India Animal Health Market Share, Size, Trends and Research Report 2022-27 – SMU Daily Mustang
According to the latest report of the IMARC group, entitled “Indian Animal Health Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027“, The Indian animal health market reached a value of INR 67.83 billion in 2021. Looking ahead, IMARC Group expects the market to reach INR 114.12 billion by 2027, showing a CAGR of 9.52% in 2022-2027.
Animal health involves regular monitoring and the provision of adequate care to pets or livestock. This includes the development of food additives, pharmaceuticals, veterinary drugs, pesticides and biologics. In addition, animal health services also ensure a constant food supply and prevent various zoonotic diseases, such as feline leukemia, animal influenza, tick infestation and Lyme disease, caused by viruses, parasites and bacteria.
Rising prevalence of zoonotic diseases and significant growth in the veterinary pharmaceutical industry are primarily driving the Indian animal health market. Additionally, the growing integration of IoT in animal health monitoring solutions, along with the growing use of mobile sensors and wearable devices to monitor animal behavior and health, is driving the market. Additionally, the increasing adoption of feed additives, which help improve the overall health of animals while improving the quality of products including milk, eggs, and meat, is further catalyzing the growth of the market. Moreover, the Indian government undertakes extensive R&D activities in the field of animal health to raise public awareness of disease control and provide effective treatments. All the factors mentioned above will continue to propel the Indian animal health market during the forecast period.
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Bayer, Boehringer Ingelheim Animal Health, Cargill, Merck, Ceva Animal Health, Elanco, Merial, Virbac
The report has segmented the market based on animal type, product type, distribution channel and region.
Breakdown by type of animal:
Breakdown by product type
- Anti-chronic respiratory
- Growth promoters
- Gut Health (also includes probiotics, prebiotics)
- liver tonics
- Food supplements
- Toxin binders / Immunomodulators / Mold inhibitors
- Vitamins/ Minerals/ Amino Acids
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Market breakdown by distribution channel
- Veterinary hospitals
- Veterinary clinics
- Pharmacies and drugstores
Market Breakdown by Region
- Uttar Pradesh
- Madhya Pradesh
- Andhra Pradesh
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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