Animal Health Market Size & Forecast By Product (Feed Additives, Pharmaceuticals, Vaccines), By Animal Type (Production Animal, Companion Animal), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Trend Report

Animal Health Market Size & Forecast By Product (Feed Additives, Pharmaceuticals, Vaccines), By Animal Type (Production Animal, Companion Animal), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Trend Analysis, 2018 - 2025

  • Published Date: Feb, 2017
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-763-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 90

Industry Insights

The global animal health market size was valued at USD 34.56 billion in 2015 and is expected to grow at a CAGR of 5.4% over the forecast period. The market is largely driven by a significant rise in the zoonotic and food-borne diseases globally. This unprecedented rise in the prevalence triggered the companies to produce advanced vaccines and pharmaceuticals. The high demand also resulted in subsequent increase in the number of companies undertaking consistent efforts to control pathogen contamination risks and food-borne diseases, which is contributing toward animal health market growth.

In addition, rising number of government initiatives to promote veterinary products is presumed to drive the overall animal health market. According to UN Department of Economic and Social Affairs, global population is approximately 7.3 billion and it is anticipated to reach around 9.7 billion by 2050, of which 795 million people are undernourished, as per the estimations of the International Fund for Agricultural Development (IFAD).

The aforementioned statistics exemplify the urgent requirement to expand food supply through large-scale adoption of livestock. The heightened production of animal-based food products will lead to significant price reduction, facilitating easy access to food at affordable prices.

U.S. animal health market, by product, 2014 - 2025 (USD Billion)

U.S. animal health market

The market is driven by technological advancements in veterinary healthcare, and this is anticipated to serve future growth opportunities. These advancements include advent of efficient information management systems, animal owner mobile technology, and vaccine banks. High focus on innovation in veterinary health has given rise to certain measures that are fueling the market growth prospects. For instance, the Innovative Medicines Initiative (IMI), which is a public-private partnership to support collaborative research in order to boost innovation in veterinary pharmaceuticals in Europe.

Product Insights

Feed additive are bifurcated into two categories: nutritional and medicinal. The aforementioned categories cumulatively held a dominant share of 46.5% in the product segment in 2015. The dominant share captured by the segment is presumed to be a consequence of consistent advancements in these products. These advancements predominantly include use of metabolic modifiers, enzymes, minerals, and probiotics. The aforementioned additives facilitate significant increase in muscle growth, thereby optimizing feed utilization.

In addition, high inclination of government healthcare organizations toward enhancement of agricultural practices and veterinary health is presumed to be responsible for growth of this segment. For instance, certain additives are permitted and recommended by the European Union to use in feed, which includes vitamins, antioxidants, and performance promoters.

Animal-Type Insights

Production animal dominated this segment in 2015. The substantial share captured by the segment can be presumed a consequence of high concern for food safety and sustainability by government healthcare organizations globally. Policymakers in various countries are striving to achieve total food security, which propels large-scale food production and results in greater rearing of livestock.

The policies are focused on long-term sustainability, which can be achieved through a combination of improving productivity and greater attention to livestock veterinary healthcare. According to Food and Agriculture Organization, in the emerging economies, animal-based food products account for one-third of human protein consumption, leading to an increase in livestock productivity, which is critical to meet dietary needs of the growing human population. These factors cumulatively are responsible for the significant share captured by production animals in this segment.

Regional Insights

In 2015, North America accounted for a dominant share of the overall market. Several collaborative efforts undertaken by major companies to enhance their R&D capabilities and ensure high quality standards are anticipated to impel the demand further across this region. Moreover, the majority share can also be attributed to the high disease burden in this region.

Global animal health market share, by animal type, 2015

Global animal health market

On the other hand, Asia Pacific market is expected to grow at a lucrative CAGR over the coming years. The high growth registered by this region is believed to be a consequence of consistent R&D investments deployed by the prominent players and their efforts to commercialize branded and generic therapeutics at a relatively inexpensive price.

Competitive Insights

The registered growth by the market is a result of extensive regional expansion strategies, mergers & acquisitions, and collaborative research initiatives undertaken by the major market players. For instance, In January 2015, Zoetis entered into a collaborative agreement with the University of Nottingham to conduct 4-year research that was focused on maximizing muscle growth and enhancing feed efficiency in pig farming.

Also, in May 2016, the Bayer AG and BioNTech entered into a collaborative agreement to develop mRNA vaccines as well as therapeutics to aid in veterinary applications and expand their product development capabilities. Moreover, in November 2016, Merck announced the acquisition of Harris vaccines, a manufacturer and distributor of vaccines for companion animals. This acquisition was carried out to widen their vaccines portfolio and increase product development capabilities.

Report Scope 



Base year for estimation


Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Billion and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia-Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, Japan, China, Brazil, Mexico, South Africa

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the animal health market on the basis of product, animal type and region:

  • Product Outlook (Revenue, USD Billion, 2014 - 2025)

    • Feed Additives

    • Pharmaceuticals

    • Vaccines

  • Animal-Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Production Animal

    • Companion Animal

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • The Middle East and Africa

      • South Africa

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