South Korea Animal Biotechnology Market Size & Outlook
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South Korea animal biotechnology market highlights
- The South Korea animal biotechnology market generated a revenue of USD 431.1 million in 2024 and is expected to reach USD 848.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.9% from 2025 to 2030.
- In terms of segment, biologics was the largest revenue generating product in 2024.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Animal biotechnology market data book summary
| Market revenue in 2024 | USD 431.1 million |
| Market revenue in 2030 | USD 848.9 million |
| Growth rate | 11.9% (CAGR from 2025 to 2030) |
| Largest segment | Biologics |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Biologics, Drugs, Reproductive And Genetic, Nutrition |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Biogenesis Bago, Merck & Co Inc, Virbac SA, Elanco Animal Health Inc, IDEXX Laboratories Inc, HESKA, Indian Immunologicals, Hester Biosciences, Kareo, NXGN |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global animal biotechnology market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India animal biotechnology market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,378.6 million by 2030.
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Animal Biotechnology Market Scope
Animal Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hester Biosciences | View profile | 251-500 | San Diego, California, United States, North America | http://www.hesterbiosciences.co.in |
| HESKA | View profile | 501-1000 | Loveland, Colorado, United States, North America | http://heska.com |
| Biogenesis Bago | View profile | 501-1000 | Garín, Buenos Aires, Argentina, South America | https://www.biogenesisbago.com/en/ |
| Kareo | View profile | 501-1000 | Irvine, California, United States, North America | http://www.kareo.com |
| NXGN | View profile | 11-50 | Chicago, Illinois, United States, North America | http://nxgn.io/ |
| Indian Immunologicals | View profile | 1001-5000 | Hyderabad, Andhra Pradesh, India, Asia | https://indimmune.com |
| Boehringer Ingelheim | View profile | 10001+ | Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe | https://www.boehringer-ingelheim.com/ |
| IDEXX Laboratories Inc | View profile | 11000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | https://www.idexx.com |
| Elanco Animal Health Inc | View profile | 9800 | 2500 Innovation Way, Greenfield, IN, United States, 46140 | https://www.elanco.com |
| Merck & Co Inc | View profile | 72000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | https://www.merck.com |
| Virbac SA | View profile | 5400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | https://www.virbac.com |
| Zoetis Inc Class A | View profile | 14100 | 10 Sylvan Way, Parsippany, NJ, United States, 07054 | https://www.zoetis.com |
South Korea animal biotechnology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal biotechnology market will help companies and investors design strategic landscapes.
Biologics was the largest segment with a revenue share of 35.7% in 2024. Horizon Databook has segmented the South Korea animal biotechnology market based on diagnostics, biologics, drugs, reproductive and genetic, nutrition covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea animal biotechnology market databook
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Our clientele includes a mix of animal biotechnology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea animal biotechnology market, including forecasts for subscribers. This country databook contains high-level insights into South Korea animal biotechnology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea animal biotechnology market size, by application, 2018-2030 (US$M)
South Korea Animal Biotechnology Market Share, 2024 & 2030 (US$M)
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