$4550
$2730
The farm animal drugs market is projected to grow from US$ 18,253.09 million in 2021 to US$ 28,364.08 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028.
Drugs play a key role in maintaining the health of farm animals and improving the economic condition of farm producers. The need for better productivity has become important more, as the population are looking for nutritious and disease-free food products. The pharmacologically active compounds help prevent the passing of diseases from animals to humans. Farm animal’s health have been considerably shaped by the use of drugs. Farm animal drugs are medicines used for healthcare-based practices for diagnosis, cure, mitigation, treatment, or prevention of diseases that could affect livestock. These medicines are used as per strict requirements based on their essentiality to maintain the well-being of farm animals. Simply said, farm animal drugs are a key factor supporting the growth of the livestock industry across the world. Factors such as the growing use of pain management drugs in farm animals, rising incidence of foodborne diseases and infections, and surging demand for quality pharmaceuticals and food security boost the growth of the farm animal drugs market. However, the side effects of drugs in animals and strict government rules related to the usage of farm animal drugs hamper the growth of the market.
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Farm Animal Drugs Market: Strategic Insights
Market Size Value in US$ 18,253.09 million in 2021 Market Size Value by US$ 28,364.08 million by 2028 Growth rate CAGR of 6.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Farm Animal Drugs Market: Strategic Insights
Market Size Value in | US$ 18,253.09 million in 2021 |
Market Size Value by | US$ 28,364.08 million by 2028 |
Growth rate | CAGR of 6.5% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystLucrative Regions for Farm Animal Drugs Market
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Market Insights
Growing Use of Pain Management Drugs in Farm Animals Bolsters Farm Animal Drugs Market Growth
Pain in farm animals is often associated with common production diseases, such as lameness and mastitis, and is brought to the animal through routine husbandry practices, such as castration and tail docking. Pain causes behavioral, autonomic, and neuroendocrine changes; and induces a negative affective state, compromises animal welfare, and harms the profitability of agriculture.
Controlling pain is essential to the health of all animals. In 2018, the Food and Drug Administration (FDA) approved the first pain reliever for use in a food-producing animal. Foot rot is a common cause of pain and lameness in cattle of all ages and breeds. The disease is seen in cattle kept in barns and pylons, as well as cattle on pasture. Banamine Transdermal is approved to treat the pain associated with foot rot in cattle, and it can only be obtained with a prescription. The FDA Center for Veterinary Medicine promotes and protects animal health by ensuring safe and effective medicines are available to animals. Working with pharmaceutical companies to develop and approve drugs to control pain in all animals, including food-producing animals, is an integral part of this mission.
There are several routine practices in animal husbandry that demand efficient pain management in animals. Some routine procedures that cause pain in farm animals include castration, dehorning or disbudding. and branding. The most common drugs used for pain control in farm animals include nonsteroidal anti-inflammatory drugs (NSAIDs), local anesthetics, α2-agonists and opioids. Efficient management of pain in food-producing animals has gradually become a matter of consumer concern worldwide, and this has therefore resulted in high interest of regulatory authorities. Consequently, the animal husbandry industry worldwide is evolving with new practices and use of off-label analgesics with keeping animal welfare and profitability in consideration. This has therefore led to significant rise in analgesic drugs such as lidocaine, xylazine, detomidine, medetomidine, ketamine, tolfenamic acid, buprenephrine, etc. in general pain management practice for farm animals.
Consumers are becoming increasingly aware and concerned about the welfare of animals raised for food. This has put pressure on suppliers to ensure that animals entering their systems are treated humanely. Measures are being taken for addressing such demand. Only one drug is approved in the US to control interdigital phlegmon (foot rot) pain in non-lactating cattle. Therefore, using medications for pain management in elective procedures, such as dehorning and castration, in cattle or analgesia in lactating dairy cows and pigs is considered an extra-label drug use. It is regulated as per the clarification on the use of veterinary drugs law. Flunixin, meloxicam, and ketoprofen are nonsteroidal anti-inflammatory drugs with supportive research on on-farm analgesia. Several products, such as local and regional anesthetics, opioids, and nonsteroidal anti-inflammatory drugs (NSAIDs), are available in the market to relieve pain in animals.
