With 9.52% CAGR, India Animal Health Market Size to Reach INR 114.12 Billion 2022-2027
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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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:
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India animal health market, along with forecasts at the country and state level from 2022-2027. Our report has categorized the market based on animal type, product type and distribution channel.
Market Breakup by Animal Type
Market Breakup by Product Type
Gut Health (also includes probiotics, prebiotics)
Toxin Binders / Immunomodulators / Mold inhibitors
Vitamins/ Minerals/ Amino Acids
Market Breakup by Distribution Channel
Pharmacies and Drug Stores
Market Breakup by Region
Bayer CropScience Limited
Boehringer Ingelheim Animal Health
Cargill India Pvt. Ltd.
Ceva Sante Animale
Elanco India Private Limited
Virbac Animal Health India Pvt Ltd.
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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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