Press release
Global Poultry Healthcare Market to Reach $13.64 Billion by 2029, Growing at 10.03% CAGR
How Are the key drivers contributing to the expansion of the poultry healthcare market?The escalating occurrence of poultry disease epidemics is anticipated to surge the growth of the poultry healthcare market. The United States Department of Agriculture (Animals and Plants Inspection Service), a Federal bureau based in the US, stated that the outbreak of the highly pathogenic avian influenza (HPAI) in FY (2022-2023) is unprecedented in both its size and duration in the history of the United States. The initial case of the HPAI outbreak for 2022-2023 was identified in February 2022. By August 2023, the National Veterinary Services Laboratory (NVSL) verified 839 instances, impacting approximately 58.8 million birds. As such, the ascending frequency of disease epidemics is catalyzing the expansion of the poultry healthcare market.
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What growth opportunities are expected to drive the poultry healthcare market's CAGR through 2034?
Over the past few years, the poultry healthcare market size has experienced swift expansion. Projected growth is from $8.44 billion in 2024 to $9.31 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.2%. The market expansion during this historical period can be ascribed to disease epidemics, rising poultry production, the globalization of poultry commerce, and regulatory adherence.
The market size of poultry healthcare is predicted to experience significant expansion in the upcoming years, with an estimated worth of $13.64 billion in 2029 and a compound annual growth rate (CAGR) of 10.0%. This anticipated growth during the forecast period is a result of factors such as increased global consumption of poultry, an emphasis on preventive healthcare, environmental considerations, the incorporation of digital technologies and increased consumer awareness and demand. Technological incorporation, biosecurity protocols, tailored nutrition schedules, international collaboration for disease monitoring, digital health documentation, and market amalgamation are among the key trends predicted during the forecast period.
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What are the emerging trends shaping the future of the poultry healthcare market?
Innovative vaccines such as the INNOVAX-ILT-IBD vaccine are being developed by large corporations in the poultry healthcare industry. They aim to provide more effective protection against multiple illnesses and boost the health of the flock, thereby improving the efficiency of poultry production. For example, the INNOVAX-ILT-IBD vaccine was launched by MSD Animal Health, a US Veterinary Pharmaceuticals and Animal Health industry, in June 2023. This ground-breaking vaccine aims to shield poultry from three major diseases - infectious laryngotracheitis (ILT), infectious bursal disease (IBD), and Marek's disease (MD) - with just one dose. This marks a significant advancement in poultry healthcare, delivering extensive protection from a multitude of viral hazards.
Which growth-oriented segments of the poultry healthcare market are leading the industry's development?
The poultry healthcare market covered in this report is segmented -
1) By Product: Vaccines, Parasiticides, Anti Infectives, Medical Feed Additives
2) By Test: ELISA, PCR, Molecular Diagnostic test, Laboratory Test
3) By Application: Farm, House
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines
2) By Parasiticides: Endoparasiticides, Ectoparasiticides, Broad-Spectrum Parasiticides
3) By Anti-Infectives: Antibiotics, Antifungals, Antivirals
4) By Medical Feed Additives: Antibiotic Growth Promoters (AGPs), Probiotics, Prebiotics, Nutritional Supplements
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What regions are leading the charge in the poultry healthcare market?
North America was the largest region in the poultry healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the poultry healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the poultry healthcare market?
Major companies operating in the poultry healthcare market include Ceva Polchem Pvt. Ltd., Zoetis Inc., Venky's Ltd., Phibro Animal Health Corporation, Merck & Co Inc., C. H. Boehringer Sohn AG & Co. KG, Hester Biosciences Limited, Romvac Company S. A., Bayer AG, Indovax Pvt. Ltd., Affini Technology Limited, Bimeda Inc., IndexxLaboratories Inc., BioChek B. V., BioinGentech, MEGACOR Handel mit Medizintechnik u Diagnostika GmbH, Thermo Fisher Scientific Inc., Provet Pharma Private Limited, Anitox Corp., Aviagen Inc., Cobb-Vantress Inc., Hendrix Genetics BV, Hubbard LLC, Hy-Line International, Novogen, Lohmann Tierzucht, Romer Labs Pte Ltd.
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What Is Covered In The Poultry Healthcare Global Market Report?
•Market Size Forecast: Examine the poultry healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the poultry healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the poultry healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the poultry healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the poultry healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the poultry healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the poultry healthcare market.
•Competitive Landscape: Review strategic developments in the poultry healthcare market, including expansions, agreements, and new product launches.
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