Farm Animal Drugs Market Size Forecasted To Achieve $26.85 Billion By 2029 With Steady Growth

The Farm Animal Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Farm Animal Drugs Market Size and Projected Growth Rate?
Over the past few years, the farm animal drugs market has seen significant growth. Expected to escalate from $19.41 billion in 2024 to $20.71 billion in 2025, it will experience a compound annual growth rate (CAGR) of 6.7%. The remarkable growth in the previous years can be linked to the heightened consumer demand for animal products, an increase in zoonotic diseases, the need for disease prevention and control, a surge in livestock farming intensity, and global population growth.

The market size of farm animal drugs is anticipated to experience substantial growth in the upcoming years. The market is projected to expand to $26.85 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.7%. The growth during the forecast period is likely due to increased awareness regarding antimicrobial resistance, the influence of climate change on livestock health, enhanced focus on animal nutrition, the rise of alternative proteins, use of phytogenic feed additives, livestock biopharmaceuticals, and digital platforms for managing farm animal health. Noteworthy trends for the forecast period encompass technology advancements in veterinary medicine, strides in precise livestock farming technologies, the application of blockchain for supply chain integrity, and the incorporation of AI and ML.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12159

What Are the Major Segments in the Farm Animal Drugs Market?
The farm animal drugs market covered in this report is segmented -

1) By Product: Anti-Infective, Parasiticides, Anti-Inflammatory, Anesthetics, Analgesics, Hormones And Related Product, Other Products
2) By Route Of Administration: Oral, Parenteral, Topical, Other Routes
3) By Distribution Channel: Veterinary Hospitals, Veterinary Clinics, Pharmacies And Drug Stores, Other Channels
4) By Animal: Livestock Animals, Equine

Subsegments
1) By Anti-Infective: Antibiotics, Antivirals, Antifungals
2) By Parasiticides: Endectocides, Anthelmintics, Ectoparasiticides
3) By Anti-Inflammatory: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Corticosteroids
4) By Anesthetics: Local Anesthetics, General Anesthetics
5) By Analgesics: Opioids, Non-Opioid Analgesics
6) By Hormones And Related Products: Reproductive Hormones, Growth Promoters, Thyroid Hormones
7) By Other Products: Vaccines, Nutraceuticals, Diagnostic Products

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12159&type=smp

What Are The Driving Farm Animal Drugs Market Evolution?
The farm animal drug market is poised to thrive in light of the rising meat consumption. This reference to meat consumption encompasses the utilization of animal flesh as a source of food, predominantly originating from domesticated sources such as poultry, swine, or bovines. Farm animal medications aid in faster animal growth and enhance the process of food to meat conversion. Consequently, the escalating meat consumption is anticipated to stimulate the demand for these drugs. Drawing from a report published in April 2023 by the United States Department of Agriculture (USDA), a US federal agency mandated to manage agricultural, food, and rural development affairs, it was noted that beef meat consumption saw an upsurge from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. Simultaneously, pork meat consumption rose from 9,918 metric tons in 2021 to 9,959 metric tons in 2022. Meanwhile, the consumption of chicken meat ascended from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. This escalating meat consumption is thus stoking the growth of the farm animal drug market.

Which Firms Dominate The Farm Animal Drugs Market Segments?
Major companies operating in the farm animal drugs market include Eli Lilly and Company, Boehringer Ingelheim GmbH, Zoetis Inc., Elanco Animal Health Incorporated, Hester Biosciences Limited, Ceva Santé Animale SA, Virbac SA, Huvepharma Inc, Phibro Animal Health Corporation, Dechra Pharmaceuticals plc, Laboratorios Hipra S.A., Norbrook Laboratories Ltd., Neogen Corporation, Ouro Fino Saude Animal Participacoes SA, Eco Animal Health Ltd, Biogenesis Bago SA, Laboratorios Calier S.A., Laboratorios Syva S.A., Jurox Pty Ltd, Kepro B.V., Kyoritsu Seiyaku Corp., Merck Animal Health, Vetoquinol SA, Nippon Zenyaku Kogyo Co. Ltd., SeQuent Scientific Limited, Agrovet Market Animal Health, Orion Pharma Animal Health, Zydus Animal Health and Investments Limited

What Trends Are Expected to Dominate the Farm Animal Drugs Market in the Next 5 Years?
Leading companies in the farm animal drugs market are concentrating their efforts on the advancement of antimicrobial medications, like water-soluble granules, specifically for female pig breeding in order to strengthen their market position. Water-soluble granules - solid, free-flowing components that easily dissolve in water - are commonly utilised for the efficient and accurate distribution of substances in a variety of uses. For instance, in October 2023, FDA approval was granted to Pharmgate Animal Health, a livestock pharmaceutical company based in the US, for their product Aivlosin Water Soluble Granules (WSG), which contain 62.5% w/w tylvalosin as tylvalosin tartrate, for the purpose of female pig breeding. This approval pertains to replacement gilts, gestating sows, lactating sows, and weaned sows, and allows for the product to be used continually at 50 ppm tylvalosin in drinking water for five uninterrupted days. Aivlosin, an antimicrobial medication, is recommended by qualified veterinarians and its approval broadens its utility to control porcine proliferative enteropathy and respiratory illness in breeding females during outbreaks.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/farm-animal-drugs-global-market-report

Which Is The Largest Region In The Farm Animal Drugs Market?
Asia-Pacific was the largest region in the farm animal drugs market in 2024. The regions covered in the farm animal drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Farm Animal Drugs Market?
2. What is the CAGR expected in the Farm Animal Drugs Market?
3. What Are the Key Innovations Transforming the Farm Animal Drugs Industry?
4. Which Region Is Leading the Farm Animal Drugs Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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.