Press release
South America Companion Animal Healthcare Market Driven by Pet Adoption Growth & Veterinary Service Expansion | Key Companies: Merck Animal Health, Ceva Sante Animale, Vetoquinol SA
South America Companion Animal Healthcare Market
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Companion animal healthcare includes pharmaceuticals, vaccines, diagnostics, and nutrition products for pets. The South America companion animal healthcare market was valued at USD 2.4 billion in 2024 and is projected to grow to USD 4.0 billion by 2031, at a CAGR of 7.8%. Rising pet ownership in Brazil and Chile, coupled with demand for pet insurance and premium veterinary services, is fueling growth. In recent news, Zoetis and Elanco have expanded their veterinary product distribution networks across South America to tap into the fast-growing pet care sector.
South America: Recent Industry Developments
✅ In July 2025, Zoetis launched a new line of vaccines for companion animals in Brazil. The products target emerging zoonotic diseases. They strengthen preventive healthcare options for pet owners across the region.
✅ In June 2025, Elanco Animal Health invested $120 million to expand its veterinary pharmaceutical plant in Argentina. The expansion focuses on pet dermatology and parasiticide products. It boosts local production capacity and regional supply.
✅ In May 2025, Boehringer Ingelheim partnered with veterinary clinics in Chile to roll out digital health monitoring platforms for pets. The initiative combines wearable devices with tele-vet services. It enhances access to companion animal healthcare.
South America Companion Animal Healthcare Market Key Companies:
The report profiles leading players shaping the South America Companion Animal Healthcare Market, including:
Merck Animal Health, Ceva Sante Animale, Vetoquinol SA, Nutreco N.V., Bayer healthcare, Virbac, Boehringer Ingelheim, Merial
These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.
Growth Driver:
The companion animal healthcare market in South America is expanding due to rising pet ownership, increasing awareness of animal health, and growth in veterinary services. Demand for vaccines, diagnostics, and pet nutrition is accelerating. Recent developments include Zoetis expanding operations in Brazil and Elanco introducing new veterinary products in South America, showcasing strong industry growth.
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Comprehensive Market Segmentation:
The South America Companion Animal Healthcare Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.
By-Products (Vaccines, Anti-Infectives, Medicinal Feed Additives, Parasiticides, Diagnostics), By Animals (Cats, Dogs, Equine)
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FAQ
✅ What is the projected market size for companion animal healthcare in South America?
✅ Which product categories (vaccines, pharmaceuticals, diagnostics) are most in demand?
✅ Who are the key players in the South American companion animal healthcare market?
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