South Korea Veterinary Medicine Market Size & Outlook
Global Market
Related Markets
South Korea veterinary medicine market highlights
- The South Korea veterinary medicine market generated a revenue of USD 734.0 million in 2025 and is expected to reach USD 1,679.3 million by 2033.
- The South Korea market is expected to grow at a CAGR of 11.1% from 2026 to 2033.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2025.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2025 | USD 734.0 million |
| Market revenue in 2033 | USD 1,679.3 million |
| Growth rate | 11.1% (CAGR from 2026 to 2033) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global veterinary medicine market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China veterinary medicine 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 4,239.4 million by 2033.
South Korea veterinary medicine market is anticipated to grow due to rising incidence of disease outbreaks and the presence of prominent market players. For instance, in 2021, according to the National Center for Biotechnology Information, African Swine Fever (ASF) is one of the most complex infectious diseases affecting pigs.
Hence, disease outbreaks would require use of veterinary medicines to control them, as this can affect the life of the animals, which is driving growth of the market within the country. Moreover, some of the market players, such as EASY BIO, Inc., BIONOTE., and Harim Group., are headquartered in South Korea and are taking up various strategic initiatives related to veterinary medicine.
For instance, in 2023, EASY BIO and Opti pharma signed a collaborative agreement to expand the exports of bacteriophage-based feed additives. Functional feed additives with bacteriophages are alternatives for antibiotic resistance, which is a global problem; hence, such initiatives are expected to drive market growth.
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Publish Date: Apr 06, 2026
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zoetis Inc Class A | View profile | 14,100 | 10 Sylvan Way, Parsippany, NJ, United States, 07054 | www.zoetis.com |
| Virbac SA | View profile | 5,400 | 2065m LID, 1 ere avenue, Carros, France, 06516 | www.virbac.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 |
| Boehringer Ingelheim | View profile | 10001+ | Ingelheim Am Rhein, Rheinland-Pfalz, Germany, Europe | www.boehringer-ingelheim.com/ |
| Dechra Pharmaceuticals | View profile | 501-1000 | Northwich, Cheshire, United Kingdom, Europe | www.dechra.com |
| Ceva Santé Animale | View profile | 5001-10000 | Libourne, Aquitaine, France, Europe | www.ceva.us |
| Phibro Animal Health Corp Class A | View profile | 1,920 | 300 Frank W. Burr Boulevard, Suite 21, 3rd Floor, Glenpointe Centre East, Teaneck, NJ, United States, 07666-6712 | www.pahc.com |
| Biogenesis Bago | View profile | 501-1000 | Garín, Buenos Aires, Argentina, South America | www.biogenesisbago.com/en/ |
| Bimeda Ireland | View profile | 1001-5000 | Tallaght, Dublin, Ireland, Europe | www.bimeda.ie/ |
South Korea Veterinary Medicine 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 Veterinary Medicine Market Outlook will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 64.95% in 2025.
Horizon Databook has segmented the South Korea veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2021 to 2033.
South Korea veterinary medicine market is anticipated to grow due to rising incidence of disease outbreaks and the presence of prominent market players. For instance, in 2021, according to the National Center for Biotechnology Information, African Swine Fever (ASF) is one of the most complex infectious diseases affecting pigs.
Hence, disease outbreaks would require use of veterinary medicines to control them, as this can affect the life of the animals, which is driving growth of the market within the country. Moreover, some of the market players, such as EASY BIO, Inc., BIONOTE., and Harim Group., are headquartered in South Korea and are taking up various strategic initiatives related to veterinary medicine.
For instance, in 2023, EASY BIO and Opti pharma signed a collaborative agreement to expand the exports of bacteriophage-based feed additives. Functional feed additives with bacteriophages are alternatives for antibiotic resistance, which is a global problem; hence, such initiatives are expected to drive market growth.
- South Korea Veterinary Medicine Market Product Outlook (Revenue, USD Million , 2021-2033)
- Biologics
- Pharmaceuticals
- Medicated Feed Additives
- South Korea Veterinary Medicine Market Animal Type Outlook (Revenue, USD Million , 2021-2033)
- Companion Animals
- Production Animals
- South Korea Veterinary Medicine Market Route of Administration Outlook (Revenue, USD Million , 2021-2033)
- Oral
- Other Routes
- Injectable
- Topical
- South Korea Veterinary Medicine Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- E-commerce
- Offline Retail Stores
- Others
- Veterinary Hospitals & Clinics
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Target buyers of Veterinary Medicine Market Outlook databook
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Veterinary Medicine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Veterinary Medicine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Veterinary Medicine Market, 2021-2033 (US$M)
South Korea veterinary medicine market statistics, by product, 2021-2033 (US$M)
