According to the latest report by IMARC Group “India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The India animal health market is expected to grow at a CAGR of 8.7% during 2021-2026.
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.
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 the 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.
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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.
Bayer, Boehringer Ingelheim Animal Health, Cargill, Merck, Ceva Sante Animale, Elanco, Merial, Virbac
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India Animal Health Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis of Animal Type, Product Type, Distribution Channel and Region.
Market Breakup by Animal Type
Market Breakup by Product Type
2 Anti-Chronic Respiratory
8 Growth Promoters
9 Gut Health (also includes probiotics, prebiotics)
10 Liver Tonics
11 Nutritional Supplements
12 Toxin Binders / Immunomodulators / Mold inhibitors
14 Vitamins/ Minerals/ Amino Acids
Market Breakup by Distribution Channel
1 Veterinary Hospitals
2 Veterinary Clinics
3 Pharmacies and Drug Stores
Market Breakup by Region
1 Uttar Pradesh
3 Madhya Pradesh
5 Andhra Pradesh
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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