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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Animal Health Market Share
Based on animal type, ruminants are a major contributor to the India animal health market revenue
Increase in intake of milk products in routine diet due to the rising awareness of health benefits has increased its consumption in the country. During 2022-2023, milk production in India reached 230.58 million tons, introducing new products in the market. In fact, the total number of drugs/vaccines approved for cattle constituted 10% of the total approvals in India between January and September 2022. As per the DOAHD, in 2023, a total of 8.99 crore cattle have been vaccinated by Goat Pox vaccine.
As per the latest census of DOAHAD (Ministry of fisheries, animal husbandry and dairying), poultry population witnessed an increase of 16.81%, reaching 851.81 million in 2019, from 729.21 million in 2012. Further, the growing demand for protein is expected to promote the poultry sector development, with increasing emphasis being put on poultry health.
Based on product type, parasiticides contribute significantly to the India animal health market revenue
Endoparasiticides drugs are intended to be used in animals for the treatment of infestation with gastrointestinal nematodes, lungworms, and tapeworms. Whereas Ectoparasites cause itching, irritation, dermatitis, baldness, scaling, and subsequent pyoderma. Severe ectoparasitic infections may cause anaemia, hypoproteinemia, decreased weight increase, and poor output results.
The ruminant segment, particularly cattle, represents the largest market for nutraceuticals. Leading the way in this space is Virbac, a key company known for its innovative solutions. The market dynamics have been significantly influenced by regulatory changes, particularly the ban on antibiotic growth promoters. This, coupled with growing concerns over antimicrobial resistance, has driven breeders to seek drug-free, high-quality food solutions. Studies show significant benefits of nutraceuticals for ruminant health, particularly in improving gut health and overall productivity.
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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