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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Animal Health Market Growth
As per industry reports, population of pets in India reached more than 38 million, from 22.1 million in 2022. Dogs were estimated to account for 90% of the total pet population, followed by cat.
Ruminant is crucial to India’s economy, supporting the livelihoods of around 20.5 million people and contributing 16% to the income of small farm households. It sustains two-thirds of the rural population. The country also boasts extensive ruminant resources.
Ruminant care is closely linked to animal health, which is vital due to the rising occurrences of zoonotic diseases and the increasing demand for animal-derived products like eggs, dairy, and meat.
Under the AtmaNirbhar Bharat Abhiyan stimulus package, the Animal Husbandry Infrastructure Development Fund (AHIDF) was established with a corpus of USD 1,800 million.
AHIDF aims to incentivize investments by entrepreneurs, private companies, MSMEs, Farmers Producers Organizations (FPOs), and Section 8 companies in the following areas: dairy processing and value addition infrastructure, meat processing and value addition infrastructure, animal feed plants, and breed improvement technology and farms for cattle, buffalo, sheep, goat, pig, and technologically assisted poultry farms.
India Animal Health Market Report Snapshots
India Animal Health Market Size
India Animal Health Market Growth
India Animal Health Market Trends
India Animal Health Market Share
India Animal Health Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 1,010.84 million in 2023.
The market is estimated to grow at a CAGR of 13.24% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 3,071.08 million by 2032.
The factors driving the market growth are increasing pet adoption, rising importance of preventive care, presence of favourable government initiatives, increasing awareness of animal diseases, and stringent regulations.
The animal types are ruminant, poultry, companion, and others.
Ceftriaxone, Enrofloxacin, Oxytetracycline, and Penicilline are the leading antibiotics prescribed by veterinarians in the country to treat cattle.
Nutrition, parasiticides, antibiotics, biologicals, and medicated feed additives are the various product types in the market.
The key players in the market include Virbac Animal Health India Pvt Ltd, Zenex Animal Health Pvt Ltd, Elanco India Private Limited, MSD Animal Health India(Merck & Co.), Zoetis India Limited, Ceva Polchem Private Limited, Cargill India Private Limited, Boehringer Ingelheim India Pvt. Ltd., SeQuent Scientific Ltd., and Hester Biosciences Limited, among others.
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