Press release
Global Farm Animal Healthcare Market Projected to Surpass $29.9 Billion by 2029 with 0.0750327252566754% Annual Growth
Farm Animal Healthcare Market
The farm animal healthcare market is anticipated to grow in line with the rise in livestock. Livestock involves agricultural animals such as cows, horses and pigs that are tended, bred and utilized by humans. With any increase in livestock, the demand for farm animal healthcare services rises correspondingly to safeguard against diseases including swine flu and avian flu that can spread to humans, farm workers and veterinary practitioners. For instance, The United States Department of Agriculture revealed in September 2023 that cattle production is set to increase by 1% in 2023. Predictions have been made for higher cattle slaughter rates in 2023 and 2024, with an expected rise in beef production by eight per cent in 2023 and two per cent in 2024. Brazil is set to retain its position as the leading exporter of beef globally, with expected exports of 3.35 MMT CWE in 2023 and 3.40 MMT CWE in 2024, constituting 30% of Brazil's output. Consequently, the growth of the farm animal healthcare market is propelled by expanding livestock populations.
Get Your Farm Animal Healthcare Market Report Here:
https://www.thebusinessresearchcompany.com/report/farm-animal-healthcare-global-market-report
What is the projected compound annual growth rate (CAGR) of the farm animal healthcare market from 2025 to 2034, and what factors influence it?
The market for healthcare in farm animals has been experiencing substantial growth in recent years. The market size is slated to surge from $21.02 billion in 2024 to $22.38 billion in 2025, making it a compound annual growth rate (CAGR) of 6.5%. Factors such as disease outbreaks, regulatory assistance, an uptick in livestock numbers, as well as growing awareness and educational efforts have largely contributed to this impressive growth during the historical period.
In the coming years, the market size of farm animal healthcare is projected to experience significant expansion. It is anticipated to reach $29.89 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%. The factors contributing to this growth in the forecast period include global food demand, a trend towards preventive healthcare, the use of precision farming technologies, environmental considerations, and economic factors. During the forecast period, notable trends will include the adoption of digital health solutions, advancements in biotechnology, the implementation of eco-friendly practices, the use of nutraceuticals and functional feed, as well as collaborations and partnerships.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7816&type=smp
How are the latest trends influencing the growth of the farm animal healthcare market?
Swift advancements in technology have emerged as a significant trend influencing the farm animal healthcare market. Key players in this sector are tirelessly working on new tech inventions to cater to consumer needs and solidify their market stance. For example, in June 2023, Merck & Co., Inc. rolled out INNOVAX-ILT-IBD - a dual-construct HVT vaccine aimed at enhancing poultry healthcare, providing prolonged protection against infectious bursal disease (IBD), infectious laryngotracheitis (ILT), and Marek's disease (MD). Contrary to having a single ILT glycoprotein insert, INNOVAX-ILT-IBD features two. Additionally, clinical trial outcomes show that immunity against INNOVAX-ILT-IBD is quick to develop and lasts considerably long. INNOVAX-ILT-IBD can be given subcutaneously (on the first day) or in Ovo (roughly after 18 days of incubation) to layers, breeding flocks, and hatched chickens, bolstering their defense early in life.
What are the major segments of the farm animal healthcare market and their role in driving growth?
The farm animal healthcare market covered in this report is segmented -
1) By Product: Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Other Products
2) By Application: Cattle, Swine, Poultry, Fish, Sheep
3) By End User: Reference Laboratories, Point-Of-Care Testing Or In-House Testing, Veterinary Hospitals And Clinics, Other End Users
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Recombinant Vaccines
2) By Parasiticides: Endoparasiticides (internal parasites), Ectoparasiticides (External Parasites), Combination Products
3) By Anti-Infectives: Antibiotics, Antifungals, Antivirals
4) By Medical Feed Additives: Probiotics, Prebiotics, Nutraceuticals, Enzymes
5) By Other Products: Hormones, Pain Management Products, Diagnostic Products
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7816
Which regions are key players in the growth of the farm animal healthcare market?
North America was the largest region in the farm animal healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the farm animal healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the farm animal healthcare market?
Major 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, Hester Biosciences Limited, Elanco Animal Health Incorporated, Biogenesis Bago SA, Animalcare Limited, Bimeda Inc., Eco Animal Health Pvt. Ltd., Dechra Pharmaceuticals PLC, Hipra, Huvepharma Inc., Indian Immunologicals Limited, Jurox Pty Ltd., Kyoritsu Seiyaku Corporation, Neogen Corporation, Phytobiotics Futterzusatzstoffe GmbH, Vaxxinova International BV, Wedgewood Pharmacy, Orion Pharma Animal Health, Kane biotech Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7816&type=smp
What Is Covered In The Farm Animal Healthcare Global Market Report?
•Market Size Forecast: Examine the farm animal healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the farm animal healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the farm animal healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the farm animal healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the farm animal healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the farm animal healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the farm animal healthcare market.
•Competitive Landscape: Review strategic developments in the farm animal healthcare market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Healthcare Market Projected to Surpass $29.9 Billion by 2029 with 0.0750327252566754% Annual Growth here
News-ID: 3882284 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
