Rising Meat Consumption Fuels Growth In The Farm Animal Drug Market: Powering Innovation and Expansion in the Farm Animal Drugs Market by 2025

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What Is the Expected CAGR for the Farm Animal Drugs Market Through 2025?
In recent times, the farm animal drugs market has seen a robust growth. The market which was valued at $19.41 billion in 2024 is forecasted to escalate to $20.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.7%. This significant growth during the historic period is a result of the surge in consumer demand for animal-based products, the increase in zoonotic diseases, the need for disease control and prevention, the intensification of livestock farming and the worldwide population increase.

What's the Projected Size of the Global Farm Animal Drugs Market by 2029?
The market size for drugs for farm animals is predicted to have a significant surge in the coming years, expanding to $26.85 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The projected expansion during the forecast period can be accredited to the elevated consciousness of antimicrobial resistance, impact of climate change on livestock wellbeing, an intensified focus on animal nutrition, the emergence of alternative proteins, the addition of phytogenic to feed, biopharmaceuticals for livestock, and the use digital platforms for managing the health of farm animals. Noteworthy trends for the forecast period involve technological progression in veterinary medicine, advancements in precision livestock farming technologies, harnessing blockchain technology for supply chain transparency, and the integration of AI and ML.

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Top Growth Drivers in the Farm Animal Drugs Industry: What's Accelerating the Market?
The surge in meat consumption is predicted to bolster the expansion of the farm animal drug market. Meat consumption, which primarily entails the consumption of animal flesh for sustenance, typically involves livestock species such as chickens, pigs, or cattle. Farm animal drugs amplify animal growth and optimize the conversion of food into meat. Thus, the uptick in meat consumption could correspondingly uplift the demand for farm animal drugs. For instance, as per the data of April 2023, divulged by the United States Department of Agriculture (USDA), a federal agency with jurisdiction over agriculture, food, and rural development, beef meat consumption displayed an increase from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. Similarly, pork meat consumption exhibited an augmentation from 9,918 metric tons in 2021 to 9,959 metric tons in 2022, and chicken meat consumption showed a notable rise from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Hence, the growing preference for meat consumption is fuelling the progress of the farm animal drug market.

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What Trends Will Shape the Farm Animal Drugs Market Through 2029 and Beyond?
Leading companies in the farm animal drugs market have set their focus on the creation of antimicrobial drugs, such as water-soluble granules made specifically for female swine breeding. This move is expected to give them a competitive advantage within the market. Water-soluble granules are firm, free-moving particles that dissolve easily in water. They are commonly used for the exact and convenient dispersion of substances across various applications. For example, in October 2023, Pharmgate Animal Health, an American livestock pharmaceutical organization, secured FDA approval for Aivlosin Water Soluble Granules (WSG). This product consists of 62.5% w/w tylvalosin as tylvalosin tartrate, designed for female swine meant for breeding. This permits its use in replacement gilts, pregnant sows, nursing sows, and weaned sows. Aivlosin, an antimicrobial drug, is prescribed solely by licensed veterinarians and is administered at a continuous rate of 50 ppm tylvalosin in drinking water for five consecutive days. This approval has broadened its use to manage porcine proliferative enteropathy and swine respiratory disease in breeding females during outbreaks.

What Are the Main 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

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Which Top Companies are Driving Growth in the Farm Animal Drugs Market?
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

Which Regions Will Dominate the Farm Animal Drugs Market Through 2029?
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.

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