Product Type-Based Insights
Based on product type, the farm animal drugs market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related product, and others. The parasiticides segment held the largest market share in 2021 and is expected to register the highest CAGR during the forecast period.
Farm Animal Drugs Market, by Product Type – 2021 and 2028
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Animal Type-Based Insights
Based on animal type, the farm animal drugs market is bifurcated into livestock animals and equine. The livestock animals segment held the largest market share of 90.77% in 2021, and is expected to retain its dominance during the forecast period.
Route of Administration-Based Insights
Based on route of administration, the farm animal drugs market is segmented into oral, parenteral, topical, and others. The oral segment held the largest market share of 90.77% in 2021, and is expected to retain its dominance during the forecast period.
Distribution Channel-Based Insights
Based on distribution channel, the farm animal drugs market is segmented into veterinary hospitals, veterinary clinics, pharmacies and drug stores, and others. The veterinary hospitals segment held the largest market share in 2021, whereas the market for the veterinary clinics segment is expected to grow at a CAGR of 6.9% during the forecast period.
Various companies operating in the farm animal drugs market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.
Farm Animal Drugs Market – by Product Type
- Anti-Infective
- Parasiticides
- Anti-Inflammatory
- Anesthetics
- Analgesics
- Hormones and Related Product
- Others
Farm Animal Drugs Market – by Animal Type
- Livestock Animal
- Equine
Farm Animal Drugs Market – by Route of Administration
- Oral
- Parenteral
- Topical
- Others
Farm Animal Drugs Market – by Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies and Drug Stores
- Others
Farm Animal Drugs Market – by Geography
• North America
- US
- Canada
- Mexico
• Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
• Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
• Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
• South & Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- PHIBRO ANIMAL HEALTH CORPORATION
- Zoetis Inc.
- Ceva
- Elanco
- Virbac
- INTAS PHARMACEUTICALS LTD.
- Alembic Pharmaceuticals Limited
- Boehringer Ingelheim International GmbH
- MSD Animal Health
- Vetoquinol SA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Animal Type, Route of Administration, and Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Drugs play a key role in maintaining the health of farm animals and improving the economic condition of farm producers. The need for better productivity has become important more, as the population are looking for nutritious and disease-free food products. The pharmacologically active compounds help prevent the passing of diseases from animals to humans. Farm animal’s health have been considerably shaped by the use of drugs. Farm animal drugs are medicines used for healthcare-based practices for diagnosis, cure, mitigation, treatment, or prevention of diseases that could affect livestock. These medicines are used as per strict requirements based on their essentiality to maintain the well-being of farm animals. Simply said, farm animal drugs are a key factor supporting the growth of the livestock industry across the world.
Key factors that are driving the growth of this market are the growing use of pain management drugs in farm animals, rising incidence of foodborne diseases and infections, and surging demand for quality pharmaceuticals and food security are expected to boost the market growth for the farm animal drugs over the years.
The parasiticides segment dominated the global farm animal drugs market and held the largest revenue share of 26.88% in 2021.
The livestock animals segment dominated the global farm animal drugs market and accounted for the largest revenue share of 90.77% in 2021
The oral segment dominated the global farm animal drugs market and accounted for the largest revenue share of 42.81% in 2021.
The veterinary hospitals segment dominated the global farm animal drugs market and accounted for the largest revenue share of 36.70% in 2021.
The farm animal drugs market majorly consists of the players such PHIBRO ANIMAL HEALTH CORPORATION, Zoetis Inc., Ceva, Elanco, Virbac, INTAS PHARMACEUTICALS LTD., Alembic Pharmaceuticals Limited, Boehringer Ingelheim International GmbH, MSD Animal Health, and Vetoquinol SA among others.
The List of Companies - Farm Animal Drugs Market
- PHIBRO ANIMAL HEALTH CORPORATION
- Zoetis Inc.
- Ceva
- Elanco
- Virbac
- INTAS PHARMACEUTICALS LTD.
- Alembic Pharmaceuticals Limited
- Boehringer Ingelheim International GmbH
- MSD Animal Health
- Vetoquinol SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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