Press release
Global Farm Animal Drug Market Poised for Strong Growth, Projected to Reach USD 33,211.3 Million by 2034
The global farm animal drug market is experiencing significant growth and is projected to reach a market value of USD 19,442.9 million by the end of 2024. Recent forecasts indicate the market will continue its expansion at a steady Compound Annual Growth Rate (CAGR) of 5.5% from 2024 to 2034, with a projected market valuation of USD 33,211.3 million by 2034.Key Industry Developments:
While the market is on a growth trajectory, it faces mounting concerns regarding side effects from farm animal drugs. These concerns have prompted industry-wide reflection and action. In particular, farmers in underdeveloped regions remain largely unaware of prevalent diseases in livestock, often resorting to home remedies rather than regulated treatments. This practice, coupled with the growing fears surrounding antibiotic resistance, is hindering the industry's ability to fully capitalize on its growth potential.
Discover How Market Trends Are Shaping Industries: Access Your Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-2402
Innovations Leading the Charge:
To address these health concerns, the industry is seeing notable innovations in farm animal drugs. Technological advancements, including the introduction of monoclonal antibodies, stem cell therapies, and digital technologies, are opening new avenues for treatment. Additionally, there has been a surge in the production of anti-infective drugs, a direct response to the rising threat of antimicrobial resistance (AMR). These innovations are crucial in ensuring farm animal health and productivity while mitigating the risks posed by AMR.
The Growing Threat of Antimicrobial Resistance (AMR)
The industry is increasingly concerned about the implications of antimicrobial resistance, which has the potential to severely impact farm animal health. Infections caused by AMR can lead to prolonged hospital stays, reduced surgical protections, and increased treatment costs. These complications threaten not only the health of farm animals but also the profitability and sustainability of the agricultural sector.
As the global farm animal drug market evolves, it is critical that stakeholders address these challenges head-on. There is a pressing need for increased awareness of AMR, along with continued investment in innovative solutions and regulatory frameworks that prioritize both animal health and sustainable practices.
The future of the farm animal drug market depends on balancing the need for pharmaceutical advancements with responsible health practices. With the right combination of innovation, education, and regulation, the industry can overcome current challenges and continue to thrive in the years to come.
Key Takeaways from the Farm Animal Drug Market:
• The farm animal drug market is expected to register a CAGR of 5.5%, reaching a valuation of US$ 33,211.3 million by 2034.
• The anti-infective segment is anticipated to dominate the market, holding a market share of 37.7% in 2024.
• The market in the United States is estimated to surge at a CAGR of 5.7% through 2034.
• The market in Germany is estimated to rise at a CAGR of 4.6% during the forecast period.
• The market in the United Kingdom is predicted to develop at a CAGR of 5.3% between 2024 and 2034.
Discover the Rising Demand for Farm Animal Drug: Dive into Our Full Report for Detailed Trends and Insights! https://www.pharmiweb.com/press-release/2024-06-17/global-farm-animal-drug-market-forecasted-to-surge-usd-33-2113-million-by-2034-at-a-cagr-of-55
Competitive Landscape:
The farm animal drug market is dynamic and diverse, with established players competing for maximum market share by introducing advanced product lines. Manufacturers have gained consumer trust in recent years by conducting surveys and campaigns in villages to understand farmers' concerns regarding animal drugs.
Recent Development:
In 2024, the major breakthrough was achieved by the Indian Council of Agricultural Research (ICAR) in the fight against the Lumpy Skin Disease (LSD) virus, which has caused significant damage to the country's livestock. The council plans to launch a commercially viable vaccine, which has been indigenously developed to tackle the deadly virus. The livestock industry is set to benefit significantly from this vaccine, as it is expected to reduce animal mortality rates and bring down the incidence of LSD infection.
Leading Farm Animal Drug Brands:
• Bayer AG
• Boehringer Ingelheim GmbH
• Zoetis, Inc.
• Ceva Santé Animale
• Dechra Pharmaceuticals PLC
• Elanco Animal Health (Sub. Eli Lilly)
• Merck Animal Health
• Virbac SA
• Vetoquinol SA
• Intas Animal Health
• Alembic Animal Health
• Sequent Scientific
• Hester Biosciences
• Ashish Life Sciences
• Ouro Fino Saude Animal (Ourofino)
• Zydus Animal Health (Sub. Cadila Healthcare Ltd)
• Phibro Animal Health Corporation
• Nippon Zenyaku Kogyo Co., Ltd
• Norbrook
• Kyoritsu Seiyaku Corporation
Key Segments of Market Report:
By Product:
Depending on the product type, the sector is categorized into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones, and related products. Moreover, parasiticides are further divided into endo-parasiticides, ecto-parasiticides, and endectocides.
By Animal Type:
The animal type segment is bifurcated into livestock animals and equine. Livestock animals include ruminants, swine, and poultry.
By Route of Administration:
Route of administration of farm animal drugs include oral, parenteral, topical, and others.
By Distribution Channel:
Farm animal drugs are distributed through veterinary hospitals, veterinary clinics, pharmacies drug stores, and other channels.
By Region:
Regional analysis of the industry is conducted in North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐌𝐈'𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐃𝐨𝐦𝐚𝐢𝐧:
Ovulation Test Kit Market https://www.fmiblog.com/2024/11/26/global-ovulation-test-kit-market-set-to-soar-with-steady-growth-projected-to-reach-usd-450-million-by-2032-a-focus-on-womens-health-and-family-planning-fmi/
Legionnaire Disease Testing Market https://www.fmiblog.com/2024/11/27/global-legionnaire-disease-testing-market-poised-for-remarkable-growth-projected-to-reach-usd-819-5-million-by-2032/
Ultrasound-Guided Breast Biopsy Market https://www.fmiblog.com/2024/11/27/global-ultrasound-guided-breast-biopsy-market-poised-for-significant-growth-projected-to-reach-usd-1090-million-by-2032/
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Farm Animal Drug Market Poised for Strong Growth, Projected to Reach USD 33,211.3 Million by 2034 here
News-ID: 3791969 • Views: …
More Releases from Future Market Insights Inc

