South Korea Companion Animal Health Market Size & Outlook
Global Market
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South Korea companion animal health market highlights
- The South Korea companion animal health market generated a revenue of USD 364.7 million in 2025 and is expected to reach USD 946.3 million by 2033.
- The South Korea market is expected to grow at a CAGR of 12.8% from 2026 to 2033.
- In terms of segment, dogs was the largest revenue generating animal type in 2025.
- Equine is the most lucrative animal type segment registering the fastest growth during the forecast period.
Companion animal health market data book summary
| Market revenue in 2025 | USD 364.7 million |
| Market revenue in 2033 | USD 946.3 million |
| Growth rate | 12.8% (CAGR from 2026 to 2033) |
| Largest segment | Dogs |
| Fastest growing segment | Equine |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Equine, Cats, Other Animal type |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Vetoquinol SA, Zoetis, Boehringer Ingelheim, IDEXX Laboratories Inc, Elanco Animal Health Inc, Indian Immunologicals, Virbac SA, Norbrook |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global companion animal health market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China companion animal health market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,285.9 million by 2033.
South Korea’s companion animal health market is projected to exhibit constant growth rate during the forecast period, due to rapid development of new products, growing research efforts by companies, increasing government initiatives, and rising mergers & acquisitions among players.
For instance, in January 2018, CALS NBT launched Xpel Spectra formulation in Korea for mycotoxin management in animals.
Furthermore, one out of four adults owns a pet in the country and expends an average of around USD 89.95 per month on pet animals.
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Publish Date: Nov 17, 2025
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Virbac SA | View profile | 5,400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | www.virbac.com |
| CEVA Inc | View profile | 424 | 15245 Shady Grove Road, Suite 400, Rockville, MD, United States, 20850 | www.ceva-dsp.com |
| Merck & Co Inc | View profile | 72,000 | 126 East Lincoln Avenue, Rahway, NJ, United States, 07065 | www.merck.com |
| Elanco Animal Health Inc | View profile | 9,800 | 2500 Innovation Way, Greenfield, IN, United States, 46140 | www.elanco.com |
| IDEXX Laboratories Inc | View profile | 11,000 | One IDEXX Drive, Westbrook, ME, United States, 04092 | www.idexx.com |
| Boehringer Ingelheim | View profile | 10001+ | Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe | www.boehringer-ingelheim.com/ |
| Indian Immunologicals | View profile | 1001-5000 | Hyderabad, Andhra Pradesh, India, Asia | indimmune.com |
| Vetoquinol SA | View profile | 2,483 | Magny-Vernois, BP 189, Lure cedex, France, 70204 | www.vetoquinol.com |
| Zoetis | View profile | 10001+ | Parsippany, New Jersey, United States, North America | www.zoetis.com |
| Norbrook | View profile | 1001-5000 | Newry, Newry and Mourne, United Kingdom, Europe | www.norbrook.com |
South Korea Companion Animal Health 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 Companion Animal Health Market Outlook will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 58.62% in 2025.
Horizon Databook has segmented the South Korea companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2021 to 2033.
South Korea’s companion animal health market is projected to exhibit constant growth rate during the forecast period, due to rapid development of new products, growing research efforts by companies, increasing government initiatives, and rising mergers & acquisitions among players.
For instance, in January 2018, CALS NBT launched Xpel Spectra formulation in Korea for mycotoxin management in animals.
Furthermore, one out of four adults owns a pet in the country and expends an average of around USD 89.95 per month on pet animals.
- South Korea Companion Animal Health Market Animal type Outlook (Revenue, USD Million , 2021-2033)
- Dogs
- Equine
- Cats
- Other Animal type
- South Korea Companion Animal Health Market Product Outlook (Revenue, USD Million , 2021-2033)
- Vaccines
- Pharmaceuticals
- Feed Additives
- Diagnostics
- Other Products
- South Korea Companion Animal Health Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- Retail
- E-Commerce
- Hospital Pharmacies
- South Korea Companion Animal Health Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Point-of-care/In-house testing
- Hospitals & clinics
- Other End-Use
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Companion Animal Health Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Companion Animal Health Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Companion Animal Health Market, 2021-2033 (US$M)
South Korea companion animal health market statistics, by animal type, 2021-2033 (US$M)
