Veterinary Pharmaceuticals Market: By Product Type, By Animal Type Companion Animals, and Aquaculture), By Route of Administration,By Distribution Channel, and Region Forecast 2020-2031.

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Veterinary Pharmaceuticals Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Antimicrobials, Ectoparasiticides, Endoparacitides, Endectoparaciticides, Anti-inflammatory Drugs, Anti-Obesity Drugs, Behavioral Products, Biologic Drugs and Others), By Animal Type (Farm Animals (Livestock, Poultry, Swine, and Equine) Companion Animals (Feline, Canine, and Avian), and Aquaculture), By Route of Administration (Oral, Parenteral, Topical, and Others),By Distribution Channel (Veterinary Pharmacies, Veterinary Hospitals, Veterinary Clinics, and E-Commerce), and Region Forecast 2020-2031.

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Veterinary Pharmaceuticals Market size was valued at US$ 14.8 billion in 2024 and is expected to reach US$ 23.4 billion by 2031, growing at a significant CAGR of 6.8% from 2025-2031. Veterinary drugs and allied services are used to treat and/or improve the performance and health of animals. These medications are used to treat injuries, illnesses, and diseases in animals. Veterinary medicine comprises vaccines, veterinary medicines such as antibacterial drugs, and diagnostic kits for curing pathogens in animals. Furthermore, the medicine is mostly used for animal health care, surgery, and prevention. 

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Global Veterinary Pharmaceuticals Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

6.8%

Largest Market

Asia-Pacific

Fastest Growing Market

Europe

Veterinary Pharmaceuticals Market Dynamics

The medicinal feed additives segment is also expected to witness a significant growth rate over the forecast period owing to their increasing usage in maintaining animal health. Furthermore, the rising global population is increasing the demand for meat as well as dairy, which also drives the growth of the medicinal feed additives segment.

Global Veterinary Pharmaceuticals Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 14.8 billion

Market Size in 2031

US$ 23.4 billion

Market CAGR

6.8%

By Product Type

  • Antimicrobials
  • Ectoparasiticides
  • Endoparasites
  • Endectoparaciticides
  • Anti-inflammatory Drugs
  • Anti-Obesity Drugs
  • Behavioral Products
  • Biologic Drugs
  • Others

By Animal Type

  • Farm Animals
    • Livestock
    • Poultry
    • Swine
    • Equine
  • Companion Animals
    • Feline
    • Canine
    • Avian
  • Aquaculture

By Distribution Channel

  • Veterinary Pharmacies
  • Veterinary Hospitals
  • Veterinary Clinics
  • E-Commerce

By Region

  • North America (USA, Canada)
  • Europe (Germany, UK, France, Spain, Italy , Rest of Europe)
  • The Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • MEA (Saudi Arabia, UAE, South Africa, Rest of MEA)

Key Features of the Report

  • The veterinary pharmaceuticals market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter Five Force Analysis

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Frequently Asked Questions

Veterinary pharmaceuticals market size was valued at US$ 14.8 billion in 2024 and is expected to reach US$ 23.4 billion by 2031, growing at a significant CAGR of 6.8%.

The Veterinary Pharmaceuticals Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Veterinary Pharmaceuticals Market key players are Bayer AG (Germany), Boehringer Ingelheim GmbH (Germany), Ceva Santa Animale (France), Eli Lilly and Company (U.S), Heska Co. (U.S), Hester biosciences (India), Merck & Co., Inc. (U.S), Perrigo Company plc. (Ireland), Vetoquinol S.A. (France), Virbac S.A. (France), Zoetis Inc. (U.S)

