Global Veterinary Drug Supply, Demand and Key Producers, 2026-2032
Description
The global Veterinary Drug market size is expected to reach $ 40920 million by 2032, rising at a market growth of 5.4% CAGR during the forecast period (2026-2032).
Veterinary drugs are used to cure and prevent diseases in animals, including animals used for food production. Veterinary drugs are given to animals via feed or drinking water, or by injection.
The growth of the veterinary drug market is primarily driven by the rising global demand for animal protein, such as meat, milk, and eggs, which necessitates improved animal health and productivity. Increasing pet ownership and heightened awareness of animal welfare are also contributing to greater demand for preventive and therapeutic veterinary treatments. Moreover, advancements in veterinary medicine—such as targeted antibiotics, vaccines, and parasiticides—are helping to address a wide range of animal diseases more effectively. Government initiatives and regulatory support for animal healthcare further strengthen the market, especially in emerging economies with expanding livestock and pet populations.
A major challenge in the veterinary drug market is the growing concern over antimicrobial resistance (AMR) resulting from the overuse and misuse of antibiotics in animals. Regulatory authorities are imposing stricter rules on drug approvals and usage, which can increase development costs and limit market accessibility for certain products. Additionally, the high cost and lengthy process of veterinary drug development—combined with the need for specialized R&D infrastructure—pose significant barriers to entry for smaller firms. Price sensitivity in developing regions and limited access to veterinary care in rural areas also hinder market penetration, particularly for premium or innovative drug formulations.
This report studies the global Veterinary Drug production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Veterinary Drug and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Veterinary Drug that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Veterinary Drug total production and demand, 2021-2032, (M Units)
Global Veterinary Drug total production value, 2021-2032, (USD Million)
Global Veterinary Drug production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Units), (based on production site)
Global Veterinary Drug consumption by region & country, CAGR, 2021-2032 & (M Units)
U.S. VS China: Veterinary Drug domestic production, consumption, key domestic manufacturers and share
Global Veterinary Drug production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Units)
Global Veterinary Drug production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
Global Veterinary Drug production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
This report profiles key players in the global Veterinary Drug market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zoetis, Elanco, Boehringer Ingelheim, Merck, Virbac, Ceva, Vetoquinol, Dechra, Norbrook, Phibro, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Veterinary Drug market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Veterinary Drug Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Veterinary Drug Market, Segmentation by Type:
Anti-Infectives
Anti-Inflammatory
Parasiticides
Analgesics
Sedatives
Others
Global Veterinary Drug Market, Segmentation by Application:
Pets
Cattle
Poultry
Swine
Others
Companies Profiled:
Zoetis
Elanco
Boehringer Ingelheim
Merck
Virbac
Ceva
Vetoquinol
Dechra
Norbrook
Phibro
Huvepharma
Hipra
Ouro Fino Saude
CAHIC
Orion
Ringpu Biology
Nippon Zenyaku Kogyo
Farmavet-Pasteur
Jinhe Bio
Qianjiang Biochemical
Key Questions Answered:
1. How big is the global Veterinary Drug market?
2. What is the demand of the global Veterinary Drug market?
3. What is the year over year growth of the global Veterinary Drug market?
4. What is the production and production value of the global Veterinary Drug market?
5. Who are the key producers in the global Veterinary Drug market?
6. What are the growth factors driving the market demand?
Veterinary drugs are used to cure and prevent diseases in animals, including animals used for food production. Veterinary drugs are given to animals via feed or drinking water, or by injection.
The growth of the veterinary drug market is primarily driven by the rising global demand for animal protein, such as meat, milk, and eggs, which necessitates improved animal health and productivity. Increasing pet ownership and heightened awareness of animal welfare are also contributing to greater demand for preventive and therapeutic veterinary treatments. Moreover, advancements in veterinary medicine—such as targeted antibiotics, vaccines, and parasiticides—are helping to address a wide range of animal diseases more effectively. Government initiatives and regulatory support for animal healthcare further strengthen the market, especially in emerging economies with expanding livestock and pet populations.
A major challenge in the veterinary drug market is the growing concern over antimicrobial resistance (AMR) resulting from the overuse and misuse of antibiotics in animals. Regulatory authorities are imposing stricter rules on drug approvals and usage, which can increase development costs and limit market accessibility for certain products. Additionally, the high cost and lengthy process of veterinary drug development—combined with the need for specialized R&D infrastructure—pose significant barriers to entry for smaller firms. Price sensitivity in developing regions and limited access to veterinary care in rural areas also hinder market penetration, particularly for premium or innovative drug formulations.
This report studies the global Veterinary Drug production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Veterinary Drug and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Veterinary Drug that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Veterinary Drug total production and demand, 2021-2032, (M Units)
Global Veterinary Drug total production value, 2021-2032, (USD Million)
Global Veterinary Drug production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Units), (based on production site)
Global Veterinary Drug consumption by region & country, CAGR, 2021-2032 & (M Units)
U.S. VS China: Veterinary Drug domestic production, consumption, key domestic manufacturers and share
Global Veterinary Drug production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Units)
Global Veterinary Drug production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
Global Veterinary Drug production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
This report profiles key players in the global Veterinary Drug market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zoetis, Elanco, Boehringer Ingelheim, Merck, Virbac, Ceva, Vetoquinol, Dechra, Norbrook, Phibro, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Veterinary Drug market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Veterinary Drug Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Veterinary Drug Market, Segmentation by Type:
Anti-Infectives
Anti-Inflammatory
Parasiticides
Analgesics
Sedatives
Others
Global Veterinary Drug Market, Segmentation by Application:
Pets
Cattle
Poultry
Swine
Others
Companies Profiled:
Zoetis
Elanco
Boehringer Ingelheim
Merck
Virbac
Ceva
Vetoquinol
Dechra
Norbrook
Phibro
Huvepharma
Hipra
Ouro Fino Saude
CAHIC
Orion
Ringpu Biology
Nippon Zenyaku Kogyo
Farmavet-Pasteur
Jinhe Bio
Qianjiang Biochemical
Key Questions Answered:
1. How big is the global Veterinary Drug market?
2. What is the demand of the global Veterinary Drug market?
3. What is the year over year growth of the global Veterinary Drug market?
4. What is the production and production value of the global Veterinary Drug market?
5. Who are the key producers in the global Veterinary Drug market?
6. What are the growth factors driving the market demand?
Table of Contents
151 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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