Farm Animal Drugs Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Farm Animal Drugs Market Size By 2025?
Recent years have seen substantial growth in the market size of farm animal drugs. Projected to expand from $19.41 billion in 2024 to $20.66 billion in 2025, it holds a compound annual growth rate (CAGR) of 6.4%. Several factors have contributed to the historic growth of this market, including a surge in consumer demand for animal products, an increase in zoonotic diseases, implementation of disease prevention and control measures, intensification of livestock farming, and worldwide population growth.

How Big Is the Farm Animal Drugs Market Size Expected to Grow by 2029?
Anticipated to thrive robustly in the upcoming years, the farm animal drugs market size is set to augment to $26.78 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.7%. The expansion during this forecast period can be ascribed to an increased knowledge of antimicrobial resistance, the injury climate change can inflict on livestock health, a heightened concentration on animal nutrition, and the proliferation of alternative proteins, phytogenic feed additives, and biopharmaceuticals for livestock. It is also driven by the advent of digital techniques for managing farm animal health. The period is likely to observe prominent trends such as technological evolutions in veterinary medicine, the development of precision livestock farming technologies, the application of blockchain technology for transparent supply chains, and the incorporation of AI and ML.

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Which Key Market Drivers Powering Farm Animal Drugs Market Expansion and Growth?
The upsurge in the intake of meat is anticipated to fuel the expansion of the farm animal drug market. The consumption of animal flesh as a food source is what is meant by meat consumption. Such flesh is typically obtained from domestic animals such as chickens, pigs, and cattle. Drugs for farm animals enhance animal growth and the conversion of food to meat. Consequently, a surge in meat consumption is likely to boost the demand for farm animal drugs. For example, a report released by the United States Department of Agriculture (USDA), a federal agency that supervises agriculture, food, and rural development in the US, stated that in April 2023, the consumption of beef meat showed an increase from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. As with pork meat consumption, an increase from 9,918 metric tons in 2021 to 9,959 metric tons in 2022 was observed, and chicken meat consumption rose from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Hence, the rise in meat consumption is a significant factor propelling the farm animal drug market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Farm Animal Drugs Market?
In a bid to attain a competitive advantage in the farm animal drugs market, leading corporations are focusing on the production of antimicrobial medicines like water-soluble granules specifically targeting female swine breeding. These granules, which rapidly dissolve in water, are solid, free-flowing particles that offer an easy and accurate distribution method for varying uses. For instance, Pharmgate Animal Health, a livestock pharmaceutical organization based in the US, attained FDA approval in October 2023 for their Aivlosin Water Soluble Granules (WSG) that contain 62.5% of the active ingredient tylvalosin as tylvalosin tartrate aimed for female swine intended for breeding, extending its application to replacement gilts, pregnant sows, lactating sows, and recently weaned sows. Aivlosin, an antimicrobial medication, is dispensed by licensed vets at a continuous dose of 50 ppm tylvalosin in drinking water over a five-day period. This authorization has broadened its ability to manage porcine proliferative enteropathy and swine respiratory disease during outbreaks in breeding females.

What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Farm Animal Drugs Industry?
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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