Companion Animal Health Market 2025 | Industry Developments, Future Growth, Share & Industry Insights | Norbrook, Vetoquinol, Zoetis Services LLC and IDEXX

The Global Companion Animal Health Market reached US$ 25.38 billion in 2024, up from US$ 23.37 billion in 2023, and is expected to reach US$ 56.60 billion by 2033, growing at a CAGR of 9.4% during the forecast period 2025-2033.

DataM Intelligence has published a new research report on "Companion Animal Health Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Key Players: Merck & Co., Inc., Boehringer Ingelheim International GmbH, Agrolabo Spa, Ceva, Elanco, Indian Immunologicals Ltd., Norbrook, Vetoquinol, Zoetis Services LLC, and IDEXX.

USA - Industry Developments:

✅ Elanco's Credelio Quattro Reaches Blockbuster Status
Elanco's new chewable tablet for dogs, Credelio Quattro, achieved $100 million in net sales in under eight months, becoming the company's fastest pet health blockbuster.

✅ Embrace Pet Insurance Acquires Healthy Paws' Policy Portfolio
In 2025, U.S.-based Embrace Pet Insurance completed the acquisition of Healthy Paws' policy portfolio, consolidating market presence in premium wellness-focused products.

South Korea - Industry Developments:

✅ Daewoong Pet Develops Treatment for Sarcopenia in Companion Animals
Daewoong Pharmaceutical's subsidiary 'Daewoong Pet' is jointly developing the world's first treatment for sarcopenia in companion animals.

✅ Pawchi Raises ₩6 Billion for Pet Insurance Launch
In May, the start-up Pawchi raised approximately ₩6 billion ($4.5M/€4.1M) in its Series A funding round to launch a pet insurance business.

Europe - Industry Developments:

✅ Zoetis Receives EMA Endorsement for Canine Osteoarthritis Treatment
Zoetis received endorsement from the European Medicines Agency for Lenivia, a novel treatment for osteoarthritis pain in dogs.

✅ Nutriment Acquires Graf Barf to Expand Frozen Pet Food Line
The Nutriment Company (TNC), one of Europe's largest suppliers of natural, premium pet nutrition, has announced the acquisition of Graf Barf, a raw pet food producer, from the current owner CDS Hackner.

Growth Forecast Projected:

The Global Companion Animal Health Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Companion Animal Health Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

Animal Type (Dogs, Cats, and Others)

By Product Type (Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Supplements, and Others)

By Distribution Channel (Hospital Pharmacies, E-Commerce, Retail, and Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Companion Animal Health producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Companion Animal Health revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Companion Animal Health Market?

A: The Companion Animal Health Market stood at US$ 25.38 billion in 2024 and is set to experience remarkable growth, reaching US$ 56.60 billion by 2033

Q2: How fast is the Companion Animal Health Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 9.4% from 2025-2033

Q3: Which regions are dominating the Companion Animal Health Market and which are fastest-growing?

A: North America is expected to dominate the global companion animal health market with a 44.07% in 2024

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