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Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Veterinary Pharmaceuticals Market Introduction 
2.1.Global Veterinary Pharmaceuticals Market  - Taxonomy
2.2.Global Veterinary Pharmaceuticals Market  - Definitions
2.2.1.Product Type
2.2.2.Animal Type
2.2.3.Distribution Channel
2.2.4.Application
2.2.5.Region
3.Global Veterinary Pharmaceuticals Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Veterinary Pharmaceuticals Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Veterinary Pharmaceuticals Market  By Product Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Antimicrobials
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Ectoparasiticides
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Endoparasites
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Endectoparaciticides
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Anti-inflammatory Drugs
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Anti-Obesity Drugs
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Behavioral Products
5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Biologic Drugs
5.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
5.9. Others
5.9.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market Opportunity Analysis 
6.Global Veterinary Pharmaceuticals Market  By Animal Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Farm Animals
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Companion Animals
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Aquaculture
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Veterinary Pharmaceuticals Market  By Distribution Channel, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Veterinary Pharmacies
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Veterinary Hospitals
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Veterinary Clinics
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. E-Commerce
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Veterinary Pharmaceuticals Market  By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. Bakery
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Beverages
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Oils and fats
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Dairy products
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Seafood, poultry and meat industry
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
8.6. Snacks
8.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.6.3. Market Opportunity Analysis 
8.7. Confectionery
8.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.7.3. Market Opportunity Analysis 
8.8. Others
8.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.8.3. Market Opportunity Analysis 
9.Global Veterinary Pharmaceuticals Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Veterinary Pharmaceuticals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Antimicrobials
10.1.2.Ectoparasiticides
10.1.3.Endoparasites
10.1.4.Endectoparaciticides
10.1.5.Anti-inflammatory Drugs
10.1.6.Anti-Obesity Drugs
10.1.7.Behavioral Products
10.1.8.Biologic Drugs
10.1.9.Others
10.2.  Animal Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Farm Animals
10.2.2.Companion Animals
10.2.3.Aquaculture
10.3.  Distribution Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Veterinary Pharmacies
10.3.2.Veterinary Hospitals
10.3.3.Veterinary Clinics
10.3.4.E-Commerce
10.4.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Bakery
10.4.2.Beverages
10.4.3.Oils and fats
10.4.4.Dairy products
10.4.5.Seafood, poultry and meat industry
10.4.6.Snacks
10.4.7.Confectionery
10.4.8.Others
10.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Veterinary Pharmaceuticals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Antimicrobials
11.1.2.Ectoparasiticides
11.1.3.Endoparasites
11.1.4.Endectoparaciticides
11.1.5.Anti-inflammatory Drugs
11.1.6.Anti-Obesity Drugs
11.1.7.Behavioral Products
11.1.8.Biologic Drugs
11.1.9.Others
11.2.  Animal Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Farm Animals
11.2.2.Companion Animals
11.2.3.Aquaculture
11.3.  Distribution Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Veterinary Pharmacies
11.3.2.Veterinary Hospitals
11.3.3.Veterinary Clinics
11.3.4.E-Commerce
11.4.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Bakery
11.4.2.Beverages
11.4.3.Oils and fats
11.4.4.Dairy products
11.4.5.Seafood, poultry and meat industry
11.4.6.Snacks
11.4.7.Confectionery
11.4.8.Others
11.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Veterinary Pharmaceuticals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Antimicrobials
12.1.2.Ectoparasiticides
12.1.3.Endoparasites
12.1.4.Endectoparaciticides
12.1.5.Anti-inflammatory Drugs
12.1.6.Anti-Obesity Drugs
12.1.7.Behavioral Products
12.1.8.Biologic Drugs
12.1.9.Others
12.2.  Animal Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Farm Animals
12.2.2.Companion Animals
12.2.3.Aquaculture
12.3.  Distribution Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Veterinary Pharmacies
12.3.2.Veterinary Hospitals
12.3.3.Veterinary Clinics
12.3.4.E-Commerce
12.4.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Bakery
12.4.2.Beverages
12.4.3.Oils and fats
12.4.4.Dairy products
12.4.5.Seafood, poultry and meat industry
12.4.6.Snacks
12.4.7.Confectionery
12.4.8.Others
12.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Veterinary Pharmaceuticals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Antimicrobials
13.1.2.Ectoparasiticides
13.1.3.Endoparasites
13.1.4.Endectoparaciticides
13.1.5.Anti-inflammatory Drugs
13.1.6.Anti-Obesity Drugs
13.1.7.Behavioral Products
13.1.8.Biologic Drugs
13.1.9.Others
13.2.  Animal Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Farm Animals
13.2.2.Companion Animals
13.2.3.Aquaculture
13.3.  Distribution Channel Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Veterinary Pharmacies
13.3.2.Veterinary Hospitals
13.3.3.Veterinary Clinics
13.3.4.E-Commerce
13.4.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Bakery
13.4.2.Beverages
13.4.3.Oils and fats
13.4.4.Dairy products
13.4.5.Seafood, poultry and meat industry
13.4.6.Snacks
13.4.7.Confectionery
13.4.8.Others
13.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 

Key Market Players

  • Bayer AG (Germany)
  • Boehringer Ingelheim GmbH (Germany)
  • Ceva Santa Animale (France)
  • Eli Lilly and Company (U.S)
  • Heska Co. (U.S)
  • Hester biosciences (India)
  • Merck & Co., Inc. (U.S)
  • Perrigo Company plc. (Ireland)
  • Vetoquinol S.A. (France)
  • Virbac S.A. (France)
  • Zoetis Inc. (U.S)

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