North America Underground Mining Vehicle Market Poised for Substantial Growth, D …
The North America Underground Mining Vehicle Market is set for robust expansion, with its valuation expected to climb from USD 5.5 billion in 2025 to USD 9.8 billion by 2035, registering a strong Compound Annual Growth Rate (CAGR) of 6.0% over the forecast period. This significant growth is primarily fueled by a surge in mineral exploration, a heightened industry focus on worker safety, and accelerating investment in vehicle automation and…

Bicycle Frames Market Set to More Than Double, Driven by E-Bikes and High-Perfor …
The global Bicycle Frames Market is poised for significant expansion, with a new market report projecting a surge in value from USD 23.5 billion in 2025 to an estimated USD 62.1 billion by 2035. This robust growth forecasts a Compound Annual Growth Rate (CAGR) of 10.2%, multiplying the market size by approximately 2.6 times over the decade, according to the latest industry outlook.
This strong market momentum is closely linked to…

Track Geometry Measurement System Market Surges: Projected to Hit USD 6.9 Billio …
The global Track Geometry Measurement System (TGMS) Market is poised for significant expansion, with its valuation expected to nearly double from an estimated USD 3.8 billion in 2025 to a projected USD 6.9 billion by 2035, marking a robust Compound Annual Growth Rate (CAGR) of 6.0% over the forecast period. This strong growth is primarily driven by escalating global investment in railway safety, modernization, and the critical expansion of high-speed…

Windscreen Adhesives Market to Hit USD 6.7 Billion by 2035, Driven by Automotive …
The global Windscreen Adhesives Market is poised for substantial growth, projecting a market value of USD 6.7 billion by 2035, up from an estimated USD 3.3 billion in 2025. This robust expansion represents a compelling Compound Annual Growth Rate (CAGR) of 7.4% over the forecast period, according to a new market report.
The surge in demand is fundamentally rooted in the increasing global production of vehicles, stricter automotive safety regulations, and…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market
Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,…
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report…