driving the growth of the Indian Animal Health Market? Government initiatives to increase livestock population, increase pet ownership and improve animal health.
Q2. Which segments dominate the market? Livestock segments are driven by the need to enhance milk, meat and egg production.
Q3. What are the challenges in this market? Access to rural veterinary services is limited and the high cost of advanced care is high.
Q4. How is technology affecting the market? Telemedicine, mobile apps and digital platforms are improving access to veterinarian care and diagnosis.
Q5. What will be the CAGR of the Indian Animal Health Industry during the forecast period? India's CAGR animal health industry is expected to reach 11.5% from 2024 to 2034
Q6. Which regions will make up the majority of the veterinary medicine sector during the forecast period? North America is expected to account for the largest share from 2024 to 2034.
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